Tax Bill is a loser

[HI54UNI]

I also read they are grandfathering existing mortgages up to $1 million and all new mortgages have a $500K limit.

[Chizzang]

Also note:
I only own 15% of that house
and it's my brothers car

I'm really just a nobody - but the Honduran maid is fantastic
Long time family friend - She's having babies here in the USA like her vagina is a clown car

Has Schwarzenegger nailed her yet?

I'm not sure but the last baby looks whiter than the previous two
However they're all really cute (insanely cute)



Hey, She laughs when I ask her how the Honduran soccer team is coming along

[bluehenbillk]

I also read they are grandfathering existing mortgages up to $1 million and all new mortgages have a $500K limit.

Those are reported differences between the Senate & House proposals. We'll get more info today maybe as the Senate may roll out their ideas.

[Ibanez]

"world's cutest Honduran maid service" is not nearly contextual enough. You might as well say "world's least smelly owl poop"

Also note:
I only own 15% of that house
and it's my brothers car

I'm really just a nobody - but the Honduran maid is fantastic
Long time family friend - She's having babies here in the USA like her vagina is a clown car

How do you own 15% of a house? How many other people own it?

[CAA Flagship]

Also note:
I only own 15% of that house
and it's my brothers car

I'm really just a nobody - but the Honduran maid is fantastic
Long time family friend - She's having babies here in the USA like her vagina is a clown car

How do you own 15% of a house? How many other people own it?

2.1645 x 6.93. Duh.

[AZGrizFan]

How do you own 15% of a house? How many other people own it?

2.1645 x 6.93. Duh.

Seriously. As if that had to be said.

[Chizzang]

Also note:
I only own 15% of that house
and it's my brothers car

I'm really just a nobody - but the Honduran maid is fantastic
Long time family friend - She's having babies here in the USA like her vagina is a clown car

How do you own 15% of a house? How many other people own it?

Here's how:
My brother put in $15K
My brothers GF put $15K
My mom put in $15K
My dad put in $15K
My GF put in $15K
I put in $15K

That was the $90K down payment
My brother leaves his BMW 6 series there in the garage but he lives in Seattle near me
I have an old SUV there too... because my mom hates the BMW it's chipped and terrifies her

Me and the GF go down every thanksgiving for the week I'll take some pictures if you want to rent it

[HI54UNI]

How do you own 15% of a house? How many other people own it?

Here's how:
My brother put in $15K
My brothers GF put $15K
My mom put in $15K
My dad put in $15K
My GF put in $15K
I put in $15K

That was the $90K down payment
My brother leaves his BMW 6 series there in the garage but he lives in Seattle near me
I have an old SUV there too... because my mom hates the BMW it's chipped and terrifies her

Me and the GF go down every thanksgiving for the week I'll take some pictures if you want to rent it

So you really own 16.666666666666666666666666666666666666666666666666666667%?

[Chizzang]

Here's how:
My brother put in $15K
My brothers GF put $15K
My mom put in $15K
My dad put in $15K
My GF put in $15K
I put in $15K

That was the $90K down payment
My brother leaves his BMW 6 series there in the garage but he lives in Seattle near me
I have an old SUV there too... because my mom hates the BMW it's chipped and terrifies her

Me and the GF go down every thanksgiving for the week I'll take some pictures if you want to rent it

So you really own 16.666666666666666666666666666666666666666666666666666667%?

There's always one in the crowd
Didn't you accuse me of photo shopping that car dash like 5 years ago ..?

[HI54UNI]

So you really own 16.666666666666666666666666666666666666666666666666666667%?

There's always one in the crowd
Didn't you accuse me of photo shopping that car dash like 5 years ago ..?

No. I've never accused you of photo shopping. I may have accused you of being full of shit but not photo shopping. That would be mean.

[Ivytalk]

I don’t worry about the tax bill, because this feckless GOP Congress will never pass it. Then the Donks will have a wave election in 2018, Trump will be impeached, and dback and JSO will leave their respective spouses and get married.

[CID1990]

I don’t worry about the tax bill, because this feckless GOP Congress will never pass it. Then the Donks will have a wave election in 2018, Trump will be impeached, and dback and JSO will leave their respective spouses and get married.

I’m actually enjoying this respite from governments that “get things done”.

But ultimately this whole thing needs to be burned to the ground and started over, and the quickest way to do that is give supermajorities to the Donks

So bring on Faucahontas

[Ibanez]

Here's how:
My brother put in $15K
My brothers GF put $15K
My mom put in $15K
My dad put in $15K
My GF put in $15K
I put in $15K

That was the $90K down payment
My brother leaves his BMW 6 series there in the garage but he lives in Seattle near me
I have an old SUV there too... because my mom hates the BMW it's chipped and terrifies her

Me and the GF go down every thanksgiving for the week I'll take some pictures if you want to rent it

So you really own 16.666666666666666666666666666666666666666666666666666667%?

That's what I thought. He owns the roof and a few door knobs.


And btw, going in on a house with Family and significant others is brave. Let's hope you and your brother picked some winners.

[Ibanez]

How do you own 15% of a house? How many other people own it?

Here's how:
My brother put in $15K
My brothers GF put $15K
My mom put in $15K
My dad put in $15K
My GF put in $15K
I put in $15K

That was the $90K down payment
My brother leaves his BMW 6 series there in the garage but he lives in Seattle near me
I have an old SUV there too... because my mom hates the BMW it's chipped and terrifies her

Me and the GF go down every thanksgiving for the week I'll take some pictures if you want to rent it

I have no desire to go to Palm Springs.

[HI54UNI]

Here's how:
My brother put in $15K
My brothers GF put $15K
My mom put in $15K
My dad put in $15K
My GF put in $15K
I put in $15K

That was the $90K down payment
My brother leaves his BMW 6 series there in the garage but he lives in Seattle near me
I have an old SUV there too... because my mom hates the BMW it's chipped and terrifies her

Me and the GF go down every thanksgiving for the week I'll take some pictures if you want to rent it

I have no desire to go to Palm Springs.

Have you ever been? We've been there twice and have really enjoyed it.

[Ibanez]

I have no desire to go to Palm Springs.

Have you ever been? We've been there twice and have really enjoyed it.

I've been and it was alright. I prefer the mountains so I understand my perspective isn't popular.

[CAA Flagship]

Senate version has several differences:
Mortgage deduction stays at $1M
Medical Expense deductions
7 tax brackets
Estate Tax not repealed, but upped to $11M threshold
Corp Tax cut delayed to 2019

[Chizzang]

Have you ever been? We've been there twice and have really enjoyed it.

I've been and it was alright. I prefer the mountains so I understand my perspective isn't popular.

So you like Mountains...
There's a a little bump called San Jacinto Peak it's 10,800 feet towering above Palm Springs
It can be hiked and camped - There's a ridge trail that runs about 75 miles along the western slope
that has creeks and ponds and views to the Pacific Ocean on one side and Palm Springs on the other

It's widely considered some of the best mountain hiking in the world
I can see how you might not have noticed it when you were there...


https://www.meetup.com/Hiking-Coachella ... ROvw7QtmzA

[GannonFan]

Senate version has several differences:
Mortgage deduction stays at $1M
Medical Expense deductions
7 tax brackets
Estate Tax not repealed, but upped to $11M threshold
Corp Tax cut delayed to 2019

I like keeping the Estate Tax in there - I can't imagine that's an economic drain. I know that pisses off the super rich but that doesn't really bother me.
If we're going to do the corporation tax then we should do that right away - just a gimmick to wait a year - either it's worthwhile to do or it's not (and really, other countries have already made the decision for us that it is).
Keeping the deductions in is just window dressing - if you're going to raise the standard deduct to $24k and eliminate the exemptions and eliminate the SALT deduction then most middle and upper middle won't itemize anyway.

[BDKJMU]

Senate version has several differences:
Mortgage deduction stays at $1M
Medical Expense deductions
7 tax brackets
Estate Tax not repealed, but upped to $11M threshold
Corp Tax cut delayed to 2019

For fucks sake, 3 brackets is more than enough..7 is the same we have now.

[VictorG]

I do not know any middle income people who have anywhere near $500,000 per year of mortgage interest let alone $1,000,000.

[CAA Flagship]

Senate version has several differences:
Mortgage deduction stays at $1M
Medical Expense deductions
7 tax brackets
Estate Tax not repealed, but upped to $11M threshold
Corp Tax cut delayed to 2019

I like keeping the Estate Tax in there - I can't imagine that's an economic drain. I know that pisses off the super rich but that doesn't really bother me.
If we're going to do the corporation tax then we should do that right away - just a gimmick to wait a year - either it's worthwhile to do or it's not (and really, other countries have already made the decision for us that it is).
Keeping the deductions in is just window dressing - if you're going to raise the standard deduct to $24k and eliminate the exemptions and eliminate the SALT deduction then most middle and upper middle won't itemize anyway.

I think you need to read up on the constraints that are on Congress to develop this bill. They can't exceed a certain deficit threshold. And this restraint is further complicated by the inability to accurately calculate what the deficit might be. Congress is boxed in by the political system that is in place. We all suffer because of it.
So basicly, they have enough material to build a 3000 sf house, but only enough roof shingles to build a 1500 sf house.

[CAA Flagship]

I do not know any middle income people who have anywhere near $500,000 per year of mortgage interest let alone $1,000,000.

Define middle income.

[SDHornet]

Senate version has several differences:
Mortgage deduction stays at $1M
Medical Expense deductions
7 tax brackets
Estate Tax not repealed, but upped to $11M threshold
Corp Tax cut delayed to 2019

For fucks sake, 3 brackets is more than enough..7 is the same we have now.

Yup.

Is the Senate Bill even that much of a change from the current system?

Conks, failing on tax reform just like they did on obamacare repeal and replace.

Expect a blue wave in 2018.

[Ibanez]

I've been and it was alright. I prefer the mountains so I understand my perspective isn't popular.

So you like Mountains...
There's a a little bump called San Jacinto Peak it's 10,800 feet towering above Palm Springs
It can be hiked and camped - There's a ridge trail that runs about 75 miles along the western slope
that has creeks and ponds and views to the Pacific Ocean on one side and Palm Springs on the other

It's widely considered some of the best mountain hiking in the world
I can see how you might not have noticed it when you were there...


https://www.meetup.com/Hiking-Coachella ... ROvw7QtmzA

Yes, I know. It's pretty. Still isn't my cup of tea. I can be in the Mountains in 2 hours. Aside from my desire to visit Napa...I don't care to see anymore of California. I've been to LA. I go to San Diego but that's mostly to see a college buddy. Hell, I've spent a month at 29Palms.

THat's a nice peak. I can be here within 2 hours:



Mt. Pisgah isn't a bad hike



Graveyard fields is a favorite of mine - you walk through fields of wild berries before a 2 mile hike that is pretty steep at some points.

Still - doesn't detract that I simply prefer something else. Not trying to be smug about it...