I have a big spreadsheet for this. Overall I am getting about $1K per month benefit right now. Primarily because I rent. If I owned a house, it would be about a wash due to loss of property tax deduction, since state income tax would eat all of my $10K cap. After the low introductory 2018 vote buying rates expire but deductions stay capped to pay for permanent corporate tax cuts, I will be about $300 worse off per month if renting, and about $1.2K per month worse off if I buy a house in CA.
I think what they forgot is California republican strongholds like orange county are coming for the blood of those who voted for this thing.
So it's not a tax cut?Dems won OC in 2016. Sounds like the Trump tax plan scored a direct hit on the $100-250k urban progressives who always say they would be willing to pay higher taxes.
Dems won OC in 2016. Sounds like the Trump tax plan scored a direct hit on the $100-250k urban progressives who always say they would be willing to pay higher taxes.
So it's not a tax cut?
Very confusing with the sales pitch saying how great all this tax cutting would beNo. It was a tax bill to punish the productive sections of the country for not being conservative. This better be the first thing we unravel when we get control again.
No. It was a tax bill to punish the productive sections of the country for not being conservative. They know this This better be the first thing we unravel when we get control again.
Oh so you were insincere when you said you’d gladly pay higher taxes. Shocker.
The thing that pisses me off the most about this Trump tax is the timing of it. We don't make enough money to benefit from it now with our current incomes but we certainly do stand to get wrecked when the ball drops and they expire....
For us it's a double edged sword. On the one hand I am at least happy to be forewarned that when they expire we will be screwed so I can change the way we have been saving to mitigate the damage especially if they reduce SS benefits in the future.
This was supposed to be the time in our lives we planned to finally start doing a little travelling that we have been holding off on for many years while raising a family. Now that our kids are all grown and after saving up a little we had real plans to take budget trips to different parts of the world we have always wanted to visit. Those plans are on hold until either brains somehow prevail and adults roll this bs back in the future or until 2027 rolls around and we can reassess... We have our health and the money now. Not sure that will be the case in 10 years...
At a 1.5 trillion deficit spending receipt, which is essentially being handed to the already wealthy....on the behalf of the middle class, GFY.Oh so you were insincere when you said you’d gladly pay higher taxes. Shocker.
At a 1.5 trillion deficit spending receipt, which is essentially being handed to the already wealthy....on the behalf of the middle class, GFY.
Derp. You mark me as telling you to GFY.I’ll mark that as a yes for insincerity. So basically “I’m willing to pay a tiny amount more taxes if and only if the rich are taxed way more first and it all goes to pay for social welfare programs of the type I want.”
Oh so you were insincere when you said you’d gladly pay higher taxes. Shocker.
I’ll mark that as a yes for insincerity. So basically “I’m willing to pay a tiny amount more taxes if and only if the rich are taxed way more first and it all goes to pay for social welfare programs of the type I want.”
I'll gladly pay higher taxes when Mitt pays higher taxes. Oh, wait... that's not what happened.
Didn't take long to get proven correct.
Pay higher taxes for what? Health care for tens of millions under Democrats, cutting taxes for corporations under Republicans.Oh so you were insincere when you said you’d gladly pay higher taxes. Shocker.
Pay higher taxes for what? Health care for tens of millions under Democrats, cutting taxes for corporations under Republicans.
Didn't take long to get proven correct.
$lol, $85 every two weeks is sizeable?
You know what's funny. I have a buddy whose a multi-millionaire. He told me a few years ago "do you know the difference between you and me? You were conditioned to think small. Much smaller That's why you make $70k a year, while I make $70k a month."
When I heard that I'm like you're crazy. But, after talking to my family and friends, and reading post from middle class folk it all makes sense. We are conditioned to think small. That's why companies can give a $2k bonus and average middle class people go nuts.
Not this shit again. Let me know when you make your first million.
Also. I wouldn't get out of bed for 70k a year.