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Thread: Tax Bill Passes in House and Senate...

  1. #25

    Default Re: Tax Bill Passes in House and Senate...

    Trump signs GOP tax plan and short-term government funding bill on his way out of town
    https://www.cnbc.com/2017/12/22/trump-signs-gop-tax-plan-short-term-government-funding-bill.html

    Will the IRS department in charge of publishing withholding tables encounter a technical reason that delays publishing new ones?

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  3. #26

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    Default Re: Tax Bill Passes in House and Senate...

    Quote Originally Posted by Warrenlm View Post
    Trump signs GOP tax plan and short-term government funding bill on his way out of town
    https://www.cnbc.com/2017/12/22/trump-signs-gop-tax-plan-short-term-government-funding-bill.html

    Will the IRS department in charge of publishing withholding tables encounter a technical reason that delays publishing new ones?
    They should already be working on it & they have an extra week to figure it out. There shouldn't be any reason it shouldn't be done the first week of 2018 but nothing would surprise me. Apparently they were able to do it the same day as legislation was done back in 2013 https://www.irs.gov/newsroom/irs-pro...dance-for-2013

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  5. #27

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    Default Re: Tax Bill Passes in House and Senate...

    Quote Originally Posted by Jackbnimble View Post
    Off topic, but have you ever heard of the Faulk Monster(sp)? What do you think about it?
    Yeah, the Fouke monster. Used to hunt and fish around Mercerís Bayou and the Sulphur River. Never saw it, but knew a few folks that would swear it existed. Including one man, an old river boat captain, that lived alone on Mercerís Bayou.


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  7. #28

    Default Re: Tax Bill Passes in House and Senate...

    Additional standard deductions for seniors 65 and older was added back to the new tax bill. https://www.msn.com/en-us/money/taxe...4wv?li=BBnbfcN

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  9. #29

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    Default Re: Tax Bill Passes in House and Senate...

    Quote Originally Posted by Scout333 View Post
    Additional standard deductions for seniors 65 and older was added back to the new tax bill. https://www.msn.com/en-us/money/taxe...4wv?li=BBnbfcN
    Every little bit helps.
    Links Crude Settle $63.55 02-23-2018
    +$.78 Gain




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  11. #30

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    Default Re: Tax Bill Passes in House and Senate...

    Quote Originally Posted by Scout333 View Post
    Additional standard deductions for seniors 65 and older was added back to the new tax bill. https://www.msn.com/en-us/money/taxe...4wv?li=BBnbfcN
    Hope that doesn't mean they will mess with our Medicare.
    May the force be with us.

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  13. #31

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    Default Re: Tax Bill Passes in House and Senate...

    The only place I see less deductions for me is in SPALT. I cap immediately on my State tax.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

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  15. #32

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    Default Re: Tax Bill Passes in House and Senate...

    Quote Originally Posted by nasa1974 View Post
    Hope that doesn't mean they will mess with our Medicare.
    NOPE!
    Links Crude Settle $63.55 02-23-2018
    +$.78 Gain




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  17. #33

    Join Date
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    Default Re: Tax Bill Passes in House and Senate...

    This is part of an article that was in todays local paper "The Cleveland Plain Dealer"

    "...Goldman's research follows on the heels of a Morgan Stanley report last week that looked at what 556 companies are likely to do with their tax savings. The survey found 43 percent intend to fatten dividends and share buybacks. The next most popular use of the tax money is likely to be mergers (19 percent said this). Only 17 percent anticipate more capital spending and only 13 percent think higher wages are likely. A Bank of America survey in August of over 300 companies found similarly pessimistic expectations for how the tax savings would likely be used..."

    Not sure how the tax plan really helps folks like us other than maybe making a little more money for our TSP's
    May the force be with us.

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  19. #34

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    Default Re: Tax Bill Passes in House and Senate...

    I believe most Americans are less worried about what companies do with there tax savings than how the tax cuts affect there personal bottom line when they get their paycheck. I know my check was noticeably more since the new tax cuts took affect.
    I certainly hope corporations use realized tax savings to boost employee pay were warranted. But, I'll take an increase to my paycheck any day simply from a tax cut, and smile all the way to the bank.

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  21. #35

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    Default Re: Tax Bill Passes in House and Senate...

    From what I can tell the tax cut is going to save me $128.84 a month. Not bad. How that relates to tax time for 2018 I guess I will have to wait.

    But to be honest I would have no problem not getting an extra $1546 for 2018 and have Congress do the right thing and start reducing the $20T debt and not add another $1-2T this year to our debt.
    May the force be with us.

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  23. #36

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    Default Re: Tax Bill Passes in House and Senate...

    I agree wholeheartedly nasa1974.
    A balanced budget amendment is long overdue, as well as, term limits. Itís a proven fact we canít trust our elected officials to act in a fiscally responsible manner. This a problem on both sides of the aisle, and has been for decades.
    Theyíre going to have to be forced to stop spending money they donít have.


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