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Just got my first post tax bill paycheck, and I LOVE the 'crumbs'!
Vanity

Posted on 01/30/2018 6:41:29 AM PST by MMaschin

I've really been curious as to how the new tax law would effect my take home pay. I really believe that this mid-term election is going to focus on the law.

I'm starting this thread to see what kind of effect the new tax law is having on people's actually take home pay. My last paycheck was net 2940, and my post tax bill check is 3093, that is an increase of $153, or 5%!

If everyone is getting these kinds of 'crumbs', I think the Democrats may be in a world of hurt come November.

So, for anyone OK with it, lets hear what kind of increase you have received, no need to post what you make, just the percentage effect. For anyone bad at math, simply take the difference, 153 in my case, and divide it by the old salary, 2943 in my case, and you will get the percentage increase .0519 in my case.


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KEYWORDS: taxes
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To: pgkdan

Thnx


41 posted on 01/30/2018 9:40:17 AM PST by xkaydet65
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To: fwdude; bigredkitty1

Ooooo.... I’ll bet you’re “rich,” because we’ve been incessantly told that only the “rich” benefit from this tax break. :)


That’s right! We know this because CrazyEyes Pelousy keeps babbling on and on about you, er, this, bigredkitty1!!


42 posted on 01/30/2018 9:43:51 AM PST by Jane Long (Praise God, from whom ALL blessings flow.)
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To: Professional; MMaschin; Trump

POTUS Trump’s genius timing strikes, again!!

He needs to see this thread before tonight’s SOTU.


43 posted on 01/30/2018 9:46:16 AM PST by Jane Long (Praise God, from whom ALL blessings flow.)
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To: MMaschin

As Ann Coulter said many years ago, if there was no Tax Withholding and everyone had to pony up their Taxes on April 15th, not one Democrat would be Elected to Office.

I remember asking my Wife’s S-I-L how much she paid in Income Taxes. She tells me, I got a Refund. I again asked her how much she paid, she hadn’t a clue how much they kept.


44 posted on 01/30/2018 9:47:19 AM PST by Kickass Conservative (The way Liberals carry on about Deportation, you would think "Mexico" was Spanish for "Shithole".)
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To: texas booster

Also, as has been pointed out to me in a PM, look at asset protection issues beyond insurance - such as homesteading. This is why it is worth knowing a really good business lawyer.


45 posted on 01/30/2018 9:56:01 AM PST by narses ( For the Son of man shall come ... and then will he render to every man according to his works.)
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To: MMaschin

I got a notice yesterday that beginning with my next pension check (tomorrow), my Federal taxes will drop $75 a month. To me that’s not crumbs.


46 posted on 01/30/2018 11:12:20 AM PST by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: bigredkitty1
I took home approx $41 more. That may not be much, but
If it’s $1K annually on a $50K salary, that’s 2%.

If that “isn’t much,” tell your employer to make that an addition to your 401(k) contribution instead of putting it in your paycheck.

Then tell me what that does for your prospective retirement income!

For a typical young person, an additional 2% of gross added to the 401(k) year after year will really help his/her retirement prospects.


47 posted on 01/30/2018 2:38:37 PM PST by conservatism_IS_compassion (Presses can be 'associated,' or presses can be independent. Demand independent presses.)
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To: MMaschin

30 bucks a week for me.......30 bucks that I can spend instead of some gubmint flunky.


48 posted on 01/30/2018 7:02:43 PM PST by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite it's unfashionability)
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To: VastRWCon

So I got my first check today 1.31.2018 under the new tax code with a whopping 4.5% increase ($120.00 extra bi-weekly) that is $240 extra a month!

Go Trump!!!

#Winning


49 posted on 01/31/2018 4:15:54 AM PST by VastRWCon (LARGE PRINT GIVE IT, small print take it away.)
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Anyone else #Winning?


50 posted on 01/31/2018 12:10:47 PM PST by VastRWCon (LARGE PRINT GIVE IT, small print take it away.)
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