I have been running some numbers...more numbers.....adding more numbers

[Angry Dragon]

Single making $40,000 per year for 2017 and 2018

tax bill for 2017 would be $3488
tax bill for 2018 would be $3360
$128

less than $2.50 per week...........such a HUGE windfall


Married couple making $60,000 (medium income). 2017 taxes. $60,000 minus $20,800 equals $39,200. $1905 (10%) plus $3023 (15%) total $4928 for 2017. $60,000 minus $24,000 equals $36,000 times 12% equals $4320 for difference of $608. Better. Less than $11.75 per week. Another huge windfall.

Married With Children. With 7 children because Tom thinks everyone should have 7 children. Making $90,000. $90,000 minus $12,700 equals $77,3000 minus $28,350 equals $48,950. $1905 (10%) plus $4485 (15%) equals $ 6390 2017 tax bill. $90,000 minus $24,000 equals $66,000 times 12% equals $7920 2018 tax bill. Difference of +$1530. Adding in the child tax credit for 2017 would reduce the tax bill to $0. For 2018 the tax bill would be $0. Nothing gained from the new tax cut.

[The Velveteen Ocelot]

1. Maybe you can buy a small cup of coffee

at a local coffee shop (I think Starbucks costs more) every Saturday morning. Awesome. Congratulations.

[exboyfil]

2. Another number for you

$1.5T over 10 years means each adult (roughly 230 million) incurs an additional federal debt of $650/yr. Over ten years another $6,500.

[el_bryanto]

3. holy crap I'll finally have enough money to get that extra bag of M&Ms.

All this time I've felt that my life had insufficient M&Ms and here comes the government to fix that problem! By, you know, continuing to ignore our huge infrastructure problems, diverting funds away from regulation that protects me, and leading us to the break of nuclear annihilation (in fairness that last one doesn't have anything to do with the tax plan, just seems to be an on going theme with the Trump Cabal).

Thank you Republican Congress!

Bryant

[ret5hd]

12. Make sure you don't accidentally get Skittles...

people have died for that mistake.

[NCTraveler]

4. Thats not including increased expenses directly..

Related to taxes. Cost increases from the manipulation of distributions afforded by the ACA, for example. They are increasing taxes or removing subsidies(taxes) for the most vulnerable among us.

[dchill]

5. That's not enough for my booze and women!

[ret5hd]

6. Obviously you will need cheaper booze and cheaper women.

[dchill]

9. Yeah... Already there.

[Angry Dragon]

10. I did LOL ....thanks

[YessirAtsaFact]

7. I think my bill goes up, maybe by $1500

I live in VA and pay 5.75 % state income tax and own a home. We itemize.

Losing the state income tax write off is going to hurt.

[Angry Dragon]

11. I am writting a letter to my repub rep and throwing these number at him

[Thor_MN]

8. Individuals making those amounts are not people to the GOP.

They are only concerned about Corporate "people".

[Angry Dragon]

13. but they voted for the weasels

[Angry Dragon]

14. KICK