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Bacari Sellers: People making $30k a year will have a tax increase
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Date: November 16th, 2017 10:32 PM Author: exhilarant lemon den multi-billionaire it's just a blatant lie. And no one questions it. FUCK CNN (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705686) |
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Date: November 16th, 2017 10:33 PM Author: henna mexican background story (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705693) |
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Date: November 16th, 2017 10:36 PM Author: exhilarant lemon den multi-billionaire what do we do about this shit (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705724) |
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Date: November 17th, 2017 8:46 PM Author: Cerebral Self-absorbed Boltzmann Digit Ratio He was not wrong. You are. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34713620) |
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Date: November 18th, 2017 11:21 AM Author: Cerebral Self-absorbed Boltzmann Digit Ratio Dat please respond. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34716776) |
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Date: November 20th, 2017 12:04 PM Author: Cerebral Self-absorbed Boltzmann Digit Ratio (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34730886) |
Date: November 16th, 2017 10:41 PM Author: exhilarant lemon den multi-billionaire Libs: Do you have any defense of your fellow lib? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705770) |
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Date: November 16th, 2017 10:42 PM Author: Curious Olive Spot Roast Beef do people who make 30K a year even pay taxes? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705777) |
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Date: November 16th, 2017 10:44 PM Author: exhilarant lemon den multi-billionaire singlemos with no kids pay a tad. Like $1-$2k. If any kids then no. Probably pay negative. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705797) |
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Date: November 16th, 2017 10:51 PM Author: Curious Olive Spot Roast Beef wow, I find it surprising that they'd even pay that.
I mean, even if true, I don't find that all that troubling. first of all, paying 1K on 30K is basically nothing. lets not forget, EVERYONE benefits from Federal Government services...
also, for the majority of productive people, they are not making 30K forever... a lot of that is college students working part time, people starting out... etc... if someone really trying to make it in life is making 30K forever, then a slight tax increase over the 3% they are currently paying, is the LEAST of their problems.
I'm lib, but not sympathetic to people who are just lazy. If you talk to a lot of people in this income range, it's basically people who have jobs at stores or whatever that will tell you they are lazy about picking up shifts, work on average 25 hours a week, etc. etc., yet always seem to have the newest iPhone. |
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Date: November 16th, 2017 10:53 PM Author: exhilarant lemon den multi-billionaire cr (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705891) |
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Date: November 16th, 2017 10:59 PM Author: ebony hot garrison this is a really quite garbage opinion (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705944) |
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Date: November 17th, 2017 12:28 AM Author: talented orchestra pit personal credit line jfc you're dumb. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706676) |
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Date: November 18th, 2017 11:35 AM Author: embarrassed to the bone frum tanning salon tank (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34716826) |
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Date: November 18th, 2017 11:23 AM Author: big lime hissy fit state (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34716781) |
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Date: November 16th, 2017 10:45 PM Author: Fragrant principal's office yeah my lib friends are going on and on about middle class people's taxes going up. Won't doubling the standard deduction be totally awesome for like 90% of middle class folks? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705804) |
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Date: November 16th, 2017 10:46 PM Author: Mind-boggling Meetinghouse Deer Antler No (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705817) |
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Date: November 16th, 2017 10:51 PM Author: Curious Olive Spot Roast Beef yes it will. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705871) |
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Date: November 16th, 2017 10:52 PM Author: Mind-boggling Meetinghouse Deer Antler No it wont (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705879) |
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Date: November 16th, 2017 10:54 PM Author: Curious Olive Spot Roast Beef bullshit. a lot of people (most I believe) take the standard deduction now. doubling it from 12K to 24K will help the vast majority of people. who cares if SALT deductions are repealed if they are taking the standard deduction.
this tax cut probably hurts people in the 100-250K range who live in high tax states.
even people in high tax states making above that will probably benefit by the lower rates because usually AMT phases out SALT anyways. |
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Date: November 16th, 2017 10:55 PM Author: Mind-boggling Meetinghouse Deer Antler It will hurt the middle class and benefit rich people (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705903) |
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Date: November 16th, 2017 10:57 PM Author: Fragrant principal's office lol this is verbatim what my lib friends say, with no justification at all. Maybe a few cites to lib articles making these same conclusions, but I'm still confused how doubling the standard deduction and lowering rates will hurt middle class people. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705925) |
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Date: November 16th, 2017 10:58 PM Author: Mind-boggling Meetinghouse Deer Antler It will hurt the middle class and benefit the very rich. What more is there to say? Are you against the middle class? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705933) |
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Date: November 16th, 2017 10:58 PM Author: Fragrant principal's office lol (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705942) |
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Date: November 16th, 2017 11:24 PM Author: Coral lodge (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706169) |
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Date: November 16th, 2017 11:01 PM Author: Curious Olive Spot Roast Beef most won't see their taxes go up, but some will be hurt for sure, depending on individual circumstances (how much they itemize, their exact income)...
the way they changed the rates was odd too... a lot of the rates are lower but the ranges are different, so some people could see a higher proportion of their salary in a higher rate.
I will they had just did a flat reduction for everyone like the Bush tax cuts.
Like everyone just pays 10% less than what they were paying before on the first 1 million of income.
anyone making over a 1 million in salary probably doesn't need a tax cut. |
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Date: November 16th, 2017 10:56 PM Author: exhilarant lemon den multi-billionaire It won't hurt people in high tax states until they are making above $200k or so. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705916) |
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Date: November 16th, 2017 10:58 PM Author: Curious Olive Spot Roast Beef not necessarily.
if you live in a state with high property taxes and you have a fairly expensive home, it will hurt you.
for instance, lets say you and your significant other do your taxes separately, live in a 800K house and pay 15-20K a year in property taxes. If you are in the 100-200K range in salary (each) then your taxes will probably go up because the cap is now 10K for the property tax deduction.
Above 250K though, it's a wash because the alternative minimum tax phases out your local tax deduction. |
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Date: November 16th, 2017 11:08 PM Author: exhilarant lemon den multi-billionaire Well someone not making $200k shouldn't be living in an $800k house. Or you could just say they are making a HHI of $400k, hence above the $200k amount I said. You should also split the property tax between them if they are doing taxes separately.
But yes, anyone that owns an expensive house like that will be hurt That was meant to be included in the $200k and above parameter. |
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Date: November 16th, 2017 11:51 PM Author: fighting sapphire area round eye Just do fuck over the entire upper middle class to give multibillionaires a tax cut. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706427) |
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Date: November 17th, 2017 12:02 AM Author: Mind-boggling Meetinghouse Deer Antler Is the middle class getting a tax cut or not? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706509) |
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Date: November 17th, 2017 12:06 AM Author: fighting sapphire area round eye Not any part of it that lives on the coasts where housing is expensive and state and local taxes high. Flyover country will see a tax cut. This geographic shit is how civil wars start. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706534) |
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Date: November 17th, 2017 12:10 AM Author: Mind-boggling Meetinghouse Deer Antler I thought it was hurting the UMC of the coastal states? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706564) |
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Date: November 17th, 2017 12:20 AM Author: fighting sapphire area round eye Which is the entire middle class of the coastal states. 50k a year is not middle class in NYC. 50k a year gets you put on a list for state subsidized housing because you cant afford to live here. 50k a year is dirt poor on the coasts. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706622) |
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Date: November 17th, 2017 12:19 AM Author: Ruddy disturbing university trust fund yeah boo hoo people making 200k can only write off the first 500k of a (new) 800k mortgage they actually can't afford (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706620) |
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Date: November 17th, 2017 12:22 AM Author: fighting sapphire area round eye It is a boohoo moment because on the coasts that's a 1200sq foot former crack den row house where you share walls with your neighbors, have no yard or even a parking space worth a damn. These people are not rich by any stretch of the imagination. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706637) |
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Date: November 16th, 2017 11:31 PM Author: henna mexican background story cr but it means that it will hit the obamatard demographic perfectly. 180 (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706236) |
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Date: November 16th, 2017 11:31 PM Author: henna mexican background story so in other words it will hurt most shitlibs/dem voters. 180. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706234) |
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Date: November 16th, 2017 10:54 PM Author: exhilarant lemon den multi-billionaire yeah and the actual tax rates are going down.
It's insane how much they are lying about this. |
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Date: November 16th, 2017 10:56 PM Author: Fragrant principal's office I was trying to do the math and see how middle class taxes would actually go UP under this plan, and I can't see it. Then again, I'm no tax guy (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34705914) |
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Date: November 16th, 2017 10:56 PM Author: Curious Olive Spot Roast Beef well, to be fair, some people will probably get screwed and you can tell who based upon where the 13 Republicans who voted against this live.
basically anyone making 100-250K a year in NY/NJ/CT/CA/DC and a few other high tax states will probably see their taxes go up if they itemize (which most of them probably do).
anyone below 100K probably benefits, especially in red states.
anyone above 250K probably also benefits because AMT is repealed. |
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Date: November 16th, 2017 11:10 PM Author: exhilarant lemon den multi-billionaire Not if they itemize currently but their deductions would otherwise be below the new doubled deduction threshold. Their deduction ends up going up, even though they previously itemized. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706040) |
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Date: November 16th, 2017 11:13 PM Author: fighting sapphire area round eye This is horseshit. A 2% drop in the tax rate isnt going to make up for the loss of the local and state tax deduction or the cap on property tax deductions if you live on the coasts and for proles they lose the ability to deduct health care expenses which for old proles is way bigger than the TTT standard deduction. The only people making out like bandits in this are billionaires. Even run of the mill millionaires will be lucky to come off breaking even on this tax cut. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706082) |
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Date: November 16th, 2017 11:20 PM Author: exhilarant lemon den multi-billionaire Your analysis makes sense if we use your retarded definition of middle class. But in reality, the actual middle class doesn't deduct enough for this to hurt them. For most, even what they previously itemized will still probably fall below the new doubled standard deduction.
But yes, the upper middle class and upper middle class in high income tax states gets fucked.
And for the old poors, they aren't actually paying out of pocket for medical expenses. LMAO |
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Date: November 16th, 2017 11:25 PM Author: fighting sapphire area round eye Not all deductions are itemized deductions. The student loan deduction is not itemized. Thats history now. Need I keep going? The alimony deduction too if you were deducting alimony above the line. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706182) |
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Date: November 16th, 2017 11:30 PM Author: exhilarant lemon den multi-billionaire For most in these less than common circumstances, this will be made up for in their increased standard deduction (even if it was itemized before it could still go up) and lower tax rates.
I do hate the alimony thing though. Theoretically, judges and state law would adjust.
Student loan deduction - you can't use this $2,500 limit deduction if you make more than $80,000 a year anyway. For those that make under $80,000 and use it, there is no doubt that the new standard deduction will make up for it. Even if it was previously above the line it can still be made up for with an increase below the line. |
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Date: November 16th, 2017 11:39 PM Author: fighting sapphire area round eye There are so many of these less than common circumstances that basically everyone actually falls under one or more of them. Very few people are actually that John Q Smith filer who happens to live in a low tax state with low property taxes and who has absolutely no above the line deductions, and who does not itemize too. Basically every person who takes the standard deduction still has some above the line deductions. The assholes who designed this sham know that. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706321) |
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Date: November 16th, 2017 11:50 PM Author: exhilarant lemon den multi-billionaire Yes, but the increased below the line deductions make up for the eliminated abortion be the line if it's larger or equal (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706424) |
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Date: November 17th, 2017 12:00 AM Author: fighting sapphire area round eye Deductions incentivize good behavior like going to school or saving money in an HSA or buying a house to fix up and rent out. The vast majority of this shit isnt about any special interests but about incentivizing obvious good behavior. Killing all this stuff so Ivanka can inherit a solid billion is not a good thing. Sorry. Pretending that upping the standard deduction more than makes up for all these lost deductions in all cases is cute though. It will in some cases, but wont in others. But you are picking winners and losers and you are doing so with no logic. Under the current system we known what activities are being incentivized and they are all good things no one can argue against with a straight face. This new system is just retarded. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706496) |
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Date: November 17th, 2017 12:02 AM Author: Splenetic crotch locus real question here is what income level you start to really benefit from this cut. I've heard mixed things from my UMC friends. It sounds like somewhere in the 400-500 thousand income range is when people start seriously saving money. obviously millionaires will save the most. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706507) |
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Date: November 17th, 2017 12:14 AM Author: exhilarant lemon den multi-billionaire How do you think they'll start saving money at that level? Have you looked at the new tax brackets?
Really only corporate tax rates are going down. A lawyers making $1,000,000 a year will have a large tax increase. |
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Date: November 17th, 2017 8:24 PM Author: Chestnut site bbw I ran the numbers like 12 times and I think the lawyer marking 1mm breaks even. Like it is remarkably close. Definitely not material as a % of income.
They guy making 450k living in Cali who pays alimony is fucked though.
Would be nice if someone did a tax calculator on this. |
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Date: November 17th, 2017 8:33 PM Author: Cerebral Self-absorbed Boltzmann Digit Ratio Tax Foundation usually does this pretty quickly, but they’re dragging their feet this time. I suspect their donor base wants this to pass. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34713554) |
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Date: November 17th, 2017 12:11 AM Author: exhilarant lemon den multi-billionaire I'm pretty sure interest on a house you rent out will still be deductible.
Just admit you are furious your taxes are going up. You wouldn't care about any of this other shit if they weren't. In fact, you'd take the opposite positions if your taxes were going down under the plan. |
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Date: November 16th, 2017 11:21 PM Author: Mind-boggling Meetinghouse Deer Antler Like this? http://xoxohth.com/thread.php?thread_id=3799839&mc=12&forum_id=2#34704843 |
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Date: November 16th, 2017 11:23 PM Author: exhilarant lemon den multi-billionaire Oh no, not the backs of the middle class biglaw senior associates! ljl (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706164) |
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Date: November 16th, 2017 11:29 PM Author: fighting sapphire area round eye And doctors and basically anyone with a brain who actually works for a living and isnt a rent seeking do nothing billionaire or hedge fund asshole living off carried interest which somehow yet again survives. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706213) |
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Date: November 16th, 2017 11:31 PM Author: exhilarant lemon den multi-billionaire Yes all those blue-collar laborers making under $100,000 a year aren't actually working for a living.
You are just mad your taxes will go up. Sorry - maybe move to Mother Russia |
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Date: November 17th, 2017 12:32 AM Author: fighting sapphire area round eye 13% flat tax in Russia. Moving there looks better by the day. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706711) |
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Date: November 16th, 2017 11:32 PM Author: henna mexican background story ljfl at your fantasy world. youre the 1% that most dems want to lynch you idiot
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Date: November 16th, 2017 11:41 PM Author: fighting sapphire area round eye Which is why its all the more shocking that Republicans are going to do the lynching. Trump sticking it basically to every upper middle class bro is stupefying. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706339) |
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Date: November 17th, 2017 8:29 AM Author: grizzly crackhouse immigrant getting rid of personal exemptions will hurt people if they have kids. basically telling poors they shouldn't reproduce, which is actually pretty good policy (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34708110) |
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Date: November 16th, 2017 11:11 PM Author: Concupiscible Brunch Candlestick Maker Anyone else click on this thread excited that deadbeats would finally pay their fair share? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706052) |
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Date: November 16th, 2017 11:11 PM Author: Mind-boggling Meetinghouse Deer Antler Cr (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706060) |
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Date: November 16th, 2017 11:29 PM Author: Garnet Travel Guidebook Hall (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706218) |
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Date: November 16th, 2017 11:31 PM Author: fighting sapphire area round eye They are getting rid of all above the line non itemized deductions too so this hurts many people who never itemized too. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706230) |
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Date: November 16th, 2017 11:31 PM Author: Garnet Travel Guidebook Hall what is your monthly alimony payment? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706239) |
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Date: November 16th, 2017 11:32 PM Author: ebony hot garrison It's not a lie. They move from 12% to 15% (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706252) |
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Date: November 16th, 2017 11:54 PM Author: exhilarant lemon den multi-billionaire Yes, if you are talking about the opposite of what's true. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706460) |
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Date: November 16th, 2017 11:43 PM Author: Mind-boggling Meetinghouse Deer Antler How do th very rich benefit from the plan? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706358) |
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Date: November 16th, 2017 11:47 PM Author: fighting sapphire area round eye No more death tax. Lower corporate tax. 180 rules on pass through entities. Carried interest survives. Nothing changes for tax shelters. Lawyers and doctors are the most fucked because the pass through rules wont apply to professional corps. 100% of ARE earnings get treated like earned income. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706394) |
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Date: November 16th, 2017 11:52 PM Author: Mind-boggling Meetinghouse Deer Antler So when libs say the rich are getting lower taxes, they mean the lower corporate tax rate. That benefits small businesses tho right? (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706447) |
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Date: November 17th, 2017 12:03 AM Author: Splenetic crotch locus people who make very high salaries will also benefit obviously as the top rate was lowered, right? also wasn't the A.M.T. killed? that hits the rich the hardest. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706515) |
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Date: November 17th, 2017 8:28 PM Author: Chestnut site bbw Spends how you define rich. Amt phases out after you hit like 800k or something. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34713533) |
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Date: November 16th, 2017 11:57 PM Author: exhilarant lemon den multi-billionaire Lawyers and doctors should pay normal income tax rates. Just like they were before. And other pass through still will for the most part. Only 30% of income can use the new 25% rate unless it's a non worker shareholder. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706482) |
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Date: November 17th, 2017 12:02 AM Author: fighting sapphire area round eye As if 30% isnt enough and as if there isnt widespread cheating in reporting by small businesses.... (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706508) |
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Date: November 17th, 2017 12:07 AM Author: exhilarant lemon den multi-billionaire Just as much by lawyers (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706549) |
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Date: November 17th, 2017 12:11 AM Author: fighting sapphire area round eye Lawyers cant cheat. Its not a cash business and the revenue all goes through one operating account and one IOLTA account. Theres no room for any kind of tax machinations with the law firm model. Best you can do is keep some money in IOLTA for the next tax year and pretend it was earned later than it was and hope they dont rape you for it in an audit. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706573) |
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Date: November 17th, 2017 12:21 AM Author: exhilarant lemon den multi-billionaire Ljl you need to read the threads on here about deducting every vacation and meal
That's cheating just as much |
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Date: November 17th, 2017 12:27 AM Author: fighting sapphire area round eye Shitlaw solos (60% of lawyers +/-) cant do any of that. No auditor is going to believe they have business lunches with their heroin addicted personal injury clients or that they take business trips. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706670) |
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Date: November 17th, 2017 12:04 AM Author: Splenetic crotch locus why not just do an across the board tax cut? instead of this mish mash. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706519) |
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Date: November 17th, 2017 12:07 AM Author: fighting sapphire area round eye Because they want to stick it extra hard to NYC and CA liberals. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706543) |
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Date: November 17th, 2017 12:08 AM Author: exhilarant lemon den multi-billionaire CRRR. Bitch about that since it's valid. The middle class bullshit isn't (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706554) |
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Date: November 17th, 2017 12:14 AM Author: cracking charcoal haunted graveyard athletic conference The real problem with the middle class shit is most people are getting barely enough of a tax break to take a family of 4 to an NFL game. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706587) |
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Date: November 17th, 2017 12:16 AM Author: exhilarant lemon den multi-billionaire Yea so- they aren't paying much tax anyway. Maybe they'll enjoy the game . A $1000k is a lot to those people. |
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Date: November 17th, 2017 12:25 AM Author: cracking charcoal haunted graveyard athletic conference I don't give a shit about those people. I'm just saying its disingenuous for repubs to act like this is some huge middle class gift because they can say 75% or whatever get a tax cut when it's peanuts. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706662) |
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Date: November 17th, 2017 12:28 AM Author: exhilarant lemon den multi-billionaire But it's not peanuts to them. A family making $100k a year could save like $4k-5k a year (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706673) |
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Date: November 17th, 2017 12:15 AM Author: fighting sapphire area round eye What passes for middle class in flyover country is mostly just poors. Its not middle anything. They are just deluded into thinking they arent gutter trash because they can afford heat and electricity and wifi on their pathetic 40k a year. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706598) |
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Date: November 17th, 2017 12:16 AM Author: Mind-boggling Meetinghouse Deer Antler (Coastal elite) (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706606) |
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Date: November 17th, 2017 12:17 AM Author: exhilarant lemon den multi-billionaire You are a dumb, insufferable faggot and this post was idiotic (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706611) |
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Date: November 17th, 2017 12:24 AM Author: fighting sapphire area round eye No its not. Half this country cant cobble together more than $400 liquid cash and yet they ALL think they are middle class. The plutocrats in this country somehow convinced every wage slave living paycheck to paycheck that they are middle class because they dont qualify for foodstamps. Its hilarious. Middle class means absolutely nothing in America today. Every asshole thinks the middle class begins with them. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706655) |
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Date: November 17th, 2017 12:31 AM Author: exhilarant lemon den multi-billionaire You are seriously insane, even if this non sequitur has some truths (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34706692) |
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Date: November 17th, 2017 8:54 AM Author: Concupiscible Brunch Candlestick Maker He’s dumb not insane (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34708226) |
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Date: November 17th, 2017 7:59 PM Author: laughsome well-lubricated menage legal warrant "Only 30% of income can use the new 25% rate unless it's a non worker shareholder."
Any non-lazy person know how the relevant provision is written?
It's pretty easy to carve up ownership of, for instance, a law firm.
Law Firm LLC could be owned by two members: Individual Lawyer (20%) and Investor LLC (80%), where Investor LLC is owned by Individual Lawyer.
Lawyer would work for Law Firm LLC. Investor LLC would be passive.
Surely it can't be that easy to circumvent the rules.
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Date: November 17th, 2017 8:02 PM Author: exhilarant lemon den multi-billionaire Lawyers doctors etc are excluded and just pay normal income tax on all of it (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34713411) |
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Date: November 17th, 2017 8:05 PM Author: laughsome well-lubricated menage legal warrant Excluded how?
In my example, Investor LLC wouldn't be performing legal services, it would simply own 80% of Law Firm LLC. |
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Date: November 17th, 2017 8:07 PM Author: exhilarant lemon den multi-billionaire I'm sure they have protections for that but I'm not going to research that right now. I know it specifically excluded professional corporations. Also I don't think a law firm can be owned by an LLC. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34713442) |
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Date: November 17th, 2017 8:09 PM Author: exhilarant lemon den multi-billionaire This article explains it well
Looks like any service entity just pays normal personal income tax rates |
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Date: November 17th, 2017 8:32 AM Author: fighting sapphire area round eye .... (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34708126) |
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Date: November 17th, 2017 8:03 PM Author: stimulating quadroon This is god's gift to flyovermo's. That the GOP/Trump is so bad at publicizing this is terribly incompetent on their part. (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34713422) |
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Date: November 17th, 2017 8:08 PM Author: exhilarant lemon den multi-billionaire They are. But the liberal media is just completely misrepresenting it or flat out lying (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34713450) |
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Date: November 20th, 2017 12:07 PM Author: vermilion queen of the night (http://www.autoadmit.com/thread.php?thread_id=3799978&forum_id=2#34730921) |
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Date: November 17th, 2017 8:15 PM Author: Cerebral Self-absorbed Boltzmann Digit Ratio ITT, lots of doods who can’t be bothered to look at JCT’s distributional analysis.
https://www.jct.gov/publications.html?func=download&id=5042&chk=5042&no_html=1 |