by JFLNYC » Sat Dec 02, 2017 12:38:11
Houshphandzadeh wrote:I would be interested in an argument by JH how this bill is a good thing ooc
by Soren » Sat Dec 02, 2017 12:41:32
Uncle Milty wrote:Soren wrote:Guess I should figure out if this is good or bad for me financially I guess.
Mr. Greater Good
by CalvinBall » Sat Dec 02, 2017 12:50:20
by traderdave » Sat Dec 02, 2017 12:53:37
Soren wrote:Guess I should figure out if this is good or bad for me financially I guess.
by JFLNYC » Sat Dec 02, 2017 12:54:13
Soren wrote:Uncle Milty wrote:Soren wrote:Guess I should figure out if this is good or bad for me financially I guess.
Mr. Greater Good
I mean. Buying my house was a huge risk. My wife and I do well enough that being 35 when this bill goes through should theoretically be ok but her parents are going to need to be supported and provided for, my younger siblings are going to be getting crushed by their student loan debt and most of my friends will be much worse off.
by Rev_Beezer » Sat Dec 02, 2017 12:57:54
by JFLNYC » Sat Dec 02, 2017 13:00:08
traderdave wrote:Soren wrote:Guess I should figure out if this is good or bad for me financially I guess.
I don't think this can be done yet. At the most basic level, the two bills don't even have the same number of tax brackets.
by TenuredVulture » Sat Dec 02, 2017 13:00:39
by JFLNYC » Sat Dec 02, 2017 13:02:59
TenuredVulture wrote:Is the charitable deduction gone? Have the preachers found out about that?
by jamiethekiller » Sat Dec 02, 2017 13:03:59
by JFLNYC » Sat Dec 02, 2017 13:06:23
jamiethekiller wrote:How does this proposal affect student loans again?
by traderdave » Sat Dec 02, 2017 13:29:18
JFLNYC wrote:traderdave wrote:Soren wrote:Guess I should figure out if this is good or bad for me financially I guess.
I don't think this can be done yet. At the most basic level, the two bills don't even have the same number of tax brackets.
Even if you could figure it out from a strict income tax standpoint, to get the full picture you need to factor in the decrease in the value of your home (if you own), higher student debt costs, higher health insurance premiums, no medical expense deductions in the event of a catastrophic medical event or a loved one with high medical expenses, higher costs for elder care, etc. And, of course, you’ll need to consider the additional long-term costs when the individeal tax breaks are either phased out and/or other government support is cut.
by Soren » Sat Dec 02, 2017 13:35:15
JFLNYC wrote:Soren wrote:Uncle Milty wrote:Soren wrote:Guess I should figure out if this is good or bad for me financially I guess.
Mr. Greater Good
I mean. Buying my house was a huge risk. My wife and I do well enough that being 35 when this bill goes through should theoretically be ok but her parents are going to need to be supported and provided for, my younger siblings are going to be getting crushed by their student loan debt and most of my friends will be much worse off.
Soren, I sincerely hope you love your house because estimates are it’s going to fall 10-15% in value and, if you have to move and even if you’re fortunate enough to get an acceptable price, the interest on your new mortgage won’t be tax deductible so you may have to trade down, rather than up. And since you’re SALT deduction will also be limited, you might want to look at state’s with lower SALT. I hear Alabama is nice this time of year.
by slugsrbad » Sat Dec 02, 2017 13:40:34
Donald Trump wrote:I had to fire General Flynn because he lied to the Vice President and the FBI. He has pled guilty to those lies. It is a shame because his actions during the transition were lawful. There was nothing to hide!
narrator wrote:There was something to hide.
Doll Is Mine wrote:This Ellen DeGeneres look alike on ESPN is annoying. Who the hell is he?
by CalvinBall » Sat Dec 02, 2017 13:46:01
by traderdave » Sat Dec 02, 2017 13:49:55
by The Savior » Sat Dec 02, 2017 14:20:55
jerseyhoya wrote:The Savior wrote:The sad part is that people like jersey, who love them some tax cuts, are not helped at all here. I'm blessed that I got a high quality education and have a high paying job. As someone else noted in his thread, I will be fine. My son will be fine. But the hard lined true middle class republicans are fucked. Hope those republicans like jersey can call their rich friends hoping for handouts (oh the irony).
I'm looking forward to my tax cut, but thank you for your concern
by pacino » Sat Dec 02, 2017 14:58:11
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
by pacino » Sat Dec 02, 2017 15:01:02
The Savior wrote:jerseyhoya wrote:The Savior wrote:The sad part is that people like jersey, who love them some tax cuts, are not helped at all here. I'm blessed that I got a high quality education and have a high paying job. As someone else noted in his thread, I will be fine. My son will be fine. But the hard lined true middle class republicans are #$!&@. Hope those republicans like jersey can call their rich friends hoping for handouts (oh the irony).
I'm looking forward to my tax cut, but thank you for your concern
Put that $21 away for safe keeping
thephan wrote:pacino's posting is one of the more important things revealed in weeks.
Calvinball wrote:Pacino was right.
by JUburton » Sat Dec 02, 2017 15:02:31
republican ethos in 6 words. I'm getting mine for now, fuck everyone else.jerseyhoya wrote:The Savior wrote:The sad part is that people like jersey, who love them some tax cuts, are not helped at all here. I'm blessed that I got a high quality education and have a high paying job. As someone else noted in his thread, I will be fine. My son will be fine. But the hard lined true middle class republicans are fucked. Hope those republicans like jersey can call their rich friends hoping for handouts (oh the irony).
I'm looking forward to my tax cut, but thank you for your concern
