Am I the only person that earned less than a hundred thousand dollars last year and still paid more in taxes then I did last year with Trumps damned tax cut?
WTF?
No I had no changes in the number of dependents, or income sources, same income, same source, same deductions.
2
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Feel free to reply to any comment by clicking the "Reply" button.I’ve been working on my taxes for the past week. No state income taxes in Texas. Like most people this year and for the rest of this clowns presidency, the little guy will have to pay for his lifestyle and poor decisions.
Every economist said his tax cut for the wealthy was a bad idea.
Green_eyes
Level 8
Feb 11, 2019
2
Surprise. He played those that supported him & his tax cut for the rich. Good thing I am. I owe taxes every year. It is called an interest free loan. Get a refund? Uncle Sam had YOUR money & YOU didn't have YOUR money until a year later.
Mooolah
Level 8
Feb 11, 2019
0
Just don't get penalized for not paying enough throughout the year!
Two thirds of the people are getting less, so I expect many Trumpites are wallowing in tears right now.
Beowulfsfriend
Level 9
Feb 11, 2019
1
I warned my employees that I was taking less out of their paychecks and that they would take home a bit more pay...they were happy with that...BUT...now that most of them are getting less in their refunds or even having to pay in, they are not happy at all...
Are you looking at PAID or what your total tax burden was? Are they different? Just curious...
thinktwice
Level 8
Feb 11, 2019
2
@Mortal Look at your liability...the amount of tax for your income, irrespective of whether you got back more or less...did your tax burden go up or down? As I said, just curious...
@thinktwice I'd like to know, too.
@bingst As soon as I do enough returns I will know...I also calculated my own and since I do mine the last minute, I will see how well I did or did not do...I had a lot of capital gains so the tax laws really helped me, I am almost ashamed to say....
A lot of my repub neighbors are having fits about having to pay this year. From what I'm hearing, they all say that they didn't change anything as far as deductions but are finding they owe this year because they have lost many of their deductions. I guess trump is hurting the wrong people again eh????? LOL
Redheadedgammy
Level 9
Feb 11, 2019
2
Many folks are going to be in the same boat as you with reduced deductions and the cap on SALT deductions - which will hit folks hard that are used to itemizing deductions. I am self employed and was warned by my accountant that I would be paying more taxes for the same income. I had to do things like partially paying property taxes early (legal in Nebraska) and figuring out when to maximize my charitable deductions.
Many folks are going to be shocked as they file taxes. They’ll still find a way to blame the libs though. Meanwhile the 1% made out like bandits.
Ohub
Level 7
Feb 11, 2019
2
The 1% ARE bandits.
@jlynn37 that they are. And many too greedy.
I am retired and have a fixed income, my retirement income is less than a hundred thousand dollars and am getting a sizable return after having had to pay since Bush tax cuts. The only item that has changed is the standard deduction, which I have always taken, and has almost doubled from the past.
jlynn37
Level 8
Feb 11, 2019
0
I heard someone on tv (I think on Fox) say that people should have increased their withholdings so they would have actually gotten a refund at the end of the year--and if they didn't, it's their fault.
I really hope they run with that message, lol.
greyeyed123
Level 7
Feb 11, 2019
1
My workplace did a number on me once and gave that excuse but by the time I found out it was too late.
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