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2017 Tax Plan

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toolate
Join Date: Jun 2013
Posts: 27
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster

2017-04-27          196611


Surprised to see the WH Tax plan as just a one page proposal. With big news being 3 instead of 7 tax brackets. But no indication of what income ranges are in what brackets?

This is the kind of proposal I would have gotten a D on in high school. I expect better from our Goldman and Sacks appointees.

As long as I am in the zero tax range I guess it will work!

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____________________________________________________________________________________
2017 Tax Plan

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chuckles
Join Date: Jul 2003
Posts: 77 Eastern PA
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster  View my Photos  Pics

2017-04-27          196621


Actually since the tax code is about 74000 pages long, it was probably pretty smart to make a one Page proposal as it is painfully obvious that this beast is not going to be changed in bada bom bada bim fashion.
....

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____________________________________________________________________________________
2017 Tax Plan

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ford2000
Join Date: Dec 2014
Posts: 17
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster

2017-04-28          196633


As a small business, really small that has a marginal S Corp, I do hope something gets done to make it simpler. I absolutely dread Tax prep and filing that I do myself. I really spend months of the year just feeling anxious about the couple of weeks it takes me to get all my records and such....

The only positive thing that happened for 2106 is that all the returns can be e filed now... the pain was find SW that could do it. Used Taxact and worked like a charm. ....

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2017 Tax Plan

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kthompson
Join Date: Oct 2005
Posts: 5219 South Carolina
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster  View my Photos  Pics

2017-04-30          196647


Remember accountants make money based upon tax accountant work and will lobby hard to prevent too simple tax code. Doing away with estate tax hurts the life insurance industry, estate planning attorneys and accountants. Will those three industries get a hold of congress men and women? ....

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