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Tax reform
Posted: Thu Jan 25, 2018 8:16 pm
by Goober McTuber
I assume that most of you dickslaps that do your own taxes have already reviewed the implications for your 2018 taxes. I am apparently in the group that will see no benefit from these changes, and will be negatively affected as they are phased out.
Our itemized deductions for 2016 were about $25,000. With tax reform pushing us to the $24,000 standard deduction and the elimination of our 2 personal exemptions, our taxable income should increase by roughly $9,000. The 3% reductions in the bracket rates should make that a wash in terms of total tax paid. But our payroll withholding amounts will be going down (based on the recently released withholding schedules), and less withheld will probably mean taxes owed next January.
I intend to increase additional federal tax withheld from each check by whatever amount the current federal withholding decreases. My take home stays the same and I should not get any nasty surprises a year from now.
Re: Tax reform
Posted: Thu Jan 25, 2018 8:46 pm
by Left Seater
Sounds like you have a good handle on it.
We haven’t completed our own taxes for years. It gets really complicated due to earnings in other states and the required State taxes in some of them.
Re: Tax reform
Posted: Thu Jan 25, 2018 9:45 pm
by Bucmonkey
Corporate kick-backs will save Merica...
![Rolling Eyes :meds:](./images/smilies/icon_rolleyes.gif)
Re: Tax reform
Posted: Thu Jan 25, 2018 9:48 pm
by L45B
Bucmonkey wrote:Corporate kick-backs will save Merica...
![Rolling Eyes :meds:](./images/smilies/icon_rolleyes.gif)
No, but government housing and a $50 minimum wage surely will.
![Rolling Eyes :meds:](./images/smilies/icon_rolleyes.gif)
Re: Tax reform
Posted: Thu Jan 25, 2018 9:57 pm
by Goober McTuber
L45B wrote:Bucmonkey wrote:Corporate kick-backs will save Merica...
![Rolling Eyes :meds:](./images/smilies/icon_rolleyes.gif)
No, but government housing and a $50 minimum wage surely will.
![Rolling Eyes :meds:](./images/smilies/icon_rolleyes.gif)
Not adding $1.5 trillion to the national debt would have been a good start.
Re: Tax reform
Posted: Thu Jan 25, 2018 10:04 pm
by Diego in Seattle
Re: Tax reform
Posted: Thu Jan 25, 2018 10:11 pm
by Left Seater
Rosie is a fat idiot who doesn’t know how to play the game.
Re: Tax reform
Posted: Fri Jan 26, 2018 12:14 am
by Left Seater
Bucmonkey wrote:Corporate kick-backs will save Merica...
![Rolling Eyes :meds:](./images/smilies/icon_rolleyes.gif)
So dropping the corporate tax rate to something still above 1/5th is kick-backs? Ok, whatever.
Sad how some have been lead to view reality.
Re: Tax reform
Posted: Fri Jan 26, 2018 9:25 am
by Carson
Goober McTuber wrote:I intend to increase additional federal tax withheld from each check by whatever amount the current federal withholding decreases.
How noble of you.
Re: Tax reform
Posted: Fri Jan 26, 2018 3:30 pm
by Goober McTuber
Papa Willie wrote:Goober McTuber wrote:
Not adding $1.5 trillion to the national debt would have been a good start.
Oh - suddenly the debt matters?
It has always mattered you fat fucking retard.
Re: Tax reform
Posted: Fri Jan 26, 2018 3:31 pm
by Goober McTuber
Carson wrote:Goober McTuber wrote:I intend to increase additional federal tax withheld from each check by whatever amount the current federal withholding decreases.
How noble of you.
You really are one dense motherfucker.
Re: Tax reform
Posted: Fri Jan 26, 2018 3:32 pm
by Goober McTuber
88 wrote:Why does Goobs not have to pay his fair share?
And what the fuck are you talking about?
Re: Tax reform
Posted: Fri Jan 26, 2018 7:23 pm
by Carson
Goober McTuber wrote:Carson wrote:Goober McTuber wrote:I intend to increase additional federal tax withheld from each check by whatever amount the current federal withholding decreases.
How noble of you.
You really are one dense motherfucker.
Dense is someone who lets the gubmint earn interest off their money instead of themself.
Ever heard of a Christmas club account?
Re: Tax reform
Posted: Fri Jan 26, 2018 7:29 pm
by Goober McTuber
Carson wrote:Dense is someone who lets the gubmint earn interest off their money instead of themself.
Oh dear God. What are they getting, 1.4%?
Re: Tax reform
Posted: Fri Jan 26, 2018 8:06 pm
by Left Seater
Goober McTuber wrote:Carson wrote:Dense is someone who lets the gubmint earn interest off their money instead of themself.
Oh dear God. What are they getting, 1.4%?
I have long thought there should be no withholding. If taxpayers actually had to save and saw what that amount was monthly, they would revolt and force tax reductions. But withholding makes it easy to hide what is actually going to the government.
Re: Tax reform
Posted: Fri Jan 26, 2018 8:31 pm
by Goober McTuber
Left Seater wrote:Goober McTuber wrote:Carson wrote:Dense is someone who lets the gubmint earn interest off their money instead of themself.
Oh dear God. What are they getting, 1.4%?
I have long thought there should be no withholding. If taxpayers actually had to save and saw what that amount was monthly, they would revolt and force tax reductions. But withholding makes it easy to hide what is actually going to the government.
But of course too many people would not have the self-discipline to save that money and half of the population would wind up in debtors' prison.
Re: Tax reform
Posted: Fri Jan 26, 2018 8:35 pm
by Left Seater
More likely wage garnishments, but yeah, all the more reason to do away with withholding. Once the masses go they that the more likely they will be pissed about the governments take.
Re: Tax reform
Posted: Fri Jan 26, 2018 8:55 pm
by Goober McTuber
Then with those garnishments they will be even less likely to be able to save money for next year's taxes. Sorry, it's not at all a practical suggestion. Anyone who is unable to look at their paystub and figure out how much the government is taking is probably not paying a shit ton of taxes anyway. Cause they be dumb.
Re: Tax reform
Posted: Sat Jan 27, 2018 3:06 am
by Moving Sale
Why is that? You live in Nevada.
Re: Tax reform
Posted: Sat Jan 27, 2018 7:29 pm
by Moving Sale
88 wrote:... something to the table other than your well-fapped utopianist slag.
Are you inferring that your slag is not utopian?
Re: Tax reform
Posted: Sun Jan 28, 2018 3:47 am
by smackaholic
Haven't done mine yet, but I suspect I will make out well as I have taken the standard deduction for years, mainly because I have paid little (none these last 3 years) in mortgage interest. I wish to fukk they'd do away with the rest of the deductions as well.
Re: Tax reform
Posted: Sun Jan 28, 2018 6:40 am
by Derron
Goober McTuber wrote:Then with those garnishments they will be even less likely to be able to save money for next year's taxes. Sorry, it's not at all a practical suggestion. Anyone who is unable to look at their paystub and figure out how much the government is taking is probably not paying a shit ton of taxes anyway. Cause they be dumb.
But..but..I am waiting to get my tax refund back to buy some new rims and shit for my ride.
Re: Tax reform
Posted: Mon Jan 29, 2018 1:41 pm
by Goober McTuber
Papa Willie wrote:Goober McTuber wrote:Papa Willie wrote:Oh - suddenly the debt matters?
It has always mattered you fat fucking retard.
Quit being so semenistic, fag. I never saw you libs cry when Obama was raising the debt through the fucking stratosphere.
Who writes the budgets, the president or the congress?
Re: Tax reform
Posted: Mon Jan 29, 2018 1:45 pm
by Goober McTuber
88 wrote:Goober McTuber wrote:88 wrote:Why does Goobs not have to pay his fair share?
And what the fuck are you talking about?
I might be going out on a limb here, correct me if I'm wrong... but it kind of sort of sounded like you were
disappointed about the tax relief you are receiving as a result of the Trump(care) Tax Cut. From my distant observation point, which is not perfect I admit, it sounded like you might "net" out where you started.
If I net out where I started, then I lose. Because these tax "cuts" are phased out over 10 years. So I'm guessing my taxes just might go up. Tax relief? Yeah, right.
Re: Tax reform
Posted: Mon Jan 29, 2018 1:49 pm
by Goober McTuber
Derron wrote:Goober McTuber wrote:Then with those garnishments they will be even less likely to be able to save money for next year's taxes. Sorry, it's not at all a practical suggestion. Anyone who is unable to look at their paystub and figure out how much the government is taking is probably not paying a shit ton of taxes anyway. Cause they be dumb.
But..but..I am waiting to get my tax refund back to buy some new rims and shit for my ride.
What the fuck are you babbling about now?
Re: Tax reform
Posted: Mon Jan 29, 2018 2:33 pm
by Goober McTuber
88 wrote:Goober McTuber wrote:Derron wrote:But..but..I am waiting to get my tax refund back to buy some new rims and shit for my ride.
What the fuck are you babbling about now?
There are two kinds of people in this world, those who can understand a humorous comment with incomplete information.
Humorous? Dohron? Are you serious? I'm not looking for a refund. I'm looking to net out even on January 1. Based on the tax reform, if I did nothing regarding our withholding, I would suddenly find myself owing a couple thousand dollars a year from now.
Rims? Did I replace Screwball as our token black?
Re: Tax reform
Posted: Mon Jan 29, 2018 3:19 pm
by Sirfindafold
Goober McTuber wrote: Did I replace Screwball as our token black?
No, you are still just the blithering idiot.
Re: Tax reform
Posted: Mon Jan 29, 2018 3:26 pm
by Goober McTuber
Sirfindafold wrote:Goober McTuber wrote: Did I replace Screwball as our token black?
No, you are still just the blithering idiot.
I could be both...
Re: Tax reform
Posted: Mon Jan 29, 2018 6:22 pm
by Goober McTuber
schmick wrote:By that logic, owebama is the one who wants to deport the dreamers as it was him who set the date in March 2018 for DACA to run out.
In 10 years the then president can keep the tax rates the same or make them go up
Does the president set tax rates? Moron.
Re: Tax reform
Posted: Mon Jan 29, 2018 9:14 pm
by Left Seater
Goober McTuber wrote:schmick wrote:By that logic, owebama is the one who wants to deport the dreamers as it was him who set the date in March 2018 for DACA to run out.
In 10 years the then president can keep the tax rates the same or make them go up
Does the president set tax rates? Moron.
Goobs, your example assumes nothing changes in your income or personal situation. Will your income be the same, will you be retired? Will Congress make zero changes between now and 10 years? Hell, will we all be North Koreans by then?
Re: Tax reform
Posted: Mon Jan 29, 2018 9:35 pm
by Goober McTuber
Left Seater wrote:Goober McTuber wrote:schmick wrote:By that logic, owebama is the one who wants to deport the dreamers as it was him who set the date in March 2018 for DACA to run out.
In 10 years the then president can keep the tax rates the same or make them go up
Does the president set tax rates? Moron.
Goobs, your example assumes nothing changes in your income or personal situation. Will your income be the same, will you be retired? Will Congress make zero changes between now and 10 years? Hell, will we all be North Koreans by then?
Yes. I know.
I plan to live forever. So far, so good.
Re: Tax reform
Posted: Mon Jan 29, 2018 9:59 pm
by Mikey
Goober McTuber wrote: So far, so good.
A matter of opinion.
Re: Tax reform
Posted: Mon Jan 29, 2018 10:02 pm
by Goober McTuber
Mikey wrote:Goober McTuber wrote: So far, so good.
A matter of opinion.
You think I'm dead? [Captain Obvious]You're not very smart.[/Captain Obvious]
Re: Tax reform
Posted: Mon Jan 29, 2018 10:20 pm
by Mikey
Goober McTuber wrote:Mikey wrote:Goober McTuber wrote: So far, so good.
A matter of opinion.
You think I'm dead? [Captain Obvious]You're not very smart.[/Captain Obvious]
Where did I say anything about dead?
[Captain Obvious]You're not very smart.[/Captain Obvious]
The concept of you continuing to use up air as somehow being "good" is what's questionable.
Re: Tax reform
Posted: Mon Jan 29, 2018 10:27 pm
by Moving Sale
The diff between Drump wackos and real people. Trump wackos will back other wackos no matter the situation, real people dis those who they think need to be dissed.
Re: Tax reform
Posted: Mon Jan 29, 2018 11:06 pm
by Left Seater
Moving Sale wrote:Trump wackos with suck eachother's cock no matter the situation, real people dis those who they think need to be dissed.
And some of y’all were claiming Midget Flail is smart.
Nice racist, homophobic stream of words there.
Re: Tax reform
Posted: Tue Jan 30, 2018 12:23 am
by Moving Sale
Happy now?
I get that metaphors make you melt like a warm snowflake, but that was pathetic.
Re: Tax reform
Posted: Tue Jan 30, 2018 4:47 am
by Left Seater
Regardless it is still racist and homophobic.
Re: Tax reform
Posted: Tue Jan 30, 2018 5:20 am
by Moving Sale
If by both you mean neither.
Re: Tax reform
Posted: Tue Jan 30, 2018 1:50 pm
by Left Seater
Nope I mean racist and homophobic, Board Bitch.