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Italian_in_NYC

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  1. Like
    Italian_in_NYC got a reaction from Dashinka in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    I don't know where you get your economic facts. First of all, the lowest 25% pay nothing in federal income tax. You can't give a break to who already has it best. Actually they did, increasing the refundable part of the child tax credit to $1,400.
    They also increased the standard deduction to $24k for married couples filing jointly. That is a HUGE benefit for lower income families, not to mention the enhanced child tax credit (on which I unfortunately foresee a ton of fraud, like the EIC, just wait and see).
    I don't care where corporate tax breaks go. The point is that no multinational company in its right state of mind would want to move its HQ to the US, now that will change. And I also beg to differ. 100% expensing goes a LONG way towards investments. I can't believe I'm even trying to explain why.
  2. Like
    Italian_in_NYC got a reaction from TBoneTX in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    I was poor too at one point. I could complain about many things, but the tax bill was not certainly one of those.
  3. Like
    Italian_in_NYC got a reaction from Dashinka in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    I am disgusted by the media portraying the SALT deduction elimination (actually decrease and cap) as an outrageous move against high-tax blue states.
    I haven't been able to get a real tax benefit from my (huge) NY and NYC tax bill since I started making 6-figures. Forget about when my wife also started making a good living. It has been taken back by the AMT.
    I actually ran a simulation on my personal situation today and if the new bill were enacted for 2017, I'd pay over $9k less in Federal income taxes. The actual $10k deduction (without the AMT) gives me a much greater tax benefit than the $40k SALT deduction all taken back by the AMT.
    Folks out of the AMT (meaning above it) will be hit in NY, CA, NJ, HI... that's why they lowered the top rate to 37% from 39.6%... to give them some (partial) relief.
  4. Like
    Italian_in_NYC got a reaction from Dashinka in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    As a tax professional (specialized in intl matters nonetheless), I wouldn't care about that.
    I like this bill. The US had (still has, hopefully for only two more weeks) the most archaic and absurd corporate tax code (and rates) for US multinational companies.
    Finally it's moving to a territorial system, just like any other industrialized country. And there are plenty of anti-abuse rules, especially on BEPS.
    Corporate tax systems are a HUGE variable in the country's competitiveness. At 21% we'll be in line with most of our trade competitors, and without the absurd corporate worldwide system (which only produced monsters like MNEs holding $200bn of cash overseas).
    The individual provisions are good for families with kids, as it should be. And not just at the lower level, but also at middle and upper-middle class levels (raising the phase-out threshold at $400k for married couples is a good thing).
    I saw plenty of clients today and over the weekend, most of them in the top 1%. All of them are going to pay more next year. The benefit is only for pass-through owners (not service providers though) with plenty of employees and capital-intensive business, which is a good incentive for the economy.
  5. Like
    Italian_in_NYC got a reaction from Voice of Reason in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    As a tax professional (specialized in intl matters nonetheless), I wouldn't care about that.
    I like this bill. The US had (still has, hopefully for only two more weeks) the most archaic and absurd corporate tax code (and rates) for US multinational companies.
    Finally it's moving to a territorial system, just like any other industrialized country. And there are plenty of anti-abuse rules, especially on BEPS.
    Corporate tax systems are a HUGE variable in the country's competitiveness. At 21% we'll be in line with most of our trade competitors, and without the absurd corporate worldwide system (which only produced monsters like MNEs holding $200bn of cash overseas).
    The individual provisions are good for families with kids, as it should be. And not just at the lower level, but also at middle and upper-middle class levels (raising the phase-out threshold at $400k for married couples is a good thing).
    I saw plenty of clients today and over the weekend, most of them in the top 1%. All of them are going to pay more next year. The benefit is only for pass-through owners (not service providers though) with plenty of employees and capital-intensive business, which is a good incentive for the economy.
  6. Like
    Italian_in_NYC got a reaction from TBoneTX in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    As a tax professional (specialized in intl matters nonetheless), I wouldn't care about that.
    I like this bill. The US had (still has, hopefully for only two more weeks) the most archaic and absurd corporate tax code (and rates) for US multinational companies.
    Finally it's moving to a territorial system, just like any other industrialized country. And there are plenty of anti-abuse rules, especially on BEPS.
    Corporate tax systems are a HUGE variable in the country's competitiveness. At 21% we'll be in line with most of our trade competitors, and without the absurd corporate worldwide system (which only produced monsters like MNEs holding $200bn of cash overseas).
    The individual provisions are good for families with kids, as it should be. And not just at the lower level, but also at middle and upper-middle class levels (raising the phase-out threshold at $400k for married couples is a good thing).
    I saw plenty of clients today and over the weekend, most of them in the top 1%. All of them are going to pay more next year. The benefit is only for pass-through owners (not service providers though) with plenty of employees and capital-intensive business, which is a good incentive for the economy.
  7. Like
    Italian_in_NYC got a reaction from eieio in The Republican tax bill got worse: now the top 1% gets 83% of the gains   
    As a tax professional (specialized in intl matters nonetheless), I wouldn't care about that.
    I like this bill. The US had (still has, hopefully for only two more weeks) the most archaic and absurd corporate tax code (and rates) for US multinational companies.
    Finally it's moving to a territorial system, just like any other industrialized country. And there are plenty of anti-abuse rules, especially on BEPS.
    Corporate tax systems are a HUGE variable in the country's competitiveness. At 21% we'll be in line with most of our trade competitors, and without the absurd corporate worldwide system (which only produced monsters like MNEs holding $200bn of cash overseas).
    The individual provisions are good for families with kids, as it should be. And not just at the lower level, but also at middle and upper-middle class levels (raising the phase-out threshold at $400k for married couples is a good thing).
    I saw plenty of clients today and over the weekend, most of them in the top 1%. All of them are going to pay more next year. The benefit is only for pass-through owners (not service providers though) with plenty of employees and capital-intensive business, which is a good incentive for the economy.
  8. Like
    Italian_in_NYC got a reaction from Ontarkie in CRBA Residency Requirement   
    I think the school records would help a lot (high school and college should be at least 5 years).
  9. Like
    Italian_in_NYC got a reaction from Adam & Dina in Case Complete to Interview January 2018   
    My mom got her interview date today.
    Jan 30, 2018 at 9am.
     
    SD: 10/6/17
    CC: 11/22/17
    Interview scheduled: 11/30/17
    Interview date: 1/30/18
  10. Like
    Italian_in_NYC got a reaction from JolYnn in Case Complete to Interview January 2018   
    Got the interview letter about a hour ago...
    Interview letter dated 12/1/17
    Interview is 1/30/18
     
    CEAC status did not change (still at NVC). I guess since the interview is in two months they won't send the file right away.
  11. Like
    Italian_in_NYC got a reaction from SchoolBus in SAME SEX GETTING MARRIED IN CANADA   
    You are right, but I would thread very lightly on this.
    The applicant lives in a country (of which he is not a citizen and where he has limited civil rights) where homosexuality can be punished by death. He will only spend a few hours in the US Embassy. I totally understand his concerns about applying and getting a visa at the Saudi post.
  12. Like
    Italian_in_NYC got a reaction from Filguy29 in SAME SEX GETTING MARRIED IN CANADA   
    You are right, but I would thread very lightly on this.
    The applicant lives in a country (of which he is not a citizen and where he has limited civil rights) where homosexuality can be punished by death. He will only spend a few hours in the US Embassy. I totally understand his concerns about applying and getting a visa at the Saudi post.
  13. Like
    Italian_in_NYC got a reaction from Feejeegal in NVC Filers - December 2017   
    Just called NVC, they scheduled an interview today for my mom.
    It's 1/30/18 at the US Consulate in Naples, Italy (which works out beautifully with her travel schedule - she is visiting the first two weeks of January).
     
    SD: 10/6/17
    CC: 11/22/17
    Interview scheduled: 11/30/17
    Interview date: 1/30/18
  14. Like
    Italian_in_NYC got a reaction from Y&V6416 in Case Complete to Interview January 2018   
    Got the interview date yesterday over the phone but CEAC status didn’t change and didn’t get an email yet, just FYI.
  15. Like
    Italian_in_NYC got a reaction from Henken23 in Case Complete to Interview January 2018   
    Got the interview date yesterday over the phone but CEAC status didn’t change and didn’t get an email yet, just FYI.
  16. Like
    Italian_in_NYC got a reaction from Mrs. DPK in NVC Filers - December 2017   
    Just called NVC, they scheduled an interview today for my mom.
    It's 1/30/18 at the US Consulate in Naples, Italy (which works out beautifully with her travel schedule - she is visiting the first two weeks of January).
     
    SD: 10/6/17
    CC: 11/22/17
    Interview scheduled: 11/30/17
    Interview date: 1/30/18
  17. Like
    Italian_in_NYC got a reaction from Y&V6416 in Case Complete to Interview January 2018   
    My mom got her interview date today.
    Jan 30, 2018 at 9am.
     
    SD: 10/6/17
    CC: 11/22/17
    Interview scheduled: 11/30/17
    Interview date: 1/30/18
  18. Like
    Italian_in_NYC got a reaction from L&J15 in NVC Filers - November 2017   
    Just called NVC (no wait to talk to a rep!) and they confirmed case was completed as of today, in line for an interview now.
    SD: 10/6
    CC: 11/22
    6 weeks and 5 days, not bad at all.
  19. Like
    Italian_in_NYC got a reaction from L&J15 in Case Complete to Interview January 2018   
    My mom got her interview date today.
    Jan 30, 2018 at 9am.
     
    SD: 10/6/17
    CC: 11/22/17
    Interview scheduled: 11/30/17
    Interview date: 1/30/18
  20. Like
    Italian_in_NYC got a reaction from AG19 in Case Complete to Interview January 2018   
    My mom got her interview date today.
    Jan 30, 2018 at 9am.
     
    SD: 10/6/17
    CC: 11/22/17
    Interview scheduled: 11/30/17
    Interview date: 1/30/18
  21. Like
    Italian_in_NYC got a reaction from Y&V6416 in Case Complete to Interview December 2017   
    CC on 11/22 and as of yesterday no interview for my mom.
    I doubt her Consulate (Naples, Italy) is too busy so I hope an interview gets scheduled any day for January.
  22. Like
    Italian_in_NYC got a reaction from scarlett262004 in NVC Filers - November 2017   
    Just called NVC (no wait to talk to a rep!) and they confirmed case was completed as of today, in line for an interview now.
    SD: 10/6
    CC: 11/22
    6 weeks and 5 days, not bad at all.
  23. Like
    Italian_in_NYC got a reaction from Robin1200 in NVC Filers - November 2017   
    Just called NVC (no wait to talk to a rep!) and they confirmed case was completed as of today, in line for an interview now.
    SD: 10/6
    CC: 11/22
    6 weeks and 5 days, not bad at all.
  24. Like
    Italian_in_NYC got a reaction from She0710 in NVC Filers - November 2017   
    Just called NVC (no wait to talk to a rep!) and they confirmed case was completed as of today, in line for an interview now.
    SD: 10/6
    CC: 11/22
    6 weeks and 5 days, not bad at all.
  25. Like
    Italian_in_NYC got a reaction from Adam & Dina in NVC Filers - November 2017   
    Just called NVC (no wait to talk to a rep!) and they confirmed case was completed as of today, in line for an interview now.
    SD: 10/6
    CC: 11/22
    6 weeks and 5 days, not bad at all.
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