Daily Archives: 2017-12-23 03:26:26 UTC

Oh you hapless United States of Americans, is this really what it means to make (your part of) America great again? By David Cay Johnston of DCReport.org:

Deducting a CEO’s Jet, But Not a Cop’s Uniform

What the Republicans’ Tax Bill Really Means for People Like Us

. . . . .

Buried in the hastily drafted tax bill’s more than 500 pages are provisions eliminating “miscellaneous” deductions taken by almost 28 million taxpayers in 2015. Those are costs you bore to support your job or an investment you own or to pay a professional to prepare your income tax return.

This year cops and other first responders can write off the costs of buying uniforms and dry cleaning them. But in 2018, cops who buy their uniforms or are required to buy their own guns and ammunition will no longer be able to deduct those costs as reasonable and necessary expenses to support their earning a paycheck, thanks to Trump and Congressional Republicans.

But that’s not all. Cops and anyone else who belongs to a union will no longer be allowed to deduct their union dues. People who must bear travel costs without reimbursement from their employers will just have to suck it up starting in January.

The new law takes special aim at teachers who seek advanced degrees, which typically qualifies them for more pay. Tuition, books and related costs of getting advanced degrees will not be deductible after the end of this year.

Why are Trump and Congressional Republicans dinging first responders, teachers, nurses, traveling salespeople and even those who pay someone to prepare their income tax returns? So the rich can get bigger tax breaks, of course.

. . . . .

What Congress left intact are the rules that let Trump write off his Boeing 757 jet . . . . Similarly, untouched are the bar tabs of corporate sales agents or the costs of executive retreats at resorts like Trump golf courses.

It’s a good thing you’ve all got your guns. Looks like time for a coup against the plutocracy and time to establish a real democracy.