Don't worry, this will be the easiest tax bill to defeat in history
Let's get right into it:
Besides incorporated businesses, the largest beneficiaries by far of this bill will be married couples with income between $480,050 and $1 million annually. That income will go from being taxed at 39.6% to 35%, a 13.1% tax decrease. And not coincidentally, that is the largest band in the whole scale (I mean, other than "over $1 million," obviously).
People making between $0 and ~$18,000 per year will actually see their tax rate INCREASE (!!!) from 10% to 12% (heartless pricks).
No more $7,500 tax credit for purchase of electric automobiles (that was one for the mouthbreathers).
I really can't talk about the estate tax. It just defies logic.
All of the above is total horseshit. But what's really going to crash this bill is the coordinated opposition on the part of the home builders and realtors. The Republicans were so desperate to give money away to top earners and dead rich people that they raided a massive market that has broad participation.
DOA
= new reply since forum marked as read
