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How much lower was your tax rate for 2018?

Posted on 4/2/19 at 9:45 pm
Posted by TitleistProV1X
Member since Nov 2015
3509 posts
Posted on 4/2/19 at 9:45 pm
Just got my taxes back and my marginal tax rate was down 4% compared to 2017 despite my income being higher for 2018. Anyone else benefit from the tax cuts? First time I’m getting a decent refund in years.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/2/19 at 9:46 pm to
I’ve been putting off doing our’s, but this gives me hope.
Posted by Ollieoxenfree99
Member since Aug 2018
7748 posts
Posted on 4/2/19 at 9:47 pm to
Same
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120177 posts
Posted on 4/2/19 at 9:48 pm to
Hail Trump!
Posted by WPBTiger
Parts Unknown
Member since Nov 2011
30890 posts
Posted on 4/2/19 at 9:50 pm to
Made more and marginal tax rate was down about 2%
Posted by AubieinNC2009
Mountain NC
Member since Dec 2018
4908 posts
Posted on 4/2/19 at 9:51 pm to
self employed 1099 paid about 20% less this year and made a lot more
Posted by Clark14
L.A.Hog
Member since Dec 2014
19067 posts
Posted on 4/2/19 at 9:51 pm to
Paid $3,000 extra for the first time in my life.Thanks trump.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72507 posts
Posted on 4/2/19 at 9:53 pm to


marginal rate was going to be down a nice 6% originally.

but once i did all my business deductions and retirement contributions my rate dropped 16%

unbelievable. THANK YOU TRUMP!
Posted by TitleistProV1X
Member since Nov 2015
3509 posts
Posted on 4/2/19 at 9:55 pm to
quote:

Paid $3,000 extra for the first time in my life.Thanks trump.


You paid a higher marginal tax percentage? Did your cpa say what caused this because every tax bracket was reduced if I remember correctly.
Posted by SlickRick55
Member since May 2016
1877 posts
Posted on 4/2/19 at 9:56 pm to
24% down to 22%
Posted by bamaswallows
Baton Rouge
Member since Dec 2007
1175 posts
Posted on 4/2/19 at 9:58 pm to
I went from about 28% average rate in 2017 to 25% in 2018 on more income.... still had to pay a metric shite ton but it was a lower %
Posted by Ollieoxenfree99
Member since Aug 2018
7748 posts
Posted on 4/2/19 at 9:58 pm to
But that cuckstick that lost the governorship in FL wants to take the tax break to pay off all college school loans to mark them forgiven.

frick that guy right in the ear
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120177 posts
Posted on 4/2/19 at 9:59 pm to
My marginal went up 1%

Made a lot more last year though
Posted by Sull
Benton, LA
Member since Aug 2006
3269 posts
Posted on 4/2/19 at 10:02 pm to
Not sure what % but my accountant said we are getting back over $40K more than last year due to Trumps tax cuts.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72507 posts
Posted on 4/2/19 at 10:05 pm to
quote:

Paid $3,000 extra for the first time in my life.Thanks trump.




because you made more thanks to trump or you are a fricking liar leftist like usual
Posted by highcotton2
Alabama
Member since Feb 2010
9391 posts
Posted on 4/2/19 at 10:06 pm to
quote:

we are getting back over $40K more than last year due to Trumps tax cuts.


How does one go about getting back $40k? Where was it to get it back?
Posted by gumbeaux
Member since Jun 2004
4462 posts
Posted on 4/2/19 at 10:09 pm to
quote:

Not sure what % but my accountant said we are getting back over $40K more than last year due to Trumps tax cuts


Sounds like to need to adjust your W-4
Posted by graychef
Member since Jun 2008
28323 posts
Posted on 4/2/19 at 10:12 pm to
(no message)
This post was edited on 3/7/21 at 11:41 am
Posted by Clark14
L.A.Hog
Member since Dec 2014
19067 posts
Posted on 4/2/19 at 10:13 pm to
I made the same amount,but paid for it in the end.

Not lying,and it's happened to others I know.

Work hard,make six figures,take it in the butt.

But I'm 62,my wife don't work,kids grown and gone,everything paid off.I guess I should be punished for doing the right things.

Thanks trump,glad you took care of your worthless arse.

Posted by Teddy Ruxpin
Member since Oct 2006
39554 posts
Posted on 4/2/19 at 10:22 pm to
Me: up 1%
Wife: down 1%
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