|
Post by northsider on Apr 15, 2019 14:19:13 GMT -6
“Winning” must be fun for the clueless minions of an self absorbed greedy idiot. While my income did go up slightly last year, it was nowhere near the 6% you claim snipey. The 2% increase I had was not 2% more in taxes paid, it was a 2% increase in my effective tax rate. When the idiot in chief got his great new tax cut, he didn’t just lower the tax rates and double the standard deduction, he also eliminated a whole bunch of tax deductions. Of course he expanded his deductions and made his tax cuts permanent as opposed to the temporary “cuts” that we got. So snipey, while you may think you are a tax expert as well as an expert on just about everything else, in this case you are clueless. Ah, so you think the rich ( you ) should get deductions the poor peasant ( me ) does not get? How very Patrician of you. Perhaps you could explain to us how he expanded his deductions? Last I knew all the blue state millionaires were screaming about the loss of deductions. www.usatoday.com/story/news/nation-now/2017/12/20/new-tax-plan-make-trumps-family-richer-experts-say-heres-how/970834001/The interesting part is the pass-through tax breaks that really benefit Trump. If I recall they weren’t in the bill the passed the house or senate but somehow made it into the final reconciliation bill that was passed. How convenient for the idiot in chief. As for me being rich, that’s just funny. Just because the idiots tax cut plan didn’t work doesn’t mean I’m rich, it just means you’re an idiot for thinking it was passed for anyone but the truly wealthy.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 15, 2019 15:15:11 GMT -6
Ah, so you think the rich ( you ) should get deductions the poor peasant ( me ) does not get? How very Patrician of you. Perhaps you could explain to us how he expanded his deductions? Last I knew all the blue state millionaires were screaming about the loss of deductions. www.usatoday.com/story/news/nation-now/2017/12/20/new-tax-plan-make-trumps-family-richer-experts-say-heres-how/970834001/The interesting part is the pass-through tax breaks that really benefit Trump. If I recall they weren’t in the bill the passed the house or senate but somehow made it into the final reconciliation bill that was passed. How convenient for the idiot in chief. As for me being rich, that’s just funny. Just because the idiots tax cut plan didn’t work doesn’t mean I’m rich, it just means you’re an idiot for thinking it was passed for anyone but the truly wealthy. One question is did your Federal or State taxes or both go up.......Personally I would be quite fine if they changed the whole system and went to some type of flat tax where everyone paid the same with no loophole right offs included for the wealthy.
|
|
|
Post by OutlawwithaSnipeSniper on Apr 16, 2019 7:25:52 GMT -6
One question is did your Federal or State taxes or both go up.......Personally I would be quite fine if they changed the whole system and went to some type of flat tax where everyone paid the same with no loophole right offs included for the wealthy. Bingo, the only problem is there really aren't any write offs any more unless you are a full on business. The Left loves to talk about all the tax breaks the "rich" get, but that flies in the face of the reality of the amount they pay. I just found it funny that Northsider is whining about the rich and then complaining he lost his write offs. To a lesser extent our mutual Operator buddy was doing the same thing. Make it 10 percent for EVERYONE, no exceptions, no deductions, then you would see not only Home values normalize, but you would see a BUNCH of people who get freebies start screaming about them.
|
|
|
Post by Blue Star on Apr 17, 2019 7:32:23 GMT -6
Locally the taxes of many have risen, per a local CPA, when I picked mine up. Period.
|
|
|
Post by OutlawwithaSnipeSniper on Apr 17, 2019 7:53:04 GMT -6
Locally the taxes of many have risen, per a local CPA, when I picked mine up. Period. Locally, the wages have gone up of many, Period. Please do describe how ANYONE'S Federal taxes went up, short of the aforementioned loss of "Loopholes" ( Lefts term, not mine ). Use Math.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 17, 2019 22:26:51 GMT -6
|
|
|
Post by OutlawwithaSnipeSniper on Apr 18, 2019 9:56:05 GMT -6
Agreed, the only problem is these are the "connected" companies. Though I hate the idea of treating one Corporation different than another the same way I do personal, perhaps we need to have a "progressive" Corporate income tax to stop these behemoths from abusing incentives meant for much smaller Corporations? Either that or break them up, which would be preferred in my book.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 30, 2019 9:15:25 GMT -6
|
|
|
Post by ironeagle on Apr 30, 2019 10:13:09 GMT -6
Let's see here my wife works for Cat. Her raise pre tax cuts last year was 30 cents an hour. This year it was double that at 60 cents and hour more. Her quarterly bonus pre cuts was 250 now it is running at 500 a quarter. Annual one was 1k a year this year will be 2500 for the year we have already seen the paperwork. Her take home pay jumped before her wage was increased almost 100 a paycheck and by 130 after her wages jumped and we increased her 401k contribution also. For us the Tax bill has been a massive increase in money we have to spend.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 30, 2019 14:03:43 GMT -6
Let's see here my wife works for Cat. Her raise pre tax cuts last year was 30 cents an hour. This year it was double that at 60 cents and hour more. Her quarterly bonus pre cuts was 250 now it is running at 500 a quarter. Annual one was 1k a year this year will be 2500 for the year we have already seen the paperwork. Her take home pay jumped before her wage was increased almost 100 a paycheck and by 130 after her wages jumped and we increased her 401k contribution also. For us the Tax bill has been a massive increase in money we have to spend. I'm just posting what's out there man, I'm sure there are variables on both sides of the equation
|
|
|
Post by northsider on Apr 30, 2019 15:01:46 GMT -6
Let's see here my wife works for Cat. Her raise pre tax cuts last year was 30 cents an hour. This year it was double that at 60 cents and hour more. Her quarterly bonus pre cuts was 250 now it is running at 500 a quarter. Annual one was 1k a year this year will be 2500 for the year we have already seen the paperwork. Her take home pay jumped before her wage was increased almost 100 a paycheck and by 130 after her wages jumped and we increased her 401k contribution also. For us the Tax bill has been a massive increase in money we have to spend. Don’t get to use to those massive tax cuts. Your wife’s expire in a few years. The good thing is that Cats don’t expire so maybe they’ll pass that savings on down. I wouldn’t hold my breath on that one though.
|
|
|
Post by OutlawwithaSnipeSniper on May 1, 2019 7:13:41 GMT -6
Let's see here my wife works for Cat. Her raise pre tax cuts last year was 30 cents an hour. This year it was double that at 60 cents and hour more. Her quarterly bonus pre cuts was 250 now it is running at 500 a quarter. Annual one was 1k a year this year will be 2500 for the year we have already seen the paperwork. Her take home pay jumped before her wage was increased almost 100 a paycheck and by 130 after her wages jumped and we increased her 401k contribution also. For us the Tax bill has been a massive increase in money we have to spend. I'm just posting what's out there man, I'm sure there are variables on both sides of the equation I agree with posting what is out there, with the caveat that people can actually discern bullcrap from butter. According to the "information" the Guardian has put forth, we should be seeing lower wage growth than even during the Obama Administration. You have to ask yourself, "Is this the case?" After you realize it is not, you have to call the Guardian out on its false reporting.
|
|
|
Post by OutlawwithaSnipeSniper on May 1, 2019 7:14:41 GMT -6
Let's see here my wife works for Cat. Her raise pre tax cuts last year was 30 cents an hour. This year it was double that at 60 cents and hour more. Her quarterly bonus pre cuts was 250 now it is running at 500 a quarter. Annual one was 1k a year this year will be 2500 for the year we have already seen the paperwork. Her take home pay jumped before her wage was increased almost 100 a paycheck and by 130 after her wages jumped and we increased her 401k contribution also. For us the Tax bill has been a massive increase in money we have to spend. Don’t get to use to those massive tax cuts. Your wife’s expire in a few years. The good thing is that Cats don’t expire so maybe they’ll pass that savings on down. I wouldn’t hold my breath on that one though. Nah, when the Republicans take everything back, they will make them permanent, just like you Dems did with the INCREASE here in Illinois.
|
|
|
Post by ironeagle on May 1, 2019 8:16:50 GMT -6
The tax increase here in Illinois dang near wiped out the savings we got in the Federal cuts for the most part. Now those of us here in Illinois get to bend over and prepare for Round 2 of the tax hikes coming from Madigan and Jelly Belly with out the Benefit of Lubricant being applied.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 1, 2019 8:37:58 GMT -6
I'm just posting what's out there man, I'm sure there are variables on both sides of the equation I agree with posting what is out there, with the caveat that people can actually discern bullcrap from butter. According to the "information" the Guardian has put forth, we should be seeing lower wage growth than even during the Obama Administration. You have to ask yourself, "Is this the case?" After you realize it is not, you have to call the Guardian out on its false reporting. Perhaps it gets a little boring on here if someone doesn't stir the pot once in awhile 😎
|
|