Current Events > Can anyone summarize what the tax bill does?

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Squall28
12/02/17 2:36:41 AM
#1:


Sounds like they nerfed itemized deductions but buffed standardized deduction. Most calculators say I'll pay less since I don't bother itemizing.
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If you're going through hell, keep going.
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hollow_shrine
12/02/17 2:41:07 AM
#2:


No one knows all the details yet because as recently as an hour ago the bill was still undergoing amendments. And most people, including the people voting for it, didn't have a chance to review the latest draft of the bill released early yesterday morning.

So almost no one knows exactly what's going on. And it kind of looks like that might have been the point, since revealing more details just gave people more reason to worry.

The NYT have posted the unamended bill in it's entirety on their site. It's a 487 page PDF, released less than 24 hours ago for a vote that just completed.
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Whatever happened to standards? Whatever happened to bare minimums?
15 Transwomen of color have been murdered since 1/1/2017
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Ving_Rhames
12/02/17 2:41:12 AM
#3:


tl;dr - Fuck the idiots that elected us lol and fuck the people who didnt
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JlM
12/02/17 2:42:11 AM
#4:


Squall28 posted...
Can anyone summarize what the tax bill does?.


Nope. :|
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I guess I'm something of a ne'er do well.
Pittsburgh
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Sayoria
12/02/17 2:45:43 AM
#5:


Here. See it you can make heads or tails of it.

ur4aE6m

We need a decipherer.
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hollow_shrine
12/02/17 2:47:20 AM
#6:


At least one amendment was added concerning home schooling in Texas at the behest of everyone's least favorite senator.
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Whatever happened to standards? Whatever happened to bare minimums?
15 Transwomen of color have been murdered since 1/1/2017
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TheBiggerWiggle
12/02/17 2:54:10 AM
#7:


The people who actually voted didn't even get a chance to read it yet, so we're all still in the dark. From what little we know it looks like the 1% gets tax breaks while others pay more. Oh, there are also amendments to help make abortion illegal.
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