and lots of middle class people are bitching already because their tax refunds are lower or even have to pay now. yet so many thought this guy would help them. idiots.
You know - tax refund size is a really stupid way to determine if the tax laws have helped or hurt people. It's only 1 piece of the equation.
and lots of middle class people are bitching already because their tax refunds are lower or even have to pay now. yet so many thought this guy would help them. idiots.
You know - tax refund size is a really stupid way to determine if the tax laws have helped or hurt people. It's only 1 piece of the equation.
agree, but two things. one his tax laws are going to screw the middle and lower class in the long run. and second cutting their tax returns points out to the less astute people that the tax law is screwing them. it's just another issue to move some of his moron supporters away from him. it's a bad look for him when he is touting the economy. people will see their's cut and not like it much even if they are receiving a tad more per paycheck.
and lots of middle class people are bitching already because their tax refunds are lower or even have to pay now. yet so many thought this guy would help them. idiots.
You know - tax refund size is a really stupid way to determine if the tax laws have helped or hurt people. It's only 1 piece of the equation.
You're right! Corporations got to buyback stocks. While their primary shareholders saw their stock values go up bc they were less diluted. So it had a doubling effect to hurt poor/middle class, while helping the rich get richer.
But I'm sure you have a perfectly cromulent explanation as to how there's very fine people on both sides here.
WI 6/27/98 WI 10/8/00 MO 10/11/00 IL 4/23/03 MN 6/26/06 MN 6/27/06 WI 6/30/06 IL 8/5/07 IL 8/21/08 (EV) IL 8/22/08 (EV) IL 8/23/09 IL 8/24/09 IN 5/7/10 IL 6/28/11 (EV) IL 6/29/11 (EV) WI 9/3/11 WI 9/4/11 IL 7/19/13 NE 10/09/14 IL 10/17/14 MN 10/19/14 FL 4/11/16 IL 8/20/16 IL 8/22/16 IL 08/18/18 IL 08/20/18 IT 07/05/2020AT 07/07/2020
and lots of middle class people are bitching already because their tax refunds are lower or even have to pay now. yet so many thought this guy would help them. idiots.
You know - tax refund size is a really stupid way to determine if the tax laws have helped or hurt people. It's only 1 piece of the equation.
You're right! Corporations got to buyback stocks. While their primary shareholders saw their stock values go up bc they were less diluted. So it had a doubling effect to hurt poor/middle class, while helping the rich get richer.
But I'm sure you have a perfectly cromulent explanation as to how there's very fine people on both sides here.
Ummm, that response had nothing to do with my comment.
To figure out if the new tax laws have helped or hurt you, you need to consider if you had additional "take home" pay each paycheck. Just because your refund is reduced doesn;t mean you paid more taxes. You may have gotten your $ sooner. So, this needs a tiny bit deeper dive. Could still mean people got less, not saying it doesn;t. But alone it doesn't mean shit.
I always feel bad for the idiot americans that think a big refund is great...they just gave the US government an interest free loan for a year and they are happy about it. Dummies.
and lots of middle class people are bitching already because their tax refunds are lower or even have to pay now. yet so many thought this guy would help them. idiots.
You know - tax refund size is a really stupid way to determine if the tax laws have helped or hurt people. It's only 1 piece of the equation.
agree, but two things. one his tax laws are going to screw the middle and lower class in the long run. and second cutting their tax returns points out to the less astute people that the tax law is screwing them. it's just another issue to move some of his moron supporters away from him. it's a bad look for him when he is touting the economy. people will see their's cut and not like it much even if they are receiving a tad more per paycheck.
1) Perhaps. It seems like a risk for sure. 2) It may appear to point it out to them, but again, it doesn't mean they paid more tax.
And I don;t know why but I feel like I have to reiterate it every time (you know since some (not you here pjhawks) seem to think anytime you aren't jumping on the bandwagon of everything trump related is immediately the worst thing in the world)...if you look back, I was not for this tax reform. I feel they had some good in it and some bad and I wouldn't have voted for it.
and lots of middle class people are bitching already because their tax refunds are lower or even have to pay now. yet so many thought this guy would help them. idiots.
You know - tax refund size is a really stupid way to determine if the tax laws have helped or hurt people. It's only 1 piece of the equation.
You're right! Corporations got to buyback stocks. While their primary shareholders saw their stock values go up bc they were less diluted. So it had a doubling effect to hurt poor/middle class, while helping the rich get richer.
But I'm sure you have a perfectly cromulent explanation as to how there's very fine people on both sides here.
Ummm, that response had nothing to do with my comment.
To figure out if the new tax laws have helped or hurt you, you need to consider if you had additional "take home" pay each paycheck. Just because your refund is reduced doesn;t mean you paid more taxes. You may have gotten your $ sooner. So, this needs a tiny bit deeper dive. Could still mean people got less, not saying it doesn;t. But alone it doesn't mean shit.
I always feel bad for the idiot americans that think a big refund is great...they just gave the US government an interest free loan for a year and they are happy about it. Dummies.
You know how I know you didn't read the article....?
Back in 2017, as the tax bill moved on the Hill, lawmakers claimed the cut they proposed in the corporate tax rate to 21 percent from 35 percent would trickle down to workers in the form of higher wages and bonuses.
The Bureau of Labor Statistics reported nominal wages increased 3.2 percent in January year over year, and by less than one percent — three cents to $27.56 — month over month.
Bonuses have registered less of an impact, increasing just 2 cents an hour in the first nine months of 2018. The increase was "imperceptible," "Whatever growth in bonuses has taken place is not necessarily attributable to the tax cuts, rather than employer efforts to recruit workers in a continued low unemployment environment."
By all accounts, companies poured a hefty portion of the tax windfall into buying back shares, a move designed to at least temporarily boost stock prices, which benefits executives and other large stockholders.
I feel bad for the idiot Americans who fell for the trickle down promise....again. Dummies.
WI 6/27/98 WI 10/8/00 MO 10/11/00 IL 4/23/03 MN 6/26/06 MN 6/27/06 WI 6/30/06 IL 8/5/07 IL 8/21/08 (EV) IL 8/22/08 (EV) IL 8/23/09 IL 8/24/09 IN 5/7/10 IL 6/28/11 (EV) IL 6/29/11 (EV) WI 9/3/11 WI 9/4/11 IL 7/19/13 NE 10/09/14 IL 10/17/14 MN 10/19/14 FL 4/11/16 IL 8/20/16 IL 8/22/16 IL 08/18/18 IL 08/20/18 IT 07/05/2020AT 07/07/2020
and lots of middle class people are bitching already because their tax refunds are lower or even have to pay now. yet so many thought this guy would help them. idiots.
You know - tax refund size is a really stupid way to determine if the tax laws have helped or hurt people. It's only 1 piece of the equation.
You're right! Corporations got to buyback stocks. While their primary shareholders saw their stock values go up bc they were less diluted. So it had a doubling effect to hurt poor/middle class, while helping the rich get richer.
But I'm sure you have a perfectly cromulent explanation as to how there's very fine people on both sides here.
Ummm, that response had nothing to do with my comment.
To figure out if the new tax laws have helped or hurt you, you need to consider if you had additional "take home" pay each paycheck. Just because your refund is reduced doesn;t mean you paid more taxes. You may have gotten your $ sooner. So, this needs a tiny bit deeper dive. Could still mean people got less, not saying it doesn;t. But alone it doesn't mean shit.
I always feel bad for the idiot americans that think a big refund is great...they just gave the US government an interest free loan for a year and they are happy about it. Dummies.
You know how I know you didn't read the article....?
Back in 2017, as the tax bill moved on the Hill, lawmakers claimed the cut they proposed in the corporate tax rate to 21 percent from 35 percent would trickle down to workers in the form of higher wages and bonuses.
The Bureau of Labor Statistics reported nominal wages increased 3.2 percent in January year over year, and by less than one percent — three cents to $27.56 — month over month.
Bonuses have registered less of an impact, increasing just 2 cents an hour in the first nine months of 2018. The increase was "imperceptible," "Whatever growth in bonuses has taken place is not necessarily attributable to the tax cuts, rather than employer efforts to recruit workers in a continued low unemployment environment."
By all accounts, companies poured a hefty portion of the tax windfall into buying back shares, a move designed to at least temporarily boost stock prices, which benefits executives and other large stockholders.
I feel bad for the idiot Americans who fell for the trickle down promise....again. Dummies.
I’m not talking about wage increase. Is this really that difficult for you to understand?
So, not withholding what was previously withheld is considered a tax cut? And then adjusting the tax withholding tables, and unless you made adjustments you’re going to pay, without publicizing this aspect equals a great middle class tax cut? Meanwhile, 80% of the benefit goes to the top 10%. Please let me know when this is next years stimulus so I can bend over again. Suckers.
and lots of middle class people are bitching already because their tax refunds are lower or even have to pay now. yet so many thought this guy would help them. idiots.
You know - tax refund size is a really stupid way to determine if the tax laws have helped or hurt people. It's only 1 piece of the equation.
You're right! Corporations got to buyback stocks. While their primary shareholders saw their stock values go up bc they were less diluted. So it had a doubling effect to hurt poor/middle class, while helping the rich get richer.
But I'm sure you have a perfectly cromulent explanation as to how there's very fine people on both sides here.
Ummm, that response had nothing to do with my comment.
To figure out if the new tax laws have helped or hurt you, you need to consider if you had additional "take home" pay each paycheck. Just because your refund is reduced doesn;t mean you paid more taxes. You may have gotten your $ sooner. So, this needs a tiny bit deeper dive. Could still mean people got less, not saying it doesn;t. But alone it doesn't mean shit.
I always feel bad for the idiot americans that think a big refund is great...they just gave the US government an interest free loan for a year and they are happy about it. Dummies.
Banks don't pay interest anyway....what's the diff
Remember the Thomas Nine !! (10/02/2018)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago 2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy 2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE) 2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston 2020: Oakland, Oakland:2021: EV Ohana, Ohana, Ohana, Ohana 2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville 2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
So, not withholding what was previously withheld is considered a tax cut? And then adjusting the tax withholding tables, and unless you made adjustments you’re going to pay, without publicizing this aspect equals a great middle class tax cut? Meanwhile, 80% of the benefit goes to the top 10%. Please let me know when this is next years stimulus so I can bend over again. Suckers.
No, reducing the % taken out of your paycheck is a tax cut though.
I agree this tax tax cut is not going to be what was promised. But certainly you can agree that using tax refunds as the only data to show that the tax cut cost you $ is irresponsible and false, right?
So, not withholding what was previously withheld is considered a tax cut? And then adjusting the tax withholding tables, and unless you made adjustments you’re going to pay, without publicizing this aspect equals a great middle class tax cut? Meanwhile, 80% of the benefit goes to the top 10%. Please let me know when this is next years stimulus so I can bend over again. Suckers.
No, reducing the % taken out of your paycheck is a tax cut though.
I agree this tax tax cut is not going to be what was promised. But certainly you can agree that using tax refunds as the only data to show that the tax cut cost you $ is irresponsible and false, right?
So, reduce the % and eliminate or cap deductions. Either way, it was an unnecessary give away to the top 10% and the middle class will “pay” for it. Surely, you’re not going to argue the data in the article or the corporate stock buy backs?
So, not withholding what was previously withheld is considered a tax cut? And then adjusting the tax withholding tables, and unless you made adjustments you’re going to pay, without publicizing this aspect equals a great middle class tax cut? Meanwhile, 80% of the benefit goes to the top 10%. Please let me know when this is next years stimulus so I can bend over again. Suckers.
No, reducing the % taken out of your paycheck is a tax cut though.
I agree this tax tax cut is not going to be what was promised. But certainly you can agree that using tax refunds as the only data to show that the tax cut cost you $ is irresponsible and false, right?
So, reduce the % and eliminate or cap deductions. Either way, it was an unnecessary give away to the top 10% and the middle class will “pay” for it. Surely, you’re not going to argue the data in the article or the corporate stock buy backs?
I haven’t argued against that part at all. Totally different aspect of tax program then I was talking about . I responded to pjhawks comment about people complaining about their tax refunds
So, not withholding what was previously withheld is considered a tax cut? And then adjusting the tax withholding tables, and unless you made adjustments you’re going to pay, without publicizing this aspect equals a great middle class tax cut? Meanwhile, 80% of the benefit goes to the top 10%. Please let me know when this is next years stimulus so I can bend over again. Suckers.
No, reducing the % taken out of your paycheck is a tax cut though.
I agree this tax tax cut is not going to be what was promised. But certainly you can agree that using tax refunds as the only data to show that the tax cut cost you $ is irresponsible and false, right?
So, reduce the % and eliminate or cap deductions. Either way, it was an unnecessary give away to the top 10% and the middle class will “pay” for it. Surely, you’re not going to argue the data in the article or the corporate stock buy backs?
I haven’t argued against that part at all. Totally different aspect of tax program then I was talking about . I responded to pjhawks comment about people complaining about their tax refunds
Then why were you asking me? I wasn’t “arguing” pjhawks’ point. It’s still an unnecessary giveaway to the top 10% that ain’t going to trickle down or lead to zero unemployment or nice bonuses for people in the lower income bracket and it adds $1.7 Trillion to the debt. Brilliant, brilliance in all its brilliancy.
So, not withholding what was previously withheld is considered a tax cut? And then adjusting the tax withholding tables, and unless you made adjustments you’re going to pay, without publicizing this aspect equals a great middle class tax cut? Meanwhile, 80% of the benefit goes to the top 10%. Please let me know when this is next years stimulus so I can bend over again. Suckers.
No, reducing the % taken out of your paycheck is a tax cut though.
I agree this tax tax cut is not going to be what was promised. But certainly you can agree that using tax refunds as the only data to show that the tax cut cost you $ is irresponsible and false, right?
So, reduce the % and eliminate or cap deductions. Either way, it was an unnecessary give away to the top 10% and the middle class will “pay” for it. Surely, you’re not going to argue the data in the article or the corporate stock buy backs?
I haven’t argued against that part at all. Totally different aspect of tax program then I was talking about . I responded to pjhawks comment about people complaining about their tax refunds
Then why were you asking me? I wasn’t “arguing” pjhawks’ point. It’s still an unnecessary giveaway to the top 10% that ain’t going to trickle down or lead to zero unemployment or nice bonuses for people in the lower income bracket and it adds $1.7 Trillion to the debt. Brilliant, brilliance in all its brilliancy.
Sorry your post came after mine and I must have thought it was a reply.
So, not withholding what was previously withheld is considered a tax cut? And then adjusting the tax withholding tables, and unless you made adjustments you’re going to pay, without publicizing this aspect equals a great middle class tax cut? Meanwhile, 80% of the benefit goes to the top 10%. Please let me know when this is next years stimulus so I can bend over again. Suckers.
No, reducing the % taken out of your paycheck is a tax cut though.
I agree this tax tax cut is not going to be what was promised. But certainly you can agree that using tax refunds as the only data to show that the tax cut cost you $ is irresponsible and false, right?
Actually reducing the % taken out is not a tax cut. It just reduces the amount you are paying toward your eventual tax as calculated on your tax return.
There are people getting hosed with this new law. I've already done a few returns where a married couple has itemized deductions that were already around $24K normally. So the new standard deduction doesn't help them BUT they lose all of the exemption deduction. If you have two kids that is a $16K deduction that is gone.
I also did a return for a home health care provider. She relied on the standard mileage deduction as her employer does not reimburse her for mileage. That was a $10K deduction in 2017....now it's gone.
Remember the Thomas Nine !! (10/02/2018)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago 2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy 2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE) 2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston 2020: Oakland, Oakland:2021: EV Ohana, Ohana, Ohana, Ohana 2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville 2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
So, not withholding what was previously withheld is considered a tax cut? And then adjusting the tax withholding tables, and unless you made adjustments you’re going to pay, without publicizing this aspect equals a great middle class tax cut? Meanwhile, 80% of the benefit goes to the top 10%. Please let me know when this is next years stimulus so I can bend over again. Suckers.
No, reducing the % taken out of your paycheck is a tax cut though.
I agree this tax tax cut is not going to be what was promised. But certainly you can agree that using tax refunds as the only data to show that the tax cut cost you $ is irresponsible and false, right?
Actually reducing the % taken out is not a tax cut. It just reduces the amount you are paying toward your eventual tax as calculated on your tax return.
There are people getting hosed with this new law. I've already done a few returns where a married couple has itemized deductions that were already around $24K normally. So the new standard deduction doesn't help them BUT they lose all of the exemption deduction. If you have two kids that is a $16K deduction that is gone.
I also did a return for a home health care provider. She relied on the standard mileage deduction as her employer does not reimburse her for mileage. That was a $10K deduction in 2017....now it's gone.
Yeah I said it was part of the equation.
Thst mileage thing Hong is a huge bummer for that person. I wonder how many people are affected by that?
and lots of middle class people are bitching already because their tax refunds are lower or even have to pay now. yet so many thought this guy would help them. idiots.
You know - tax refund size is a really stupid way to determine if the tax laws have helped or hurt people. It's only 1 piece of the equation.
Two things.
The IRS changed the withholding tables to make increase take home amounts. This result was intentional. Many CPAs felt that this was to manipulate the middle class into feeling better about the tax plan before the midterms. The IRS has argued they were simply rebalancing the tables.
However, the reality is that Americans have become accustomed to large refunds to make big purchases, juice their accounts, etc. So while you're right, it is one factor, but it's absolutely an important way people judge the cuts.
Plus.... remember the loss of SALT is a real thing that people are feeling m
Clearly, to determine the tax impact of the new law you would compare your total tax in 2017 and 2018, and not what your payment due or refund with the return is. Assumes that your income is relatively the same in each year.
Clearly, to determine the tax impact of the new law you would compare your total tax in 2017 and 2018, and not what your payment due or refund with the return is. Assumes that your income is relatively the same in each year.
I don't blame the Dems for using the "lower refund" attack. It takes advantage of the same ignorance that the GOP has been exploiting for years
I do. I don’t think one side doing something crappy means it’s ok for you to do it. The “they did it first” argument doesn’t hold water for me much....sometimes I guess. I understand your opinion on this though, and it’s not a terrible offense. It does highlight how stupid people are and how the democrats want to win the stupid vote back!
I don't blame the Dems for using the "lower refund" attack. It takes advantage of the same ignorance that the GOP has been exploiting for years
I do. I don’t think one side doing something crappy means it’s ok for you to do it. The “they did it first” argument doesn’t hold water for me much....sometimes I guess. I understand your opinion on this though, and it’s not a terrible offense. It does highlight how stupid people are and how the democrats want to win the stupid vote back!
The argument isn't whether the middle class is paying more or less under this plan. It's that the cut was overwhelmingly weighted towards the wealthy and the corporations. And that point is indisputable. The middle class got crumbs and many will pay more, especially those in states with state income taxes.
Lowest refund of my adult life. And that includes when I was 18 making $4.75/hr at a part time job. And no, my paychecks didn't make up for it. My net pay was a lower % of my gross pay in 2018 than 2017. Where's my "cut"??? ("Just be glad you didn't owe" is not an acceptable answer.)
I don't blame the Dems for using the "lower refund" attack. It takes advantage of the same ignorance that the GOP has been exploiting for years
I do. I don’t think one side doing something crappy means it’s ok for you to do it. The “they did it first” argument doesn’t hold water for me much....sometimes I guess. I understand your opinion on this though, and it’s not a terrible offense. It does highlight how stupid people are and how the democrats want to win the stupid vote back!
I used to believe that....it doesn't work. The stupid have to be exploited to win....just look at what happened in 2016
Remember the Thomas Nine !! (10/02/2018)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago 2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy 2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE) 2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston 2020: Oakland, Oakland:2021: EV Ohana, Ohana, Ohana, Ohana 2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville 2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
I don't blame the Dems for using the "lower refund" attack. It takes advantage of the same ignorance that the GOP has been exploiting for years
I do. I don’t think one side doing something crappy means it’s ok for you to do it. The “they did it first” argument doesn’t hold water for me much....sometimes I guess. I understand your opinion on this though, and it’s not a terrible offense. It does highlight how stupid people are and how the democrats want to win the stupid vote back!
The argument isn't whether the middle class is paying more or less under this plan. It's that the cut was overwhelmingly weighted towards the wealthy and the corporations. And that point is indisputable. The middle class got crumbs and many will pay more, especially those in states with state income taxes.
Exactly....and the people that got the biggest cuts don't need it, didn't plan on it, and it did NOT influence their decision making in how to run their businesses whether it relates to hiring, buying equipment, etc.
Remember the Thomas Nine !! (10/02/2018)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago 2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy 2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE) 2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston 2020: Oakland, Oakland:2021: EV Ohana, Ohana, Ohana, Ohana 2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville 2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Lowest refund of my adult life. And that includes when I was 18 making $4.75/hr at a part time job. And no, my paychecks didn't make up for it. My net pay was a lower % of my gross pay in 2018 than 2017. Where's my "cut"??? ("Just be glad you didn't owe" is not an acceptable answer.)
And if im not mistaken, you're in Maryland? So the move to a high standard deduction probably hurt you, as it will me.
My wife told me we are probably going to be even on federal. She expected this and moved our withholding up to 25% at the beginning of 2018. That's no tax cut for me.
I don't blame the Dems for using the "lower refund" attack. It takes advantage of the same ignorance that the GOP has been exploiting for years
I do. I don’t think one side doing something crappy means it’s ok for you to do it. The “they did it first” argument doesn’t hold water for me much....sometimes I guess. I understand your opinion on this though, and it’s not a terrible offense. It does highlight how stupid people are and how the democrats want to win the stupid vote back!
The argument isn't whether the middle class is paying more or less under this plan. It's that the cut was overwhelmingly weighted towards the wealthy and the corporations. And that point is indisputable. The middle class got crumbs and many will pay more, especially those in states with state income taxes.
Exactly....and the people that got the biggest cuts don't need it, didn't plan on it, and it did NOT influence their decision making in how to run their businesses whether it relates to hiring, buying equipment, etc.
I don't blame the Dems for using the "lower refund" attack. It takes advantage of the same ignorance that the GOP has been exploiting for years
I do. I don’t think one side doing something crappy means it’s ok for you to do it. The “they did it first” argument doesn’t hold water for me much....sometimes I guess. I understand your opinion on this though, and it’s not a terrible offense. It does highlight how stupid people are and how the democrats want to win the stupid vote back!
The argument isn't whether the middle class is paying more or less under this plan. It's that the cut was overwhelmingly weighted towards the wealthy and the corporations. And that point is indisputable. The middle class got crumbs and many will pay more, especially those in states with state income taxes.
You know I find this argument interesting. Everyone wants a progressive scale for taxes. And then when it comes to cuts they want it to be progressive again in the opposite direction. I understand your opinion in this, but again it wasn;t what I was talking about. I'm specifically talking about idiots that think just because their refund is lower that it automatically means they paid more in taxes.
I don't blame the Dems for using the "lower refund" attack. It takes advantage of the same ignorance that the GOP has been exploiting for years
I do. I don’t think one side doing something crappy means it’s ok for you to do it. The “they did it first” argument doesn’t hold water for me much....sometimes I guess. I understand your opinion on this though, and it’s not a terrible offense. It does highlight how stupid people are and how the democrats want to win the stupid vote back!
I used to believe that....it doesn't work. The stupid have to be exploited to win....just look at what happened in 2016
I do understand what you are saying and you could be 100% right. I still hate it
Comments
But I'm sure you have a perfectly cromulent explanation as to how there's very fine people on both sides here.
To figure out if the new tax laws have helped or hurt you, you need to consider if you had additional "take home" pay each paycheck. Just because your refund is reduced doesn;t mean you paid more taxes. You may have gotten your $ sooner. So, this needs a tiny bit deeper dive. Could still mean people got less, not saying it doesn;t. But alone it doesn't mean shit.
I always feel bad for the idiot americans that think a big refund is great...they just gave the US government an interest free loan for a year and they are happy about it. Dummies.
2) It may appear to point it out to them, but again, it doesn't mean they paid more tax.
And I don;t know why but I feel like I have to reiterate it every time (you know since some (not you here pjhawks) seem to think anytime you aren't jumping on the bandwagon of everything trump related is immediately the worst thing in the world)...if you look back, I was not for this tax reform. I feel they had some good in it and some bad and I wouldn't have voted for it.
Back in 2017, as the tax bill moved on the Hill, lawmakers claimed the cut they proposed in the corporate tax rate to 21 percent from 35 percent would trickle down to workers in the form of higher wages and bonuses.
The Bureau of Labor Statistics reported nominal wages increased 3.2 percent in January year over year, and by less than one percent — three cents to $27.56 — month over month.
Bonuses have registered less of an impact, increasing just 2 cents an hour in the first nine months of 2018. The increase was "imperceptible," "Whatever growth in bonuses has taken place is not necessarily attributable to the tax cuts, rather than employer efforts to recruit workers in a continued low unemployment environment."
I feel bad for the idiot Americans who fell for the trickle down promise....again. Dummies.
Libtardaplorable©. And proud of it.
Brilliantati©
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
I agree this tax tax cut is not going to be what was promised. But certainly you can agree that using tax refunds as the only data to show that the tax cut cost you $ is irresponsible and false, right?
Libtardaplorable©. And proud of it.
Brilliantati©
Libtardaplorable©. And proud of it.
Brilliantati©
There are people getting hosed with this new law. I've already done a few returns where a married couple has itemized deductions that were already around $24K normally. So the new standard deduction doesn't help them BUT they lose all of the exemption deduction. If you have two kids that is a $16K deduction that is gone.
I also did a return for a home health care provider. She relied on the standard mileage deduction as her employer does not reimburse her for mileage. That was a $10K deduction in 2017....now it's gone.
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Thst mileage thing Hong is a huge bummer for that person. I wonder how many people are affected by that?
The IRS changed the withholding tables to make increase take home amounts. This result was intentional. Many CPAs felt that this was to manipulate the middle class into feeling better about the tax plan before the midterms. The IRS has argued they were simply rebalancing the tables.
However, the reality is that Americans have become accustomed to large refunds to make big purchases, juice their accounts, etc. So while you're right, it is one factor, but it's absolutely an important way people judge the cuts.
Plus.... remember the loss of SALT is a real thing that people are feeling m
That means their ordinary income is double taxed...once for fed and once for state....it's bullshit
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Clearly, to determine the tax impact of the new law you would compare your total tax in 2017 and 2018, and not what your payment due or refund with the return is. Assumes that your income is relatively the same in each year.
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
My wife told me we are probably going to be even on federal. She expected this and moved our withholding up to 25% at the beginning of 2018. That's no tax cut for me.