Real World Event Discussions
Tax Cuts
POSTED BY: THGRRI
UPDATED: Thursday, April 17, 2025 01:12
VIEWED: 22355
PAGE 13 of 20
Thursday, January 4, 2018 6:31 PM
Quote:Passive? Who says I'm being passive?
Apparently, I missed the one post where you mentioned something about taking care of your mom. (Assuming that you're not lying about that too.) - SIGNY
Goddamn - are you lying about your Daughter? You keep rolling out the passive aggressive insults and I'll keep flinging them back in your face, a-wipe.- GSTRGING
heh heh heh
Quote:I wasn't calling you a liar because of that post, I was calling you a liar because you CLAIMED to have "corrected" me already, you CLAIMED that "we had this conversation already" and yet ... wow, nowhere to be found! So please, try to stop lying about what I posted, and do try keep up with what's been explained several times already!
And, as I do with some of your posts, I guess I missed this one. Well gosh, whip me with a wet noodle.- SIGNY
OR you could not call someone a liar when you haven't read their posts? Duh?= GSTRING
Quote:When then, you're clearly not READING or THINKING ABOUT what you reply to because, as you said, my posts can be pretty long. So all you're doing, by your own admission, is insulting me automatically. In other words, trolling. But, we already knew that!
So, you're not wealthy "financially", and yet you spend all hours of the day trolling on Firefly..."- SIGNY
If I do, then you spend 72 hours in one day - you post more than anyone but Jack. Takes 2 minutes to roll my eyes and reply to your BS.- GSTRING
Quote:
... and you apparently think that the employment situation here in the USA is A-OK?"- SIGNY
Yep, there are tons of jobs out there if you want one.- GSTRINGi
You have NO IDEA about the difficulty of finding and keeping a decent-paying full time job?" - SIGNY
Not first hand, I haven't had to look for work in decades. I must be a valued employee.- GSTRING
You make a mockery of everyone who is struggling to find work that they can actually live on? From your comfy niche where none of this has any impact on you?
Please, don't EVER pretend to care about ordinary Americans ever again! You CLEARLY have no idea what's happening to the country and you certainly haven't bothered to find out because you obviously don't care about anyone but yourself, you smug self-satisfied jerk
Quote:Seriously? YOUR memory must be failing! Or you're lying again. It was a pretty long conversation about what constitutes "employment". Okay, son, I'll dig it up.
You have no idea that a record number of children are living with mom and dad?- SIGNY
Cites please - GSTRING
Quote:Says the liar. The one who's been caught lying many times already, twice on this page alone. So now you reference your apocryphal "sick mother" who you CLAIM to have posted about already but whom I certainly don't remember reading about. So, yanno ... LINKS PLEASE. If you really posted it, you should be able to find it again.
As you've pointed out, I post a lot about myself, and I've already touched on this: We worked hard at technical jobs- one in university and one in government, very safe jobs but not extremely well-paid - and saved like maniacs for the time when we would die and our daughter would be on her own. We made less money together than a successful doctor would make on his or her own in this area. Some of our investments did great, some of them not so much. We're neither rich nor poor, and definitely not 1%. Maybe more like top 20% - there are an awful lot of very wealthy people in LA County, and we're definitely not one of them.- SIGNY
Who cares what you make - you're a lying @sshole - that's what matters.
-----------
Pity would be no more,
If we did not MAKE men poor - William Blake
America is an oligarchy
http://www.fireflyfans.net/mthread.aspx?tid=57876
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Friday, January 5, 2018 12:03 AM
Quote:
Seriously? YOUR memory must be failing! Or you're lying again. It was a pretty long conversation about what constitutes "employment". Okay, son, I'll dig it up. - SIGNY
What?!?!? All that phony righteous outrage and YOU DON'T KNOW???? hahahahahah geezus, stop typing.- GSTRING
Here ya go, son, your impressions about the employment situation in America, in all it's ignorant glory.
http://www.fireflyfans.net/mthread.aspx?bid=18&tid=62106&mid=1
042742#1042742
So, all that phony righteous outrage and YOU DON'T KNOW???? About YOUR OWN POST?? hahahahahah geezus, stop typing!
-----------
Pity would be no more,
If we did not MAKE men poor - William Blake
America is an oligarchy
http://www.fireflyfans.net/mthread.aspx?tid=57876
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Friday, January 5, 2018 2:59 AM
Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:Quote:Thanks for that linky, I had only been going by what people said.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:Quote:I heard the news report that 2 States had their Governors sign urgent quick laws to allow their residents to pay their property tax early, so it could be before Dec 31. I think NY and NJ.
Originally posted by 6IXSTRINGJACK:
Wow... is that true JSF?
That's not something I read before. I certainly don't see how that benefits the working class at all.)
I never heard of Governments that did not allow taxes to be paid early. How stupid is that? Free money for the coffers early, less I terest to pay, etc.
OTOH, can you imagine the chaos in Property Tax Offices this week?
In terms of overall benefits of Tax Reform, the simpler the better. Which means less or fewer different kinds of deductions, which would be the case here.
In terms of specific application, consider examples of 2 different taxpayers. 1 is similar to you, or even barely had a benefit of itemizing. 2 is carrying a Million Dollar home. The standard deduction and personal exemptions were raised, one of them doubled - that is for everybody, regardless of Income bracket. By trading an increased Universal deduction and exemptions with elimination of property tax deductible, which party gets the greater benefit? How about a family with one house but more kids? Or somebody not owning property? Those benefitting the greatest from property tax deductible were likely higher income, with more property values. The hard working shlub did not benefit as much, if at all.
That certainly sounds reasonable... but unfortunately I don't see anything aobout either one of them doubling. That would mean either an increase of the personal exemption from $4050 to $8100 or an increase of the standard deduction from $6350 to $12,700.
The current combined total is $4050 + $6350, or $10,400.
The article I'm reading says that both will be combined into a single larger standard deduction of $12,000. So... not really a double at all since it eliminates the personal exemption. Just an increase of $1,600 for a single filer. A larger increase than normal years, so good for me since I use it, but not really all that great.
http://www.businessinsider.com/tax-brackets-2018-trump-tax-plan-chart-
2017-12
Chances are that most low income earners wouldn't come close to being able to itemize at $12k if they were before. If nothing changes for me, almost my entire paycheck next year will be under that $12k cap. Whatever isn't I'll likely put into an IRA to avoid any taxes.
Property taxes likely did not affect, or help the poorest.
Let's assume that linky is accurate, and run some numbers.
Single, with income 21,520. In 2018 Tax would be $952. In 2017 Tax was $1203. With 1 non-spouse dependent $707. But that wage is $10/hr for 40 hour weeks the whole year, no other income.
Income 50,700. 2018 -> $4,456. 2017 -> $5,814. +1 dependent -> $5,039. +2 dependent -> $4,432.
Income 94,500. 2018 -> $14,092. 2017 -> $16,764. +1 -> $15,752. +2 -> $14,739.
Income 169,500. 2018 -> $32,092. 2017 -> $37,536. +1 -> $36,562.: +2 -> $35,588. +3 -> $34,614. +4 -> $33,640. +5 -> $32,666.
In 2018 there are no extra deductions for each dependent, other than spouse.
Looks like taxpayers with 1 or 0 kids are getting a Tax cut. Mostly due to the reduced Tax Rate in each bracket, plus the expansion of brackets.
I might cry for you if you make $100 too much and have to pay $10 in Tax.
On face value, this definitely doesn't seem to be the horror show that some people were claiming it was. Any word yet on what the 2019 situation forward is going to look like? I don't want to be saying everything is a-okay when we've been duped by a good first year trojan horse.
lol..NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Friday, January 5, 2018 6:47 AM
Quote:
Originally posted by JEWELSTAITEFAN:Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:Quote:Thanks for that linky, I had only been going by what people said.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:Quote:I heard the news report that 2 States had their Governors sign urgent quick laws to allow their residents to pay their property tax early, so it could be before Dec 31. I think NY and NJ.
Originally posted by 6IXSTRINGJACK:
Wow... is that true JSF?
That's not something I read before. I certainly don't see how that benefits the working class at all.)
I never heard of Governments that did not allow taxes to be paid early. How stupid is that? Free money for the coffers early, less I terest to pay, etc.
OTOH, can you imagine the chaos in Property Tax Offices this week?
In terms of overall benefits of Tax Reform, the simpler the better. Which means less or fewer different kinds of deductions, which would be the case here.
In terms of specific application, consider examples of 2 different taxpayers. 1 is similar to you, or even barely had a benefit of itemizing. 2 is carrying a Million Dollar home. The standard deduction and personal exemptions were raised, one of them doubled - that is for everybody, regardless of Income bracket. By trading an increased Universal deduction and exemptions with elimination of property tax deductible, which party gets the greater benefit? How about a family with one house but more kids? Or somebody not owning property? Those benefitting the greatest from property tax deductible were likely higher income, with more property values. The hard working shlub did not benefit as much, if at all.
That certainly sounds reasonable... but unfortunately I don't see anything aobout either one of them doubling. That would mean either an increase of the personal exemption from $4050 to $8100 or an increase of the standard deduction from $6350 to $12,700.
The current combined total is $4050 + $6350, or $10,400.
The article I'm reading says that both will be combined into a single larger standard deduction of $12,000. So... not really a double at all since it eliminates the personal exemption. Just an increase of $1,600 for a single filer. A larger increase than normal years, so good for me since I use it, but not really all that great.
http://www.businessinsider.com/tax-brackets-2018-trump-tax-plan-chart-
2017-12
Chances are that most low income earners wouldn't come close to being able to itemize at $12k if they were before. If nothing changes for me, almost my entire paycheck next year will be under that $12k cap. Whatever isn't I'll likely put into an IRA to avoid any taxes.
Property taxes likely did not affect, or help the poorest.
Let's assume that linky is accurate, and run some numbers.
Single, with income 21,520. In 2018 Tax would be $952. In 2017 Tax was $1203. With 1 non-spouse dependent $707. But that wage is $10/hr for 40 hour weeks the whole year, no other income.
Income 50,700. 2018 -> $4,456. 2017 -> $5,814. +1 dependent -> $5,039. +2 dependent -> $4,432.
Income 94,500. 2018 -> $14,092. 2017 -> $16,764. +1 -> $15,752. +2 -> $14,739.
Income 169,500. 2018 -> $32,092. 2017 -> $37,536. +1 -> $36,562.: +2 -> $35,588. +3 -> $34,614. +4 -> $33,640. +5 -> $32,666.
In 2018 there are no extra deductions for each dependent, other than spouse.
Looks like taxpayers with 1 or 0 kids are getting a Tax cut. Mostly due to the reduced Tax Rate in each bracket, plus the expansion of brackets.
I might cry for you if you make $100 too much and have to pay $10 in Tax.
On face value, this definitely doesn't seem to be the horror show that some people were claiming it was. Any word yet on what the 2019 situation forward is going to look like? I don't want to be saying everything is a-okay when we've been dNOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Friday, January 5, 2018 4:20 PM
Well, apparently GSTRING has no memory of what it posted just short while ago.
http://www.fireflyfans.net/mthread.aspx?bid=18&tid=62106&mid=1
042742#1042742
Is GSTRING a synthetic troll?
Maybe we have been posting to a synthetic "bot" all along ... a set of programmed responses and pre-programmed phrases designed by the NSA for political purposes? That would explain its lack of human background. For example, it's "sick mother" for which it can find no previous posted citation.
Whatever the case, GSTRING is remarkably inept.
-----------
Pity would be no more,
If we did not MAKE men poor - William Blake
America is an oligarchy
http://www.fireflyfans.net/mthread.aspx?tid=57876
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Friday, January 5, 2018 7:50 PM
Quote:If you post a link to the brackets that you consider valid, that is good enough for me. They are already part of existing law - of course subject to change. But it will give us an idea of what the landscape and roadmap is as of now.
Originally posted by 6IXSTRINGJACK:Quote:I don't think you can find any tax tables for 2018 yet. They usually don't print them that far in advance. (A google search shows plenty results for articles saying what the brackets will be, but no actual tables provided by the IRS).
Originally posted by JEWELSTAITEFAN:Quote:If you find and post a link for the 2019 Tax brackets as they stand now, I will run some numbers for you, as time allows.
Originally posted by 6IXSTRINGJACK:Quote:On face value, this definitely doesn't seem to be the horror show that some people were claiming it was. Any word yet on what the 2019 situation forward is going to look like? I don't want to be saying everything is a-okay when we've been duped by a good first year trojan horse.
Originally posted by JEWELSTAITEFAN:
http://www.businessinsider.com/tax-brackets-2018-trump-tax-plan-chart-
2017-12
]Thanks for that linky, I had only been going by what people said.
Property taxes likely did not affect, or help the poorest.
Let's assume that linky is accurate, and run some numbers.
Single, with income 21,520. In 2018 Tax would be $952. In 2017 Tax was $1203. With 1 non-spouse dependent $707. But that wage is $10/hr for 40 hour weeks the whole year, no other income.
Income 50,700. 2018 -> $4,456. 2017 -> $5,814. +1 dependent -> $5,039. +2 dependent -> $4,432.
Income 94,500. 2018 -> $14,092. 2017 -> $16,764. +1 -> $15,752. +2 -> $14,739.
Income 169,500. 2018 -> $32,092. 2017 -> $37,536. +1 -> $36,562.: +2 -> $35,588. +3 -> $34,614. +4 -> $33,640. +5 -> $32,666.
In 2018 there are no extra deductions for each dependent, other than spouse.
Looks like taxpayers with 1 or 0 kids are getting a Tax cut. Mostly due to the reduced Tax Rate in each bracket, plus the expansion of brackets.
I might cry for you if you make $100 too much and have to pay $10 in Tax.
lol... I still don't believe that the single guy without kids is getting a tax break. This sounds waaaaaaay too good to be true. Since when does Government reward responsibility?
Do you know anything about EIC in 2018? Do single parents with 4 kids now make 3 times as much as I do instead of only twice as much for the same job?
Do Right, Be Right. :)
The incomes I used above were at the thresholds of the new brackets, so the results between my examples should fairly run predictably. Let me know if there are other specific income examples you would want.
I only asked because I've heard a few articles saying that the first year wasn't bad, but after that it got worse. But you know my trust in the media. I hate thinking I have to wait over a year before I can make my own mind up about it though.
It looks like the EIC welfare program doesn't change much.
Do Right, Be Right. :)
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Friday, January 5, 2018 8:09 PM
Quote:
Originally posted by JEWELSTAITEFAN:
If you post a link to the brackets that you consider valid, that is good enough for me. They are already part of existing law - of course subject to change. But it will give us an idea of what the landscape and roadmap is as of now.
https://taxfoundation.org/2018-tax-brackets/
That's for 2018. Pretty much what we were talking about. Though this link is nice because it shows the AMT and EIC brackets as well.
I'm wondering what they are going to be for 2019. I've heard some people here complain that it is worse for the working class in 2019, but I don't see any evidence of that because I can't find anything on it.
NOTE: Anybody looking at those tables should keep in mind that for the tax brackets you need to add $12,000 to the numbers for a single filer, 18,000 for head of household and $24,000 for married filing jointly before the taxes kick in.
For instance, a single person making $24,524.99 or less doesn't pay a dime in Federal Income Tax. (However, they're still royally screwed from the first penny to the last on the SSI/Medicare taxes, of 7.65% for employees, and 15.30% for self employed. Just look at it as 15.30% for everybody. Your employer does.)
Do Right, Be Right. :)
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Saturday, January 6, 2018 3:19 AM
Quote:The exact dollar amount of the tax tables likely must wait for the inflation calculation a Year from now. But if we know there are fundamental differences in the bracket structure, I can work site that, for purposes of comparison.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:
If you post a link to the brackets that you consider valid, that is good enough for me. They are already part of existing law - of course subject to change. But it will give us an idea of what the landscape and roadmap is as of now.
https://taxfoundation.org/2018-tax-brackets/
That's for 2018. Pretty much what we were talking about. Though this link is nice because it shows the AMT and EIC brackets as well.
I'm wondering what they are going to be for 2019. I've heard some people here complain that it is worse for the working class in 2019, but I don't see any evidence of that because I can't find anything on it.
NOTE: Anybody looking at those tables should keep in mind that for the tax brackets you need to add $12,000 to the numbers for a single filer, 18,000 for head of household and $24,000 for married filing jointly before the taxes kick in.
For instance, a single person making $24,524.99 or less doesn't pay a dime in Federal Income Tax. (However, they're still royally screwed from the first penny to the last on the SSI/Medicare taxes, of 7.65% for employees, and 15.30% for self employed. Just look at it as 15.30% for everybody. Your employer does.)
Do Right, Be Right. :)
I get better search results from duckduckgo.com for this. The hits from savingtoinvest.com seem clearer.
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Saturday, January 6, 2018 6:50 AM
Do you have any for 2019? I can't find any.
Do Right, Be Right. :)
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