Please substantiate this claim.

By Feb the results or impacts will be in the pay checks.

Lol young earth creationism support never gets old

Inso is a very serious, well informed adult

It didn't increase taxes on the typical "evangelical" family...

The CTC increased to $2000/year.

If anything it's a bonanza.

The IRS issued guidance that they are updating the withholding tables for payroll companies and for go-live in February.

Since they are eliminating the personal exemptions and such, I wonder if everyone is just going to have to fill out a new W4.

The exemptions are removed though.


So that’s 4050 % your tax rate as a subtraction to that Ctc.


If you are a single mom of three you have this now


Head of household. 10,600 + 16200 PE for deductions to get to agi. That’s 26,800. Assume 3,000 for Ctc


In 2018. You get 12,000 for being single. Full stop.

+ 6000 Ctc

Even at 15% bracket that is a loss of 2,300 on the pE and hoh


So they are ahead a whopping 700 dollars


Assume person is in 25% bracket now

26,800-12,000 * .25. =. 3600 ish

So that windfall of CTC gets completely consumed by losing personal exemptions



This is at least the 4th time you have talked about personal taxes and have been completely wrong.

Pretty sure I could construct withholding tables in excel in about 20 minutes, not sure why this would be a crisis for ADP

A pretty good article about how this tax bill will make the problem of income inequality a lot worse in the US.

https://www.vox.com/policy-and-polit...ome-inequality

The really important part of the story is that the percentage of income earned by the top 1 percent had fallen from around 20 percent in 1920 to under 10 percent in 1980. Now we are back at 20 percent. And that's before this bill goes into effect.

Basically, we are heading toward Latin American levels of income inequality.

It's almost as if Awval is a dishonest troll.

Here, fixed that for you.
Seriously, the claims that this is an echo chamber ring so ****ing hollow when these three idiots are the "other side". Jesus ****ing christ you guys are unbelievably dense.

Low information voters are going to eat this up. All they will notice is their getting extra money every week. By mid terms it will eat into the democratic wave. Most bipartisan analysis say 80 % will see a tax decrease. How are you going to explain to the low information voter that getting extra money is a bad thing?

I don't what this means. We've already seen businesses threaten consequences based on legislation; Papa John's going to have to fire people based on Obamacare, that everyone said wouldn't or didn't need to happen. We've seen companies threaten the government; Aetna pulling out of Obamacare markets, if they don't get their way in unrelated issues, in that case allowing a merger to happen. We've already seen companies trade Trump tax cuts and benifits in exchange for good press in the Carrier incident in which they still sent jobs overseas. We've seen companies transparently butter Trump up through various means via praising him and moving their conferences to his property and were seen companies suffer setbacks by criticize him like Boeing (or was it Lockheed Martin?) losing billions in market cap and changed contracts with the government.

In other words a lot of this gets counted as good if people assume that businesses are good faith actors dispassionatly surveying their finances and giving their objective assessment of what's going to happen, but we've seen multiple instances were companies aren't saying things in good faith but doing so to get things they want. In this case, AT&T has a major merger that's been held up so they have a reason to try and find themselves in Trump's good graces and very publicly make him look good.

Maybe I'm wrong and this is just the beginning of companies across the board raising wages, but until then I'll be skeptical.

Can someone tell me how the long term capital gains tax is changing, and when it would take effect?

Lying seems like the only option.

Meme Material

Such a wonk

Another day, another round of companies announcing bonuses and wage increases.

It must really suck to be a liberal.

It does. You clowns are ruining the country.

So now you're in favor of minimum wage hikes?

https://twitter.com/nycsouthpaw/stat...70808501370881

this is why i said Dems should hammer the point that these tax cuts did not lead to increase in wages because they ****ing won't. you might look at your paystub and see that your taxes are $20 less but you'll also notice that the earnings line is the exact same ****ing thing it was a year ago.

"republicans said the tax cuts would unleash wage growth. you don't have to understand tax policy to understand that you didn't get a raise this year"

So Trump and the repubs get credit for all Christmas bonuses now? You know, the bonuses that come every year for most companies this time of year? Can Trump and tax reform take credit for my Xmas bonus that I've received every year for the past five years?

Inso, rara, adios, and awval coming out full force in this thread today to bask in all the WINNING! The derposphere might have a parade today

Turns out companies will take care of that themselves if you tone down the crippling levels of taxation.

Who knew?

Wages will be back to pre-1909* levels in no time!

*basically the start of corporate taxes

Good times are coming!