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Author Topic: Calculator to see how the "tax cut" bill will affect you.  (Read 4260 times)

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Offline Texacon

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Calculator to see how the "tax cut" bill will affect you.
« on: December 20, 2017, 09:18:32 AM »
https://www.democraticunderground.com/100210005680


Quote
Wed Dec 20, 2017, 09:59 AM
Honeycombe8 (24,402 posts)


Calculator to see how the "tax cut" bill will affect you.

My taxes are going UP because of the tax "cut" bill, it looks like. Very depressing.

I was wanting to move, if I could afford this. This may force my hand, to move to a lower-tax state.

http://www.cnn.com/2017/12/13/politics/calculate-americans-taxes-senate-reform-bill/index.html
      


A new one with a tax calculator on it.  I just ran mine and I should realize an additional $7,200.00/year in my pocket.  I'll take that!

This thread probably won't be any more active than the last one as each of them starts to realize they are going to have more of their own money to spend to stimulate the economy. 

Bwahahahahahahahahahahahaha!  The evil Trump plan is coming together.  You know the one where we get to keep more of our hard earned money?  Heh.


Quote
GreenEyedLefty (1,554 posts)

5. Our taxes are going down

It is not an insignificant amount either, BUT... I am not happy about this, at all.


Only because you see the writing on the wall.  The republicans will have a super majority after the mid-terms.  LOL


KC


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Offline BadCat

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #1 on: December 20, 2017, 09:21:39 AM »
According to that, I'm getting a 4.8% raise.

Hallelujah!!
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Offline Texacon

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #2 on: December 20, 2017, 09:29:53 AM »
The DUmb ass who made the OP has messed up on the calculator.  He lives in Louisiana, and thinks it's a 'high tax' state because his parish sales tax is 11%.   :mental:

The rest of them are posting that they are getting huge raises this coming year.   :lmao:

4 more years!  4 more years!  4 more years! 

 :rotf:


KC
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Online 67 Rover

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #3 on: December 20, 2017, 09:33:34 AM »
Quote from: BadCat on December 20, 2017, 09:21:39 AM
According to that, I'm getting a 4.8% raise.

Hallelujah!!
New 401k Limits for 2018. I increased mine 2% last night to max out again @$24,500 and I will still have extra from each paycheck thanks to this tax cut letting me keep more of MY money.

$18,500 <50yo
$24,500 >50yo
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Offline Texacon

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #4 on: December 20, 2017, 09:52:09 AM »
Quote from: 67 Rover on December 20, 2017, 09:33:34 AM
New 401k Limits for 2018. I increased mine 2% last night to max out again @$24,500 and I will still have extra from each paycheck thanks to this tax cut letting me keep more of MY money.

$18,500 <50yo
$24,500 >50yo


I'm still not tired of winning.  Not even close.

KC
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Offline AzJames73

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #5 on: December 20, 2017, 09:52:52 AM »
Quote
mcar (19,473 posts)
24. Our taxes will go down, income up - at least till '27

It's still an atrocity.

I am seeing a 4.1 increase in income. I'll take that !

Lefties are butthurt because the money is going back to the taxpayers. Thanks President Trump !
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Offline BadCat

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #6 on: December 20, 2017, 09:53:17 AM »
Quote from: Texacon on December 20, 2017, 09:52:09 AM

I'm still not tired of winning.  Not even close.

KC

Yeah, that's something Trump was wrong about, I'm NEVER going to get tired of winning.
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Offline Texacon

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #7 on: December 20, 2017, 09:55:02 AM »
Quote from: BadCat on December 20, 2017, 09:53:17 AM
Yeah, that's something Trump was wrong about, I'm NEVER going to get tired of winning.


I'm with you BC.  I don't think I'm going to tire of it.  Meh, I'll let Trump be wrong on that one item.

KC
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Offline Texacon

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #8 on: December 20, 2017, 10:00:43 AM »
 :lmao:

Here's a good one.  PGAC has to bend reality into a pretzel shape to make this one into OUTRAGE!!

Quote
ProfessorGAC (31,506 posts)

28. Second Post On This

Out of curiosity, i reran the calculator for $40-75k, filing jointly, with one kid, in a high state tax area.

Those folks are getting hammered with 10.3, 11.7, and 12.1% REDUCTIONS in after tax income in years 1 through 3. The taxes go up!!!! So much for the middle class tax cut.

There's a 0.4% increase in the 6th year, and then goes slightly negative again for the rest of the time period.

Then i ran it with the >$500k scenario, no kids, filing jointly, and not in a high tax state!

The first 8 years shows tax reductions amounting to a post tax increase of 9.2 - 10.5% for 8 of the 10 years. Then it becomes a tax increase in the last 2 years of around 0.15%.

And this is not supposed to be a tax cut for the rich? Ridiculous.


So, PGAC, you had to compare lower income in high tax states with higher income in low tax states to gin up your outrage huh?  Hahahahahahahahahaha.  Too funny.

What I'm seeing in your example above is a STATE screwing those lower income people, not a federal income tax cut.  Would you like to come explain your logic on this?  I mean, DU is the 'reality' based community and all, right?

 :rotf:


I'm loving this shit.

KC
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Offline USA4ME

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #9 on: December 20, 2017, 10:10:41 AM »
Quote from:
scheming daemons

33. Their goal was to force people to move from blue states to red states.
 
To build up the electoral power of red states and diminish it in blue states.

That's a real goal of this legislation.

 :rotf: :lmao: :rotf: :lmao: :rotf: :lmao: :rotf:

.
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Online 67 Rover

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #10 on: December 20, 2017, 10:16:14 AM »
Quote from: Texacon on December 20, 2017, 09:55:02 AM

I'm with you BC.  I don't think I'm going to tire of it.  Meh, I'll let Trump be wrong on that one item.

KC

Don't be too hasty after all we are only 25% through President Trumps first term, hell by 2020 you may be so sick of winning you will vote for the Warren/Biden ticket.   :ashamed:

 JK  :cheersmate:

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Offline SVPete

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #11 on: December 20, 2017, 10:23:23 AM »
Quote from: 67 Rover on December 20, 2017, 10:16:14 AM
Don't be too hasty after all we are only 25% through President Trumps first term, hell by 2020 you may be so sick of winning you will vote for the Warren/Biden ticket.   :ashamed:

 JK  :cheersmate:

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Offline FiddyBeowulf

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #12 on: December 20, 2017, 11:39:01 AM »
Quote from: 67 Rover on December 20, 2017, 10:16:14 AM
Don't be too hasty after all we are only 25% through President Trumps first term, hell by 2020 you may be so sick of winning you will vote for the Warren/Biden ticket.   :ashamed:

 JK  :cheersmate:


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Offline BattleHymn

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #13 on: December 20, 2017, 12:32:05 PM »
That calculator is irrelevant to most DUmmies.

4% of nothing is still nothing.
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Offline Texacon

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #14 on: December 20, 2017, 12:36:29 PM »
Quote from: BattleHymn on December 20, 2017, 12:32:05 PM
That calculator is irrelevant to most DUmmies.

4% of nothing is still nothing.


That's what is pissing the DUmmies off the most.  Those who pay NO federal income tax are not getting a tax cut.  They have a hard time digesting how anyone who makes more than they do, and actually have some skin in the game, can get to keep more of what they make, while those with no skin will still be receiving the same paycheck.

KC
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Online 67 Rover

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #15 on: December 20, 2017, 12:37:33 PM »
Quote from: BattleHymn on December 20, 2017, 12:32:05 PM
That calculator is irrelevant to most DUmmies.

4% of nothing is still nothing.

Just tell them it means more weed in the bong and then watch the light come on.
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Offline I_B_Perky

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Re: Calculator to see how the "tax cut" bill will affect you.
« Reply #16 on: December 20, 2017, 07:25:37 PM »
Quote from: BattleHymn on December 20, 2017, 12:32:05 PM
That calculator is irrelevant to most DUmmies.

4% of nothing is still nothing.

That is what I never understood. Dummie don't pay income taxes because they have no income and are on the dole.  So why are they bitching?  Because they ain't getting more free money.

Dummies are losing big time and they do not like it.  This makes me happy!   :cheersmate:
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