Poll

Do you expect your federal taxes to go up or down?

Up
15 (19%)
Down
34 (43%)
Have no idea
30 (38%)

Total Members Voted: 79

Author Topic: Will your federal taxes be going up or down next year?  (Read 91790 times)

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Will your federal taxes be going up or down next year?
« Reply #600 on: March 23, 2018, 09:04:27 AM »
I am going to guess going up for me.

Last 6 years effective tax rate %:
-3.65
.43
-3.59
1.11
1.07
.81
2017 - 0.00
I just found a new supply of forks!

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
I just found a new supply of forks!

Offline avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 8188
  • Total likes: 2713
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Re: Will your federal taxes be going up or down next year?
« Reply #602 on: April 23, 2018, 09:03:56 PM »
I wonder what people who type "u" instead of "you" do with all their free time.

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Will your federal taxes be going up or down next year?
« Reply #603 on: April 23, 2018, 09:20:57 PM »
Wow! The majority of the tax cut goes to those making under $1m
...and how much is going to the middle class?
I just found a new supply of forks!

Online aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 17400
  • Total likes: 14339
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Will your federal taxes be going up or down next year?
« Reply #604 on: April 23, 2018, 09:44:58 PM »
...and how much is going to the middle class?
Not everyone making under a million is lower class ya know.
Feelings don't care about your facts

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Will your federal taxes be going up or down next year?
« Reply #605 on: April 23, 2018, 09:49:57 PM »
Not everyone making under a million is lower class ya know.
What are you talking about?
I just found a new supply of forks!

Online aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 17400
  • Total likes: 14339
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Feelings don't care about your facts

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
I just found a new supply of forks!

Online aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 17400
  • Total likes: 14339
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Will your federal taxes be going up or down next year?
« Reply #608 on: May 06, 2018, 07:49:19 PM »
How big were the cooperate tax cuts back in 2011?
Probably zero. On the other hand, interest rates were much lower.
Feelings don't care about your facts

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Will your federal taxes be going up or down next year?
« Reply #609 on: May 06, 2018, 08:03:59 PM »
Probably zero. On the other hand, interest rates were much lower.
Rates were low the whole time. So I guess you can have corporate spending without tax cuts?
I wonder what the buybacks were in 2011. Higher or lower than now?
I just found a new supply of forks!

Online aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 17400
  • Total likes: 14339
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Will your federal taxes be going up or down next year?
« Reply #610 on: May 06, 2018, 08:08:57 PM »
Rates were low the whole time. So I guess you can have corporate spending without tax cuts?
I wonder what the buybacks were in 2011. Higher or lower than now?
They were lower then than they are now. Of course you can have CapEx without tax cuts.
Feelings don't care about your facts

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Will your federal taxes be going up or down next year?
« Reply #611 on: May 06, 2018, 08:19:00 PM »
They were lower then than they are now. Of course you can have CapEx without tax cuts.
Unless I am reading the chart wrong 10 yr treasury were higher.
I just found a new supply of forks!

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
I just found a new supply of forks!

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Will your federal taxes be going up or down next year?
« Reply #613 on: September 03, 2018, 03:43:04 PM »
I am going to guess going up for me.

Last 6 years effective tax rate %:
-3.65
.43
-3.59
1.11
1.07
.81
Going up was an understatement. Going to skyrocket to around 11%.  >:( >:( >:(
I just found a new supply of forks!

Offline avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 8188
  • Total likes: 2713
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Re: Will your federal taxes be going up or down next year?
« Reply #614 on: September 03, 2018, 03:45:38 PM »
Going up was an understatement. Going to skyrocket to around 11%.  >:( >:( >:(
What caused the increase?
I wonder what people who type "u" instead of "you" do with all their free time.

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 15620
  • Total likes: 7712
  • DansDeals.com Hat Tips 19
    • View Profile
  • Location: 770
  • Programs: בשורת הגאולה. From Exile to Redemption. GIYF. AAdvantage Executive PlatinumŽ
Re: Will your federal taxes be going up or down next year?
« Reply #615 on: September 03, 2018, 03:48:05 PM »
Going up was an understatement. Going to skyrocket to around 11%.  >:( >:( >:(
Did income go up as well?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Will your federal taxes be going up or down next year?
« Reply #616 on: September 03, 2018, 03:52:17 PM »
What caused the increase?
What caused it? The massive tax cut for the wealthy and corporations. They need to screw someone.
Did income go up as well?
You trying to be funny.  >:(
I am now retired on a fixed income!
I just found a new supply of forks!

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 15620
  • Total likes: 7712
  • DansDeals.com Hat Tips 19
    • View Profile
  • Location: 770
  • Programs: בשורת הגאולה. From Exile to Redemption. GIYF. AAdvantage Executive PlatinumŽ
Re: Will your federal taxes be going up or down next year?
« Reply #617 on: September 03, 2018, 03:58:31 PM »
You trying to be funny.  >:(
I am now retired on a fixed income!
No side business?

So give us the breakdown?

What caused the increase?

Just to confirm, you are talking about 2018 taxes, not 2017, right?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Will your federal taxes be going up or down next year?
« Reply #618 on: September 03, 2018, 04:01:05 PM »
No side business?
Just to confirm, you are talking about 2018 taxes, not 2017, right?
No
Correct
I am really to upset to post anymore.  >:(
I just found a new supply of forks!

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 15620
  • Total likes: 7712
  • DansDeals.com Hat Tips 19
    • View Profile
  • Location: 770
  • Programs: בשורת הגאולה. From Exile to Redemption. GIYF. AAdvantage Executive PlatinumŽ
Re: Will your federal taxes be going up or down next year?
« Reply #619 on: September 03, 2018, 04:04:35 PM »
No
Correct
I am really to upset to post anymore.  >:(

TBH, I have some very unusual activity in 2018, which is causing me to do some unusual things that will raise my AGI significantly, but keep taxes under a lid, due to an unusual event.

That being said, when I started running my projections for 2018 taxes, I got sticker shock at first, until I realized the huge offset I would get from the child tax credit.

Now if only my CPA wouldn't drag things that much, and would work with in a timely manner, I would have a better picture of what things will look like, with the ability to plan ahead appropriately, rather than just being reactive.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan