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Thread: Your TAXES
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02-15-2019, 02:30 PM #26
I'm a partner at my company so 2/3's of my income is pass thru LLC distributions (just like dipshit Trump) so I'm pretty stoked this year. Bad for the country, though.
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02-15-2019, 02:46 PM #27
Amazon will pay $0 in federal taxes this year, despite $11.2 billion in profits
Amazon confirmed the amount but said it followed all appropriate tax rules.“When you see something that is not right, not just, not fair, you have a moral obligation to say something. To do something." Rep. John Lewis
Kindness is a bridge between all people
Dunkin’ Donuts Worker Dances With Customer Who Has Autism
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02-15-2019, 02:54 PM #28Registered User
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I think most people live right on the edge and can't come up with enough money to pay a 1-2k tax bill
I know a CPA who at some point realized he was 1 year older than he thot so according to his balance sheet he could buy a new truck, but how does a guy who plans that closely forget how old he is?Lee Lau - xxx-er is the laziest Asian canuck I know
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02-15-2019, 03:24 PM #29
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02-15-2019, 03:28 PM #30
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02-15-2019, 03:43 PM #31
See, this is why us dentists don't want to share very often. Maybe, just maybe, adjusting your withholding allows you to up your contribution to your 401k that gets matched by your employer. Maybe, Just maybe, it allows you to put $6k in your wife's IRA at the start of the year and you get S&P return on that $ for the year. it's not rocket surgery rube. a lot of nickels add up to a lot of money over time. Wanna laugh at us? that's fine. We're laughin too. all the way to the bank.
"Can't you see..."
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02-15-2019, 04:00 PM #32Registered User
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Too bad TurboTax doesn’t show you what your tax bill would have been under the old rules. Hard to compare apples to apples if there was any change to your situation.
My tax rate increased from 13.9% to 15.8%, not including FICA taxes. Kind of annoying that it went up, but my income also went up about 30% so I won’t whine too much.
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02-15-2019, 04:03 PM #33
No 401k match from my employer, so that's pretty irrelevant for me. I didn't realize until just now that you could draw from an IRA penalty-free to make tax payments, so that does make some sense. But, there's certainly risk that the market could tank that year and you lose money instead.
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02-15-2019, 04:14 PM #34Registered User
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I'm not so much against my taxes going up, I'm against them going up, while the deficit goes up, and taxes are being used on shit I don't agree with.
That said, I don't have the final numbers in yet, but I'm guessing we'll end up paying a few thousand more this year than last because the loss of deductions. We'll reevaluate and adjust this year, as I hope millions of americans will too.
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02-15-2019, 04:36 PM #35Registered User
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SALT is BRUTAL!!!
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02-15-2019, 04:36 PM #36
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02-15-2019, 04:54 PM #37
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02-15-2019, 04:57 PM #38Funky But Chic
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What does the the Strategic Arms Limitation Treaty have to do with all this?
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02-15-2019, 04:59 PM #39Registered User
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02-15-2019, 04:59 PM #40Registered User
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02-15-2019, 05:06 PM #41Funky But Chic
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Well thank God I bought my new nuke tax-free in Delaware, then.
They have an outlet store for everything in Delaware btw.
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02-15-2019, 05:18 PM #42Registered User
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I buy mine right from the Iranians, but if that source dries up, Delaware it is. Good to know.
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02-15-2019, 05:21 PM #43Funky But Chic
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Nukes-R-Us is right next to the Coach outlet so you can pick up some decent leather goods on the same trip.
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02-15-2019, 05:27 PM #44
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02-15-2019, 05:27 PM #45Registered User
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Yahoo had a piece claiming the average joe six pack would pay about $1300 more?
Had about forgot about SALT for those of you in them thar areas.
Think only going back 2 years on a loss, instead of 5, is going to affect me this year?
Hell, the SALT thing may be getting me? Don't have zillion dollar nuke in a nice neighborhood, but do have lots of crappy stuff.
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02-15-2019, 05:34 PM #46
If we're loaning Trump free money I'd be worried about getting any refund, given his record on paying back loans.
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02-15-2019, 05:34 PM #47Registered User
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Problem is, most people will pay a lot more, and not even know it.
Crazy, they tell you taxes are getting cut, but they actually go up, and the deficit goes up at the same time. Repubs don't care, they'll be out of office and working in the private sector reaping their rewards from the CEO's and companies they benefitted before the dumbass public figures it out anyway
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02-15-2019, 05:39 PM #48Registered User
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So I ended up making 5 trips to the local goodwill store and have 5 signed but blank receipts. Initially I just put a few hundred bucks for each one, but what’s the downside of upping it to a few grand per receipt? How does anyone know what I actually gave?
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02-15-2019, 05:41 PM #49Registered User
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02-15-2019, 05:44 PM #50
Bulls make money, bears make money, pigs get slaughtered"
A few people feel the rain. Most people just get wet.
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