Author Topic: Taxes (GOP 2017 edition) (Read 140080 times)

gatoveintisiete · « **Reply #1575 on:** January 29, 2019, 09:09:05 PM »

would have been a great thread, overModded again

Spracne · « **Reply #1576 on:** January 29, 2019, 09:11:56 PM »

eff the man. I stand with cat27.

gatoveintisiete · « **Reply #1577 on:** January 29, 2019, 09:32:59 PM »

moderators have feelings too I guess

420seriouscat69 · « **Reply #1578 on:** January 30, 2019, 03:57:08 PM »

Man, I really thought we'd get a decent amount back this go around since bonuses/commission is taxed like crazy, but apparently since the wife and I's income went up so much, we might owe or break even.

chum1 · « **Reply #1579 on:** January 30, 2019, 03:58:31 PM »

Haha

https://twitter.com/Kevinliptakcnn/status/1090714968251645961

420seriouscat69 · « **Reply #1580 on:** January 30, 2019, 03:59:34 PM »

Why is that funny, Chum?

chum1 · « **Reply #1581 on:** January 30, 2019, 04:21:49 PM »

Quote from: WackyCat08 on January 30, 2019, 03:59:34 PM

Why is that funny, Chum?

Mostly because it's a total bullshit excuse. Also partly because he puts all the blame on Trump. Also partly because it makes them sound like they don't know what the eff they are doing.

K-S-U-Wildcats! · « **Reply #1582 on:** January 30, 2019, 04:23:21 PM »

How did the tax reform help you personally, Chum? What’s your effective FIT rate?

Phil Titola · « **Reply #1583 on:** January 30, 2019, 04:24:26 PM »

Or let's say true, it would then be funny because Trump, an economic Mastermind, devised a plan that cancels out his own actions.

So many options.

chum1 · « **Reply #1584 on:** January 30, 2019, 04:36:05 PM »

Quote from: K-S-U-Wildcats! on January 30, 2019, 04:23:21 PM

How did the tax reform help you personally, Chum? What’s your effective FIT rate?

I have no idea when I'll do my taxes. I think I did them in June or July last year.

Rage Against the McKee · « **Reply #1585 on:** January 30, 2019, 04:36:10 PM »

Quote from: WackyCat08 on January 30, 2019, 03:57:08 PM

Man, I really thought we'd get a decent amount back this go around since bonuses/commission is taxed like crazy, but apparently since the wife and I's income went up so much, we might owe or break even.

You will benefit from the new tax policy next year when you have a kid.

420seriouscat69 · « **Reply #1586 on:** January 30, 2019, 04:51:24 PM »

Yeah, I was just hoping for some this year to plan for the kid. Oh well. I guess breaking even is kind of the point, right?

Phil Titola · « **Reply #1587 on:** January 30, 2019, 05:01:05 PM »

Quote from: WackyCat08 on January 30, 2019, 04:51:24 PM

Yeah, I was just hoping for some this year to plan for the kid. Oh well. I guess breaking even is kind of the point, right?

Yup, that's what I strive for. Nice work!

420seriouscat69 · « **Reply #1588 on:** January 30, 2019, 08:25:53 PM »

420seriouscat69 · « **Reply #1589 on:** January 30, 2019, 10:17:58 PM »

Our income as a couple improved 35% this year and we got nothing back. A large percentage probably went to student loan interest tho. I have no idea how entree level ppl with no help from their parents (like myself) afford college these days afterwards.

chum1 · « **Reply #1590 on:** January 30, 2019, 10:34:13 PM »

For me personally, increasing my salary has always been an excellent way to have more money. Keeping track of my effective FIT, on the other hand, has been far less profitable.

Rage Against the McKee · « **Reply #1591 on:** January 30, 2019, 10:44:58 PM »

Quote from: chum1 on January 30, 2019, 10:34:13 PM

For me personally, increasing my salary has always been an excellent way to have more money. Keeping track of my effective FIT, on the other hand, has been far less profitable.

Yes, I also increase my salary every year to compensate for whatever the eff is happening outside my job and outside my control.

K-S-U-Wildcats! · « **Reply #1592 on:** January 30, 2019, 11:05:20 PM »

Quote from: chum1 on January 30, 2019, 10:34:13 PM

For me personally, increasing my salary has always been an excellent way to have more money. Keeping track of my effective FIT, on the other hand, has been far less profitable.

You really don’t care how much the government takes from you as long as you can pay your bills? What a way to live. If you’ve got money left over at the end of the month, do you pay that over to the gov, too?

star seed 7 · « **Reply #1593 on:** January 30, 2019, 11:13:28 PM »

I haven't done my taxes yet but I have no idea what my eff rate was last year. I think it was an odd number but also could have been even.

star seed 7 · « **Reply #1594 on:** January 30, 2019, 11:16:26 PM »

I'll make sure to find out for you tho kdub

catastrophe · « **Reply #1595 on:** January 30, 2019, 11:19:03 PM »

Quote from: K-S-U-Wildcats! on January 30, 2019, 11:05:20 PM

Quote from: chum1 on January 30, 2019, 10:34:13 PM
For me personally, increasing my salary has always been an excellent way to have more money. Keeping track of my effective FIT, on the other hand, has been far less profitable.

You really don’t care how much the government takes from you as long as you can pay your bills? What a way to live. If you’ve got money left over at the end of the month, do you pay that over to the gov, too?

I think chum1 is saying he cares about how much the government takes from him as much as you care about how much of your money the government spends.

Spracne · « **Reply #1596 on:** January 30, 2019, 11:20:47 PM »

That's a high-minded burn, right there. Damn, cat.

chum1 · « **Reply #1597 on:** January 30, 2019, 11:30:48 PM »

Quote from: K-S-U-Wildcats! on January 30, 2019, 11:05:20 PM

Quote from: chum1 on January 30, 2019, 10:34:13 PM
For me personally, increasing my salary has always been an excellent way to have more money. Keeping track of my effective FIT, on the other hand, has been far less profitable.

You really don’t care how much the government takes from you as long as you can pay your bills? What a way to live. If you’ve got money left over at the end of the month, do you pay that over to the gov, too?

I believe I have an obligation to pay taxes, which I am happy to fulfill, and that the amount I am taxed is reasonable. Crazy stuff, I know.

steve dave · « **Reply #1598 on:** January 31, 2019, 06:27:55 AM »

You are not enraged about it!?

Sent from my iPhone using Tapatalk

K-S-U-Wildcats! · « **Reply #1599 on:** January 31, 2019, 07:08:59 AM »

Quote from: chum1 on January 30, 2019, 11:30:48 PM

Quote from: K-S-U-Wildcats! on January 30, 2019, 11:05:20 PM
Quote from: chum1 on January 30, 2019, 10:34:13 PM
For me personally, increasing my salary has always been an excellent way to have more money. Keeping track of my effective FIT, on the other hand, has been far less profitable.

You really don’t care how much the government takes from you as long as you can pay your bills? What a way to live. If you’ve got money left over at the end of the month, do you pay that over to the gov, too?

I believe I have an obligation to pay taxes, which I am happy to fulfill, and that the amount I am taxed is reasonable. Crazy stuff, I know.

Which amount is reasonable? The amount before or after tax reform?