Tax Returns?

[rallymode]

Ugh. My take home is down 30k

This implies a seven figure income. I can't imagine a few points are changing your consumption. Plus, at that income your deductions are getting phased out anyway. If anything, you will probably just scale down on the donations. IMO, the introduction of the NIIT when obamacare got signed was more painful.

On the other hand, all my friends with reg jobs are getting hurt pretty badly.

 

[srinir]

We usually file our taxes in October. From initial estimation taxes will be down substantially, compared to previous year.

 

[destriero]

Ugh. My take home is down 30k

You’re paid as a salaried PM with bonus. She is a Dir in telecom. She makes less than 200 before bonus.

 

[ETJ]

Study shows Illinoisans paid a higher tax burden than most states before 2017 tax hike

https://www.ilnews.org/news/state_p...JFSeRZsQSqUU3mimVb_VYvwf8br2PhEUskVS19YD9SYiY

 

[sle]

On the other hand, all my friends with reg jobs are getting hurt pretty badly.

That's my sense, that the middle-middle class people in states with high local taxes are getting very seriously slammed. Gotta hit the consumption numbers, right?

You’re paid as a salaried PM with bonus. She is a Dir in telecom. She makes less than 200 before bonus.

Well, you are there to make the family budget

 

[newwurldmn]

I thought refunds were up once the fed government opened.

The tax reform was actually corporate tax reform. It had virtually no benefits to individuals other than the trickle down effect from corporations. Owners of non-professional c-corps and s-Corps really benefited.

 

[sle]

I thought refunds were up once the fed government opened.

I was listening to some lady today who said the totals (federal and state) were very down, with a lot of people owing money.

 

[vanzandt]

It had virtually no benefits to individuals other than the trickle down effect from corporations. .

Yeah... from the stock buybacks. BTFD.

 

[ironchef]

My taxable incomes year over year are lumpy. 2018 Federal income tax is a little less with the new tax rates.

 

[smallfil]

Study shows Illinoisans paid a higher tax burden than most states before 2017 tax hike

https://www.ilnews.org/news/state_p...JFSeRZsQSqUU3mimVb_VYvwf8br2PhEUskVS19YD9SYiY

You think that is bad. California is even far worst! State income taxes as much as 13%, vehicle license fees have increased to a couple of hundred dollars even for very old cars, property taxes sky high, rent sky high, sales taxes 10.50%, gas taxes being $0.58 per gallon on top of $0.184 per gallon in federal gas taxes. Californians love the high taxes anyways voting for the same no good politicians! Lots of homeless people too in Los Angeles now, over 30,000 people! And politicians want more illegals coming in and giving them benefits!