Italian_in_NYC

How can a State elect a (very) brilliant Senator (Portman) and a buffoon (Brown)? It's really mind-boggling.

And what is exactly your point?
I'm reading only the uber-rich and wealthy corporations will get tax cuts, I'm reading horrible things. I'm a simple tax guy and I just ran my 2017 return with the new laws and it shows $9k less. I'm not a wealthy corporation and I'm not quite uber-rich, so definitely something I'm reading is not right.

I'll laugh all the way to the bank when my tax return next year shows $9k less in federal tax liability.

How can a State elect a (very) brilliant Senator (Portman) and a buffoon (Brown)? It's really mind-boggling.

How can a State elect a (very) brilliant Senator (Portman) and a buffoon (Brown)? It's really mind-boggling.

How does the cool aid taste?
I like wine more, sorry.

I am an international tax principal at a top 50 accounting firm. I know the international provisions of the tax code like the back of my pockets (unfortunately, that's my line of business). Do you have any idea of how archaic and anti-business is our current corporate tax code? We're (not for long) the only industrialized country with a corporate worldwide taxation system. And with the highest marginal tax rate. That's a big reason (if not the only one) why there were many corporate inversions in the past decade.

I watched the bill pass the Senate yesterday night and then I went into the kids' room and I kissed them calling them by name. "Good night, enhanced child tax credit #1, and enhanced child tax credit #2."

And what is exactly your point?
I'm reading only the uber-rich and wealthy corporations will get tax cuts, I'm reading horrible things. I'm a simple tax guy and I just ran my 2017 return with the new laws and it shows $9k less. I'm not a wealthy corporation and I'm not quite uber-rich, so definitely something I'm reading is not right.

I'll laugh all the way to the bank when my tax return next year shows $9k less in federal tax liability.

How can a State elect a (very) brilliant Senator (Portman) and a buffoon (Brown)? It's really mind-boggling.

How does the cool aid taste?
I like wine more, sorry.

I am an international tax principal at a top 50 accounting firm. I know the international provisions of the tax code like the back of my pockets (unfortunately, that's my line of business). Do you have any idea of how archaic and anti-business is our current corporate tax code? We're (not for long) the only industrialized country with a corporate worldwide taxation system. And with the highest marginal tax rate. That's a big reason (if not the only one) why there were many corporate inversions in the past decade.

How's that for a scam?
I'll take it.

I watched the bill pass the Senate yesterday night and then I went into the kids' room and I kissed them calling them by name. "Good night, enhanced child tax credit #1, and enhanced child tax credit #2."

I watched the bill pass the Senate yesterday night and then I went into the kids' room and I kissed them calling them by name. "Good night, enhanced child tax credit #1, and enhanced child tax credit #2."

That's cute, but get your facts straight (did not vote for Trump btw).
Corporate rates are all about being competitive. And the breaks for (all except millionaires on salary) individuals are not permanent only because a handful of democrats could not override ideology to vote for a good tax bill. It will be on them to extend them in 10 years.
Watching pitiful senators like Warren and Sanders spewing falsity and nonsense on the Senate floor was hilarious tonight.
Go beyond the ideology and run your 2017 return with the new rules. I did it at work and I'd be paying over $9k less in federal taxes this year.

I was poor too at one point. I could complain about many things, but the tax bill was not certainly one of those.

That's cute, but get your facts straight (did not vote for Trump btw).
Corporate rates are all about being competitive. And the breaks for (all except millionaires on salary) individuals are not permanent only because a handful of democrats could not override ideology to vote for a good tax bill. It will be on them to extend them in 10 years.
Watching pitiful senators like Warren and Sanders spewing falsity and nonsense on the Senate floor was hilarious tonight.
Go beyond the ideology and run your 2017 return with the new rules. I did it at work and I'd be paying over $9k less in federal taxes this year.

The VAT has nothing to do. Do your homework before playing tax professor.

The VAT has nothing to do. Do your homework before playing tax professor.

Thanks, but I didn't need to read through a bunch of nonsense to find out that we don't have VAT.
VAT kills the individuals (who are the vast part of final consumers) economically and sometimes corporations financially.
Most Europeans countries have high VAT to finance low corporate rates. Then they overtax the individuals.
Ehm, no thanks. This is exactly why I came to the US to work almost 20 years ago.
Also we have States here, with their own budget and their own tax systems. Almost no one has that in Europe.

Tax-wise, no doubt.
Obviously, we all want to have too-much-tax problems to solve. 

I was poor too at one point. I could complain about many things, but the tax bill was not certainly one of those.

I was poor too at one point. I could complain about many things, but the tax bill was not certainly one of those.