Posted on 12/21/2017 3:22:10 AM PST by central_va
i suppose so, though i wonder if people will view it that way. short term, they are perhaps probably more likely to argue that california is the most productive state and the state taxes provide services that fuel that productivity and so should not be tampered with without jeapoardizing that productivity (not saying it is a correct argument myself)... but the local liberal politicians are seemingly rather set on the tax and spend path...
So unless there is something else going on with your taxes, your net tax bill will indeed go down significantly. ($4,069 + $875 - $1,804 = $3,140 lower)
I'm SO bad at math, I stopped balancing my checkbook 50 years ago; but, by living within my means, I managed to accumulate a decent bundle. :)
I was hoping the tax bracket "moves"—and taking the new standard deduction—might save me. :)
The huge majority of people don’t understand taxes. Even with a W2, and no deductions, I bet at least 75% of the populace couldn’t figure out a basic 1040.
I’m ‘lucky’, I’ve always done my own even though now I have a Sched C/SE and a good 5+ other forms, so I know how to work through it. Such a pain, a bunch of the forms you have to half-full out, go to another, fill half of that one to move the numbers to another format to finish so they can go back to the other forms to fill it out. It’s several hours of annoyance for a couple days
the tax “break” for income between 82 up to 156 is a measly 1%.....
I should have thanked you earlier for your help—especially as it has relieved my mind. Thank you. :)
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