Is the tax bill supposed to apply to the 2017 tax year?

[unblock]

That is, are all these great new “incentives” for the rich supposed to apply to decisions they’ve already made?

[tinrobot]

1. Nope. Not legal.

They can't retroactively change a law.

[Bettie]

2. I have no doubt that legal or not

they would try if their donors said to.

[unblock]

4. not entirely true.

they certainly can't criminalize something that was legal at the time, that's clearly unconstitutional ex post facto legislation.

however, tax changes can apply to the current year. for example, shrub's 2001 tax cut was passed in june 2001 but applied to the entire year, even though it was half over.

in fact it even included a "rebate" of 2000 taxes.


i'm guessing that only cuts can apply retroactively, not increases, but not sure about that, especially not with this lot in charge....

[D_Master81]

3. 2017 tax year

the IRS 2017 tax code is likely all but finished. I dont know if there is certain dates when that has to be finalized, but i would imagine this is for the 2018 tax year.

[unblock]

5. tax forms are usually not finalized until around this time of year anyway.

in fact there are often more than a few forms that aren't even done until january or so.

[still_one]

6. The one solution to this garbage is taking back Congress in 2018, and reverse it