Tax Cuts and Jobs Act | Page 18

Discussion in 'The War Room' started by Lubaolong, Nov 2, 2017.

  1. Limbo Pete Super Samoderator Belt

    Limbo Pete
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    I didn't know pod people could feel emotion
     
    #341
  2. Lubaolong A natural consequence of gamma radiation

    Lubaolong
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    There are a few ways they can work around this.

    1. You school could give out money that's not contingent on your status as an employee or only leave a small chunk of your stipends contingent on teaching or whatever your do.

    2. Your school could reduce tuition to a more reasonable amount.

    3. They can increase your stipend to cover the cost of increased taxes.

    4. Any combination of the above.

    It's not that hard. They'll figure something out. Colleges are not going out of business. Take a deep breath.
     
    #342
  3. kpt018 Gold Belt

    kpt018
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    Just having fun with a common sentiment among regular folks who push for low taxes on big corporations and high income individuals. I don’t know or care what you do for a living.

    Just feel compelled to point out many physicians will see their taxes rise.
     
    #343
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  4. Limbo Pete Super Samoderator Belt

    Limbo Pete
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    Why would colleges be going out of business?
     
    #344
  5. Lubaolong A natural consequence of gamma radiation

    Lubaolong
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    It looks like a minority from the pdf you posted.
     
    #345
  6. Lubaolong A natural consequence of gamma radiation

    Lubaolong
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    That's the headline that a lot are running with (Tax Plan Will Harm Higher Education, The GOP Tax Plan Will Destroy Higher Education, Tax Plan Threatens Higher Ed, Graduate students are worried--and they should be, etc). I think the sky is not falling. The world is not coming to an end. Everything will be ok.
     
    #346
  7. Limbo Pete Super Samoderator Belt

    Limbo Pete
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    Of course the sky isn't falling lol
    But just because this isn't a world-shattering calamity doesn't make it ok. Graduate students absolutely should be concerned because our taxable income is going to take a big jump on paper.
     
    #347
  8. Lubaolong A natural consequence of gamma radiation

    Lubaolong
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    Colleges aren't going to shut down their grad schools. Education is a business. They'll make adjustments to keep the big wheel turning.
     
    #348
  9. kpt018 Gold Belt

    kpt018
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    Yes, but the 9% seeing increases is way to high if we’re talking about cuts for the rich. And that’s overall. I remember reading it can be as high as 30% for upper middle class folks.
     
    #349
  10. Limbo Pete Super Samoderator Belt

    Limbo Pete
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    {<huh}
     
    #350
  11. K1levelgrappler Brown Belt

    K1levelgrappler
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    Yeah this bill really fucking sucks

     
    #351
  12. PolishHeadlock Putin Belt

    PolishHeadlock
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    This is pretty interesting @kpt018 @Jack V Savage

    https://www.lexology.com/library/detail.aspx?g=46b0281b-3ede-4fc3-840a-322cc48565a4

    The current IRS code disallows Compensation of $1M for the top 5 Executives that isn't performance based.

    This is one of the reasons that these guy are paid in Stock instead of salary because the company would take a 35% hit on their compensation.

    Both bills seem to be eliminating the "Performance Based" language and limiting the deductibility in any Compensation over $1M for the top 5 Executives in any form.

    I wonder how companies are going to respond with this.
     
    #352
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  13. afrdzak Brown Belt

    afrdzak
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    I will pay more under this plan. And honestly, I'm ok with the idea of me paying more.

    BUT:

    I am not ok with paying more so that people in better financial positions than myself can pay less....which is what is happening here.
    I'd pay more so those less fortunate could receive more benefits and pay less. Unfortunately, that isn't how this is looking to shake out.
     
    #353
  14. HatchetHarry White Belt

    HatchetHarry
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    Why does this bill suck? Medicare and Medicaid both need to be cut big time and this is a great start. I'd like to see a complete elimination of Medicaid eventually and it kind of upsets me that this bill doesn't go after that but at least this is some progress at fixing tax inequality.
     
    #354
  15. kpt018 Gold Belt

    kpt018
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    Thanks for sharing man. I saw that Silicon Valley, among other startup hotbeds, are going apeshit over the piece in the new bill that would require employees to expense options as they vest instead of when exercised. I wonder if that will get killed, in light of the above as well.

    Interesting stuff (at least to us finance geeks).
     
    #355
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  16. Jack V Savage Funklord of the USA and the Nicest Guy on Sherdog

    Jack V Savage
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    That was killed already.

    http://www.latimes.com/business/la-fi-tax-bill-stock-options-20171115-story.html

    That one had me sweating.
     
    #356
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  17. kpt018 Gold Belt

    kpt018
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    #357
  18. HatchetHarry White Belt

    HatchetHarry
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    People in better financial positions than you are there for a reason and they pay too much. Why do you want the "less fortunate" to receive more benefits for being deadbeats? How about everyone pays their fair share and stops blaming those with work ethic?
     
    #358

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