Posted on 12/02/2017 6:36:12 PM PST by RKBA Democrat
....”The Trump tax calculator — will you pay more or less?”....
Less....
Americans will know if they were doing better when they see businesses returning from overseas. Unemployment will drop, jobs will be abundant, and opportunities will expand.
Actually, it's much simpler than that. Americans will know they are doing better when they feel like they have more money, either by actually having more money or by having things cost less.
If it becomes more difficult to make the mortgage payments than it used to be, you'll never convince Americans that they are doing better no matter how many jobs return to our shores.
How does one go about prepaying property tax?
google ‘Navistone’
In California property tax is paid in 2 installments—1/2 in December and 1/2 in April. The April installment can be paid in December if you choose and deducted in the same tax year as the regular December payment.
In California property tax is paid in 2 installments—1/2 in December and 1/2 in April. The April installment can be paid in December if you choose and deducted in the same tax year as the regular December payment.
Trust me, I have NO ISSUE with the child tax credit and agree with your rationale. My point was the refundability part. If it were the credit in general, I would have said “breeding” instead of “breathing”.
But I do know that there are many flat-taxers here who would love to see all incentives for having kids done away with...if you want to have kids, then it’s your problem. The fact that our birthrate, already too low, would be cut in half if we did that, simply cruises over their heads.
As to being refundable, I’d simply rather the incentive for having kids be favored towards net taxpayers, as I think they make more responsible parents.
People had plenty of children before 1913, so: Repeal the 16th Amendment.
This ain’t 1913 anymore, when kids were looked at as a needed asset to families, for both labor and old age. Both of those incentives are gone now.
Now kids are a considered not much more than a parasite, at least by FAR TOO MANY PEOPLE...which is why they’re barely having kids now, even with the many incentives.
I would suggest using the Adjusted Gross Income amount from your tax return. That amount will have already applied any 401k contributions or pretax adjustments.
That one is better since it also gives current taxes to contrast with the bills. We would get at least $100/month advantage.
when they lose money, they take notice.
so do you pay zero taxes and lost a refund of non refundable tax credits?
These plans absolutely slam anyone without kids. There’s no way around it.
You get the higher standard deduction, but lose the personal exemption. Then are far less likely to be able to itemize deductions on top of that, including with state and local taxes.
Meanwhile, along with all the new and expanded kiddo credits, Jivanka’s millionaire Manhattan and DC friends will get potentially massive new savings as we all subsidize their sending their kiddos to crazy-expensive private schools.
Ho ho ho—Merry Christmas, suckers!
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MarketWatch I believe is CBS...
You’ve all been played.
The vast majority of people are getting tax cuts...
The Tax Foundation has a chart that covers about 15 scenarios.
Most people are getting tax cuts. One question I have to wonder is whether people realize that what they put into the calculator is their AGI, not their gross salary.
I ran the numbers both with and without the calculator and the difference in the amounts was negligible. I see a very healthy tax cut.
Because I am close to retirement, I am socking away all I can into 401k. Because of that, I will get a huge refund under this plan.
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