Political comments and proposed tax plan remain off-topic

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LadyGeek
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Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Sun Nov 20, 2016 12:01 pm

[Revised to include the proposed tax plan --LadyGeek]

The proposed tax plan has created much conjecture, which impacts personal finance and investing. (Previously, discussions were about the recent elections.)

Speculation about future legislation is prohibited by forum policy, see Unacceptable Topics:
Politics and Religion

In order to avoid the inevitable frictions that arise from these topics, political or religious posts and comments are prohibited. The only exceptions to this rule are:
  • Common religious expressions such as sending your prayers to an ailing member.
  • Usage of factual and non-derogatory political labels when necessary to the discussion at hand.
  • Discussions about enacted laws or regulations that affect the individual investor. Note that discussions of proposed legislation are prohibited.
  • Proposed regulations that are directly related to investing may be discussed if and when they are published for public comments.

This forum is focused on investing that is directly actionable to personal investors. We don't hold debates on conjecture.

The whole point of the policy is to (1) eliminate contentious disagreements that result from these discussions and (2) keep investors from making bad decisions. Proposed regulations change many times between the time they're introduced and signed into law.

The disagreements will indeed occur, which is more work for the moderators and results in locking the thread. See: Yellen: "We're taking a look at negative interest rates."

Decisions to keep the thread visible or making it disappear are done on a case-by-case basis. Threads are not deleted, but archived in an area only accessible to the moderators and site admins.

- If anyone disagrees with a moderator action (locking a thread, etc.), PM the moderator and we will decide if a correction is needed. We also have an Advisory Board to help adjudicate the disagreement. Do not post a complaint publicly; that creates a whole 'nother can of worms.
- If we miss something that needs a moderator attention, report the post and we'll take a look. See: REPORTING VIOLATIONS AND UNWELCOME PMs

(Thread locked.)
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Re: Political comments remain off-topic

Post by LadyGeek » Sun Nov 20, 2016 7:02 pm

Bumping for visibility.
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Proposed tax plan is off-topic

Post by LadyGeek » Thu Apr 27, 2017 4:17 pm

The first post has been revised to reflect the proposed tax plan.
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Re: Political comments and proposed tax plan remain off-topic

Post by prudent » Fri Apr 28, 2017 8:42 am

Bumping for visibility.

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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Fri Apr 28, 2017 3:39 pm

Bumping for visibility.
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Sun May 07, 2017 9:08 pm

Bumping to clarify that IRS tax-favored health plans, such as Health savings accounts, are defined in US law. An HSA is defined here: 26 U.S. Code § 223 - Health savings accounts.

Changes to ACA health care are currently under debate in Congress. Conjecture on changes to these tax-favored plans is therefore off-topic.

The wiki has some background info: Tax basics (Hierarchy of tax authority)
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Thu Sep 28, 2017 3:46 pm

Bumping for visibility. As we have done during election time, discussions related to tax reform remain off-topic.
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Fri Oct 20, 2017 11:13 pm

Bumping yet again for tax reform. Discussions remain off-topic.
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Re: Political comments and proposed tax plan remain off-topic

Post by prudent » Thu Nov 02, 2017 12:02 pm

Bump for visibility.

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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Fri Nov 03, 2017 3:12 pm

Bumping for visibility.
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Fri Nov 03, 2017 8:46 pm

Here is some background info:

Tax authority comes from Title 26 of US Code - which is US law and a legislative process. See the wiki: Hierarchy of tax authority

For example: 26 USC 408A: Roth IRAs

Tax reform starts from the House Ways and Means Committee which has crafted a bill to be introduced. See: The Tax Cuts and Jobs Act - Ways and Means

For the gory details, click on "Read the Bill" which gets you to Tax Cuts and Jobs Act Resources - Ways and Means, then Full Legislative Text, a PDF file 429 pages long. This is the bill introduced into Congress and is the start of the legislative process.

Next, note the Chairman’s Mark, a 425 page proposed revision to the bill.

The bill is the first step in changing the law. See any of these links:

- The Legislative Process · House.gov
- The Legislative Process: Overview (Video) | Congress.gov | Library of Congress
- U.S. Senate: Legislative Process

Quite a bit of negotiation will be on-going until the bill becomes signed into law.

The purpose of this forum is to educate investors and provide actionable, accurate advice. Consider the primary purpose of investors here is to save for retirement. This is your life's savings.

Making a decision based on information that will change from now until the tax legislation becomes law places your life's savings at risk. In some cases, an incorrect decision can result in an unrecoverable error.

To protect investors - and even more lurkers - from making a potentially bad life changing decision, we are not permitting discussion of "proposed legislation" in this forum. Aside from the political disagreements, we are simply trying to protect investors from making a bad decision. It's no more complicated than that.

(Political discussions are not permitted either, but for the purpose of keeping discussions civil and to avoid contentious disagreements.)

============
I should also explain the difference between legislation and regulations. Legislation is US law. "Regulations" are rules imposed by the departments and agencies of the Federal Government.

We permit discussions regarding "proposed regulation" when they are published for public comment. Here's an example: Fiduciary Standard - Now open for public comments

If there are any questions, please feel free to PM me or a moderator. Don't start a new discussion.

(Thread remains locked.)
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Mon Nov 06, 2017 10:43 pm

Bumping for visibility.
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Sat Nov 11, 2017 8:49 am

Bumping for visibility.
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Wed Nov 15, 2017 4:45 pm

Bumping for visibility.
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Sun Nov 19, 2017 10:13 am

Based on the amount of members asking questions about tax reform, this thread is now visible across all forums. Please see my post 4 up from here.

(The thread is posted in the Forum Issues and Administration forum.)
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Tue Nov 28, 2017 4:19 pm

Bumping for visibility.
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Re: Political comments and proposed tax plan remain off-topic

Post by prudent » Tue Dec 05, 2017 7:04 am

Bumping for visibility.

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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Tue Dec 05, 2017 5:03 pm

The current state of the legislation is here: H.R.1 - Tax Cuts and Jobs Act

At the time of this post, the status is "Resolving differences".

There are 2 steps to go - "To President", then "Became Law".

Tax reform discussions remain off-topic until the last step has completed.
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Re: Political comments and proposed tax plan remain off-topic

Post by LadyGeek » Thu Dec 14, 2017 4:53 pm

Bumping for visibility.
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Re: Political comments and proposed tax plan remain off-topic

Post by Mel Lindauer » Thu Dec 14, 2017 10:42 pm

Bumping for visibility.
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Re: Political comments and proposed tax plan remain off-topic

Post by Alex Frakt » Sat Dec 16, 2017 3:23 pm

Another bump. To ease the moderators' burden, threads violating this rule may be removed without any notice (or a notice limited to a link to this thread).

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