No way. Money talks? They aren't even hiding it anymore. Expanding roll back of Johnson amendment is very important to these folks.
Keep shifting the goal posts. We have debt spending. Are you now contradicting yourself to confuse anyone who debates you? What do you care that they are so rich and wealthy?
You'd be amazed what 500 acres in the Hill Country sells for. Especially to a developer. Double especially if it has above-ground water.
It was criminally low to begin with...especially when you combine the loss of this deduction with the criminally low salaries. I know you're a teacher. My wife spends well over that every year. She teaches in a school that is Title 1 with 95% of the students eligible for free breakfast and lunch. They don't have supplies and she has to provide them out of our pockets. But yeah...let's eliminate that deduction because f*** teachers.
Paul Ryan and Congressional Republicans - don't worry about the 1.5T, tax cuts will boost the economy and pay for itself! Kansas Republicans - lol, no it doesn't --> You Better Learn Our Lesson Semi- truth Kansas Republicans - it's designed to shrink the state government Reality - it gives a huge break to the top. And oh, since budget rules does not allow a bill that increase the debt by more than 1.5t over 10 years, we will have to increase taxes on 1/3 of middle class and do some number trickery (CBO - it will increase by 1.7T).
At one level, yeah. But what if you're a teacher and you inherited "the family land," which is hundreds of fairly arid scrub west of Austin? There's no way you can pay the estate tax other than selling a big chunk of it. I know, cry that person a river, or a dry stream bed at least, but if you knew it was important to your parents and grandparents to keep that land in the family, it does kind of stink. I'm really okay taxing inheritance. It's like the lottery, in my opinion, which is also taxed. (This is easy for me to say, as I'll never inherit land or money in these orders or magnitude, if anything at all.) If we do away with the inheritance tax, we should do away with the tax on lottery winnings.
You get to keep 100% of the $11M worth of land and then 60% of the remainder based on the 40% tax. When the estate exemption was $1M and not indexed for inflation, that was a real problem. Now? Not so much. BTW, if it is really important to you, you've been gifting away land to your family members usually over decades. Keep in mind the gain on that land hasn't been taxed, and by leaving it to your heirs the money receives a new basis equal to the value at date of death, meaning no income tax would be paid on that land if sold instead of kept.
My wife is a pre-school teacher at a local Christian pre-school... makes less than minimum wage when all of the extra hours she puts in (lesson plans, on-going education, teacher and parent meetings, prep work for the next day's classes).
The anti-education party, no sugar-coating it. Makes an informed voter wonder why they don't want an educated population. Gee whiz.
So they've added repeal of the ACA individual mandate to the bill. Finally, the missing piece is in place!
In the latest awesomeness of tax cuts.. Where are the cuts? Gone for individuals after 2025, including the "simplification". Business cuts have no sunset. Awesome huh.
Senate GOP tax bill hurts the poor more than originally thought, CBO finds https://www.washingtonpost.com/news...x-915pm:homepage/story&utm_term=.f39f7936b533
