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[news]Middle class feeling betrayed by Trump when filing taxes
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VA49er Offline
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Post: #141
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-09-2019 12:32 PM)gdunn Wrote:  I love how Mach got suckered into Fake News by Yahoo! and the Jokester and still doubles down on the BS. Wait until the witch hunt is over.

He, and others, simply don't care it was fake. How else does one explain the fact that they know they are being lied to yet continue to perpetuate the lies? It's obvious they are incapable of thinking for themselves or else, after multiple times, it would be more than obvious they are being lied to.
02-11-2019 08:52 AM
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Paul M Offline
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Post: #142
RE: [news]Middle class feeling betrayed by Trump when filing taxes
The left: think taxes should be higher, ***** when they think they are.
02-11-2019 09:02 AM
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gdunn Offline
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Post: #143
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 08:52 AM)VA49er Wrote:  
(02-09-2019 12:32 PM)gdunn Wrote:  I love how Mach got suckered into Fake News by Yahoo! and the Jokester and still doubles down on the BS. Wait until the witch hunt is over.

He, and others, simply don't care it was fake. How else does one explain the fact that they know they are being lied to yet continue to perpetuate the lies? It's obvious they are incapable of thinking for themselves or else, after multiple times, it would be more than obvious they are being lied to.

Like it’s a cult
02-11-2019 09:47 AM
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MonarchManiac Offline
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Post: #144
RE: [news]Middle class feeling betrayed by Trump when filing taxes
More anecdotal evidence for this thread:

Our household income is up ~15% over last year, our refund remained basically unchanged (I believe it was $100 less between state and federal than last year).

We ended up taking the itemized deduction for our household.

So - net positive in our house. Gross pay is up, takehome pay is up due to new tax law, and refund stayed pretty much the same. Take that for what it is worth.
02-11-2019 09:52 AM
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Machiavelli Offline
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Post: #145
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-10-2019 10:36 PM)dfarr Wrote:  
(02-10-2019 09:49 PM)Machiavelli Wrote:  I actually used my HELOC and put it into the market. I make money off of it but I used to make more. Trump screwed me over among others. Of course I itemized, but I also did a ton of home improvements that I can show. Put an outdoor kitchen on my property and a 20x10 garage. I could say I put that money towards that.

You’re just a damned idiot for taking on debt and putting it in the market. If that were a smart play why not just borrow $1,000,000 and put it in the market too?

HELOCs should never be tax deductible in the first place.

I don't have a million equity, but I'm working on it. I do well with the market. Just giving anecdotal evidence. Take it for what it is worth.

I can PROMISE YOU I am not a damned idiot.......................
02-11-2019 11:42 AM
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Machiavelli Offline
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Post: #146
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 08:39 AM)gdunn Wrote:  
(02-11-2019 07:49 AM)Machiavelli Wrote:  Wow,

The cult is going to cult. You used to be able to take these deductions off and they took them away. That hurt the middle class. It is what it is. We went 1.5 trillion in more debt and screwed the middle class in the process by taking away deductions that they used in the past. Spin it any way you want. People who itemized got hammered.

Mach you’ve shown your colors. Orange man bad cause he took out loop holes.

Loop Holes that benefit the middle class....................

SURE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Duh
02-11-2019 11:43 AM
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Machiavelli Offline
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Post: #147
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 08:52 AM)VA49er Wrote:  
(02-09-2019 12:32 PM)gdunn Wrote:  I love how Mach got suckered into Fake News by Yahoo! and the Jokester and still doubles down on the BS. Wait until the witch hunt is over.

He, and others, simply don't care it was fake. How else does one explain the fact that they know they are being lied to yet continue to perpetuate the lies? It's obvious they are incapable of thinking for themselves or else, after multiple times, it would be more than obvious they are being lied to.

WHAT!!!!!!!!!!!!!!!!!!!!!!!!


What is fake.....

Exactly what is fake about gaming the with holding tables?????? That is ONE PART of how the middle class was betrayed. The other is some middle class is paying MORE with Trump's tax cuts.......

Talk about cults.......

Orange Man is our Dear Leader.........

Do you guys sing songs about him to in the morning like his best buddy Kim Jung Un?
02-11-2019 11:46 AM
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Redwingtom Online
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Post: #148
RE: [news]Middle class feeling betrayed by Trump when filing taxes
For the love of God people, STOP LOOKING JUST AT YOUR REFUND!!!! It's basically meaningless.

I am getting $2,000 more refund this year. So all thanks are due to the great and powerful trump!!! Right?

N. O. I got a $2,000 tax credit this year for education expenses for my daughter which I didn't get last year. Additionally, anyone can pay in extra money and get a bigger refund. You need to look at your total tax as a percentage of your income and also your effective tax rate. That's the comparison you need to be making.

And as others have alluded...smaller refunds are what you should strive for. It makes little sense to let the government keep your money, interest free, for a year or more. Your ideal return should show no refund and perhaps even a small balance due each year...a small balance that does not require estimated payments and which avoids any underpayment penalty.
02-11-2019 11:47 AM
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stinkfist Offline
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Post: #149
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 11:47 AM)Redwingtom Wrote:  For the love of God people, STOP LOOKING JUST AT YOUR REFUND!!!! It's basically meaningless.

I am getting $2,000 more refund this year. So all thanks are due to the great and powerful trump!!! Right?

N. O. I got a $2,000 tax credit this year for education expenses for my daughter which I didn't get last year. Additionally, anyone can pay in extra money and get a bigger refund. You need to look at your total tax as a percentage of your income and also your effective tax rate. That's the comparison you need to be making.

And as others have alluded...smaller refunds are what you should strive for. It makes little sense to let the government keep your money, interest free, for a year or more. Your ideal return should show no refund and perhaps even a small balance due each year...a small balance that does not require estimated payments and which avoids any underpayment penalty.

03-thumbsup
02-11-2019 11:51 AM
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Paul M Offline
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Post: #150
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 11:46 AM)Machiavelli Wrote:  Exactly what is fake about gaming the with holding tables??????

Fixing the tables ISN'T gaming them.

As Tom just said, ideally no one should be getting a refund because they shouldn't be over paying.
02-11-2019 11:53 AM
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gdunn Offline
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Post: #151
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 11:43 AM)Machiavelli Wrote:  
(02-11-2019 08:39 AM)gdunn Wrote:  
(02-11-2019 07:49 AM)Machiavelli Wrote:  Wow,

The cult is going to cult. You used to be able to take these deductions off and they took them away. That hurt the middle class. It is what it is. We went 1.5 trillion in more debt and screwed the middle class in the process by taking away deductions that they used in the past. Spin it any way you want. People who itemized got hammered.

Mach you’ve shown your colors. Orange man bad cause he took out loop holes.

Loop Holes that benefit the middle class....................

SURE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Duh
But your dumb*** took out a loan for sh*t you didn’t need but wanted and your mad cause you can’t claim it.
02-11-2019 11:55 AM
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umbluegray Offline
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Post: #152
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-08-2019 02:52 AM)Machiavelli Wrote:  

Middle class feeling betrayed by Trump.

Just an FYI...

this middle class guy -- ME -- is still bitter about losing my Cadillac health care plan.

Now I pay MUCH higher premiums -- those are deducted from my check, by the way, reducing my take-home pay -- and I have huge deductibles. Plus the co-pays have gone up.

And the plan keeps getting worse each year.

Heck, last week I called Cigna to ask if a certain ENT office was an in-network provider on my plan. They are.

So here's the deal:

If I go to the general practitioner I pay a 30% copay. If he can't handle it and refers me to a specialist I make an appt with them.

Once there, I don't pay a co-pay. I pay 100% of the "negotiated" price.

I said, so I pay all of the bill and Cigna pays nothing.

The Cigna rep replied, "No. You pay 100% of the negotiated price."

I said, so cigna basically works a cheaper price for me but I pay 100% of that cheaper price.

Cigna: "Yes."

Me: So I pay 100% of the bill and Cigna pays nothing.

But it does count against my huge deductible.


I'll say it one more time:

Under my Cadillac plan, in 1999 my premium was next-to-nothing, my wife went to her OBGYN when she found out she was pregnant. She payed a $20 co-pay for that visit.

From that point forward, we never paid another dime through the pregnancy and birth.

$20 is all it cost me -- period.

In 2015, a coworker (under our ObamaCare replacement plan) had twins. I asked him how much out-of-pocket he had. It was pushing $6,000.

Pre-ObamaCare - $20
ObamaCare - $6,000

And you're jumping up and down because some people don't understand that withholding numbers have decreased?
02-11-2019 12:07 PM
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UofMstateU Offline
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Post: #153
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 11:47 AM)Redwingtom Wrote:  For the love of God people, STOP LOOKING JUST AT YOUR REFUND!!!! It's basically meaningless.

I am getting $2,000 more refund this year. So all thanks are due to the great and powerful trump!!! Right?

N. O. I got a $2,000 tax credit this year for education expenses for my daughter which I didn't get last year. Additionally, anyone can pay in extra money and get a bigger refund. You need to look at your total tax as a percentage of your income and also your effective tax rate. That's the comparison you need to be making.

And as others have alluded...smaller refunds are what you should strive for. It makes little sense to let the government keep your money, interest free, for a year or more. Your ideal return should show no refund and perhaps even a small balance due each year...a small balance that does not require estimated payments and which avoids any underpayment penalty.

I take it your taxes went down, and probably significantly, right?
02-11-2019 12:15 PM
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WKUYG Away
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Post: #154
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 11:42 AM)Machiavelli Wrote:  
(02-10-2019 10:36 PM)dfarr Wrote:  
(02-10-2019 09:49 PM)Machiavelli Wrote:  I actually used my HELOC and put it into the market. I make money off of it but I used to make more. Trump screwed me over among others. Of course I itemized, but I also did a ton of home improvements that I can show. Put an outdoor kitchen on my property and a 20x10 garage. I could say I put that money towards that.

You’re just a damned idiot for taking on debt and putting it in the market. If that were a smart play why not just borrow $1,000,000 and put it in the market too?

HELOCs should never be tax deductible in the first place.

I don't have a million equity, but I'm working on it. I do well with the market. Just giving anecdotal evidence. Take it for what it is worth.

I can PROMISE YOU I am not a damned idiot.......................

If you made a billion dollars that would not keep you from being a damned....

at this point nothing could. But we all are idiots in one way or another. Yours is just shown more often than others because you live and dream, Orange Man, Bad
(This post was last modified: 02-11-2019 12:24 PM by WKUYG.)
02-11-2019 12:20 PM
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fsquid Offline
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Post: #155
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 12:07 PM)umbluegray Wrote:  
(02-08-2019 02:52 AM)Machiavelli Wrote:  

Middle class feeling betrayed by Trump.

Just an FYI...

this middle class guy -- ME -- is still bitter about losing my Cadillac health care plan.

Now I pay MUCH higher premiums -- those are deducted from my check, by the way, reducing my take-home pay -- and I have huge deductibles. Plus the co-pays have gone up.

And the plan keeps getting worse each year.

Heck, last week I called Cigna to ask if a certain ENT office was an in-network provider on my plan. They are.

So here's the deal:

If I go to the general practitioner I pay a 30% copay. If he can't handle it and refers me to a specialist I make an appt with them.

Once there, I don't pay a co-pay. I pay 100% of the "negotiated" price.

I said, so I pay all of the bill and Cigna pays nothing.

The Cigna rep replied, "No. You pay 100% of the negotiated price."

I said, so cigna basically works a cheaper price for me but I pay 100% of that cheaper price.

Cigna: "Yes."

Me: So I pay 100% of the bill and Cigna pays nothing.

But it does count against my huge deductible.


I'll say it one more time:

Under my Cadillac plan, in 1999 my premium was next-to-nothing, my wife went to her OBGYN when she found out she was pregnant. She payed a $20 co-pay for that visit.

From that point forward, we never paid another dime through the pregnancy and birth.

$20 is all it cost me -- period.

In 2015, a coworker (under our ObamaCare replacement plan) had twins. I asked him how much out-of-pocket he had. It was pushing $6,000.

Pre-ObamaCare - $20
ObamaCare - $6,000

And you're jumping up and down because some people don't understand that withholding numbers have decreased?

Mic ******* drop
02-11-2019 12:25 PM
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stinkfist Offline
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Post: #156
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 12:15 PM)UofMstateU Wrote:  
(02-11-2019 11:47 AM)Redwingtom Wrote:  For the love of God people, STOP LOOKING JUST AT YOUR REFUND!!!! It's basically meaningless.

I am getting $2,000 more refund this year. So all thanks are due to the great and powerful trump!!! Right?

N. O. I got a $2,000 tax credit this year for education expenses for my daughter which I didn't get last year. Additionally, anyone can pay in extra money and get a bigger refund. You need to look at your total tax as a percentage of your income and also your effective tax rate. That's the comparison you need to be making.

And as others have alluded...smaller refunds are what you should strive for. It makes little sense to let the government keep your money, interest free, for a year or more. Your ideal return should show no refund and perhaps even a small balance due each year...a small balance that does not require estimated payments and which avoids any underpayment penalty.

I take it your taxes went down, and probably significantly, right?

of course they did....

at least he understands the concept in scope....

however, he'll vote D 'til he croaks....

#irony
02-11-2019 12:25 PM
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Fort Bend Owl Offline
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Post: #157
RE: [news]Middle class feeling betrayed by Trump when filing taxes
Just finished up my 2018 taxes. I'm getting a slightly bigger refund than I have the past two years (which I expected). Some of my siblings have been complaining about their tax situation drastically changing this past year but to be fair, I am not seeing any change. Hopefully that will continue in the future years too.
02-11-2019 01:09 PM
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stinkfist Offline
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Post: #158
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 01:09 PM)Fort Bend Owl Wrote:  Just finished up my 2018 taxes. I'm getting a slightly bigger refund than I have the past two years (which I expected). Some of my siblings have been complaining about their tax situation drastically changing this past year but to be fair, I am not seeing any change. Hopefully that will continue in the future years too.

where and how do they live???

I have a pretty good inkling they're not in Tejas or in non-reimbursed sales....
02-11-2019 01:26 PM
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VA49er Offline
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Post: #159
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 11:46 AM)Machiavelli Wrote:  
(02-11-2019 08:52 AM)VA49er Wrote:  
(02-09-2019 12:32 PM)gdunn Wrote:  I love how Mach got suckered into Fake News by Yahoo! and the Jokester and still doubles down on the BS. Wait until the witch hunt is over.

He, and others, simply don't care it was fake. How else does one explain the fact that they know they are being lied to yet continue to perpetuate the lies? It's obvious they are incapable of thinking for themselves or else, after multiple times, it would be more than obvious they are being lied to.

WHAT!!!!!!!!!!!!!!!!!!!!!!!!


What is fake.....

Exactly what is fake about gaming the with holding tables?????? That is ONE PART of how the middle class was betrayed. The other is some middle class is paying MORE with Trump's tax cuts.......

Talk about cults.......

Orange Man is our Dear Leader.........

Do you guys sing songs about him to in the morning like his best buddy Kim Jung Un?

What gaming of the holding tables?
02-11-2019 02:14 PM
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UofMstateU Offline
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Post: #160
RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-11-2019 02:14 PM)VA49er Wrote:  
(02-11-2019 11:46 AM)Machiavelli Wrote:  
(02-11-2019 08:52 AM)VA49er Wrote:  
(02-09-2019 12:32 PM)gdunn Wrote:  I love how Mach got suckered into Fake News by Yahoo! and the Jokester and still doubles down on the BS. Wait until the witch hunt is over.

He, and others, simply don't care it was fake. How else does one explain the fact that they know they are being lied to yet continue to perpetuate the lies? It's obvious they are incapable of thinking for themselves or else, after multiple times, it would be more than obvious they are being lied to.

WHAT!!!!!!!!!!!!!!!!!!!!!!!!


What is fake.....

Exactly what is fake about gaming the with holding tables?????? That is ONE PART of how the middle class was betrayed. The other is some middle class is paying MORE with Trump's tax cuts.......

Talk about cults.......

Orange Man is our Dear Leader.........

Do you guys sing songs about him to in the morning like his best buddy Kim Jung Un?

What gaming of the holding tables?

He's said it at least ten times in this thread, but I bet he will not provide a direct answer.
02-11-2019 02:18 PM
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