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teeitup
Massachusetts
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since Jun 9 2007

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Locked. No further comments permitted.Do you have any idea what the new tax bill will do to YOUR taxes???
Dec 19 2017 12:53PM more by teeitup
Tags: LA, Current Events (All tags)

(let em rip)
      
There are 16 comments on this blog. This blog is locked and no further comments are permitted.
loucfirr1
LA, CA
212 blogs/26592 comments
since Jun 29 2008

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Dec 19 2017 02:23PM     link to this

Lower them.
Grumpy
Inland Empire, CA
256 blogs/9556 comments
since Sep 14 2006

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Dec 19 2017 03:12PM     link to this

I know I don't. The people who give me the money do.
Grumpy
Inland Empire, CA
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since Sep 14 2006

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Dec 19 2017 04:17PM     link to this

That pinchi roadrunner ate cheese.
teeitup
Massachusetts
1017 blogs/14630 comments
since Jun 9 2007

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Dec 19 2017 05:10PM     link to this

^So when (not if) the Rebubes go after your SS and Medicare, you're not going to be a happy camper (cause they won't go after Federal pensions and certainly not Congressional pensions).
teeitup
Massachusetts
1017 blogs/14630 comments
since Jun 9 2007

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Dec 19 2017 08:04PM     link to this

Jack, you know that flea and tick treatments are no longer tax deductible, right? Nor is alcohol dependency treatments. Good luck. Scratch, scratch.
gilbert33
Fountain Valley, OC, CA
84 blogs/859 comments
since Feb 7 2012

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Dec 19 2017 10:27PM     link to this

If I am correct after looking at the charts my taxes will go down approx. $1600. My Meerkat and Hedgehog breeding business taxes will go down approx. $4500. Who knew Meerkat and Hedgehog sperm was worth so much.
teeitup
Massachusetts
1017 blogs/14630 comments
since Jun 9 2007

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Dec 19 2017 11:35PM     link to this

^^With that extra money, you can hire Lou, Hime, and Rent to collect more sperm...win, win.
Facephuckker
Austin, TX
149 blogs/9741 comments
since Sep 10 2009

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Dec 20 2017 12:21AM     link to this

I never pay anything anyway
I need some kids to claim to get my share of welfare
mjcjmjcj
Burbank, SFV, LA, CA
24 blogs/8667 comments
since Jul 20 2013

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Dec 20 2017 06:44AM     link to this

I like drinks
taxartiste
Newport Beach, OC, CA
2 blogs/665 comments
since Jan 28 2006

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Dec 20 2017 09:22AM     link to this

Well let's see, here are a couple of examples.

Client 1 pays 200k in state income taxes and 32k in RE taxes, total of 232k, now only 10k, so his income goes up by 222k at 37% = tax increase of 82k approx. BTW not rich, total income around 1 mil only.

Client 2 pays 100k in medical due to special cancer drugs, soon to not be deductible. Income is about 125k from pension fund, retiree. Taxes will go up substantially.

Most of my other clients make 200-900k and will get hammered, you all know they're not rich, but the loss of the state income tax and RE tax will hurt.

I've gotta imagine many of you mongers make a decent living, own homes; so therefore you pay RE taxes and CA taxes well in excess of 10k. You will be paying higher taxes.

If you make less than 75k are married and have kids, you'll be happy.

Me, I'll still have plenty of work to do.

CA, NY & NJ folks got totally fucked.

TA
DelilahRose
Simi Valley, Ventura, Central Coast, CA
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since Dec 27 2012

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Dec 20 2017 09:47AM     link to this

Cuz he makes 0 cents?
DelilahRose
Simi Valley, Ventura, Central Coast, CA
427 blogs/23016 comments
since Dec 27 2012

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Dec 20 2017 09:48AM     link to this

Best time to own a corporation
jazz51
Laguna Hills/Woods, OC, CA
258 blogs/12871 comments
since Sep 24 2008

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Dec 20 2017 10:25AM     link to this

Tax artiste. By definition, middle class is defined as the range from 67% to 200% of median income in the state. That puts anyone in CA above about $150,000 as the upper level middle class. And thus anyone above that is rich. Not my definition but what has been acknowledged. So all of your clients ARE rich and are NOT making out like a bandit like the left wants us to believe.
KaiserSoce
CA
222 blogs/5160 comments
since Oct 2 2017

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Dec 20 2017 11:03AM     link to this

Taxart...

What idiot makes a million and pays 20% in state tax?
jazz51
Laguna Hills/Woods, OC, CA
258 blogs/12871 comments
since Sep 24 2008

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Dec 20 2017 11:52AM     link to this

But with an unexpected $1,000 in hand, I bet a lot of that money makes it into the economy and that will help stimulate more jobs. But frog would bitch if someone gave him $999, he would complain it wasn’t 1,000.
taxartiste
Newport Beach, OC, CA
2 blogs/665 comments
since Jan 28 2006

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Dec 20 2017 11:56AM     link to this

Kaiser, let me clarify, his projected for 2018 is nearly 2mil and his CA tax will be about 200K or 10%
hope that helps. 10% not too bad, I'll have him donate to the Church of the Happy Taxpayer, and I'm the senior pastor!

TA
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