Can we, as Arkansans discuss this tax reform bill

It helps me ...so it could only help the program.

Mfj standard deduction is 24k now. That means even more people will take the standard deduction. You have to itemize before charitable deductions count

I don't see any way that keeping more of my money is ever a bad thing. The only people against this are the same folks who would prefer socialism or hate the President.

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It'll end up as a tax hike for most Arkansans, so it's a pretty bad thing.

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Thought you were a progressive?

Please give your reasoning for this being a tax hike, not the talking points CNN gives you but a true financial explanation.

Basically from what I understand the provisions for middle income earners ends in 8 years, so it will decrease taxes for that time period but it will end up raising % taxes for most of the middle class in about a decade. This isn't SJW bs, it's basically universally accepted among economists that's what's going to happen

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Basically from what I understand the provisions for middle income earners ends in 8 years, so it will decrease taxes for that time period but it will end up raising % taxes for most of the middle class in about a decade. This isn't SJW bs, it's basically universally accepted among economists that's what's going to happen

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Since when is 25-30% most?

Any tax cut will have an end date, but they can be extended. Do you really think the party in power in 2027 will let the cut expire?

Please mods, move this to the Poli board


TIA

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I need a little clarification on this number. Do you mean 25-30% of the middle class or 25-30% of all taxpayers?

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Middle Class

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If it's the Republicans hell yeah, they'll come after SS next, in order to reduce the deficit and not have to re-adjust the corporate tax rate

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This scare tactic has been used for as long as I can remember. Seniors will be eating dog food. Millions will die in the streets

the only real difference it may make is that.. if I am correct, and it may have changed.. But, at one point gifts to athletic foundations were not longer going to be tax deductible. So a BM donor would lose that % of write off/deduction.. Is this still correct?

as for the rest of it, I am afraid that SS will be hit soon. As long as we have paid into the program, we should get the benefits. It truly is close to insolvent in the coming few years

All I can go off of is pure speculation but my opinion of the new tax bill comes down to.

1) Will my employer's new windfall become my own? E.G. My boss comes up to me and says I got to keep more of my money and now I want you to have some of that money.

2) I get the opportunity to actually read the damn thing.

3) This year's tax return compared against last year's.

I'm am firmly in the middle class and both sides of the aisle have a history of fricking me so I'm not going to hold my breath on this benefiting me direct.