Red Mosquito

run2death wrote:I don't really understand why people keep saying "it depends on whether you take the standard deduction or itemized deduction" when they write stories about the tax reform plans and how it would effect American families.

For most American families making less than $125,000 a year, does it ever really make sense to itemize? Why would most families not just take the standard deduction? Private/charter schools or something? What am I missing here?

Bi_3 wrote:

run2death wrote:I don't really understand why people keep saying "it depends on whether you take the standard deduction or itemized deduction" when they write stories about the tax reform plans and how it would effect American families.

For most American families making less than $125,000 a year, does it ever really make sense to itemize? Why would most families not just take the standard deduction? Private/charter schools or something? What am I missing here?

401k/Roth/529 contributions, mortgage interest, daycare, healthcare costs, SALT. But yeah, if Trump wanted real tax reform and not just a trickle down cut, it would be a reworking that simplifies the code not just changes the numbers in the existing rules.

run2death wrote:

Bi_3 wrote:

run2death wrote:I don't really understand why people keep saying "it depends on whether you take the standard deduction or itemized deduction" when they write stories about the tax reform plans and how it would effect American families.

For most American families making less than $125,000 a year, does it ever really make sense to itemize? Why would most families not just take the standard deduction? Private/charter schools or something? What am I missing here?

401k/Roth/529 contributions, mortgage interest, daycare, healthcare costs, SALT. But yeah, if Trump wanted real tax reform and not just a trickle down cut, it would be a reworking that simplifies the code not just changes the numbers in the existing rules.

I have all those things but mortgage interest and I don't even come close to itemizing.

LittleWing wrote:Personally, I'd prefer a successful business person run my state...like Tom Golisano. I cringe at the thought of Trump running New York State, or any state for that matter.

bart wrote:I think the pussy-grabbing tape would have won LW over.

Alabama’s Republican candidate for Senate, Roy Moore, says America needs to be a bit more like it was when it had slaves.

This is not a joke or exaggeration. When asked earlier this year when America was last great, Moore acknowledged, according to the Los Angeles Times, that the country had a history of racial tensions. Then he answered the question: “I think it was great at the time when families were united — even though we had slavery — they cared for one another. … Our families were strong, our country had a direction.”

Franks Will Retire from Congress

December 7, 2017 at 5:16 pm ESTBy Taegan Goddard0 Comments


Rep. Trent Franks (R-AZ) is expected to resign from Congress, Roll Call reports.

“It is unclear exactly why Franks is stepping down, but one Arizona Republican said there had been rumors of inappropriate behavior. The Republican said the congressman had apparently been making plans to run for Senate in 2012, but abruptly canceled those plans.”

Strat wrote:

Alabama’s Republican candidate for Senate, Roy Moore, says America needs to be a bit more like it was when it had slaves.

This is not a joke or exaggeration. When asked earlier this year when America was last great, Moore acknowledged, according to the Los Angeles Times, that the country had a history of racial tensions. Then he answered the question: “I think it was great at the time when families were united — even though we had slavery — they cared for one another. … Our families were strong, our country had a direction.”