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Trump's tax cuts: My result

Discussion in 'Political Opinions & Beliefs' started by TOG 6, Apr 13, 2019.

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  1. Daggdag

    Daggdag Well-Known Member

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    My income is about the same every year. Because I am losing a number of deductions, my taxable income is higher and I am paying more in taxes with a lower rate than I did with the old one. The Trump tax cuts hurt people like me who make more money and itemize on our taxes. It only helps those who use the standard deduction.
     
    Last edited: Apr 16, 2019
    Daggdag, Apr 16, 2019
    #251
  2. navigator2

    navigator2 Banned

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    You've conveniently not answered either of my two posts. Something's rotten in Denmark. Your pass through savings from your LLC were more than enough to offset any lost state tax deductions.
     
    navigator2, Apr 16, 2019
    #252
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  3. TOG 6

    TOG 6 Well-Known Member

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    In raw dollars. What about the % of your income?
     
    TOG 6, Apr 16, 2019
    #253
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  4. Daggdag

    Daggdag Well-Known Member

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    My income is about the same every year. Because my taxable income is higher, I pay a higher percentage of my overall income in taxes. It shouldn't take a rocket scientists to understand this.
     
    Daggdag, Apr 16, 2019
    #254
  5. TOG 6

    TOG 6 Well-Known Member

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    The fact you wont tell the whole story (see: OP) says all that need be said.
    Thanksa
     
    TOG 6, Apr 16, 2019
    #255
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  6. Durandal

    Durandal Well-Known Member Donor

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    Pretty sure there is not and never has been any shortage of used automobiles on the market.
     
    Durandal, Apr 16, 2019
    #256
  7. navigator2

    navigator2 Banned

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    You didn't read the graph either did you?
     
    navigator2, Apr 16, 2019
    #257
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  8. ronv

    ronv Well-Known Member

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    Bull
     
    ronv, Apr 16, 2019
    #258
  9. squidward

    squidward Well-Known Member

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    Used car inventory?
     
    squidward, Apr 16, 2019
    #259
  10. ronv

    ronv Well-Known Member

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    I think maybe it was you that missed this one.

    upload_2019-4-16_12-55-15.png
     
    ronv, Apr 16, 2019
    #260
  11. Durandal

    Durandal Well-Known Member Donor

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    Did you read beyond your graph?
     
    Durandal, Apr 16, 2019
    #261
  12. navigator2

    navigator2 Banned

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    Yes. I see you don't understand it either. See the downward spike during the Great Recession 08-09? Old cars were destroyed, automakers came to a screeching halt in production. Less inventory. Some of you people make wonder how man has survived this long.:roflol:
     
    navigator2, Apr 16, 2019
    #262
  13. danielpalos

    danielpalos Banned

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    QE was not about creating jobs for the Poor.
     
    danielpalos, Apr 16, 2019
    #263
  14. squidward

    squidward Well-Known Member

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    Who passed Graham-Leech-Bliley, deregulating the banks?
    How do tax cuts cause economic crashes?
     
    squidward, Apr 16, 2019
    #264
  15. ronv

    ronv Well-Known Member

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    Cash for clunkers only lasted a month in 2009 - had nothing to do with reduction in 2012.
    There was no big dip in 200This graph

    upload_2019-4-16_17-8-33.png
    The problem was new inventory.
    This:

    [​IMG]
     
    ronv, Apr 16, 2019
    #265
  16. Hairball

    Hairball Well-Known Member

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    Sucks to be you.
     
    Hairball, May 8, 2019
    #266
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