The Republican tax bill got worse: now the top 1% gets 83% of the gains

[smilesammich 10,727]

4 minutes ago, Italian_in_NYC said:

How does the cool aid taste?

I like wine more, sorry.

laugh now, cry later i suppose.

[Italian_in_NYC 259]

7 minutes ago, LionessDeon said:

You are right on target.  My Ohio senator Sherrod Brown made a live video last night about this exact thing.  He said the hallway to

Mitch McConnells office was filled

with lobbyists and big corporate advisors taking turns going into his office. They stand to benefit the most from this. It is not reform  to truly help the middle class 

How can a State elect a (very) brilliant Senator (Portman) and a buffoon (Brown)? It's really mind-boggling.

[Italian_in_NYC 259]

2 minutes ago, smilesammich said:

laugh now, cry later i suppose.

I'll laugh all the way to the bank when my tax return next year shows $9k less in federal tax liability.

[smilesammich 10,727]

1 minute ago, Italian_in_NYC said:

I'll laugh all the way to the bank when my tax return next year shows $9k less in federal tax liability.

yeah, that was my point.

[Italian_in_NYC 259]

Just now, smilesammich said:

yeah, that was my point.

And what is exactly your point?

I'm reading only the uber-rich and wealthy corporations will get tax cuts, I'm reading horrible things. I'm a simple tax guy and I just ran my 2017 return with the new laws and it shows $9k less. I'm not a wealthy corporation and I'm not quite uber-rich, so definitely something I'm reading is not right.

[smilesammich 10,727]

44 minutes ago, Italian_in_NYC said:

And what is exactly your point?

I'm reading only the uber-rich and wealthy corporations will get tax cuts, I'm reading horrible things. I'm a simple tax guy and I just ran my 2017 return with the new laws and it shows $9k less. I'm not a wealthy corporation and I'm not quite uber-rich, so definitely something I'm reading is not right.

laugh now cry later. maybe read some aesop. i dunno what to tell you...

and no one is saying only the uber rich and wealthy are getting tax cuts. better hoard those crumbs.

[Italian_in_NYC 259]

2 minutes ago, smilesammich said:

 

and no one is saying only the uber rich and wealthy are getting tax cuts.

mmm, not sure. I recall watching 48 elected officials saying that over and over yesterday night during the Senate debate.

[smilesammich 10,727]

8 minutes ago, Italian_in_NYC said:

mmm, not sure. I recall watching 48 elected officials saying that over and over yesterday night during the Senate debate.

maybe it's the wine you're drinking?

[Amica Nostra 4,803]

1 hour ago, Italian_in_NYC said:

I am an international tax principal at a top 50 accounting firm. I know the international provisions of the tax code like the back of my pockets (unfortunately, that's my line of business). Do you have any idea of how archaic and anti-business is our current corporate tax code? We're (not for long) the only industrialized country with a corporate worldwide taxation system. And with the highest marginal tax rate. That's a big reason (if not the only one) why there were many corporate inversions in the past decade.

But hey at least we are not Europe as you said 

 

"Most Europeans countries have high VAT to finance low corporate rates. Then they overtax the individuals. Ehm, no thanks. This is exactly why I came to the US to work almost 20 years ago. Also we have States here, with their own budget and their own tax systems. Almost no one has that in Europe."

[Italian_in_NYC 259]

14 minutes ago, Il Mango Dulce said:

But hey at least we are not Europe as you said 

 

"Most Europeans countries have high VAT to finance low corporate rates. Then they overtax the individuals. Ehm, no thanks. This is exactly why I came to the US to work almost 20 years ago. Also we have States here, with their own budget and their own tax systems. Almost no one has that in Europe."

Our individual taxation system is much better than most Western European countries.

17 minutes ago, smilesammich said:

maybe it's the wine you're drinking?

I wish I had more yesterday. It would have made it even more entertaining.

[jayjayj 571]

1 hour ago, Italian_in_NYC said:

And what is exactly your point?

I'm reading only the uber-rich and wealthy corporations will get tax cuts, I'm reading horrible things. I'm a simple tax guy and I just ran my 2017 return with the new laws and it shows $9k less. I'm not a wealthy corporation and I'm not quite uber-rich, so definitely something I'm reading is not right.

Regressive leftists very rarely have a point.  They often times revert to screaming at the sky.  If they do try to make a point, it is normally the party line given to them by the liberal mainstream media to parrot.  

[jayjayj 571]

36 minutes ago, smilesammich said:

laugh now cry later. maybe read some aesop. i dunno what to tell you...

and no one is saying only the uber rich and wealthy are getting tax cuts. better hoard those crumbs.

That is all the regressive leftists are saying.  Which alternate reality timeline have we entered now?  

[smilesammich 10,727]

1 minute ago, jayjayj said:

Regressive leftists very rarely have a point.  They often times revert to screaming at the sky.  If they do try to make a point, it is normally the party line given to them by the liberal mainstream media to parrot.  

good job, reads just like the_donald!

[jayjayj 571]

Just now, smilesammich said:

good job, reads just like the_donald!

You really are triggered by The_Donald aren't you?  A lot of nerves are being struck tonight.

[smilesammich 10,727]

Just now, jayjayj said:

That is all the regressive leftists are saying.  Which alternate reality timeline have we entered now?  

https://www.npr.org/2017/12/15/571258698/chart-how-the-new-version-of-the-republican-tax-bill-would-affect-you