The GOPe is throwing another tantrum.
Take their Binkies away and make them get to work!
If you're middle class (between $75k and $200k/yr) you are at high risk for a tax increase. These are the folks who itemize in every state, every Congressional district in the US. They are most often suburban, two income professionals with a mortgage.
The folks who almost always vote Republican.
POS all of them.
I have no doubt my taxes will go up after the “tax reform.”
This is why everyone should lie on their taxes.
Not good at all for Moleman
It’s not just that the taxes will go up. Because Ryan didn’t as promised repeal and replace ObamaCare, these are the people whose health insurance and health care costs will continue to spin out of control.
The Agop-e is part of the problem. Raising taxes is preposterous!!!!
Because, who wouldn’t expect a tax increase when you voted for a decrease, and everyone is telling you its a decrease?
Based on the way our government listens to us, expect government spending to skyrocket and taxes to go up.
BOHICA.
As long as no viable 3rd parties exist the GOP does not care what any of us think.
Congress needs to publish on online tax calculator so that citizens can check if they are bluffing about “post card” size tax return.
I emailed my congressman (R) this morning and pointed out that while I support any corporate cuts (which I believe will be recouped by increased business receipts) the seniors (who are very heavy R and almost always vote) are being put in a catch-22 situation. The medical deduction and the charitable gift deduction, when coupled with limits on property taxes, are going to be a big hit at a time that they must take money from their 401's, IRA's etc. And no more personal exemption.
That is also going to impact couples with large families.
I don’t trust AP. And don’t believe even the idiots of the GOP would allow this because it spells death for them. I suspect overall taxes will be reduced.
I can confirm this as well. Based on some of the calculations available and my own analysis, our tax bill could increase up to $500 due to the loss of some of the deductions.
There are some nice things to the plan, but some glaring problems as well. Especially with the deductions. I can see this hurting charitable donations as most people will lose the incentive to give and just take the standard deduction. Raise the exemptions to help people out.
The GOPe is throwing another tantrum.
Take their Binkies away and make them get to work!
Small quibble...
$200,000/yr is about the 95th percentile of income distribution. I don't think the "middle class" goes that high.
The 50th percentile is at about $54,000/yr.
Distribution of Household Income: 2014
-PJ
We need SWAMP draining!
probably even worse than you think...and you’ve been preachin from day 1.
check the actual irs stats for 2015.... everything is there to make your point(s) stick....in spades.
https://www.irs.gov/pub/irs-soi/15in21id.
add xls at the end of the above link
the tax plan from either house or senate will piss off more people than we think.
interesting that we don’t have enough to itemize anymore so we would make out better initially with either tax plan.
What, you didn’t vote for a tax increase last year?
This “plan” isn’t about cutting taxes, they have already said that whatever plan they come up with has to be revenue neutral.
This isn’t a tax cut...it is simply cost shifting.
Marko
Coming from the Ass Press I don’t even read any further and I certainly don’t believe anything from the AP
“...They are most often surburban, two income professionals with a mortgage.
The folks who almost always vote Republican.”
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“...almost always vote Republican.” Really? Not in Maryland...not in New York...not in Massassachusits ...not in California..
