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re: Anyone filed their taxes?
Posted on 1/14/19 at 5:26 pm to Mingo Was His NameO
Posted on 1/14/19 at 5:26 pm to Mingo Was His NameO
My first post insinuated that most people don’t know how to read tax tables or understand how standard deductions work. Some people in high tax states making a certain amount could pay more, but the overwhelming majority will pay less. That’s an absolute fact.
1
Posted on 1/14/19 at 5:29 pm to Ingloriousbastard
quote:
Some people in high tax states making a certain amount could pay more, but the overwhelming majority will pay less. That’s an absolute fact.
Most people were already not paying anything
Posted on 1/14/19 at 5:41 pm to Mingo Was His NameO
LINK
There are some situations where people could pay more, but a vast majority of people will pay less.
There are some situations where people could pay more, but a vast majority of people will pay less.
Posted on 1/14/19 at 5:49 pm to Ingloriousbastard
While the SD almost doubled, the personal exemption went away. Single SD was about $6K last year and the PE was about $4K, so about $10K. Now the SD is $12K, but the $4k is gone, so really a bump of about $2K for single filers.
Posted on 1/14/19 at 5:55 pm to Ingloriousbastard
quote:
There are some situations where people could pay more, but a vast majority of people will pay less.
You linked the tax tables, which does almost no good without context. I have a weekly tax reform call that discusses these issues, I promise you I know what's going on
Posted on 1/14/19 at 6:25 pm to MisslePig
Hells yeah bruh. Gotta get in front of the line for my $8000 return. Back porch on the double wide ain’t gonna fix itself.
Posted on 1/14/19 at 6:26 pm to MisslePig
I embezzle all my money
Posted on 1/14/19 at 6:28 pm to Dawgholio
Tax avoidance, not evasion, is the way to go. 
Posted on 1/14/19 at 6:31 pm to liz18lsu
I file on 4/15 because we always owe money.
Posted on 1/14/19 at 6:50 pm to fallguy_1978
quote:
I file on 4/15 because we always owe money.
Baller
Posted on 1/14/19 at 6:51 pm to liz18lsu
Nah. I just don't like loaning the government money interest free. I'd rather pay them some.
Posted on 1/14/19 at 6:54 pm to LouisianaLady
They've accepted it but nothing will happen until after the 28th.
Posted on 1/14/19 at 7:02 pm to MisslePig
I am getting killed on losing a lot of my property tax deductions and I am still over the standard deduction. I scaled up my quarterlies by $1k each quarter (just wrote the last check, mailing it tomorrow). Hopefully, it will be enough to cover, my estimates say it will be close.
Posted on 1/14/19 at 7:04 pm to fallguy_1978
quote:
Nah. I just don't like loaning the government money interest free. I'd rather pay them some.
A guy who gets it. I wish people understood how the tiered brackets work. "OMG, I am in the next tax bracket!" "No, like $5 of your taxable income is in that bracket."
Posted on 1/14/19 at 7:05 pm to Obtuse1
quote:
losing a lot of my property tax deductions
How much you paying?
Posted on 1/14/19 at 7:06 pm to liz18lsu
quote:
I wish people understood how the tiered brackets work. "OMG, I am in the next tax bracket!" "No, like $5 of your taxable income is in that bracket."
I've heard people at work say that. A few more thousand and we'll be paying higher rates. Yeah, on that $800
Posted on 1/14/19 at 7:09 pm to fallguy_1978
quote:
I've heard people at work say that. A few more thousand and we'll be paying higher rates. Yeah, on that $800
The average American's taxes are pretty simple and people refuse to be educated. They will pay H&R several hundred dollars for a W-2 and some 1098's. Amazing. If you own your own business, have rental property, I understand a bit more. But so many 1040-EZ filers pay someone.
Posted on 1/14/19 at 7:10 pm to liz18lsu
A little under $23k.
Posted on 1/14/19 at 7:12 pm to liz18lsu
quote:
The average American's taxes are pretty simple and people refuse to be educated. They will pay H&R several hundred dollars for a W-2 and some 1098's. Amazing. If you own your own business, have rental property, I understand a bit more. But so many 1040-EZ filers pay someone.
My uncle did his own taxes. He messed something up one year and spend 8 months in jail. So yeah, I don’t mind paying a cpa $800 or so.
Posted on 1/14/19 at 7:13 pm to MisslePig
Taxation is theft. With that said, I just pay whatever my CPA tells me to like everyone else.
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