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Sun Dec 17, 2017, 04:51 PM

Question: How long will it take for tax bill if passed to become effective?

I know some say it takes effect January 1, 2018...

But does that mean businesses and people will start using the law in 2018?

And if it really is April of 2019 that the real effects start, then the New Democratic Congress can reverse the damage.

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Reply Question: How long will it take for tax bill if passed to become effective? (Original post)
pbmus Dec 2017 OP
underpants Dec 2017 #1
pbmus Dec 2017 #2
Voltaire2 Dec 2017 #5
pbmus Dec 2017 #7
Voltaire2 Dec 2017 #8
onenote Dec 2017 #9
stuffmatters Dec 2017 #11
onenote Dec 2017 #12
D_Master81 Dec 2017 #3
handmade34 Dec 2017 #10
Voltaire2 Dec 2017 #4
Hoyt Dec 2017 #6

Response to pbmus (Original post)

Sun Dec 17, 2017, 04:53 PM

1. 2018 tax year. Filings in 2019.

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Response to underpants (Reply #1)

Sun Dec 17, 2017, 04:54 PM

2. Then we better vote democrats in 2018...

To reverse the catastrophe...

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Response to pbmus (Reply #2)

Sun Dec 17, 2017, 04:57 PM

5. You can't really reverse the 2018 taxes, at best 2019 taxes,

but that would require a veto override and that is massively unlikely. We are going to be stucj with this until at least 2021.

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Response to Voltaire2 (Reply #5)

Sun Dec 17, 2017, 05:02 PM

7. If the Big Con gets indicted and democrats win majorities

In house and senate....

Why canít we change this catastrophic klusterf...

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Response to pbmus (Reply #7)

Sun Dec 17, 2017, 05:07 PM

8. because we are the sort of fair play idiots who would allow

Pence to take over if Trump exits, or would allow a Agnew->Ford deal as we did in 73.

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Response to pbmus (Reply #7)

Sun Dec 17, 2017, 05:10 PM

9. Because even if Trump is out, his successor will be a Republican who will veto

a rollback of the tax bill.

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Response to onenote (Reply #9)

Sun Dec 17, 2017, 05:31 PM

11. Timing is everything. If Pence & Trump out together could be President Pelosi

Gotta synchronize

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Response to stuffmatters (Reply #11)

Sun Dec 17, 2017, 05:34 PM

12. There is basically no realistic chance of that happening.

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Response to pbmus (Original post)

Sun Dec 17, 2017, 04:54 PM

3. 2018

I've heard February but when you go to file in 2019 for 2018 is when people will really notice

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Response to D_Master81 (Reply #3)

Sun Dec 17, 2017, 05:26 PM

10. will see it in

pay as soon as first of year... taxes taken out of pay will be new schedule... for what that's worth

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Response to pbmus (Original post)

Sun Dec 17, 2017, 04:55 PM

4. 1/1/2018

Yes everyone will have to use it for 2018 taxes, returns filed by 4/15 2019. Withholding etc will Jan 1 assuming it is signed by then.

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Response to pbmus (Original post)

Sun Dec 17, 2017, 04:57 PM

6. Folks' paycheck withholdings would change in early 2018. So most folks will see a reduction soon

unless you adjust your W4, assuming your income is subject to withholding.

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