GOP Tax Bill: Senate bill approved 1am 12/20; House bill approved; POTUS signs bill into law

Discussion in 'Higher Learning' started by The Black Panther, Oct 26, 2017.

  1. Reality

    Reality Make your own luck.

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    Yeah, state income tax deduction was the only one I could claim, and I've only claimed it in the past because I had other itemized deductions that made it worth it.

    The new standard deduction is big enough to make that loss inconsequential. The reform on the middle tax rates is a pretty decent boon to me though.
     
  2. Reality

    Reality Make your own luck.

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    Fair enough, that's why I qualified it the way I did. If you're young and single and don't own a home, you're probably winning on this one unless you have hefty student loan debt.
     
  3. LeVraiPapi

    LeVraiPapi Redemption is Coming

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    So, they reducing child credit and homebuyer credit ?

    Like who the hell does that ?

    Please burn these fools already.
     
  4. FAH1223

    FAH1223 Go Wizards, Go Terps, Go Packers! Staff Member Hall of Fame

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  5. FooFighters

    FooFighters Superstar

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    Key their car if you can because this is some fukkin bullshyt
     
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  6. FooFighters

    FooFighters Superstar

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    I don't get why these fukks are pro-life but approve of the death penalty
     
  7. FAH1223

    FAH1223 Go Wizards, Go Terps, Go Packers! Staff Member Hall of Fame

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  8. Uncle Phil 36

    Uncle Phil 36 All Star

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    Biggest hypocrites
     
  9. the cac mamba

    the cac mamba Veteran

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    so lets say i know someone :mjgrin: who makes around 50k a year, lives in a state with state income tax, and rents. single, no kids. pretty average

    looks like a slight tax cut? or am i wrong about that?
     
  10. GnauzBookOfRhymes

    GnauzBookOfRhymes Superstar

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    This bill is not going to pass. Dead. Take it to the bank. Even right wing idiots are shytting on this bill when it becomes perfectly clear to them that trump is subsidizing HIS tax cuts by killing off various deductions that we've all come to know and love.
     
  11. GnauzBookOfRhymes

    GnauzBookOfRhymes Superstar

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  12. ♛ ★ ⋯ Éminence grise

    ♛ ★ ⋯ Éminence grise The Original Hall of Shame Supporter WOAT

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  13. ♛ ★ ⋯ Éminence grise

    ♛ ★ ⋯ Éminence grise The Original Hall of Shame Supporter WOAT

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  14. acri1

    acri1 The Chosen 1 Supporter

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    So I heard that if this passes, I won't be able to write off student loan interest any more because that's a "special interest".

    Cot damn Republicans :martin:
     
  15. 88m3

    88m3 Fast Money & Foreign Objects

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    I haven't checked the conservative think tanks but I doubt many of them even support this bill albeit the love the corporate handouts I'm sure
     

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