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vt90

Joined: 12/12/1998 Posts: 44906
Likes: 24266

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Agree in general ...


but some flavor of tax reform is going to pass. Both sides of the aisle need it. It may be significantly watered down from what it is now ... and I'm not hopeful it will pass before Christmas ... but it is going to go through. Too many Senate democrats are up for re-election in 2018 and if they kill this bill they are going to lose their jobs. Plus, this is the one thing most Americans seem to agree on - perhaps the only thing these days. :)

Hopefully it won't have an impact on your bottom line!

(In response to this post by Hokie CPA)

Posted: 11/02/2017 at 1:54PM


+1

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Current Thread:
 
  HokieCPA and other accountant types ... -- vt90 11/02/2017 12:13PM
  Don't think CPAs will lose much business. -- EDGEMAN 11/02/2017 7:46PM
  A lot of people like me stopped itemizing when the mortgage rates dropped. -- IB4TECH 11/02/2017 4:23PM
  I'm about three years into using the standard deduction -- Tafkam Hokie 11/02/2017 5:09PM
  Me too! ** -- grill to chill 11/02/2017 6:58PM
  Pretty significant as currently proposed ... -- vt90 11/02/2017 4:28PM
  There are fewer deduction categories for people who can't expense on C o E ** -- lchoro 11/02/2017 2:06PM
  More people will use standard, yes. -- Hokie CPA 11/02/2017 1:42PM
  Agree in general ... -- vt90 11/02/2017 1:54PM
  Our government is totally disfunctional... not sure how we -- HokieSignGuy 11/02/2017 1:45PM
  Most libertarians agree.... Gridlock Is Good! ** -- Hokie CPA 11/02/2017 2:35PM
  Heck, that is how the government was set up on purpose -- Tafkam Hokie 11/02/2017 5:14PM
  So, an individual's standard deduction will increase? -- HokieSignGuy 11/02/2017 12:28PM
  You can file married filing seperately but that usually results -- fordham 11/02/2017 2:45PM
  Have your kids now and don't push it off into the new year -- lchoro 11/02/2017 2:08PM
  Well ... -- vt90 11/02/2017 12:32PM
  Oh, I didn't hear that part. -- HokieSignGuy 11/02/2017 1:20PM
  Nowwwwww you tell me!** -- 48zip 11/02/2017 12:35PM

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