HighNDry wrote: ↑Sat Apr 13, 2019 1:29 am
All I know is that my tax return sucked ass this year.
I had basically the same income and same deductions for 2017 and 2018, had to write a check for $500 to the IRS for 17, for 18 I got a $3500 refund.
this is exactly the kind of story that i have been waiting to hear. i have been wondering what the "actual" effect of that tax legislation would mean. I won't have my taxes done until october, so i have really been anxious to start hearing some real (honest) stories. Just talking to people in general, my conservative friends think it will be a good savings on taxes. My democratic friends all say that it won't make any difference at all in taxes. They say that for every cut, there was some deduction dropped to counter act it.
Even the CPA's have had a hard time explaining what the real effect will be.
By 2026 most of the tax advantages for individuals will be gone. Only businesses will keep their cuts. Meanwhile the country it's saddled with an additional trillion dollars in debt with 60 of the biggest companies in this country reporting they paid zero Federal taxes do to breaks and loopholes. That is 3 times as many companies from 2005-2015.
Tuesday wrote: ↑Sat Apr 13, 2019 8:14 pm
Has the Dotard handed over his taxes yet or still hiding them like the scared little bitch he is?
Post yours.
that's my response to the people that ask this. i would never let people see my tax returns. its none of their business. if there is anything illegal in them, the IRS will figure it out.
Tuesday wrote: ↑Sat Apr 13, 2019 8:14 pm
Has the Dotard handed over his taxes yet or still hiding them like the scared little bitch he is?
Post yours.
that's my response to the people that ask this. i would never let people see my tax returns. its none of their business. if there is anything illegal in them, the IRS will figure it out.
Not one of us (esp the Canadians) will ever become PotUS, and have possible gains to our business dealings either as a presidential candidate or as the sitting president. Our president is Civil Servant #1 and is supposed to be serving to the benefit of the citizens of this country, and not to his bank account.
If you can't be a good example, you can still serve as a horrible warning.
“All mushrooms are edible. Some even more than once!”
これを グーグル 翻訳に登録してくれておめでとう、バカ。
Tuesday wrote: ↑Sat Apr 13, 2019 8:14 pm
Has the Dotard handed over his taxes yet or still hiding them like the scared little bitch he is?
Post yours.
that's my response to the people that ask this. i would never let people see my tax returns. its none of their business. if there is anything illegal in them, the IRS will figure it out.
Not one of us (esp the Canadians) will ever become PotUS, and have possible gains to our business dealings either as a presidential candidate or as the sitting president. Our president is Civil Servant #1 and is supposed to be serving to the benefit of the citizens of this country, and not to his bank account.
i guess that's the reason the first thing they do when they get out of office is have their wife and themselves write books. Then the speaking tours at $100k a pop (or more).
WestTexasCrude wrote: ↑Sat Apr 13, 2019 12:22 am
Notice your 1040 tax form this year. Crunched down to near post card level. Another Trump campaign promise fulfilled. The winning never ends. My Dad said what used to take him 2 1/2 days ( retirement benefits, stocks, etc) he finished in 2 hours. I'm late and expect I'll have to expend maybe 10 minutes in the effort.
Tuesday wrote: ↑Sat Apr 13, 2019 8:14 pm
Has the Dotard handed over his taxes yet or still hiding them like the scared little bitch he is?
Post yours.
that's my response to the people that ask this. i would never let people see my tax returns. its none of their business. if there is anything illegal in them, the IRS will figure it out.
Not one of us (esp the Canadians) will ever become PotUS, and have possible gains to our business dealings either as a presidential candidate or as the sitting president. Our president is Civil Servant #1 and is supposed to be serving to the benefit of the citizens of this country, and not to his bank account.
If I become president it'll be because everybody else died. Or they offer a shit ton of money. Either way odds are I won't end up as president.
Stapes wrote: ↑Sat Apr 13, 2019 7:05 pm
By 2026 most of the tax advantages for individuals will be gone. Only businesses will keep their cuts. Meanwhile the country it's saddled with an additional trillion dollars in debt with 60 of the biggest companies in this country reporting they paid zero Federal taxes do to breaks and loopholes. That is 3 times as many companies from 2005-2015.
Imagine if Amazon actually paid Federal taxes and we closed some loopholes? Its amazing to me that I paid more in Federal taxes than Amazon. Dont lump ALL businesses in with those behemoths. Most business owners are people like me: a regular guy just trying to do the best he can. We're your neighbors, brothers and friends. Small business owners are the largest employer in the nation and we are the economic engine that drives this country. Its ok that we finally got a tax cut.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
Dude........ Nobody is lumping in small business. Just stating a fact about the cuts and how they aren't permanent for all these non business individuals who are clapping their hands while they were hoodwinked again.
I think i have posted here enough to show my iissues are with big corporate interests and the politicians who cater to them with slack rules, no oversight, anti labor legislation and basically stacking the deck in favor of the wealthy few against the regular guy and small businesses. For most people in this country it's just try to keep your head above water.
Blast wrote: ↑Sat Apr 13, 2019 4:12 pm
I got fucked by going from married to divorced.
What fucked you over? A friend was asking.
It was not having the deductions. Married with a kid would have reduced the tax burden a bit by giving me 2 additional deductions and also putting mr. In the married tax bracket which is a bit lower.
If life were fair every guy's dick would be the same size.
Tuesday wrote: ↑Sat Apr 13, 2019 8:14 pm
Has the Dotard handed over his taxes yet or still hiding them like the scared little bitch he is?
Post yours.
that's my response to the people that ask this. i would never let people see my tax returns. its none of their business. if there is anything illegal in them, the IRS will figure it out.
Not one of us (esp the Canadians) will ever become PotUS, and have possible gains to our business dealings either as a presidential candidate or as the sitting president. Our president is Civil Servant #1 and is supposed to be serving to the benefit of the citizens of this country, and not to his bank account.
i guess that's the reason the first thing they do when they get out of office is have their wife and themselves write books. Then the speaking tours at $100k a pop (or more).
At that point they're no longer either a candidate or the president. Now they're a private citizen again, and I don't really care what they do. But as a candidate and sitting official holder, we really should have some idea what they may using their public position for.
If you can't be a good example, you can still serve as a horrible warning.
“All mushrooms are edible. Some even more than once!”
これを グーグル 翻訳に登録してくれておめでとう、バカ。
Not only did I have to do my 1040 long (no friggin' postcard!), but I gave back the piddling pay increase the Rethugs were bragging about to us poor schmucks, while they were giving tons of cash to their corporate masters and 1%ers.
And in NJ I'm barely middle class.
P.S. Looking forward to that new W-4 the IRS is going to inflict on us. Sounds like another screwing!
P.P.S.
Nationally, refunds are down some $6 billion compared to last year and 1.6 million fewer people are getting them.
Nationally, refunds are down some $6 billion compared to last year and 1.6 million fewer people are getting them.
You can't look at the number of refunds or the amount of said refunds to get a true analysis. You have to look at whether or not people actually paid more or less in taxes for the year. It may be that taxes went up overall and I'm not taking a side here, just saying that just because refunds are down doesn't mean taxes went up. I paid more in taxes this year because of the cap on SALT (I'm in NY with its ridiculous property taxes), but I have friends who make significantly less than me and they paid much less in taxes this year and got a refund.
Nationally, refunds are down some $6 billion compared to last year and 1.6 million fewer people are getting them.
You can't look at the number of refunds or the amount of said refunds to get a true analysis. You have to look at whether or not people actually paid more or less in taxes for the year. It may be that taxes went up overall and I'm not taking a side here, just saying that just because refunds are down doesn't mean taxes went up. I paid more in taxes this year because of the cap on SALT (I'm in NY with its ridiculous property taxes), but I have friends who make significantly less than me and they paid much less in taxes this year and got a refund.
I think the folks that got surprised were mostly ones that didn't realize the IRS had changed W-4 withholding (without making a lot of mention about it=higher looking paycheck for average schmuck).
Now the IRS is coming out with a nightmare of a new W-4 calculator so businesses withhold enough. And inflicting it on regular taxpayers (postcard size tax form my ass). And people will get to see what they really got out of that tax giveaway!
It smells like a political move to make regular people's paychecks look bigger than they should have been under the Rethugs new tax giveaway to their bosses.
Last edited by FSchmertz on Sun Apr 14, 2019 5:27 pm, edited 2 times in total.
FSchmertz wrote: ↑Sun Apr 14, 2019 4:39 pm
Just did my taxes.
Not only did I have to do my 1040 long (no friggin' postcard!), but I gave back the piddling pay increase the Rethugs were bragging about to us poor schmucks, while they were giving tons of cash to their corporate masters and 1%ers.
And in NJ I'm barely middle class.
P.S. Looking forward to that new W-4 the IRS is going to inflict on us. Sounds like another screwing!
P.P.S.
Nationally, refunds are down some $6 billion compared to last year and 1.6 million fewer people are getting them.
I got the news from my accountant yesterday. This year refund is $1066 less than the previous year, and I brought home $900 more from the "tax cuts" ($20 a week, -7 weeks out due to illness), so I lost $26.
