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re: Do you know anyone stupid enough to think this tax plan is bad?
Posted on 12/20/17 at 11:46 am to slackster
Posted on 12/20/17 at 11:46 am to slackster
quote:Please show me that. Good faith request. Your post seemed in good faith. Assume someone making that still owes ~$350-$600k on a mortgage (at a good 3.3% rate) and has attendant property taxes.
Single lawyer in Virginia making $150k/year will still see a federal tax break even if you itemize and have deductions of $10,000 + SALT. You've got to find a very specific situation to say this won't help salaried professionals in the $100-$200k range.
This post was edited on 12/20/17 at 11:49 am
0
Posted on 12/20/17 at 12:03 pm to Navytiger74
I'm single and salaried in the 100-200k range. It saves me 2.6k.
It's worth noting my deductions weren't enough to warrant more than the standard deduction, so I get full benefit from the deduction doubling.
It's worth noting my deductions weren't enough to warrant more than the standard deduction, so I get full benefit from the deduction doubling.
Posted on 12/20/17 at 12:05 pm to Tiguar
quote:
I'm single and salaried in the 100-200k range.
smh, a pill-pushing drug dealer gets to rake in such princely sums.
Posted on 12/20/17 at 12:05 pm to HempHead
I actually get less than actual retail drug pushers. That's my reward for doing extra work and training to be clinical.
Posted on 12/20/17 at 12:07 pm to Tiguar
If you don't mind me asking, are you working for a retail chain or a proprietary holding?
ETA: just curious cause I know a baw who owns a few stores and a compounding business and he makes so much money that I want to cry
ETA: just curious cause I know a baw who owns a few stores and a compounding business and he makes so much money that I want to cry
This post was edited on 12/20/17 at 12:08 pm
Posted on 12/20/17 at 12:09 pm to HempHead
No. I work as a clinical pharmacist in a hospital.
Posted on 12/20/17 at 12:09 pm to Navytiger74
quote:Maybe if you're single yet inexplicably have a McMansion but for the most part we'll come out fine. I'm not a fan of this tax plan for several reasons but it will undeniably benefit me.
This won’t help young single lawyers and other salaried professionals in the $100-$200k range. And we pay taxes.
Posted on 12/20/17 at 12:12 pm to Navytiger74
quote:
This won’t help young single lawyers and other salaried professionals in the $100-$200k range.
Then how do you explain the fact that I fit that description exactly and will benefit?
Posted on 12/20/17 at 12:13 pm to Tiguar
quote:
Tiguar
Drug dealer lecturing a Navy man.
quote:Well there you go.
It's worth noting my deductions weren't enough to warrant more than the standard deduction, so I get full benefit from the deduction doubling.
Millennials.
Posted on 12/20/17 at 12:18 pm to Tigerlaff
quote:See Tiguars response and Iosh’s. May have something to do with one’s itemized deductions still exceeding the new standard deduction by a bit and the difference in state tax liabilities. As I said, I barely save in no-tax Washington. I barely lose in Virginia.
Then how do you explain the fact that I fit that description exactly and will benefit?
Posted on 12/20/17 at 12:18 pm to Navytiger74
How many single people making six figures are itemizing though?
Posted on 12/20/17 at 12:21 pm to Iosh
quote:Don’t you live in Texas, breh ? How’re state taxes there? How’re real estate costs outside very tony areas?
Maybe if you're single yet inexplicably have a McMansion but for the most part we'll come out fine. I'm not a fan of this tax plan for several reasons but it will undeniably benefit me.
Posted on 12/20/17 at 12:21 pm to TDcline
Yes. Recently accepted a FB request from some girl in high school and immediately realized why I never like her. Couple of weeks ago she posted about how everything she's read leads her to believe that the tax plan was going to make her homeless. Everyone was telling her she was wrong but she just stuck her fingers in her ears and screamed at the sky.
Posted on 12/20/17 at 12:26 pm to Iosh
quote:We’re losing sight of my original point. I think it’s a good bill because the answer to that is “relatively few.” And the benefits to the economy could be significant. But not everyone who doesn’t stand to benefit is making $25k a year waiting tables at Red Robin.
How many single people making six figures are itemizing though?
Posted on 12/20/17 at 12:27 pm to TDcline
chuck and nancy
Posted on 12/20/17 at 12:28 pm to Navytiger74
dont sit there and say "no one will benefit" and move goalposts around when people tell you youre wrong.
Posted on 12/20/17 at 12:36 pm to Tiguar
quote:Um, the vast majority of Americans will benefit. That’s a mathematical fact.
dont sit there and say "no one will benefit" and move goalposts around when people tell you youre wrong.
I said that not everyone who doesn’t benefit is a super high earner or super low earner and noted that the bill clearly isn’t targeted to benefit single filers in a certain tax range. And I made a point to note that while I won’t be hurt by it, guys in major metros with higher real estate costs, state taxes, and property taxes won’t much benefit.
We’re not even disagreeing about this, my tamberine man.
Posted on 12/20/17 at 12:44 pm to TDcline
What’s the justification for making the middle/lower class tax cuts temporary? It just seems like any easy talking point for the Dems to criticize the bill.
Posted on 12/20/17 at 12:52 pm to Esquire
quote:Corporate tax cuts are unpopular, individual tax cuts are popular. Making the popular part temporary means the 2026 Congress is less likely to actually let it expire.
What’s the justification for making the middle/lower class tax cuts temporary?
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