Winners and losers in Republican tax ...

Winners and losers in Republican tax bill

There are 24 comments on the Capitol Hill Blue story from Nov 18, 2017, titled Winners and losers in Republican tax bill. In it, Capitol Hill Blue reports that:

The ultra-wealthy, especially those with dynastic businesses - like President Donald Trump and his family - do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed this week by the House. Want to toast the anticipated tax win with champagne or a beer - or maybe you're feeling Shakespearean and prefer to quaff mead from a pewter mug? That would cheer producers of beer, wine, liquor - and mead, the ancient beverage fermented from honey.

Join the discussion below, or Read more at Capitol Hill Blue.

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Since: Mar 09

The Left Coast

#1 Nov 18, 2017
68.5 percent of all US households chose to take the standard deduction. Why would we want to double those deductions?
Ms Sassy

Paris, TN

#2 Nov 18, 2017
EVERYBODY LOSES in this Tax Bill ,except for the ONE - Percent of the Wealthiest In America...and the Russian-Mafia TRUMP Communists! In a very short amount of time, they're going to take Multi-Billions of Dollars out of Medicare and Social Security!
THAT"S OUR MONEY, that we had withheld out of EVERY Paycheck, for our entire Working Lives...and now, the Communist Trumps, and the TEApublicans in Congress, are going to FLAT-OUT STEAL IT...The Sorry, Greedy SOBs!!!
O'M SO TIRED OF FIGHTING THOSE GREEDY TEAPUBLICAN BASTA*DS OVER OUR MONEY, THAT WE WORKED FOR...AND IN MOST CASES, WORKED HARD FOR!!! IF THEY WORKED HARD, THEY WOULDN'T HAVE THE TIME, NOR THE ENERGY TO, CONTINUOUSLY .KEEP PLOTTING HOW TO STEAL IT!!!
Julia

Chambersburg, PA

#3 Nov 18, 2017
Ms Sassy wrote:
EVERYBODY LOSES in this Tax Bill ,except for the ONE - Percent of the Wealthiest In America...and the Russian-Mafia TRUMP Communists! In a very short amount of time, they're going to take Multi-Billions of Dollars out of Medicare and Social Security!
THAT"S OUR MONEY, that we had withheld out of EVERY Paycheck, for our entire Working Lives...and now, the Communist Trumps, and the TEApublicans in Congress, are going to FLAT-OUT STEAL IT...The Sorry, Greedy SOBs!!!
O'M SO TIRED OF FIGHTING THOSE GREEDY TEAPUBLICAN BASTA*DS OVER OUR MONEY, THAT WE WORKED FOR...AND IN MOST CASES, WORKED HARD FOR!!! IF THEY WORKED HARD, THEY WOULDN'T HAVE THE TIME, NOR THE ENERGY TO, CONTINUOUSLY .KEEP PLOTTING HOW TO STEAL IT!!!
Stop yelling! You're scaring everyone, especially the children.

“100% American”

Since: Jul 13

Tennessee Hills

#4 Nov 18, 2017
Ms Sassy wrote:
EVERYBODY LOSES in this Tax Bill ,except for the ONE - Percent of the Wealthiest In America...and the Russian-Mafia TRUMP Communists! In a very short amount of time, they're going to take Multi-Billions of Dollars out of Medicare and Social Security!
THAT"S OUR MONEY, that we had withheld out of EVERY Paycheck, for our entire Working Lives...and now, the Communist Trumps, and the TEApublicans in Congress, are going to FLAT-OUT STEAL IT...The Sorry, Greedy SOBs!!!
O'M SO TIRED OF FIGHTING THOSE GREEDY TEAPUBLICAN BASTA*DS OVER OUR MONEY, THAT WE WORKED FOR...AND IN MOST CASES, WORKED HARD FOR!!! IF THEY WORKED HARD, THEY WOULDN'T HAVE THE TIME, NOR THE ENERGY TO, CONTINUOUSLY .KEEP PLOTTING HOW TO STEAL IT!!!
Stop lying, you are convincing no one.
Tuffet

Garden Grove, CA

#5 Nov 18, 2017
Did they take your balls
Cordwainer Trout

Raywick, KY

#11 Nov 18, 2017
"You can please some of the people all of the time, you can please all of the people some of the time, but you canít please all of the people all of the time."
Another Republican President

There should be no resistance to reducing the size of governments. They will have become impediments to mankind's progress and future otherwise.
Retribution

Bladensburg, MD

#12 Nov 18, 2017
The only people who can't see this reform as a Republican scam are those of you who dont pay real estate taxes or personal property taxes and have nothing of value worth taxing.

If you rent instead of pay a mortgage or do not own a parcel of land you have no skin in the game.

Not owning a motor vehicle of any kind that you pay personal property taxes on and are forced to register with the local or state authorities you don't have any financial consequences becausevof this scam.
Mothra

Mesa, AZ

#13 Nov 19, 2017
Retribution wrote:
<sigh>

bullshyt

Since: Mar 09

The Left Coast

#14 Nov 19, 2017
Retribution wrote:
The only people who can't see this reform as a Republican scam are those of you who dont pay real estate taxes or personal property taxes and have nothing of value worth taxing.

If you rent instead of pay a mortgage or do not own a parcel of land you have no skin in the game.

Not owning a motor vehicle of any kind that you pay personal property taxes on and are forced to register with the local or state authorities you don't have any financial consequences becausevof this scam.
68.5% of all US households use the standard deduction, which would double under the this bill. You're saying the other 31.5% who have expensive houses, cars and property (the rich) are the only ones with 'skin in the game'.
anonymous

New York, NY

#15 Nov 19, 2017
Tuffet wrote:
Did they take your balls
No, they're right here where I left them.

“4 years of Libs in agony!”

Since: Jan 11

Lake Geneva, WI

#17 Nov 20, 2017
"Many families making less than $30,000 a year would face tax increases starting in 2021 under the Senate bill, according to Congressí nonpartisan Joint Committee on Taxation."

Good. EVERYONE should have skin in the game. It's about time everyone people "pay their fair share".
Retribution

Philadelphia, PA

#18 Nov 20, 2017
RustyS wrote:
68.5 percent of all US households chose to take the standard deduction. Why would we want to double those deductions?
To steal our SALT deductions.

If you don't pay real estate and personal property taxes there's no reason or legal reason for you to receive the SALT tax credits to reduce your tax owed.

If your property tax credits are lower than the current standard deduction with your other credits then you don't have any concerns..
Retribution

Philadelphia, PA

#19 Nov 20, 2017
BHM5267 wrote:
"Many families making less than $30,000 a year would face tax increases starting in 2021 under the Senate bill, according to Congressí nonpartisan Joint Committee on Taxation."

Good. EVERYONE should have skin in the game. It's about time everyone people "pay their fair share".
Many "Families" earning less than $59,000 still will not be paying federal income taxes, they aren't now.

in 2025 that $24.00 a week temporary tremendous tax cut expires.
Retribution

Philadelphia, PA

#20 Nov 20, 2017
RustyS wrote:
<quoted text>

68.5% of all US households use the standard deduction, which would double under the this bill. You're saying the other 31.5% who have expensive houses, cars and property (the rich) are the only ones with 'skin in the game'.
owning real estate and personal property and paying taxes on those assets doesn't qualify anyone as rich.

If you don't pay taxes on your property and qualify for SALT tax credits , hell no you don't have any skin in the game.

"68.5% of all US households use the standard deduction,"

That suggest that 68.5% of the households are not property owners, or the property they own and pay taxes on is worthless by the valuation assessment of their local assessors office.

So those people take the current standard deduction.

“So it's not you, It's them?”

Since: Jun 11

Location hidden

#21 Nov 20, 2017
Non-partisan analysts have determined

that all folks who make less than $70,000

will pay more taxes. Also, that the CON's

Tax Bill, which would no longer allow folks

to deduct interest paid on mortgage loans,

would totally trash the housing market.
End of Story

United States

#22 Nov 20, 2017
Julia wrote:
<quoted text>

Stop yelling! You're scaring everyone, especially the children.
Then grow up.

“4 years of Libs in agony!”

Since: Jan 11

Lake Geneva, WI

#23 Nov 20, 2017
Chilli J wrote:
Non-partisan analysts have determined

that all folks who make less than $70,000

will pay more taxes. Also, that the CON's

Tax Bill, which would no longer allow folks

to deduct interest paid on mortgage loans,

would totally trash the housing market.
Two things.....

1) There is no such thing as "non-partisan". Everyone has a viewpoint and a mindset, anyone who says otherwise is either lying or trying to sell you something.

2) If you rely on that "deduction" in order to be able to "afford" your tax bill, you probably can't afford the house in the first place.

“4 years of Libs in agony!”

Since: Jan 11

Lake Geneva, WI

#24 Nov 20, 2017
Retribution wrote:
<quoted text>

Many "Families" earning less than $59,000 still will not be paying federal income taxes, they aren't now.

in 2025 that $24.00 a week temporary tremendous tax cut expires.
Still doesn't change the fact that everyone should have skin in the game. I, for one, have a hard time with people who pay ZERO taxes telling me I need to pay more.

As for the $24 per week, if you don't want it, send it to me, I'll spend it, or better yet, donate it to the RNC.

“So it's not you, It's them?”

Since: Jun 11

Location hidden

#26 Nov 20, 2017
BHM5267 wrote:
<quoted text>

Two things.....

1) There is no such thing as "non-partisan". Everyone has a viewpoint and a mindset, anyone who says otherwise is either lying or trying to sell you something.

2) If you rely on that "deduction" in order to be able to "afford" your tax bill, you probably can't afford the house in the first place.
Stop lying! Of course there are "non-partisan analysts."

But your cynicism and St00pidity is duly noted and not

at all surprising. Thanks for confirming your ignorance

of housing value "drivers" and the extremely adverse

effect that the CON's abolishment of the mortgage

interest deduction should have on residential values.

“4 years of Libs in agony!”

Since: Jan 11

Lake Geneva, WI

#27 Nov 20, 2017
Chilli J wrote:
<quoted text>

Stop lying! Of course there are "non-partisan analysts."

But your cynicism and St00pidity is duly noted and not

at all surprising. Thanks for confirming your ignorance

of housing value "drivers" and the extremely adverse

effect that the CON's abolishment of the mortgage

interest deduction should have on residential values.
Ah, I see, you're one of those who shovels "it" and seems to think it smells of roses.

If you truly believe what you're shoveling that makes you gullible, naive, or more likely clueless.

Must be hard to breath with your head firmly encased in your backside.

It's NOT the fed's job to keep your property values up. If you're relying on gimmicks and tax tricks to allow you to make ends meet, you can't afford to be living where you do.

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