Posted on 01/31/2019 4:41:58 PM PST by Beave Meister
Maybe we need to do it bigger then!
someof us have paid every year or broke even and never got the refunds you speak of so maybe just be thankful you got any refund before, and now you join the club of many of the rest of us.
Considering the fed reserved has raised rates 8 times in the last two years and withdrew 0.4T from QE, 3% gdp growth at this stage of the cycle is amazing. It likely would have been 5% absent the feds.
The refund isn’t the relevant part. It’s the total paid relative to what you earned.
The socialist are ticked off because America is once again producing. but what else can we expect from them.
Way too much missing from your tale...sounds like mismanagement of your deductions to the max to have a $6K refund one year and an $8K swing...there has to be factors where the changes occurred - how about sharing them with the rest of us?
I paid about $400 last year and decided to leave it the same to see what difference there would be (I use my military retirement as a balance to try to keep the refund/pay option under $500 either direction), but ended up taking some retirement account funds in preparation for buying a condo...$2800 of it that had no tax taken out and I ended up owing under $150 this year...tells me I’m about $400 or more to the good with the change if all things remained equal.
I’m familiar with his work and he’s wrong far more often than he is right. For example, in 2017 he was bearish on the US Equity markets because he thought President Trump would be bad for business. Wrong! S&P was up by 25% and NASDAQ was up by more than 28%. His political bias would have been very costly to anyone who would listen to his so-called investment advice.
I had over $18k in deductions eliminated because of the new policy. Advisor told me in the future start a business and lose money doing it. What!?!?
Did the “advisor” have any useful advice? If he/she has been advising for any time, they already should have known how you would be affected - the info wasn’t secret when the new deal went into effect.
Things are much simpler for us retired folks who saved enough to not have earned income anymore.
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