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Edited by Archangel:
12/20/2017 10:01:36 AM
15
Congratulations America, You're Screwed.
Senate Republicans have just taken what quite probably the biggest, most significant shit on the middle class in history.
The Tax bill AKA Tax Scam has now passed.
Observing from down under, and looking how this bill practically had study after study proclaiming that it will be a massive giveaway to the rich while robbing you blind, it is virtually guaranteed this is going to hit you hard, with worldwide ramifications, bigly!
Worst of all, this is gonna hit those who voted for these con men the hardest.
Get ready folks, Recession inbound! It'll be the Great Depression on steroids.
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It's pretty hard to trust anyone who tells me how this new tax bill affects me. So much misinformation out there. No way I'm going to trust anyone who suffers from the Trump-Derangement Syndrome.
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1 ReplyEssentially the death of the republican party. I never voted on party lines before, but i sure af will now. Im only interested in screwing every republican out of any office at this point, even for a goddamn county treasurer seat.
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1 ReplyWho cares anymore the internet is ruined no point for the future
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My father and I are thankful for this tax bill. We'll both pay less in personal taxes, and our business will pay less. We've already began discussing hiring a couple workers as a result. Yeah, recession inbound, sure. [spoiler]Thanks, Trump.[/spoiler]
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Another fear mongering post by someone who has no clue what the tax bill entails.
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https://www.kotaku.com.au/2017/03/a-look-back-at-some-of-the-games-australia-has-banned/
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6 RepliesCan you guys legally buy a slingshot yet?
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Celebrities here have been decrying the bill saying that it -blam!-s the poor... and celebrities here would know all about -blam!-, wouldn’t they?
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Edited by TexasJedi_705: 12/20/2017 4:10:08 PMOh no! Whatever shall we do?!
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Watch when this doesn't happen lol
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7 RepliesEdited by Coastal Elite: 12/20/2017 3:06:36 PMMost Americans will see a tax cut, thanks to lower base rates, a doubled standard deduction (which ~70% of households take), and a child tax credit that is higher and more refundable. These cuts all expire in 2025, but Republicans are assuming Democrats will extend them so they're not responsible for increasing everyone's taxes. Wealthy people in high-tax and high-home-value areas (see: coastal elites) may end up paying more, because their deductions for state and local taxes and mortgage interest are capped. Anyway, those things are not the most important parts of the bill IMO. This bill is a business tax cut that also happens to have some other things thrown in. The bet is that cutting taxes for corporations and other businesses will lead to massive investment in America, and thus hiring and wage growth. This is obviously the subject of some controversy. Apart from that, cutting the individual mandate is a really big deal. As is the way that Republicans plan to pay for this bill, which is by cutting welfare programs-- which is how the poor really end up getting hurt.
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Oh god
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Edited by gallp13: 12/20/2017 12:10:51 PMIn the Exec suite.......oh boy we just got more coin should we 1. Increase workers wages 2. Increase management salaries 3. Increase owners dividends Hmmmmm........ who did you vote for 😉
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2 RepliesIt will be interesting to see what happens in few years when temporary middle class cuts expire.
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Bump.
