Author Topic: Trump-Republican tax plan, Bad for large families  (Read 51478 times)

Offline skyguy918

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 2810
  • Total likes: 153
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
  • Location: Queens, NY
Re: Trump-Republican tax plan bad for large families
« Reply #330 on: December 03, 2017, 12:39:01 PM »
Donít do it speculatively. Wait until the bill is signed to law.
I think no matter what it's speculative for 2017. Even if it gets signed into law (which they're hoping to do before EOY), that's not the whole picture - there could be a reactionary change on the state side of things.

Offline Something Fishy

  • Global Moderator
  • Dansdeals Lifetime Presidential Platinum Elite
  • **********
  • Join Date: Jan 2011
  • Posts: 6239
  • Total likes: 1017
  • DansDeals.com Hat Tips 43
    • View Profile
    • Kosher Horizons
  • Location: Not Brooklyn
Re: Trump-Republican tax plan bad for large families
« Reply #331 on: December 03, 2017, 12:40:38 PM »
And good calculator online that lets you compare your taxes going forward to the old plan?

Not sure how accurate this one is, but it was the first one to give me some real numbers:

http://taxplancalculator.com/calc
Check out my site for epic kosher adventures: Kosher Horizons

Offline skyguy918

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 2810
  • Total likes: 153
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
  • Location: Queens, NY
Re: Trump-Republican tax plan bad for large families
« Reply #332 on: December 03, 2017, 12:55:52 PM »
Not sure how accurate this one is, but it was the first one to give me some real numbers:

http://taxplancalculator.com/calc
I've already done a pretty thorough calc on the house bill that showed I'd be paying more tax, and they say I'd pay less tax. As far as I can tell, there don't appear to be any major items they excluded, so I'm not sure where the difference arises.

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1057
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #333 on: December 03, 2017, 01:34:16 PM »
Not sure how accurate this one is, but it was the first one to give me some real numbers:

http://taxplancalculator.com/calc
Not accurate at all for me.
I just found a new supply of forks!

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 54108
  • Total likes: 2595
  • DansDeals.com Hat Tips 16441
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Trump-Republican tax plan bad for large families
« Reply #334 on: December 03, 2017, 01:38:41 PM »
Not sure how accurate this one is, but it was the first one to give me some real numbers:

http://taxplancalculator.com/calc
Where's the option to check for how much pass-through income you have?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline EJB

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Sep 2012
  • Posts: 5070
  • Total likes: 148
  • DansDeals.com Hat Tips 15
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #335 on: December 03, 2017, 01:46:09 PM »
Where's the option to check for how much pass-through income you have?

Most of us donít have pass through income

Offline aygart

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2008
  • Posts: 7087
  • Total likes: 1665
  • DansDeals.com Hat Tips 7
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Trump-Republican tax plan bad for large families
« Reply #336 on: December 03, 2017, 02:03:06 PM »
Most of us donít have pass through income
It is actually very common from corner groceries to Amazon resellers
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline churnbabychurn

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 7184
  • Total likes: 272
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Lakewood
Re: Trump-Republican tax plan bad for large families
« Reply #337 on: December 03, 2017, 02:16:58 PM »
It is actually very common from corner groceries to Amazon resellers
Yes, virtually every small business is pass through

Offline EJB

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Sep 2012
  • Posts: 5070
  • Total likes: 148
  • DansDeals.com Hat Tips 15
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #338 on: December 03, 2017, 04:49:17 PM »
Yes, virtually every small business is pass through
Why canít you get in on lower corporate rate?

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1057
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #339 on: December 03, 2017, 04:51:39 PM »
Yes, virtually every small business is pass through
Doesn't everyone on this forum have a small business or two?
I just found a new supply of forks!

Offline EJB

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Sep 2012
  • Posts: 5070
  • Total likes: 148
  • DansDeals.com Hat Tips 15
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #340 on: December 03, 2017, 04:52:23 PM »
Doesn't everyone on this forum have a small business or two?
I donít. I work for corporate America. And my company isnít sharing w me any of its extra profits.

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 54108
  • Total likes: 2595
  • DansDeals.com Hat Tips 16441
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Trump-Republican tax plan bad for large families
« Reply #341 on: December 03, 2017, 05:02:23 PM »
I donít. I work for corporate America. And my company isnít sharing w me any of its extra profits.
Stop your kvetching. Your company pays half your SS/Medicare/Payroll tax and probably also gives you health insurance, 401k, and other benefits.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1057
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #342 on: December 03, 2017, 05:04:43 PM »
I donít.
You have no business CC's?
I just found a new supply of forks!

Offline EJB

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Sep 2012
  • Posts: 5070
  • Total likes: 148
  • DansDeals.com Hat Tips 15
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #343 on: December 03, 2017, 05:06:07 PM »
Stop your kvetching. Your company pays half your SS/Medicare/Payroll tax and probably also gives you health insurance, 401k, and other benefits.
Iím kidding not kvetching. But i also am a slave to my company yet do not share its profits significantly. But yes - half of 2 of the above taxes, 6% 401k match, minuscule pension, sike sort of hc, and other less valuable benefits

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1057
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #344 on: December 03, 2017, 05:08:12 PM »
But i also am a slave to my company...
That's a choice you made.
I just found a new supply of forks!