sublimeone
Footballguy
According to this calculator I would be paying $3,280 less in taxes under the proposed plan or $2,954 under the senate plan
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No kidding. I'm waiting to hear which Russian programmer wrote this. I have yet to put a combination in there that showed raised taxes.If it's accurate:
House Plan
You'd save $1,703
Senate Plan
You'd save $2,636
https://twitter.com/maximlottNo kidding. I'm waiting to hear which Russian programmer wrote this. I have yet to put a combination in there that showed raised taxes.
guy looks a bit squirrely for my tastes
I think he's currently in a committed relationship so it's really a non-issueguy looks a bit squirrely for my tastes
If there is any truth to this I don't see why tax reform wouldn't pass and most of the people in the political forum should be ashamed of themselves.According to this calculator I would be paying $3,280 less in taxes under the proposed plan or $2,954 under the senate plan
Oh, of course.No kidding. I'm waiting to hear which Russian programmer wrote this. I have yet to put a combination in there that showed raised taxes.
If you happen to be a self-employed/contracted farmer or a welder... then yes, absolutely.Oh great:
House Plan: You'd save $312
Senate Plan: You'd lose $1,252
I wonder if I can itemize tar and feathers. Or pitchforks and torches.
How much are your property taxes?I'm a loser under either plan.
I lose $1,680 under the house plan
I lose $3,209 under the senate plan.
Looks like capping/losing the property tax deduction will hurt.
Who cares about the future? I want to buy an even bigger big-screen NOW.I assume that's just for the next year and doesn't account for the fact that many of the tax cuts are temporary, right?
You might want to check and see what your taxes would be 3-4 years from now. Thats the caveat.Looks like I'll save around $2K either way.
Not trying to be a selfish d-bag, but that is money we could seriously use at this time of life. Kids coming up on teen years, I'm changing careers, wife going back to school, etc. Owing almost $1K on last year's taxes was a gut punch at that time. Would be nice to get a refund in future years.
Where are all the righties who were #####ing about the runaway national debt a few years back?I am not sure that I trust that calculator but if it is correct I still wonder how the republicans are going to pay for all of the lost revenue. Or doesn't that matter?
I could handle paying a little more if we were paying down the deficit or providing healthcare to those that can't afford it. But it really irks me that I am going to be paying more in taxes so corporations and wealthy pay less while the deficit soars.House plan you'd lose $459
Senate plan you'd lose $2170
I like the current tax situation best where I stay where I am, thanks.
Others seem to be missing this:I assume that's just for the next year and doesn't account for the fact that many of the tax cuts are temporary, right?
With the Deficit climbing as high as they expect, whomever is in charge in 2024 is more then likely not going to extend it .NOTE: Senate rate cuts expire in 2025 unless exended
Yep, I'm with you. I'll pay an extra $2k if there was a benefit to all Americans. This plan stinks worse than the Cowboys defense.I could handle paying a little more if we were paying down the deficit or providing healthcare to those that can't afford it. But it really irks me that I am going to be paying more in taxes so corporations and wealthy pay less while the deficit soars.
I don't think others are missing this. Most of us know this tax bill is a pile of crap.Others seem to be missing this:
I have hypertension and have to watch my sodium intake but I am taking the results given by this calculator with a huge grain of salt.I had heard us NYers get screwed under this plan because we would no longer be able to deduct state or real estate taxes from our itemized deductions but according to the calculator I would save $651 under the House plan and $1032 under the Senate plan.
Property tax deduction is up to 10k. No state though. From a state and local reduction point of view, I guess you could get hurt by this if you're paying a lot in prop taxes b/c if you're paying a lot in state taxes you should be seeing a nice drop in your federal with the new brackets to offset that.I had heard us NYers get screwed under this plan because we would no longer be able to deduct state or real estate taxes from our itemized deductions but according to the calculator I would save $651 under the House plan and $1032 under the Senate plan.
My big win is because wife and I rent and don't make enough to itemize just on NY state tax. With two kids, we basically break even, so it's just pure income tax brackets being lowered.Property tax deduction is up to 10k. No state though. From a state and local reduction point of view, I guess you could get hurt by this if you're paying a lot in prop taxes b/c if you're paying a lot in state taxes you should be seeing a nice drop in your federal with the new brackets to offset that.
There's a mortgage deduction. its just half of what is was.My big win is because wife and I rent and don't make enough to itemize just on NY state tax. With two kids, we basically break even, so it's just pure income tax brackets being lowered.
If we were homeowners on long island, we'd be singing a different tune. This will really help guys with cash to buy homes w/o financing to then rent them out. Housing prices have to come down a bit if there's no mortgage deduction.
I lost. My current tax bill is -$8000. Under the house plan I go to -$4000.No kidding. I'm waiting to hear which Russian programmer wrote this. I have yet to put a combination in there that showed raised taxes.
Yeah, you get killed b/c of the exemptions are gone.I lost. My current tax bill is -$8000. Under the house plan I go to -$4000.
Gay atheist Hillary voting organic almond butter chomping electric car driving sandal wearers? Pfffffft.This whole thing is a giant FU to California and New York.