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Re: Forum gossip thread by Odinson

avatar_Brent

Trump in office

Started by Brent, January 22, 2025, 01:41:42 PM

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Prof Emeritus at Fawk U

If Obamacare was as good as the Dems promised when they passed it, we wouldn't be in this situation.  Trump should force them to admit that it is a fail.
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Watch what you say to me or I'll mind FAWK U.

DKG

President Donald Trump's One Big Beautiful Bill has set in motion one of the most far-reaching overhauls of U.S. tax and social policy in years, with provisions taking effect on staggered timelines that stretch well into the next decade.

Some measures apply immediately or retroactively to income earned this year, while others—particularly changes to health care, federal assistance programs, and student loans—are delayed to allow agencies and states time to adapt administrative systems and implement the new rules.

Here is a breakdown of what goes into effect, and when.

Provisions Taking Effect in 2025
The One Big Beautiful Bill took effect when Trump signed it on Independence Day, with several provisions applying to income earned in tax year 2025, even though most taxpayers will not see the impact until they file returns in 2026.

At the core of the legislation is the permanent extension of key provisions from the 2017 Tax Cuts and Jobs Act, locking in individual income tax brackets and the expanded standard deduction. For 2025, the standard deduction is $15,750 for single filers and married individuals filing separately, $31,500 for married couples filing jointly, and $23,625 for heads of household.

Among the most prominent new, temporary tax breaks are deductions that reduce taxable income for tips and overtime, along with an additional deduction for seniors. Under IRS guidance, qualifying workers may deduct up to $25,000 in qualified tips annually, with the deduction phasing out for taxpayers earning more than $150,000. For overtime, taxpayers may deduct the portion of qualified overtime pay that exceeds their regular rate of pay—such as the "half" portion of time-and-a-half—capped at $12,500 per year ($25,000 for joint filers), also subject to income phaseouts.

The law also creates a temporary senior deduction, allowing eligible taxpayers 65 and older to claim an additional $6,000 deduction for 2025 through 2028, with a phaseout beginning at $75,000 in modified adjusted gross income for single filers.


DKG

USA has officially announced a full suspension of immigration from 19 countries after the recent terrorist attack.

Afghanistan
Burundi
Chad
Republic of the Congo
Equatorial Guinea
Eritrea
Haiti
Iran
Libya
Myanmar
Somalia
Sudan
Yemen
Cuba
Laos
Sierra Leone
Togo
Turkmenistan
Venezuela
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Prof Emeritus at Fawk U

Quote from: DKG on Today at 07:19:29 AMUSA has officially announced a full suspension of immigration from 19 countries after the recent terrorist attack.

Afghanistan
Burundi
Chad
Republic of the Congo
Equatorial Guinea
Eritrea
Haiti
Iran
Libya
Myanmar
Somalia
Sudan
Yemen
Cuba
Laos
Sierra Leone
Togo
Turkmenistan
Venezuela

A damn great start, but the list is a bit short.
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Watch what you say to me or I'll mind FAWK U.

Brent

Quote from: Prof Emeritus at Fawk U on Today at 12:04:25 PMA damn great start, but the list is a bit short.
One hundred percent
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Brent

Donald Trump's administration has announced a massive package of arms sales to Taiwan valued at more than $10 billion that includes medium-range missiles, howitzers and drones, drawing an angry response from China.
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Thiel

Quote from: Brent on Today at 12:14:16 PMDonald Trump's administration has announced a massive package of arms sales to Taiwan valued at more than $10 billion that includes medium-range missiles, howitzers and drones, drawing an angry response from China.
That's not new. Nearly every president from both parties has sold a big arms package to Taiwan.
gay, conservative and proud

Lokmar

Quote from: DKG on Today at 07:19:29 AMUSA has officially announced a full suspension of immigration from 19 countries after the recent terrorist attack.

Afghanistan
Burundi
Chad
Republic of the Congo
Equatorial Guinea
Eritrea
Haiti
Iran
Libya
Myanmar
Somalia
Sudan
Yemen
Cuba
Laos
Sierra Leone
Togo
Turkmenistan
Venezuela

If you look at terd wurld mud huts from 2025ad, they look the same as they did in 2500bc. The only reason they have any concrete buildings whatsoever is because of white people. Stupid fukin niggeRs.