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In response to "Do we know what the tax brackets are in this abomination? -- nm" by ty97

WaPo: Here's what's in it -- (link)

Posted by Strongbad (aka Rambler14) Dec 2 '17, 09:05

(No message)

Lower taxes for most Americans — until 2026 (www.washingtonpost.com)

Responses:

[deleted]
Deferring the pain of a huge deficit until another administration. That’s basically how Bush got screwed by Reagan’s tax cuts. -- nm - Mop Dec 2, 09:27
Not sure I buy their claim about 'most' but either way, no tax brackets in the article. -- nm - ty97 Dec 2, 09:15 17
- This article has the Senate brackets -- (link) - ty97 Dec 2, 09:19 16
  - Here are the Senate vs House brackets which are actually quite different (who knows what the final will look like) -- (link) - ty97 Dec 2, 09:29 15
    - Where is spamlet when we need him? - ReluctantCynic Dec 2, 10:54 3
      - I wonder if he ran off to Atlanta for the weekend too? -- nm - ty97 Dec 2, 11:14 2
        
        I'm not sure that Atlanta would be far enough for him. -- nm - ReluctantCynic Dec 2, 11:26 1
        
        off to KL again it is! -- nm - ty97 Dec 2, 11:26
    - A simple basic question not answered by any of these articles: when would this take effect for individuals? -- nm - Max Dec 2, 09:35 1
      - I believe ST told me 2018 tax year for individuals (so the taxes you fill out in early 2019) -- nm - ty97 Dec 2, 09:57
    - Those Senate brackets sure do look like a "most" to me. -- nm - Strongbad Dec 2, 09:31 8
      - We just talked about this. -- nm - David Dec 2, 10:11 3
        
        WaPo is a "garbage website" now? -- nm - Strongbad Dec 2, 12:17 2
        
        You're giving into your lesser demons. You know precisely what this tax deal is. -- nm - David Dec 2, 13:55 1
        
        Since the final bill hasn't been released, I'd argue nobody does. -- nm - Strongbad Dec 2, 14:20
      - If taxable income remains the same sure, but considering the other changes, it won't for many people. - ty97 Dec 2, 09:54
      - The key is what deductions are in use. - Will Hunting Dec 2, 09:32 2
        
        Yeah, the difference between the marginal rate and effective rate will be key. - TWuG, neck model Dec 2, 10:34 1
        
        It's the very common mistake people make. They see the brackets and think that defines everything. - ty97 Dec 2, 10:42

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