Tax Bill | Page 3

Discussion in 'The War Room' started by sub_thug, Dec 6, 2017 at 4:20 PM.

  1. phipps66 Purple Belt

    phipps66
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    Fixed it to fit my situation. Blue stater who itemizes up in dis.
     
    #41
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  2. sub_thug Red Belt

    sub_thug
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    The challenge will be managing dividends
     
    #42
  3. Gandhi Birdie num nums

    Gandhi
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    Agreed. And at least lenders could look at the leverage of the company and make a decision with eyes wide open as to the risk.

    Here we are saying lets leverage up when any sane economist would say a) its a bad time b) its not the right way

    Rather than build infrastructure during a recession we are redistributing wealth from the poor to the rich during a relative boom.

    Madness, I tell ya.
     
    #43
  4. Quipling Black Belt

    Quipling
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    Out of curiosity, would it be better to buy shares before the tax plan hits or after?
     
    #44
  5. Gandhi Birdie num nums

    Gandhi
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    That is always going to be a crap shoot.

    The question you have to ask is
    a) Do corp see it positive - yes
    b) has that already been factored into the market price - yes
    c) Do you think the plan has a higher chance of being passed than what the market has already factored in? - answer is who fucking knows

    If it passes in the current form or a more corporate friendly form then you will make an increase, sure. If not or in a worse form, you will lose.

    By how much? Hard to say.
     
    #45
  6. Quipling Black Belt

    Quipling
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    I didn't mean in terms of hoping for a price rise. I meant in terms of tax-related issues.
     
    #46
  7. Gandhi Birdie num nums

    Gandhi
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    Same thing

    oh wait you mean as an individual sorry lol

    layman's guess is no impact, if the tax rate on capital gains or estates etc comes down i dont think it matters when you bought
     
    #47
  8. kpt018 Gold Belt

    kpt018
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    Unless there were changes in conference there was no change to the capital gains rates and the estate tax threshold is expected to double.

    We'll see what survives conference.

    @Quipling
     
    #48
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  9. kpt018 Gold Belt

    kpt018
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    Also, if there was serious medicare reform and they repeal the ACA they should actually get rid of the investment tax on capital gains. They'll only benefit you if you have really large gains and I don't support it, but I can see that change happening if Ryan had his way.
     
    #49
  10. Shoemaker ****BOILERPLATE****

    Shoemaker
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    What are the other options? Are people only allowed to have opinions during election season?
     
    #50
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  11. Bloodworth Silver Belt

    Bloodworth
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    Of course people can have opinions, but today people are too obsessed with politics, it's unhealthy.

    Support your president which ultimately makes the country stronger and United.

    If he fails give him his fair lashing , but people can't even wait a year?
     
    #51
  12. KONG-D'SNT-TAP Steel Belt

    KONG-D'SNT-TAP
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    How is you tax rate being reduced?

    There was a thread not long ago where you were complaining about the ACA and that you refused to purchase it because you thought it was expensive for your family.

    @Revolver was in the thread discussing with you as well. You were complaing about a really cheap price for your families healthcare.

    So I don't know what to make of this post.
     
    #52
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  13. Limbo Pete Super Samoderator Belt

    Limbo Pete
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    The hand scribbled add-ons were a big ol red flag there lol
     
    #53
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  14. 7437 Gold Belt

    7437
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    Why? He is fucking up now, not in a year.
     
    #54
  15. Bloodworth Silver Belt

    Bloodworth
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    Economy, stock market and job creation is doing well....
     
    #55
  16. BlacknBlue Blue Belt

    BlacknBlue
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    So just so I am clear as I am following this thread:

    Is the bill bad for investors because it applies a pretty straightforward FIFO rule when selling their stock holdings? Or is the whole bill a handout for investors at the expense of the working class? Which narrative are we supposed to be applying here to go after the bill? Or is it one narrative for one audience and a different narrative for another?
     
    #56
  17. Seano Hands of bone

    Seano
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    It goes from 15% to 12% I believe and much more of my income is non taxed. Child tax credit bump is a drop in the bucket but its another boost.

    I get insurance through my employer. My gripe was how much my coverage costs my employer. More than I would ever spend on health care without insurance, by a huge margin.
     
    #57
  18. aitkenmike White Belt

    aitkenmike
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    No one could possibly see this coming from a secretly drafted, rushed through bill! Why bother with select committees when you can just write unreadable shit in the margin and vote on it.

    https://www.wsj.com/articles/the-ta...ginal-rates-could-top-100-for-some-1512942118

    TL/DR - senate bill has a marginal tax rate of more than 100% at some levels of income in some states. i.e. Over a certain level of income, every $1 you earn costs you more than $1 in tax!
     
    #58
    Last edited: Dec 10, 2017 at 10:12 PM
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