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Incomming tax relief! #15374155 04/10/25 04:30 PM
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Re: Incomming tax relief! [Re: Bigbob_FTW] #15374186 04/10/25 05:08 PM
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I'm eager to see what will be in the actual legislation, both in terms of spending and tax cuts. $1.5 trillion is $4,500 for every man, woman, and child in America.

Re: Incomming tax relief! [Re: Bigbob_FTW] #15374196 04/10/25 05:20 PM
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probably $250 tax cut if you make $80,000 a year


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Re: Incomming tax relief! [Re: pchapin] #15374197 04/10/25 05:23 PM
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Originally Posted by pchapin
probably $250 tax cut if you make $80,000 a year


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Re: Incomming tax relief! [Re: Bigbob_FTW] #15374208 04/10/25 05:39 PM
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Being on a fixed income, I will appreciate whatever relief we can get. Would love to see some nice checks cut to individual taxpayers.

Re: Incomming tax relief! [Re: Bigbob_FTW] #15374218 04/10/25 05:50 PM
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It's a good start regardless.

Re: Incomming tax relief! [Re: Bigbob_FTW] #15374274 04/10/25 07:32 PM
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This was the House passing the Senate's additions/changes right? So technically it doesn't need to go back to the Senate, it should go directly to POTUS to sign?


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Re: Incomming tax relief! [Re: Bigbob_FTW] #15374283 04/10/25 07:38 PM
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Originally Posted by Bigbob_FTW
Originally Posted by pchapin
probably $250 tax cut if you make $80,000 a year


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I based the $250 on how much I got the last time.


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Re: Incomming tax relief! [Re: Bigbob_FTW] #15374302 04/10/25 08:10 PM
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Sure hope they reduced Capital Gains.


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Re: Incomming tax relief! [Re: Bigbob_FTW] #15374306 04/10/25 08:15 PM
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They need quit giving money to those who don't pay. Those of us in the middle class get hosed every time we get paid.

Re: Incomming tax relief! [Re: Tritonman] #15374308 04/10/25 08:16 PM
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Originally Posted by Tritonman
This was the House passing the Senate's additions/changes right? So technically it doesn't need to go back to the Senate, it should go directly to POTUS to sign?


It’s a framework which gives an amount within which various spending bills must fit. The actual spending bills will be in the headlines for quite awhile to come.
Most importantly it will only require a majority in the house and 51 votes in the senate.

Re: Incomming tax relief! [Re: Bigbob_FTW] #15374323 04/10/25 08:29 PM
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Not taxing Social Security benefits would be HUGE in this household.

Re: Incomming tax relief! [Re: Bigbob_FTW] #15374335 04/10/25 08:43 PM
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clap clap clap


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Re: Incomming tax relief! [Re: Bigbob_FTW] #15374353 04/10/25 09:11 PM
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I'm with jcg57...not taxing social security would be a BIG help to me....but you know they won't do that because the rich guys will get all the tax breaks...that's how the DC game is played.

It would be nice to be proven wrong tho...

Re: Incomming tax relief! [Re: Techfisher] #15374365 04/10/25 09:34 PM
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Originally Posted by Techfisher
I'm with jcg57...not taxing social security would be a BIG help to me....but you know they won't do that because the rich guys will get all the tax breaks...that's how the DC game is played.

It would be nice to be proven wrong tho...







The top 1% of earners in the United States pay a significant portion of federal income taxes. According to the latest available data from the IRS for tax year 2022, the top 1% of taxpayers—those with an adjusted gross income (AGI) of $663,164 or more—paid 40.4% of all federal individual income taxes collected. This figure reflects their share of the $2.1 trillion in total income taxes paid that year.


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