My coworker with 4 kids said it’l be good overall for him. They increased the child tax credit. They also lifted the phase out from $110K/yr to starting at $400k/yr. So he went from not being able to claim the tax credit to being able to claim $2k/kid. It sounded like he’d go from itemizing to taking the $24K standard deduction for married couples. You still get the child tax credit if you take the standard deduction.
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The child tax credit increase and the phase out amount increase to 400k will have a huge impact for generations. This will encourage child births and will help solve one of the difficult outcomes of the economic boom.
More children will be born and that’s huge, bigger than anything else. IMHO, they should remove the phaseout for child tax credit. Rich kids and poor kids are all welcome to this country.
Tax Cut bad for me, lose like 700ish. but I’ll give that money as for sending illegal back as bus fee or something.
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Wow! Another loser and ignorant and so on. Really…
This what he said about Chinese business people:
“Listen motherfu**ers, we’re going to tax you 25%”
This is what he said about “Asians”:
“Me want a deal”, while looking up on the sky, meaning Asians are not that tall.
I tried various ways, the house tax cut (original) was $2750 loss for me, but Senate and final approved made a gain $3300. Looks like tax bracket change helped me to compensate huge SALT loss.
Ok, here’s a real reason to celebrate tax reform.
It is amazing how cheap the big guys make beer. COORS BUD and Miller can sell beer at 50cents a can and make money…As cheap as forty years ago…those craft beers are all overpriced hype…
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good info, thank you.
LOL…I love the ingenuous or should I say liars…
Getting almost 50% of their taxes reduced, but laying off people? Really?
Tax reduction and laying off people are two not related events. Subscribers for landline and DirecTV have been dropping very fast, so there is no need for so many employees for those two areas. Guess AT&T couldn’t redeploy them elsewhere.
…the most of the affected workers are from its landline and other legacy service sectors…
…the company “pink-slipped more than 700 DirecTV home installers…
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Real numbers on how it impacts bi-weekly paychecks for single people. I don’t think it’s a shock that the higher the income the bigger the impact. It doesn’t include if you’re married or have kids for the child tax credit.
While employees are benefiting a lot, investors stand to benefit even more.
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“Through the end of April, S&P 500 companies are on track to give back a record $1 trillion to investors through dividend increases and stock buybacks, according to data compiled by Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.”
“In the note, he pointed out that 169 S&P 500 members hiked their dividends in the first four months of the year, while no company in the index cut its dividend. That’s “an event not seen since at least 2003 (when my records begin),” Silverblatt said.”
“The strong shareholder returns follow the slashing of the U.S. corporate tax rate. Late last year, President Donald Trump signed a bill that cut the corporate rate to 21 percent from 35 percent.”
It’s good to be an investor 
For us W2ers…