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To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
Yet this is the current latest proposed changes to the bill... So I do not see the above being very accurate.
First, for single Individuals:
10%: $0 to $9,525 of taxable income for an individual
12%: $9,526 to $38,700 individual
22%: $38,701 to $82,500 individual
24%: $82,501 to $157,500 individual
32%: $157,501 to $200,000 individual
35%: $200,001 to $500,000 individual
37%: over $500,000 individual
And second, for joint filers:
10%: $0 to $19,050 for married joint filers
12%: $19,051 to $77,400 joint
22%: $77,401 to $165,000 joint
24%: $165,001 to $315,000 joint
32%: $315,001 to $400,000 joint
35%: $400,001 to $600,000 joint
37%: Over $600,000 joint
Under the final version of Republican plan, there would still be seven federal income tax brackets. The brackets proposed are 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
---------- Post added at 22:40 ---------- Previous post was at 22:05 ----------
First, for single Individuals:
10%: $0 to $9,525 of taxable income for an individual (Currently 10% up to $9,325)
12%: $9,526 to $38,700 individual (Currently 15% $9,326 to $37,950)
22%: $38,701 to $82,500 individual (Currently 25% $37,951 to $91,900)
24%: $82,501 to $157,500 individual (Currently 28% $91,901 to $191,650)
32%: $157,501 to $200,000 individual (Currently 33% $191,651 to $416,700)
35%: $200,001 to $500,000 individual (Currently 35% $416,701 to $418,400)
37%: over $500,000 individual (Currently 39.6% $418,401 or more)
So as you can see I have put in the brackets what the current tax brackets are.
If low earner was on $9,500 a year on the current system, they would be in the 15% Income tax bracket. On the new plan, they would not, they would be in the 10% bracket and save $475 in income tax a year.
From the video pip linked to, it's not about the tax bands but about the tax rate applied to dividends. So, if you own the company, it's better to take out money from it in dividends rather than to pay yourself a salary. This is how high earners benefit from the tax changes.
From the video pip linked to, it's not about the tax bands but about the tax rate applied to dividends. So, if you own the company, it's better to take out money from it in dividends rather than to pay yourself a salary. This is how high earners benefit from the tax changes.
But that is still misleading to say the GOP tax bill does not benefit the lower paid worker, who doesn’t have dividends, when it does.
The US rightly vetoes UN Counsel to rescind declaration of recognition of Jerusalem Capital of Israel, telling no country will tell the U.S where it can place is Embassy.
But that is still misleading to say the GOP tax bill does not benefit the lower paid worker, who doesn’t have dividends, when it does.
The US rightly vetoes UN Counsel to rescind declaration of recognition of Jerusalem Capital of Israel, telling no country will tell the U.S where it can place is Embassy.
If Trump can get new supporters to replace his blue collar base then he may be ok for another term but at the moment I can't see him lasting another term.
BREAKING: U.S House of Representatives has just passed President Donald Trump's & Republican Tax Reform bill...
The bill passed on a 227-203 vote.
Now it's on to the Senate.
Where it's encountered problems!
Quote:
Tax reform bill hits snag after House says it will need to revote
The Republican march towards tax cuts hit a hitch on Tuesday as the House of Representatives announced it would have to vote for a second time on the bill just hours after passing it.
Soon after the first House vote, the bill ran into trouble in the Senate, where two provisions fell afoul of that chamber’s strict budget rules, forcing their removal before the senators could proceed, according to a Republican aide.
If the Senate passes the bill in modified form on Tuesday night, it will return to the House for re-approval on Wednesday.
The problematic provisions concerned college savings accounts and an exemption for some universities from an endowment tax.
Clinton's unpopularity rivals Trump's, whose favorability rating remains around 40 percent, a record low for presidents at the end of their first year.
Meanwhile, in Virginia, where the Democrats recently won the Governership, the Democrats have won the 16th seat to tie with the Republicans in the House of Delegates.
NEWPORT NEWS — The balance of power in Virginia’s legislature turned on a single vote in a recount Tuesday that flipped a seat in the House of Delegates from Republican to Democratic, leaving control of the lower chamber evenly split.
The outcome, which reverberated across Virginia, ends 17 years of GOP control of the House and forces Republicans into a rare episode of power sharing with Democrats that will refashion the political landscape in Richmond.
It was the culmination of last month’s Democratic wave that had diminished Republican power in purple Virginia.
Democrat Shelly Simonds emerged from the recount as the apparent winner in the 94th House District, seizing the seat from Republican David Yancey. A three-judge panel still must certify the results, an event scheduled for Wednesday.
__________________ There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it. If my post is in bold and this colour, it's a Moderator Request.
Indeed but it still does not make him Donald much cop either...
But that’s just your opinion. Trump is practically doing, enacting, and fulfilling his campaign promises.
All the crap that’s been thrown at him this year and during the latter part of the election, he just shrugs it off.
This Russian collusion nonsense, is a pile of horse crap, it’s now looking very likely the corrupt Democrats, Crooked Hillary and her campaign are the real collusion gang, paying millions of pounds on a Fake Russian Dossier and the FBI at the time and Justice Department are looking very suspect with some indication that there was an insidious plot to remove the Presidency from Trump if he still won, this is likely the “Insurance policy” a top FBI agent was on about in a text message to his mistress, this is the same agent, Peter Strzok, who had his dirty hands in Crooked Hillary’s Investigation, changed key wording to exonerate her, he was brought in to Special Counsels Robert Meullers team and he even questioned Flynn, eventually being thrown off team when those damning text messages were found.
---------- Post added at 10:55 ---------- Previous post was at 10:53 ----------
Quote:
Originally Posted by Hugh
But is it Fake News?
Meanwhile, in Virginia, where the Democrats recently won the Governership, the Democrats have won the 16th seat to tie with the Republicans in the House of Delegates.