General Discussion

Warpy

(114,555 posts)

51. Working people are going to abandon this doofus by the millions

Fri Apr 28, 2017, 07:19 PM

Apr 2017

when they lose things like the child care tax credit that has been so important to people with children. The medical expense deduction has been cruelly small since Reagan fucked us over so not many people will be affected by that. However, not being able to deduct things like expenses that most families rely on is going to pack one hell of a wallop and it's not going to be directed at Democrats for once.

I think even the Republicans know this and his one page revision of a ten volume tax code is just not going to go any farther than his one page health care "plan" did.

Oh, this is going to be fun to watch, also.

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Wait they're really going to eliminate all deductions besides charity and mortgage? [View all] Johonny Apr 2017 OP

I'm a process server BamaRefugee Apr 2017 #1

Doesn't your milage expense come off your Schedule C dumbcat Apr 2017 #17

I'd have to ask my acccountant! BamaRefugee Apr 2017 #47

Then I would suggest you also ask your accountant dumbcat Apr 2017 #48

"before making comments on things you don't know about" ????? BamaRefugee Apr 2017 #49

Oh Gads! I'm hit! dumbcat Apr 2017 #50

no worries BamaRefugee Apr 2017 #58

LOL! AgadorSparticus Apr 2017 #59

The thing about tax proposals The Velveteen Ocelot Apr 2017 #2

Returning wealth to its rightful owners underpants Apr 2017 #3

The true Wellstone ruled Apr 2017 #4

Is this now going to be... sheshe2 Apr 2017 #8

When was it not? Wounded Bear Apr 2017 #14

So very sad, isn't it. sheshe2 Apr 2017 #18

No trickle! It's an opening for the WhiteTara Apr 2017 #20

"Returning wealth to OUR rightful owners." FIXED. WinkyDink Apr 2017 #24

And here's a hint--their idea of 'rightful owners' and yours are not the same! Maeve Apr 2017 #27

Yup. It's a big middle finger to blue states crazylikafox Apr 2017 #5

this mopinko Apr 2017 #35

Paying for a spouse or a parent's marybourg Apr 2017 #6

Since when was LTC tax-deductible? It wasn't for me, either with my husband in 2014 or my mother in WinkyDink Apr 2017 #26

I don't know why not. It's marybourg Apr 2017 #41

Unless the parent was declared a "Dependent" (and I'm thinking not just in December of the tax year) WinkyDink Apr 2017 #42

This is grade school kind of pie-in-the-sky thinking. randome Apr 2017 #7

Notice how the "Homeowner" protection conveniently does not include MedusaX Apr 2017 #9

Good descriptor of Trump's business model... Wounded Bear Apr 2017 #15

Still screwing the middle class up the ass with a cactus isn't he? n/t CousinIT Apr 2017 #10

That would suck no medical, mileage etc will he lower our tax rate! FloridaBlues Apr 2017 #11

They're "simplifying the tax rate" to three rates at not yet determined income levels... Johonny Apr 2017 #13

Anytime they talk about "simplifying" taxes by cutting brackets they're lying... JHB Apr 2017 #23

You just go to the tax table exboyfil Apr 2017 #29

Can somebody even tell me why we still use a bracketing system? Volaris Apr 2017 #43

Yes, you are missing something. Progressive taxation is based on a "credit" for basic necessities... JHB Apr 2017 #44

55 Minus 10 JHB Apr 2017 #45

I thought the rates were: 15% becomes 25%; 28% becomes 35%, as does 39.6%. WinkyDink Apr 2017 #31

That was one suspicion. Igel Apr 2017 #40

Stupid "postcard tax return" mentality. Ilsa Apr 2017 #12

See #45 above JHB Apr 2017 #46

the only deductions i have are charitable and DesertFlower Apr 2017 #16

The mortgage deduction was stressed as one of TWO deductions remaining, the other's being chari- WinkyDink Apr 2017 #32

I think the standard deduction wants to go to $30k elias7 Apr 2017 #19

Not if a person just bought a middle class house and have prop taxes, 30k wouldn't cover no where... uponit7771 Apr 2017 #21

Um...subject-verb? "the standard deduction wants to go to $30k"---I don't get it. And no standard WinkyDink Apr 2017 #28

individual goes from 6 to 12k ... MedusaX Apr 2017 #30

This message was self-deleted by its author Skittles Apr 2017 #56

Michiganders and Pennsylvanians Are Going to Be Pissed Off, Too Leith Apr 2017 #22

Oh, I AM (PA.). WinkyDink Apr 2017 #33

Those swing states are not the only ones to be angered. Dawson Leery Apr 2017 #57

I heard there is one more major deduction that will stand DFW Apr 2017 #25

Exactly right. CaliforniaPeggy Apr 2017 #34

The middle class are going to be poor. Doreen Apr 2017 #36

Don't forget child care and other dependents. nikibatts Apr 2017 #37

Gone. WinkyDink Apr 2017 #39

It will hurt all the blue states the worst because they're the ones who are willing pnwmom Apr 2017 #38

Working people are going to abandon this doofus by the millions Warpy Apr 2017 #51

No they won't. They've proven that they will continue to vote against their own interests so... Kablooie Apr 2017 #53

Conservative brainwashing radio, that's why sharedvalues Apr 2017 #55

And mortgage deductions are only for people who can afford a mortgage. Kablooie Apr 2017 #52

I would see my taxes go down for sure MichMan Apr 2017 #54