This calculator is old with the original rates. The libs attacked trump and he changed it. I went from saving 12,000 to now probably saving 2,000...
Dam libs
I noticed a problem right away—adjusted gross income is not the same as “income after deductions.” So, it’s not clear which amount should be entered for calculations.
Trump not even a week as "President Elect"
and we have:
1. Going to stop funding UN climate change and send the $3 billion to the US states to fix their own water and air issues
2. Defund the EPA
3. Designate the Muslim Brotherhood as a terrorist organization
4. I just used the TrumpTax plan and will save $5K
We just may get tired of winning...nah
Trump not even "President Elect" a whole week yet.
Is there an Obamacare code for "excessive winning syndrome"
I know there is one for "bit by a moose"
"stunned by beber"
"struck by a low flying pig"
"OMG my IRS tax will go down BIGLY"
If this is accurate I will keep working full time. If not I will be forced to scale back my hours. I am paying so much in taxes that I can’t afford to work.
If true, this would be good for a couple of senior citizens in their late 70’s:
Under Trump’s plan you would owe the IRS: $2,500.00
Under the current tax code you owe the IRS: $10,338.00
Under Trumps plan you would save: $7,838.00 or 75.82%
Before I celebrate, I need to see what he is going to do for small businesses and pass-through income. I have seen conflicting information about that.
I’ll come out ahead no matter what.
Ping for later review.