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Tax reform impact
Old 02-02-2018, 09:38 AM   #1
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Tax reform impact

What will be left to spend once higher rates higher inflation & higher energy prices?
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Old 02-02-2018, 09:45 AM   #2
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Old 02-02-2018, 09:48 AM   #3
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Old 02-02-2018, 09:54 AM   #4
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I'll answer: pension up $43 hc insurance up $134 .... at least we don't have to run heater
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Old 02-02-2018, 11:15 AM   #5
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I'll answer: more that you would have had before tax reform.
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Old 02-02-2018, 11:20 AM   #6
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What Tax Reform?
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Old 02-02-2018, 11:20 AM   #7
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i'll answer: More that you would have had before tax reform.
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Old 02-02-2018, 11:23 AM   #8
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Old 02-02-2018, 11:31 AM   #9
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Even Congress didn't call it Tax Reform. They called it the Tax Cut and Jobs Act.
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Old 02-03-2018, 10:46 AM   #10
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Old 02-03-2018, 11:49 AM   #11
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What will be left to spend once higher rates higher inflation & higher energy prices?

I expect interest rates to rise, as will inflation, both to be expected, and probably desirable, at this point in the “cycle”. Whether they stop rising at the right time is questionable... As for energy, seems there’s an excess of capacity, what with tar sands, fracking, etc., which I think will limit the upside.

What the new tax bill will do for tax revenues remains to be determined. Guess we’ll find out.

As for me personally, I expect my tax bill will drop, since the standard deduction will be higher than my current itemized deductions. Didn’t necessarily need or want a tax break, but I’ll take it!
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Old 02-03-2018, 12:39 PM   #12
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I expect interest rates to rise, as will inflation, both to be expected, and probably desirable, at this point in the “cycle”. Whether they stop rising at the right time is questionable... As for energy, seems there’s an excess of capacity, what with tar sands, fracking, etc., which I think will limit the upside.

What the new tax bill will do for tax revenues remains to be determined. Guess we’ll find out.

As for me personally, I expect my tax bill will drop, since the standard deduction will be higher than my current itemized deductions. Didn’t necessarily need or want a tax break, but I’ll take it!
You don't have to take it if you don't want or need it. I believe you always have the option of paying extra. Just not the option of paying less.
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Old 02-03-2018, 01:15 PM   #13
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The difference to the US Treasury wouldn’t even register as noise, so the optimal thing to do is just spend it myself...
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Old 02-12-2018, 09:35 AM   #14
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What will be left to spend once higher rates higher inflation & higher energy prices?
I read a couple of articles the other day about how they are kicking around the idea of increasing the Federal gas tax to fund infrastructure. Saw the figure of an extra 25 cents per gallon mentioned a couple of times. (current is 18.4 cents per gallon)

Anyways, while I'm certainly not looking forward to inflation, I hear it would supposedly help the Federal government servicing the debt.

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Even Congress didn't call it Tax Reform. They called it the Tax Cut and Jobs Act.
We're at near full employment anyway ... so I don't really know about the "jobs" part of that title.
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Old 02-12-2018, 10:15 AM   #15
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I thought higher inflation brings higher interest rates which makes servicing debt more costly. Raising the gas tax would slow the economy as it is a regressive tax. They claim many don't pay taxes but that's not true.
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Old 02-12-2018, 01:17 PM   #16
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They claim many don't pay taxes but that's not true.
Who is they? While it is true everyone pays some taxes (sales, gas, etc), I think "they" are referring to the fact that not everyone pays income taxes.
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Old 02-12-2018, 01:54 PM   #17
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Raising the gas tax would slow the economy as it is a regressive tax.
Just buy an electric car & dodge it. That's happening now.
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Old 02-12-2018, 02:09 PM   #18
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Just buy an electric car & dodge it. That's happening now.
Oregon, and California had proposals at one time for "user fees" since electric cars owners do not pay gas taxes.


As far as I have learned in the past, high interest rates must keep up with the inflation rate, but even higher interest rates are a tool to temper inflation and keep it in check.
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Old 02-28-2018, 09:58 PM   #19
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Apparently, there is a LOT left to spend, if you’re a corporation and want to do stock buybacks. http://money.cnn.com/2018/02/16/inve...ses/index.html
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Old 03-01-2018, 12:09 AM   #20
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I read a couple of articles the other day about how they are kicking around the idea of increasing the Federal gas tax to fund infrastructure. Saw the figure of an extra 25 cents per gallon mentioned a couple of times. (current is 18.4 cents per gallon)

Anyways, while I'm certainly not looking forward to inflation, I hear it would supposedly help the Federal government servicing the debt.



We're at near full employment anyway ... so I don't really know about the "jobs" part of that title.
That’s kind of ironic don’t you think? Just got done passing a huge tax cut and then turn around and propose a tax hike because they are short of revenue.
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