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Ammoholic |
That doesn't make much sense, either way if they haven't updated your withholding you'll just get it when you file your 2018 taxes. We are seeing a crap ton more money. -$500 check with happy tax cut written in the memo. -$53 less per week in withholding or $2,756 per year. -Bossman decided he will fully fund my HSA for me, another $3,450 per year -Fiancée is $100 per month less or $1,200 per year. Total additional income due to DJT tax cuts = $7,906. The only bad part is that I will have to pay taxes on the contributions my boss makes to HSA because I was previously doing it pre-tax, so my taxable income will go up and be paid at my highest bracket. So I lose some of the money I am getting if you look at it that way. Jesse Sic Semper Tyrannis | |||
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Irksome Whirling Dervish |
Thanks for the info. I'll check to see. Obviously I'd like my money now instead of when I file for 2018 taxes which amounts to an interest free loan to the gubdamint via a refund. | |||
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Member |
I make a decent salary so I wasn't expecting anything. I'm getting about $140 more per month due to lower witholding (automatic based on the tax cut-I didn't change it). I'll take it and Pelosi is a moron if she thinks they are going to get a veto-proof majority in both houses and that many congress-critters will be dumb enough to actually vote on such a bill. Talk is one thing... “People have to really suffer before they can risk doing what they love.” –Chuck Palahnuik Be harder to kill: https://preparefit.ck.page | |||
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Member |
No break here. Lost the SALT deduction (probably fair in the big picture) and got carved out of the pass through business deduction. Net result is that mine went up. I haven't read any explanation of why a plumbing business can take the 20% pass through deduction but a physician or dentist can't. The carve out doesn't sit well with me. Still, there is zero chance I'd vote for a Democrat that would gladly raise my taxes even more. | |||
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Yeah, that M14 video guy... |
I do. Ive been working 5 hours less overtime per pay period, plus I started contributing to my 401k again and my take home pay remains the same amount. Tony. Owner, TonyBen, LLC, Type-07 FFL www.tonybenm14.com (Site under construction). e-mail: tonyben@tonybenm14.com | |||
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Ammoholic |
Everyone I know got an increase, salaries ranging from $50-140K. Mine was greater than my annual increase the last two years. So yes. NRA Patron Member, Instructor and CRSO NC CCH Instructor GRNC Life Member VCDL Member | |||
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Member |
At this point, I'm net $17/month ....my employer raised our health insurance premiums and that pretty much ate any tax cut ...let him who has no sword sell his robe and buy one. Luke 22:35-36 NAV "Behold, I send you out as sheep in the midst of wolves; so be shrewd as serpents and innocent as doves." Matthew 10:16 NASV | |||
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is circumspective |
Eighty-two bucks a week. That ain't crumbs to me, my friend. "We're all travelers in this world. From the sweet grass to the packing house. Birth 'til death. We travel between the eternities." | |||
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Member |
We have a weird pay set up, so the only way I can compare take home pay is with my end of month check, which remains constant in terms of hours on a monthly basis. That check did increase when the new tax structure went into effect. Can't remember by how much, though, but my take home did increase. Nancy can kiss my fat Dago butt for all I care... "If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne "Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24 | |||
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Failing to prepare is preparing to fail. |
I am up about $200 a month, we received an additional bonus when the cut went into effect and my employer bumped the matching contribution to the 401k from 6 to 7%. Because of the lower brackets there should be no net effect on our income taxes even though we are losing deductions. ________________________ "Don't mistake activity for achievement." John Wooden, "Wooden on Leadership" | |||
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Lighten up and laugh |
I don't understand the cause of this "Democrat wave" that so many news outlets are talking about. I get the frustration with the GOP, but Pelosi and the gang are even worse. | |||
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Member |
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ What he said! Along with sanctuary cities, rights and full benefits for illegals, transgender, gay crap, climate change lies and the other nonsense that the democrat leaders preach, why does anyone vote democrat????? I'm convinced that anyone who votes democrat has a mental disorder!! There is no other explanation for this perverter, bazaar thinking. | |||
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Leatherneck |
I am seeing a pay increase. I am not sure exactly how much because our insurance went up at the same time but I am still taking home more money despite paying more in premiums. I just have not bothered to sit down and figure out the numbers. I was waiting on my annual raise which I just got before I worried about it too much. “Everybody wants a Sig in the sheets but a Glock on the streets.” -bionic218 04-02-2014 | |||
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Oriental Redneck |
It's a given that they will do it, isn't it? And, what will happen, even if it gets to the President's desk? Yeah, thought so. Q | |||
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Essayons |
I've had the exact same thought. This is all I can come up with: Thanks, Sap | |||
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Corgis Rock |
There's been mention that the tax cuts for citizens are only for 5 years. I've heard several snarks from liberals. What they don't know is that this was due to demoncrats. The " Byrd Rule" addresses budget reconciliation. "the Byrd rule states that reconciliation bills -- like the Republican tax bill and the earlier attempt to repeal Obamacare -- cannot contain "extraneous" provisions." "Because of the Byrd rule on long-term deficits. House and Senate versions of The Tax Cuts and Jobs Act produced large and increasing yearly deficits, including in the 10th year." All this means that the tax reformed passed "by kicking the can down the road. Senate Finance Committee Chairman Orrin Hatch offered an amendment to the tax package Tuesday to make it comply with the Byrd rule by ending all the individual and small business "pass-through" changes (for partnerships, sole ownerships and the like) on Dec. 31, 2025. This would prevent the bill from adding to the deficit 10 years from now, but could cause uncertainty in the business community and lessen the economic benefits of the bill. It could also create future headaches. The 2003 Bush-era tax cuts, for example, were set to expire at the end of 10 years, though this created a fiscal cliff that Congress was forFed to deal with." The democrats could have fixed this but chose to play games. https://www.bloomberg.com/news...erhaul-quicktake-q-a “ The work of destruction is quick, easy and exhilarating; the work of creation is slow, laborious and dull. | |||
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Mired in the Fog of Lucidity |
Precisely. She's just pandering to her base. | |||
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Lighten up and laugh |
I tend to agree with all your points. The first is especially interesting because this time two years ago they were saying the GOP didn't have a chance. | |||
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Ammoholic |
I agree mostly, but am hoping for the same kind of Hiliary effect, people assume the media is right and scores of seats are lost and the non hardcore dems stay home because they think they got it in the bag. Jesse Sic Semper Tyrannis | |||
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Member |
Yes! My wife is. A nice little savings especially considering she doesn't make a lot to start with. No it's not a life changing amount but it is sure welcome. The vast majority of workers are getting a break. Here is a list of examples of the savings for jobs and income levels from $20,000 to $269,000 a year http://www.businessinsider.com...income-level-2017-12 Collecting dust. | |||
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