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Posted on 11/4/20 at 5:57 pm to BabyTac
Taxes are definitely going up in 2022. If you don’t work it will not impact you, though.
This post was edited on 11/4/20 at 5:58 pm
Posted on 11/4/20 at 5:59 pm to Donnie 9 inch
quote:
had to lay off people that worked for my company for years during the Obama years.
Yes, those first 4 years under obama were rough. But after cleaning up the mess the Republicans made, my business boomed during the second term. And has continued to boom under Trump.
Posted on 11/4/20 at 6:02 pm to BabyTac
I’ve never noticed much with different presidents.
Biden is a different kind of stupid and sadly he won’t make it more than a year and then the real fun begins.
Biden is a different kind of stupid and sadly he won’t make it more than a year and then the real fun begins.
Posted on 11/4/20 at 6:04 pm to Skaterboi
quote:
State governor and your cities mayor have more to do with our day to day life, quality of life
I hear this as though it's some means of taking importance of losing the presidency. This though is not true. Yes gov mayor can greatly affect your quality of life but the size of the Federal govt makes local leaders somewhat beholden to DC.
Posted on 11/4/20 at 6:04 pm to BabyTac
According to what we know about Biden's tax plan, your paycheck shouldn't change much, if at all, unless you are making more than $400k per year.
Posted on 11/4/20 at 6:05 pm to BabyTac
If you own rental properties or buy and sell real estate you will see a massive change if Biden's plans are implemented.
Posted on 11/4/20 at 6:05 pm to BabyTac
I lost my job the month Obama got elected and then lost everything I had and got divorced. For some reason I couldn’t get a job the 8 years he was president. I then got a job that is tough to get making twice what I was making pre Obama. I got that job the same month trump got elected. I’m sure it was just coincidence.
Posted on 11/4/20 at 6:09 pm to Skaterboi
quote:
State governor and your cities mayor have more to do with our day to day life, quality of life
True 100%
Posted on 11/4/20 at 6:09 pm to BabyTac
You do resize that a guy with dementia, who won't last 6 months, will resign and give way to a Socialist who is further left than Bernie Sanders, and who will pick one of the squad as VP.... Your life will change in ways you cannot even fathom at this moment.
If you are young and can be drafted hold on to your arse. Trump us the 1st President ever to not have a war under his tenure.
If you are young and can be drafted hold on to your arse. Trump us the 1st President ever to not have a war under his tenure.
Posted on 11/4/20 at 6:11 pm to BabyTac
quote:
Regardless of who the president was? Mine never really has. Just curious.
I usually despise your threads PH Playa, but I'll answer.
I vote republican for Congress, Senator, President.
The Affordable Care Act had two adverse effects on me.
1. the high deductible plan we were changed to was garbage and cost me thousands as it did everyone.
2. I paid $447 tax penalty in 2016 for changing jobs(being without insurance for 4 months). That really pissed me off as it was for NOTHING.
Obama did something good for me during mortgage crisis. He allowed losses on short-sold houses to be left off of income taxes. I went through divorce in 2011 and had to short sell a house. We sold it for 40k under value. Prior to his signing that bill, I'd be on the hook for that difference as 'income' for the year. I know it sounds backwards but look it up under "short sales".
Short sales were a huge deal during the mortgage crisis to avoid foreclosures and bankruptcies.
And without this bill, I wouldn't have received a tax refund in 2012.
This post was edited on 11/4/20 at 6:12 pm
Posted on 11/4/20 at 6:12 pm to mikelbr
quote:
This is a LA forum, bye bye Oil and Gas industry, your state will suffer.
That's BS
Posted on 11/4/20 at 6:15 pm to SoFla Tideroller
quote:
The Democratic Party is no longer just a liberal party who may want to set the upper tax bracket at, say, 35% while the Republicans want 26% or the like.
you realize the upper tax bracket used to be much, much higher than that right. it was 50% as recently as 1986 and 70% in 1981. good thing we have a marginal tax rate
Posted on 11/4/20 at 6:16 pm to BabyTac
Trump’s trade policy with China lost me a job. Tariffs are economically devastating.
Posted on 11/4/20 at 6:17 pm to SlidellCajun
quote:
The oil and gas business is in for a tough time
True for the foreseeable future no matter who wins/won.
Posted on 11/4/20 at 6:17 pm to BabyTac
If it's a Democrat stuff costs a bit more, if it's a Republican I have to deal with moron college aged kids who don't understand what true suffering and evil is.
Posted on 11/4/20 at 6:18 pm to CuseTiger
quote:
politics does not have a place in my fun activities aka traveling
Well, don’t let it determine where you live either.
Posted on 11/4/20 at 6:18 pm to sgallo3
quote:
you realize the upper tax bracket used to be much, much higher than that right. it was 50% as recently as 1986 and 70% in 1981. good thing we have a marginal tax rate
So 40 years ago, which is longer than I've been alive. Literally 1981 is closer to WW2 than current day.
Posted on 11/4/20 at 6:27 pm to BabyTac
Well, once I get laid off from my evil big oil job I will have a lot more free time.
Posted on 11/4/20 at 6:27 pm to BabyTac
Lost my job when Obama Care hit. Made lots of money under Trump.
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