Displaying 31 - 40 of 223 Forum PostsPrev 2 3 4 5 6 Next
  • Dec 22, 2017 03:37 PM
    Last: 4mo
    10k

    The Trump tax calculator — will you pay more or less?

    It's one thing to read up on how the Trump tax plan that just got signed into law changes the tax code overall. But if you are interested in exactly how your tax bill will change next year and for the next 5 years or so, use that calculator above.

    Curious on everyone's opinion of the bill as well as if your amount increases or decreases. Do you dislike the bill? If so, all of it, or just parts?

    If you are like me, my tax burden is going to decrease. And I like some of the eliminations of deductions in favor of higher standard deductions. But I dislike some of the riders. And even though I won't have to pay a tax penalty for not having health insurance any longer, I worry what that will mean for the country's healthcare premiums as a whole, as well as entitlement funding in the future.

  • Oct 28, 2016 02:47 PM
    Last: 2mo
    27k
    Jameslane Wrote:

    how do i get a list of what I'm receiving from food stamps

    Online EBT SNAP Accounts. That should help. Look for your state in that list, and it'll take you to your state's portal where you can sign in and see statements and your account activity.
  • Nov 21, 2017 08:20 AM
    Last: 5mo
    1.9k

    Update:

    Short-term funding bill includes help for children's health insurance

    So that buys time until Dec 22nd. But if nothing is done after that, many states will be without CHIP funds whatsoever. Trump is temporarily funding some states with leftover budget money from prior years in CHIP at the moment. But how long can that seriously last?

  • Oct 03, 2017 02:33 PM
    Last: 4mo
    2.7k

    Well, it seems as though this tax reform bill will pass, most likely anyways. And soon. By the end of the year it seems.

    The only thing that stands in Congress' way now is that the House and Senate agreed on two different versions of the bill. And now they have to reconcile which one they like the most and perhaps make a hybrid of the 2?... before it can officially be voted on once more and signed into law. A conference committee will oversee this process.

    If curious on the differences between the House and Senate versions, recommend this -> Highlights of Senate, House GOP bills to overhaul tax code

    Do you have a preferred version? If so, curious why you think it's better. Major differences are: if the individual mandate for health insurance stays or goes, layout of tax brackets, estate tax, mortgage interest deductions, and student loan interest deductions. Far as I can tell anyways.

  • Nov 21, 2017 08:20 AM
    Last: 5mo
    1.9k

    Here's a good video giving a much better breakdown of CHIP expiring, and what bills are currently on the table, awaiting a possible renewal vote from congress:

  • Nov 21, 2017 08:20 AM
    Last: 5mo
    1.9k

    The main headline from CHIP (Children's Health Insurance Program) expiring reads like this:

    'Up to 9 million children could lose their health insurance over the course of 2018'.

    That is, if Congress can't get their collective acts together to renew the program in some sort of spending bill they can reasonably agree upon.

    Here's an exert to consider for what this will mean on a state to state basis:

    According the government's report, two states — Arizona and Minnesota — are set to run out of CHIP funding by December. In the first three months of 2018, an additional 27 states will deplete their CHIP funding, as will the District of Columbia. Another 19 states will run out of CHIP funds in between April and June.


    There's still time to renew. But the year's end is coming quick. We have holidays a plenty coming. So if you're child is on CHIP or you know someone who's is and needs this program, I would encourage any and all to contact their congress people and urge them to get this program reinstated.

  • Oct 13, 2017 03:20 PM
    Last: 6mo
    1.6k
    Wait, I'm confused.. didn't you say he ended subsidies? Or did you mean that he ended some levels of subsidies, but now that costs rise, they qualify for different brackets or something?
  • Nov 01, 2017 04:45 PM
    Last: 6mo
    6k

    This is a new one on me. I spend a good bit of time keeping up with SS benefit news and info, and it can get pretty complicated quick. Just came across a CNBC article detailing the very real possibility of having to deal with what they dub the 'tax torpedo' for social security retirees.

    Basically, it has to do with how much the government CAN tax your SS benefits once you retire, depending on 2 factors: what age you retire and how much other income you are drawing.

    Surprise, surprise, if you retire at max retirement age, age 70, and if you are not making more than $25-32K a year in additional income, you will get hit the least. I think. Again, it's a bit confusing.. if you understand this, please chime in and clarify.

    But my understanding is that if you retirement early, or even at FRA (full retirement age) your benefits can fall under higher tax %s quickly. And it gets worse when you have other steady streams of earned income coming in.

    This honestly makes me annoyed and somewhat angry and dismayed to read. You pay into this mandatory retirement account all your working life. And on the backend, if you need the money early, and/or if you have managed to set up other solid income streams, they punish you for it. Is that about the take of it in your opinion? Or does this 'tax torpedo' make sense economically speaking?

  • Oct 13, 2017 03:20 PM
    Last: 6mo
    1.6k
    I think this is a calculated move, to get people on the fence much more likely to be against Obamacare (ACA). Even if they know he is making ACA worse, once it passes, ACA will in effect be much worse and far less affordable for the middle class. So repeal and replace could be much more likely as a result.
  • Oct 06, 2017 03:06 PM
    Last: 6mo
    2.6k

    Definitely interesting. Is there any good suggestions as to what to replace an SS# with? That article cites 'using public key encryption' as a possible replacement. Sounds like more of the same to me. That would still be a password of sorts, just like our current 9 digit passcode.

    Maybe it will be much harder to steal. Probably so. In that case would be good from an identity theft standpoint. But from a 'libertarian, I don't want the government to give me a number that identifies me as a person' standpoint, exactly the same.