I can testify, with certainty, my taxes will go up substantially.
I’ve used all the tools people here have posted. And I’ve run my own numbers.
My taxes go up.
Anyone who says they won’t is either, at best disingenuous, or at worst, a liar.
“Only a small sliver of taxpayers (in the ballpark of ten percent) might expect to see their tax bill rise due to tax reform, and those are disproportionately wealthier itemizers who live in high-tax blue states. “
How much is 10% of 150+ million filers?
Over 15 million people will see their taxes go up.
But that’s ok because they are in CA, right?
Can you provide me with a source for those tools? Thanks.
You know, you could make it up if you could convince your state to reduce its sales tax by maybe 2% and eliminate all the other BS taxes that have been imposed on you over the past 10 years..............With the exception of the weather, it sucks living in California doesn't it?........LOL!
I guess those of us whose taxes will go down, are liars. Sorta like deplorables, right Hillary? Jerk.
I can testify, with certainty, my taxes will go up substantially.
I’ve used all the tools people here have posted. And I’ve run my own numbers.
My taxes go up.
Anyone who says they won’t is either, at best disingenuous, or at worst, a liar.
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If, as most Democrats do, you live in a high tax state and make a lot of money, your taxes may indeed go up. But that’s because people in low tax states are now subsidizing people in high tax states. Blame your high tax state, not the new tax bill.
We are in the same boat...have used every calculator available and come out paying more, to varying degrees.
And yes, we live in a high tax blue state (Washington) but since my husband is a firefighter and I am a stay at home mom, I find it hard to believe that anyone would classify us as “high-income”).
The loss of the personal exemption is what is killing us. We itemize, because of charitable contributions, property taxes, and local sales taxes. Those three things together generally run about $22-24K on a $90K income - which was then reduced by another $8K+ for two personal exemptions. So, we will no longer have to take the time to fill out the Schedule A but we will now owe around $2-3K more in taxes, which is pretty significant to us!
I can't be certain, but I think it would raise mine too. Most of my income is from investments (stocks, bonds, real estate).
But, I would be ok with that (within reason) if I knew for sure it was helping most working people... but I'm not certain on that either.
“I can testify, with certainty, my taxes will go up substantially.
I’ve used all the tools people here have posted. And I’ve run my own numbers.
My taxes go up.
Anyone who says they won’t is either, at best disingenuous, or at worst, a liar.”
And I can testify that you must be a truly special person. Seeing that the final bill has not been voted on and WE do not know for a certainty what’s in it...you are indeed very special.
Please tell us the numbers for the next Power Ball....