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teeitup
Massachusetts
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Locked. No further comments permitted.Congress giveth and Congress taketh away
Dec 20 2017 10:29PM more by teeitup
Tags: Orange County, Current Events (All tags)

How many know that the standard deduction is doubling to $12,000 but the $4050 personal exemption is going away. So you're only really getting $1950 more subtracted from your income, not the $6000 more most people think. Suddenly not so appetizing...
      
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artnjazz
Santa Monica, LA, CA
LA, CA Today!
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Dec 20 2017 10:32PM     link to this

Not many know that, but it will become more apparent next year, then the next.
KaiserSoce
CA
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Dec 21 2017 12:21AM     link to this

LOL

So.....

Never mind.
Grumpy
Inland Empire, CA
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Dec 21 2017 05:02AM     link to this

So is my panhandling business going to go up or down?
InsearchofStarfish
Santa Ana, OC, CA
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Dec 21 2017 06:20AM     link to this

watched morning joe for an hr this morning to see what he would say about the goings on of the past few days with taxes and so forth.

the dude is so hateful with every little breath he takes...this is over the top hate like there is a mandate from msnbc to pour it on with every sentence out of your mouth....same with the chick

if got taken out i would not feel bad in the slightest.

listening to all the lib commentators...people are going to die...every single one of them with the same lines.
KaiserSoce
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Dec 21 2017 06:32AM     link to this

“like there is a mandate from msnbc to pour it on with every sentence out of your mouth.”

Duh!

It’s MSNBC and bitter joe.
bigseekersb
Inland Empire, CA
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Dec 21 2017 06:35AM     link to this

Considering that most of the really wealthy people make their money from capital gains, they have been getting a major tax break for a long time already. The rate on that is really low.

Now the Repubs have cut the government's income from corporations, permanently. When that blows an even bigger hole in the deficit, they will whine about how expensive Social Security and Medicare are and they need to cut benefits that people worked their whole lives to get.

They will make their benefit-cutting move either next year, or else wait until 2019, after they get the 2018 elections behind them.

So I save a few hundred dollars a year on taxes now but they want me to lose thousands in benefits when I retire in 5 years. This is the 'tremendous savings' for the middle class? What a bunch of hogwash!
InsearchofStarfish
Santa Ana, OC, CA
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Dec 21 2017 06:42AM     link to this

he said he would not cut benefits...so in the meantime enjoy your few hundred bucks

the cap gain rates have been a huge boon for quite awhile

Nacraman
Santa Barbara, Central Coast, CA
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Dec 21 2017 07:34AM     link to this

Do Panhandlers have to pay taxes on their collection? asking for a friend.
jazz51
Laguna Hills/Woods, OC, CA
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Dec 21 2017 09:01AM     link to this

If all the whining Dems don’t want their tax cut, they can send it to me!!!
teeitup
Massachusetts
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Dec 21 2017 10:17AM     link to this

Jack, I was holding this question because it's Christmas, but it's obvious that you don't care, so neither will I.
Attached Links
http://www.vetstreet.com/our-pet-experts/why-does-my-dog-kick-the-grass-after-pooping
teeitup
Massachusetts
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Dec 21 2017 10:42AM     link to this

THEY'RE TAXING MY PP?? But I'm OK with them thinking it's a charity, since that means I can write off everything I spend on here.
jazz51
Laguna Hills/Woods, OC, CA
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Dec 21 2017 11:10AM     link to this

The Real Pooch

"and why dont you bitch to the fucking democrats that run this state to lower your state taxes since you cant deduct them anymore! FUCKING SHEEP"

Amen to this statement.

We have so many give away programs and freeloaders in this state.....CUT SPENDING....and we won't have to be taxes so much......

But that is a mind set so alien to the Democrats...

This tax plan will give LOTS of people tax cuts, but the Dems don't want to let us keep our own money...they just want to get more so they have more to spend.

I love how their panties are in a bunch about an additional $1.5 trillion in deficit that will occur over the next 10 years....when they were fine that we ran up $10 trillion in a mere 8 years under Obama....how hypocritical is that.....
jazz51
Laguna Hills/Woods, OC, CA
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Dec 21 2017 11:10AM     link to this

oops...taxed instead of taxes...
jazz51
Laguna Hills/Woods, OC, CA
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Dec 21 2017 01:10PM     link to this

The top 1% of taxpayers account for almost 21% of the adjusted gross income in the country and pay over 39% of the taxes...

Thus when you make a cut, people who pay way more will get more benefit with the cut.

Of course, far too many liberals want to keep squeezing that top 1% since they are too lazy to work hard and become that 1%.....
jazz51
Laguna Hills/Woods, OC, CA
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Dec 21 2017 01:23PM     link to this

The top tax rate was lowered from 39.6% to 37%, 2.6% reduction.

Do the math.....even if that entire $1 million is taxable, 2.6% of a million is only $26,000.

Of course, someone with $3 million in taxable income would see a reduction of $78,000.

But a person who makes $1 million is NOT going to see $70,000 in a tax reduction. Further, that person probably will also see fewer deductions, since their property taxes and state taxes will be capped at $10,000.

But the Dems want to use misleading statistics every chance they get.

Frog, I am sure your statistic should have said, taking ALL the people who make over a million dollars the AVERAGE millionaire/billionaire will see $70,000 in reduction, a far different statement than people who make over a million will get $70,000.

But hey, why tell the real truth...just keep spinning the bullshit.
jazz51
Laguna Hills/Woods, OC, CA
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Dec 21 2017 01:30PM     link to this

Here are several additional sources.....
Attached Links
https://www.ntu.org/foundation/page/who-pays-income-taxes
https://www.thoughtco.com/who-pays-the-most-us-income-tax-3321637
jazz51
Laguna Hills/Woods, OC, CA
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Dec 21 2017 01:35PM     link to this

Walter....the whining lazy bitches who don't want to work for a living just want the 'rich' to keep paying for their laziness...

It is NOT the role of government to feed your lazy ass, or clothe your lazy ass or give you free telephones, free medical insurance, free housing, etc.

Now if you have very unusual circumstances, disabilities, etc., I am ok with the government helping bail you out.

But this redistribution of wealth mindset is just bullshit.
rodd2468
Santa Ana, OC, CA
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Dec 21 2017 01:37PM     link to this

People making more than $200,000 will have to pay more .All you DEMOCRACTS hope big business will hoard all there profits and if they do you will be right. But that not going to happen. They will not waste there money like OBAMA did there not that stupid .. They will make money create new jobss. What happen to the Trillions OBAMA said he will give to Infrastructure
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