New tax rules - Graybeard Outdoors
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post #1 of 41 (permalink) Old 04-04-2019, 12:55 PM Thread Starter
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Default New tax rules

Well the new tax rules that we're supposed to save us money cost me almost double more. And I worked three months less. Not sure I like it.
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post #2 of 41 (permalink) Old 04-04-2019, 01:46 PM
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I'm waiting for the tax man to get mine done.....nervously waiting! I'm gonna start claiming my bird dogs as exemptions.
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post #3 of 41 (permalink) Old 04-04-2019, 02:06 PM
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Told ya!
You probably would have made out if you were in the top 2 or 3 percentile of income earners; or at the very bottom!

Thanks to my accountant we saw this tax shift to the middle class coming. Hit me double hard since my wife was murdered and I am now a single filer.

And it can get worse if and when you're a Medicare recipient and you get tapped by MAGI and IRMAA regulations created by Bush Jr. Alot of elders going to shocked.

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post #4 of 41 (permalink) Old 04-04-2019, 04:28 PM
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We got a larger than normal refund this year, plus my wife got a little more in her paychecks.
So I'm happy with the new tax law.

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post #5 of 41 (permalink) Old 04-04-2019, 04:32 PM
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Quote:
Originally Posted by bugeye View Post
We got a larger than normal refund this year, plus my wife got a little more in her paychecks.
So I'm happy with the new tax law.
Me too.
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post #6 of 41 (permalink) Old 04-04-2019, 04:45 PM
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Originally Posted by Argent11 View Post
Me too.
i am not getting a wife just to save money on taxes
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post #7 of 41 (permalink) Old 04-04-2019, 04:48 PM
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Got mine back today. I have to pay almost triple to the feds and double to the state. My accountant told me last year that I was gonna
get a whumping big tax bill and he was right.

When you're walking on eggs; don't hop!!
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post #8 of 41 (permalink) Old 04-04-2019, 06:18 PM
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Originally Posted by Ex 49er View Post
Got mine back today. I have to pay almost triple to the feds and double to the state. My accountant told me last year that I was gonna
get a whumping big tax bill and he was right.
Yup.! Most middle class folks who know about taxes, look at or calculate their 2018 NET EFFECTIVE TAX RATE and realize its significantly up from previous years.

.TM7
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post #9 of 41 (permalink) Old 04-04-2019, 07:10 PM
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I'm waiting to see how I made out till next week. I would already know except for one company that refuses to get their tax document out until the last week of March.LOUD complaints have falenl on deaf ears.
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post #10 of 41 (permalink) Old 04-04-2019, 07:28 PM
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"Yup.! Most middle class folks who know about taxes, look at or calculate their 2018 NET EFFECTIVE TAX RATE and realize its significantly up from previous years."






Unless you live in a high real estate tax or state income tax state, that simply is NOT true.

Aim small, miss small!!!
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