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Trump 'tax cut' bill
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gggg...@gmail.com
Mar 7, 2019, 12:42:13 PM3/7/19
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tra...@optonline.net
Mar 9, 2019, 7:17:16 AM3/9/19
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On Thursday, March 7, 2019 at 12:42:13 PM UTC-5, gggg...@gmail.com wrote:
> https://www.washingtonpost.com/business/2019/03/07/its-time-pay-taxes-boy-are-people-steamed-about-trump-tax-cut-bill/?utm_term=.b4a6dee8eaf2
Most that are steamed don't understand the difference between a tax cut
and getting a smaller refund or owing money because less was withheld from your
pay because you didn't correctly adjust withholding. Most of them are
paying less taxes and also getting smaller refunds. And of course the
media aren't going to explain that, because they hate Trump.
> https://www.washingtonpost.com/business/2019/03/07/its-time-pay-taxes-boy-are-people-steamed-about-trump-tax-cut-bill/?utm_term=.b4a6dee8eaf2
Most that are steamed don't understand the difference between a tax cut
and getting a smaller refund or owing money because less was withheld from your
pay because you didn't correctly adjust withholding. Most of them are
paying less taxes and also getting smaller refunds. And of course the
media aren't going to explain that, because they hate Trump.
catalpa
Mar 9, 2019, 4:14:48 PM3/9/19
to
<tra...@optonline.net> wrote in message
news:bff81908-edcd-451a...@googlegroups.com...
subtract so they only look at the size of the refund or tax due.
The group with actual tax increases are the high income earners that cannot
deduct their high state and local taxes.
gggg...@gmail.com
Mar 24, 2019, 9:29:57 PM3/24/19
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On Thursday, March 7, 2019 at 7:42:13 AM UTC-10, gggg...@gmail.com wrote:
> https://www.washingtonpost.com/business/2019/03/07/its-time-pay-taxes-boy-are-people-steamed-about-trump-tax-cut-bill/?utm_term=.b4a6dee8eaf2
https://www.salon.com/2019/03/21/trumps-own-economists-now-agree-gop-tax-cuts-are-failing-to-spark-growth/
> https://www.washingtonpost.com/business/2019/03/07/its-time-pay-taxes-boy-are-people-steamed-about-trump-tax-cut-bill/?utm_term=.b4a6dee8eaf2
https://www.salon.com/2019/03/21/trumps-own-economists-now-agree-gop-tax-cuts-are-failing-to-spark-growth/
gggg...@gmail.com
Apr 11, 2019, 11:54:59 PM4/11/19
to
On Thursday, March 7, 2019 at 7:42:13 AM UTC-10, gggg...@gmail.com wrote:
> https://www.washingtonpost.com/business/2019/03/07/its-time-pay-taxes-boy-are-people-steamed-about-trump-tax-cut-bill/?utm_term=.b4a6dee8eaf2
https://www.pbs.org/newshour/show/the-financial-political-and-psychological-implications-of-tax-reform
> https://www.washingtonpost.com/business/2019/03/07/its-time-pay-taxes-boy-are-people-steamed-about-trump-tax-cut-bill/?utm_term=.b4a6dee8eaf2
Dennis
Apr 15, 2019, 4:07:35 PM4/15/19
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We wound up paying several thousand beyond withholdings for TY2018,
but that was mostly my fault because I forgot to adjust my 2018 W4
withholding after 2 kids finished college and the (signifcant)
associated deductions and credits went away.
As far as the actual tax rate, we paid 8.2% for TY2017 and 8.8% for
TY2018 (total tax/total income). Not apples-to-apples, but considering
2 fewer deductions/credits for TY2018 vs. TY2017, I think my taxes
would have been in lower in 2018 with the new tax rules and rates if
we were still eligible for the same deductions that we had in TY2017.
Dennis (evil)
--
My output is down, my income is up, I take a short position on the long bond and
my revenue stream has its own cash flow. -George Carlin
but that was mostly my fault because I forgot to adjust my 2018 W4
withholding after 2 kids finished college and the (signifcant)
associated deductions and credits went away.
As far as the actual tax rate, we paid 8.2% for TY2017 and 8.8% for
TY2018 (total tax/total income). Not apples-to-apples, but considering
2 fewer deductions/credits for TY2018 vs. TY2017, I think my taxes
would have been in lower in 2018 with the new tax rules and rates if
we were still eligible for the same deductions that we had in TY2017.
Dennis (evil)
--
My output is down, my income is up, I take a short position on the long bond and
my revenue stream has its own cash flow. -George Carlin
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