Tuesday, December 19, 2017

52 239 | House passes sweeping GOP tax bill, Senate to follow, December 19, 2017


For those interested in what is in the GOP's final tax plan:
 


This GOP tax bill is a massive $1.5 trillion tax bill, the biggest in a generation thus far.





239 is the 52nd prime number
Remember that Prophecy also equals 52. The last book of the Bible, Revelation, is very prophetic.
So the GOP tax bill has finally rolled out with 0 votes from the Democratic party to add, all intentional obviously.
A couple provisions caught my eye in particular.

3. Eliminates personal exemptions: Today you're allowed to claim a $4,050 personal exemption for yourself, your spouse and each of your dependents. Doing so lowers your taxable income and thus your tax burden. The GOP tax plan eliminates that option.  For families with three or more kids, that could mute if not negate any tax relief they might get as a result of other provisions in the bill. 

Personal exemptions eliminated by the GOP tax plan.

15. Slashes corporate rate: The bill cuts the corporate rate to 21% from 35%, starting next year. That's somewhat higher than the 20% called for earlier. The increase was made to free up some revenue to accommodate lawmaker demands on other provisions. The bill would also repeal the alternative minimum tax on corporations.

Corporate rates cut to 21% from 35% starting next year.
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