Big tax cut coming !

Originally posted by: tom

Check the tax tables, unchanged. 


As I said, it was designed to fool people like you, and it did. There are indeed dozens of changes (to be fair, there are such changes almost every year). And no, I'm not going to point them out for you.

 

The major changes are to the rules regarding what deductions, exemptions, and credits you can take. I'd explain them in detail, but I'm sure you wouldn't understand and would rather live your Trump-worshipping fantasy anyway.

Republicans did exactly what they promised with individuals and the exact oppossite with corporations.

 

Individuals mostly get a reduced rate while eliminating most of the deductions.   The net result was a negligble difference in taxes paid - but a much simpler process to file

 

Contrarily, Corporations got also got a  reduced rate ...but they got to keep all of their deductions too.   So instead of corporations paying an effective tax rate of 20% they pay half that....with nearly 1 in 5 of all S&P 500 companies paying no Federal Income tax at all.

 

So when Donny Treason tells you how much less money you are paying in taxes you need to understand that by "you" he means "him".    

So Kevin has no answer. 

Originally posted by: tom

So Kevin has no answer. 


None that you're able to understand, apparently.

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