Posted on 12/13/2017 12:25:07 PM PST by Kaslin
We are by no means wealthy and all the numbers I’ve ran says ours go up. I’d call us healthy middle class.
Good luck with that!
We are so effed.
In a State like Florida, where Trump only won by 100,000 votes, the combination of a couple of hundred thousand Puerto Ricans moving here and the PISSED OFF middle class families that itemize their deductions and will be seeing their taxable income SKYROCKET ensures that he doesn’t get re elected in 2020.
By the way, my goddamned medical deductible is still $6,800 up from $500 before Obamacare, the GOP hasn’t done dick about that, but they have figured out a way to make pay their corrupt degenerate criminal asses another $12,000 a year.
I want the same goddamned deductions that corporations can take, he didn’t run on this because if he did, HE WOULDN’T HAVE WON IN THE FIRST PLACE.
Well that’s a helpful suggestion...NOT!
And paying $19,000 per year on interest alone? OK, if you say so.......You're certainly in a higher income bracket than I ever was and definitely in a higher taxed state than where I live..........
If you can’t even figure out mortgage interest deductions you really ought not to be commenting on threads like this.
TRUMP DIDN’T CAMPAIGN ON TAKING AWAY THE STATE AND LOCAL INCOME TAX DEDUCTION FROM W-2 WORKERS.
THIS IS THE BIGGEST SCAM IN AMERICAN HISTORY
I'm totally aware of that knucklehead.........Sheesh!
You might want to direct your comment to Mariner..........
“WE do not know for a certainty what’s in it”
Is it your contention that both the House and Senate bills will not be the basis for the “reform”?
That they are deceiving us and they will bring something completely different out of conference?
The bill makes me choose either to take state and local taxes or property tax deductions. It doubles the standard deduction as well. I am in NJ. All in all it lowers my tax bill overall which I am happy about. I do not like that it raises taxes for some. Simple solution would have to been to slash rates from top to bottom and corp tax rates as well. A one page bill.
Your taxable income is only one data point.
What are the marginal tax brackets? What are the thresholds?
Your taxable income could go up, and your tax liability still go down.
Darn. I just finished telling all my clients to defer income into next year because of lower tax rates. Guess I better retract my advice.
And my clients are in CT.
A majority of the people in the US think they pay income taxes. They don’t. They pay FICA and Medicare.
But, you cannot explain stuff to people who also think they need to pay HR block to do their 1040EZ.
Hey, watch your filthy mouth.
California. We retired in the middle of 2017, so we'll be fully retired next year. One on social security. The other with a modest pension (not government, teacher, union, etc.). My estimates are comparing the current tax rates with the proposed tax plans without taking a deduction for state income or sales tax. As it is, that deduction would be less than $1,000.
If the Feds want to tax interest income inflow, ALL paid out Interest should be deductible as it’s NOT YOUR INCOME!
It’s someone else’s Income.
Simple really.
Tbats a lie.. My middle income taxes will increase per the Senate documents available. So, how about telling the truth as the documents show. Middle Amerca is paying for all the spending... and there is a lot of it, in the bill. Unless you have several children. Facts only, using source documents.
Isn't that where EITC "refunds" come from?
“Hey a$$hole.”
Hey D-Bag, you many want to wait until you see the final product and then you can whine about how your taxes go up.
You seem to be a sage and knowing things others don’t.
ASSUMing...
You appear quite premature in your melodrama.
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