Posted on 12/03/2017 3:05:35 PM PST by richardb72
Find what the GOP tax plans mean for YOU. A simple calculator that is easy for everyone to use.
Looks like I’ll be saving some $$$, if this is accurate.
Thank you, I save $2770 or $2444.
This sucks. I pay more. Thanks, GOP.
We lose $200-400.
This calculator doesn’t have 401k or equivalent, fsa/hsa, employer payroll medical deductions and a number of other things.
Fat-fingered the wrong estimate income. We lose $600-800 with the new plans.
Will need a new one next week LOL!
They’ll sweeten it slightly for individuals in conference IMO.
Pretty similar results to what I have seen in other calculators poster here on FR. I plan to retire early in the next year or two and have built our retirement so that I can throttle our income to what ever is most beneficial to us. Under obumbercare, I can get almost fully subsidized. Medical was the biggest unknown.
I expected to have an increase while I am still working and then benefit once retired. At my current $250k, we do not itemize because we do not owe any money to anybody and our property tax is low. I’ll save $6k to $7k. Then only about $1k after I retire. This is much better then I expected.
Thanks for posting. Could be more money back in my pocket with both House and Senate plan. I’m single, and don’t itemize deductions...have only pension and social security. It would be nice, but won’t hold my breath waiting.
Learn something everyday.
All of the calculators have told us a savings of between 2500 and 3200.
Question:
If I run a micro business do I use Gross or AG for this calculator?
I think this calculator is bogus because even when I started making up numbers and each time it said my savings were 0.
Senate: You’d save $2,230
House: You’d save $1,964
Either or IMO.
Nice vacation fund starter.
I can see it... the search for the best lobster roll on the northeast coast.
#MAGA
All these calculators are junk unless your the kind of taxpayer who can file on a 1040EZ. There is just too much complexity. I will have no idea if my taxes will go up or down next year until the TurboTax spits it out in March.
I lose over $2k with either version.
Why are there no calculators for C-Corps and S-Corps?
Like these don’t exist? Or just the lower-echelon ones don’t matter?
They don’t care about medium successful class. Between $100K and $300K? We are expendable. Meaningless and useless.
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