Trump tax calculator...will you pay more or less?

[UGAZ]

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This is the link to the new tax plan , starting next year. In case you wonder if you can save or pay back next year:

The Trump tax calculator — will you pay more or less?

I did my calculations. I got back like 5-7K more under this plan. I love it. Thanks Trump.

Most people get back more I think. How about you? You're getting more or less back?

 

[BMBiology]

What is your numbers? Salary, state taxes, deductions, etc.

Some pharmacists, even those living in California, will save some money if they are single, don’t own a house. However, if they married another working professional, own a house then most likely they will get hit.


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[pharm B]

What is your numbers? Salary, state taxes, deductions, etc.

Some pharmacists, even those living in California, will save some money if they are single, don’t own a house. However, if they married another working professional, own a house then most likely they will get hit.

I'm married with a house, but we're the opposite of a DINC pairing. One income and two kids, lol

It went down a little, so hooray. Until the deficit explodes and we default.

 

[UGAZ]

What is your numbers? Salary, state taxes, deductions, etc.

Some pharmacists, even those living in California, will save some money if they are single, don’t own a house. However, if they married another working professional, own a house then most likely they will get hit.


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Married with 4 kids, wife who is a full time mom now... My gross income is around 175K. I have 2 mortgages ( 1 single house and one condo).

 

[BMBiology]

Married with 4 kids, wife who is a full time mom now... My gross income is around 175K. I have 2 mortgages ( 1 single house and one condo).

Your secret sauce is that you have 4 kids. You should thank Rubio, not Trump, for making the GOP change its child tax credit to $2 k at the last minute:

Marco Rubio a yes on tax package after child-credit changes

That is an extra $4 k in tax credit you just got. That made up for the loss in $10 k tax deduction cap in property tax, state income tax.

I don’t think you will save $7 k tho. Probably not as much.


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[wagrxm2000]

I'm married with a house, but we're the opposite of a DINC pairing. One income and two kids, lol

It went down a little, so hooray. Until the deficit explodes and we default.

Didn't Obama just double it?

 

[CetiAlphaFive]

Your secret sauce is that you have 4 kids. You should thank Rubio, not Trump, for making the GOP change its child tax credit to $2 k at the last minute:

Marco Rubio a yes on tax package after child-credit changes

That is an extra $4 k in tax credit you just got. That made up for the loss in $10 k tax deduction cap in property tax, state income tax.

I don’t think you will save $7 k tho. Probably not as much.


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Bro, we get that you're emotionally invested in politics.

I dislike Drumpf, but you seem delusional by trying to convince yourself and others that literally everything he does is mainly a negative.

 

[BMBiology]

Bro, we get that you're emotionally invested in politics.

I dislike Drumpf, but you seem delusional by trying to convince yourself and others that literally everything he does is mainly a negative.

What are you talking about? You need to have some common sense.

 

[CetiAlphaFive]

What are you talking about? You need to have some common sense.

Oh, sorry, let me edit my post so that it's in English

EDIT:
Waaaait a minute. My post was in English.

Please elaborate.
Why does my criticism of your over the top anti-trumpism demonstrate a lack of common sense?

If there were a term to describe the polar opposite of a fanboy, that is how i would describe your behavior in threads related to Trump.

 

[BMBiology]

Oh, sorry, let me edit my post so that it's in English

EDIT:
Waaaait a minute. My post was in English.

Please elaborate.
Why does my criticism of your over the top anti-trumpism demonstrate a lack of common sense?

If there were a term to describe the polar opposite of a fanboy, that is how i would describe your behavior in threads related to Trump.

Again, what are you talking about? You need to edit your post and take your head out of that sandbox.

Stay away from the Vicodin bottle on Christmas, please.

Oh, no wonder people from California are able to gentrify your neighborhood and force you out. Free market works every time.


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[pharm B]

Didn't Obama just double it?

Does that change the underlying problem with making tax cuts while not adjusting spending in a meaningful way?

 

[WVUPharm2007]

Trump really didn't have anything to do with it. Maybe call it the McConnell/Ryan tax calculator.

 

[wagrxm2000]

Does that change the underlying problem with making tax cuts while not adjusting spending in a meaningful way?

Just saying, it's been accepted at this point that it will continue to go up. Now that it's Trump, it's all of a sudden a huge concern.

 

[owlegrad]

Just saying, it's been accepted at this point that it will continue to go up. Now that it's Trump, it's all of a sudden a huge concern.

To me it seems to be the opposite; it’s all we heard about under Obama (The deficit! The deficit!) but now that it’s Republicans all of a sudden it’s no problem?

Both sides are hypocrites don’t get me wrong. But why was the deficit the number one concern under Obama spending but it is fine for Trump to ignore the deficit?

 

[wagrxm2000]

To me it seems to be the opposite; it’s all we heard about under Obama (The deficit! The deficit!) but now that it’s Republicans all of a sudden it’s no problem?

Both sides are hypocrites don’t get me wrong. But why was the deficit the number one concern under Obama spending but it is fine for Trump to ignore the deficit?

The problem for Republicans is now that the Dems have so much government spending, if the Republicans lower or stop any of it, they won't get reelected which is obviously the only thing that matters to any of them.

Also where's the incentive to lower spending? They already got what they wanted.

 

[PharmDminus]

To me it seems to be the opposite; it’s all we heard about under Obama (The deficit! The deficit!) but now that it’s Republicans all of a sudden it’s no problem?

Both sides are hypocrites don’t get me wrong. But why was the deficit the number one concern under Obama spending but it is fine for Trump to ignore the deficit?

I agree, the republicans all of the sudden dont seem to mind adding to the deficit when they continually threatened govt shutdown while obama was in office. hypocritical. But, obama took national debt from 10 to 19 trillion during his time in office. the republican plan is only projected to add 1.5 trillion over 10 years

 

[BidingMyTime]

Getting almost $4000 back. Great news for me, but I'm not happy that the national budget will continue to increase.

 

[OXYFORALL]

I agree, the republicans all of the sudden dont seem to mind adding to the deficit when they continually threatened govt shutdown while obama was in office. hypocritical. But, obama took national debt from 10 to 19 trillion during his time in office. the republican plan is only projected to add 1.5 trillion over 10 years

Bush doubled the debt and put us in a recession. Obama doubles the debt and gets us out of a recession. Which do you prefer?

 

[pharm B]

Some days it's great to have dual citizenship. At what point do we realistically start worrying about default? This is like the guy who is behind on his bills but says things are fine up until the point he's evicted by the Sherriff.

Just saying, it's been accepted at this point that it will continue to go up. Now that it's Trump, it's all of a sudden a huge concern.

The party of fiscal responsibility is being fiscally irresponsible. I'm not a bleeding heart liberal, etc, I'm actually pretty open minded. I watched both sets of debates until it became clear the GOP debate was just going to be the Trump Soundbite Variety Hour.

 

[wagrxm2000]

Some days it's great to have dual citizenship. At what point do we realistically start worrying about default? This is like the guy who is behind on his bills but says things are fine up until the point he's evicted by the Sherriff.

The party of fiscal responsibility is being fiscally irresponsible. I'm not a bleeding heart liberal, etc, I'm actually pretty open minded. I watched both sets of debates until it became clear the GOP debate was just going to be the Trump Soundbite Variety Hour.

Like I said above, all that matters is that they get re-elected. It would be impossible to fix everything Obama did and get people to vote for them.

At this point we're just trying to delay a recession for as long as possible

 

[owlegrad]

Some days it's great to have dual citizenship. At what point do we realistically start worrying about default? This is like the guy who is behind on his bills but says things are fine up until the point he's evicted by the Sherriff.

The party of fiscal responsibility is being fiscally irresponsible. I'm not a bleeding heart liberal, etc, I'm actually pretty open minded. I watched both sets of debates until it became clear the GOP debate was just going to be the Trump Soundbite Variety Hour.

There is no party of fiscal responsibility, to pretend otherwise is just silly.

 

[txpharmguy]

Looks like a $6K refund for me. Household income >$200K married with 3 kids