Contact Us/Help!
Handle:
Password:
Forget Your Password?    Join for FREE!
sherkahn
Diamond Bar, SGV, LA, CA
Pomona, Inland Empire, CA Today!
1113 blogs/5529 comments
since Apr 27 2008

Level 2
AttributeLevel
Overall2
Safety2
Compliance3
Integrity3
Reliability3
Karma2
See Photo Albums
Locked. No further comments permitted.Most of you who have started to do your taxes may have noticed
Feb 6 2019 09:18PM more by sherkahn
Tags: Current Events

...the financial benefits of the Trump tax cuts have worn off, unless you are a corporation.

Ha.
Ha

Ha.


Attached Links
Hurting that bulge in your pants
      
There are 44 comments on this blog. This blog is locked and no further comments are permitted.
Facephuckker
Austin, TX
149 blogs/9752 comments
since Sep 10 2009

Level 4
AttributeLevel
Overall4
Safety5
Compliance5
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 6 2019 10:42PM     link to this

not mine

zero tax, again......................yay !!!!!!!!!!!!!!!!
loucfirr1
LA, CA
212 blogs/26584 comments
since Jun 29 2008

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 7 2019 01:00AM     link to this

Lol raw stories?

My taxes still down, thanks Trump!
Grumpy
Inland Empire, CA
256 blogs/9556 comments
since Sep 14 2006

Level 5
AttributeLevel
Overall5
Safety5
Compliance-2
Integrity5
Reliability5
Karma5
See Photo Albums
Feb 7 2019 06:36AM     link to this

I actually live in a dumpster. My mom kicked me out months ago.
MuttonDagger
LA, CA
8 blogs/354 comments
since Jan 4 2010

Level 3
AttributeLevel
Overall3
Safety3
Compliance3
Integrity3
Reliability3
Karma3
See Photo Albums
Feb 7 2019 07:39AM     link to this

what’s so funny about you having to give more money to the govt?
Raspberry8951
Pasadena, SGV, LA, CA
64 blogs/1820 comments
since Jan 1 2018

Level 1
AttributeLevel
Overall1
Safety1
Compliance2
Integrity1
Reliability1
Karma1
See Photo Albums
Feb 7 2019 09:12AM     link to this

Mortgage Interest Deductions are now capped at 10,000 usd

Since most people buy homes with a mortgage and all of their net worth is tied to their homes most of what's left of the middle class are starting to see the results of the Trump Tax cuts that were passed last year.

Now that Trump has done his State of the Union we are now back to 250 point plus declines in the Dow. See you at 18,000 .

Mark this post.
gilbert33
Fountain Valley, OC, CA
84 blogs/859 comments
since Feb 7 2012

Level 2
AttributeLevel
Overall2
Safety3
Compliance3
Integrity3
Reliability2
Karma3
See Photo Albums
Feb 7 2019 09:53AM     link to this

My employer waited to the last week to reduce the amount of taxes taken out of our pay last year. After doing a preview of my taxes I noticed a decrease in the amount I usually owe.
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Feb 7 2019 11:00AM     link to this

tax refunds will be good for renters and low income households


i am loving the response to over taxing in NY...dude is crying about it

same shit is happening in california

MMarblez
CA
259 blogs/2728 comments
since Apr 8 2018

Level 0
AttributeLevel
Overall0
Safety0
Compliance0
Integrity0
Reliability0
Karma0
See Photo Albums
Feb 7 2019 11:08AM     link to this


Worked well for me.

Maybe you should incorporate
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Feb 7 2019 11:11AM     link to this

billionaires are leaving the high tax states and the states are complaining about it

InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Feb 7 2019 11:36AM     link to this

they took away exemptions, but increased the Chd credit.

i think the libs are going to be very surprised at how well this works...won't or can't admit it though

i find it laughable that they are bad mouthing the economy now a day after the good economic report







CoachMila
Irvine, OC, CA
240 blogs/903 comments
since May 27 2006

Level 2
AttributeLevel
Overall2
Safety3
Compliance-1
Integrity3
Reliability3
Karma3
See Photo Albums
Feb 7 2019 12:40PM     link to this

Now how can we find a CPA we can trust!?!!!

😭
Facephuckker
Austin, TX
149 blogs/9752 comments
since Sep 10 2009

Level 4
AttributeLevel
Overall4
Safety5
Compliance5
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 7 2019 01:01PM     link to this

there was one here years ago,
BritGuy
LAX, Coastal, LA, CA
65 blogs/737 comments
since May 25 2006

Level 3
AttributeLevel
Overall3
Safety3
Compliance4
Integrity4
Reliability3
Karma4
See Photo Albums
Feb 7 2019 01:54PM     link to this

@Raspberry

Nope, the mortgage deduction hasn't been capped. What has, is the property/state tax deductions.

Cheers.
jazz51
Laguna Hills/Woods, OC, CA
258 blogs/12871 comments
since Sep 24 2008

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 7 2019 03:31PM     link to this

Raspberry once again got his facts wrong....mark this post.....LOL
jazz51
Laguna Hills/Woods, OC, CA
258 blogs/12871 comments
since Sep 24 2008

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 7 2019 04:14PM     link to this

I bet a whole bunch of those people complaining were from New York, New Jersey and California.

Don't blame Trump that your state has you bent over and is screwing you every which way. Those states have high property taxes and high income taxes...yes, those are now capped. But those people should be screaming at the idiots in their state capitals who are costing them so much.

If your income tax and property taxes are $10,000 or less, you have no problems...the increase in the standard deduction really helps middle class in states that don't have such over the top taxes.
MMarblez
CA
259 blogs/2728 comments
since Apr 8 2018

Level 0
AttributeLevel
Overall0
Safety0
Compliance0
Integrity0
Reliability0
Karma0
See Photo Albums
Feb 7 2019 04:33PM     link to this


<--CA is nice to visit often but NOT as you personal/business residence

And if you have a family of 8 - you best make enough money to support that and not rely on taxes refunds lol.

The "communities" that rely on that may want to adjust how they act and learn what condoms are.
Angler1
CA
90 blogs/5963 comments
since Jan 6 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity3
Reliability3
Karma3
See Photo Albums
Feb 7 2019 04:48PM     link to this

The Government should penalize big families, they use way more resources..
jazz51
Laguna Hills/Woods, OC, CA
258 blogs/12871 comments
since Sep 24 2008

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 7 2019 05:10PM     link to this

Yes, if the socialists get into office, then you will REALLY want to be concerned about your taxes.....the very wealthy (those that the idiot socialists want to tax to the hilt) will leave the country just like many French people who left France to go to England, due to the French economy.

So the government will still need money to run, and the heavy taxes will drop to those making less.....duh, when the wealthy leave, those who are still there are now considered wealthy...

TheRealGuido
Dana Point, OC, CA
1111 blogs/6012 comments
since Jun 20 2007

Level 5
AttributeLevel
Overall5
Safety5
Compliance5
Integrity5
Reliability5
Karma5
See Photo Albums
Feb 7 2019 05:54PM     link to this

I did my taxew. Fed was pretty much a wash, like it always is. No, I am not a corp so you are wrong again.

Did my state taxes. Shocker. I was worse off than last year.
MMarblez
CA
259 blogs/2728 comments
since Apr 8 2018

Level 0
AttributeLevel
Overall0
Safety0
Compliance0
Integrity0
Reliability0
Karma0
See Photo Albums
Feb 7 2019 06:26PM     link to this

^^^^
Gotta get outta that place (financially speaking).

Love NO state...shit costs moar for certain items but all good.

Try a PO Box in Geneva
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Feb 7 2019 06:57PM     link to this

for you experts that think you know shit about shit








Attached Links
https://www.kiplinger.com/article/taxes/T055-C032-S014-4-case-studies-show-how-new-tax-law-may-affect-you.html
billinirvine
Irvine, OC, CA
88 blogs/1903 comments
since Jan 25 2008

Level 3
AttributeLevel
Overall3
Safety3
Compliance4
Integrity3
Reliability3
Karma3
See Photo Albums
Feb 7 2019 07:14PM     link to this

You'll be whining a bunch more when Gavin Knewsome [sic] begins to implement his socialist agenda. But more subsidized low income housing means more HX 'specials', closer to home, I guess.

InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Feb 7 2019 07:48PM     link to this

he could be the worst of the whole lot and on his way to president in 2024

jdjr19699
City of Los Angeles, LA, CA
0 blogs/150 comments
since Jun 20 2012

Level 1
AttributeLevel
Overall1
Safety2
Compliance3
Integrity1
Reliability1
Karma2
See Photo Albums
Feb 7 2019 08:08PM     link to this

Britguy is right. Mortgage interest is NOT capped. Raspberry, I don't mean to insult you, but from which lying network did you get that info saying mortgage interest is capped? or who told you? Proof these lying TV networks and Democrat leaders are misleading people.

AOC says you will be taken care of if you are unable or UNWILLING to work. Great, I am unwilling. Why bother when I can make a living without working.
antdog
LA, CA
0 blogs/94 comments
since Nov 29 2007

Level 2
AttributeLevel
Overall2
Safety2
Compliance2
Integrity2
Reliability2
Karma2
See Photo Albums
Feb 7 2019 10:26PM     link to this

go Trump build the wall build the wall build the wall …
Devilish
Malibu, LA, CA
8 blogs/179 comments
since Jul 19 2007

Level 1
AttributeLevel
Overall1
Safety1
Compliance2
Integrity2
Reliability1
Karma1
See Photo Albums
Feb 7 2019 10:53PM     link to this

I don't work so I would not know. No work no tax filing.
stumpy
OC, CA
48 blogs/925 comments
since Jan 28 2006

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma5
Feb 8 2019 01:20AM     link to this

When I was doing 2017 tax returns for clients the tax calculations for 2018 based upon applying the 2018 tax rules to the 2017 income indicated that almost all of my clients would be paying the same or less in taxes and only a very small group would be paying more taxes to the Fed.

Since some of those 2018 tax benefits have already been passed onto people via reduced withholding rates on their wages, they may have more or less of a refund on their tax returns.

I think that trend will likely be true for most Americans. Of course time will tell.
Angler1
CA
90 blogs/5963 comments
since Jan 6 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity3
Reliability3
Karma3
See Photo Albums
Feb 8 2019 03:03AM     link to this

OP is always posting fake doom and gloom about our President..
huuuge
CA
0 blogs/771 comments
since Mar 10 2012

Level 0
AttributeLevel
Overall0
Safety0
Compliance0
Integrity0
Reliability0
Karma0
See Photo Albums
Feb 8 2019 05:27AM     link to this

🐂💨. 💩
maritio
LA, CA
52 blogs/881 comments
since Jun 5 2007

Level 2
AttributeLevel
Overall2
Safety3
Compliance-1
Integrity3
Reliability3
Karma3
Feb 8 2019 05:30AM     link to this

Did someone say middleclass? Where ? Who ?.
Angler1
CA
90 blogs/5963 comments
since Jan 6 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity3
Reliability3
Karma3
See Photo Albums
Feb 8 2019 05:31AM     link to this

What a great week for America..
jimmmyz
OC, CA
119 blogs/1208 comments
since Feb 3 2014

Level 5
AttributeLevel
Overall5
Safety5
Compliance5
Integrity5
Reliability5
Karma5
See Photo Albums
Feb 8 2019 07:44AM     link to this

If you are retired, little income, no tax.
jazz51
Laguna Hills/Woods, OC, CA
258 blogs/12871 comments
since Sep 24 2008

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 8 2019 09:04AM     link to this

Hey, if Ocasio-Cortez gets her way, we will do away with the internal combustion engine, airplanes, and all nuclear power in 10 years.....of course, after the initial release of her plan, they had to walk it back, since it is absolutely impossible......
Raspberry8951
Pasadena, SGV, LA, CA
64 blogs/1820 comments
since Jan 1 2018

Level 1
AttributeLevel
Overall1
Safety1
Compliance2
Integrity1
Reliability1
Karma1
See Photo Albums
Feb 8 2019 10:36AM     link to this

Isnt there a Cardiologist or Oncologist or Psychologist that you should be at today or are you just blogging from the waiting room of your Cardiologist, or Oncologist or psychologist.
Raspberry8951
Pasadena, SGV, LA, CA
64 blogs/1820 comments
since Jan 1 2018

Level 1
AttributeLevel
Overall1
Safety1
Compliance2
Integrity1
Reliability1
Karma1
See Photo Albums
Feb 8 2019 10:40AM     link to this

There goes Disco 75, I mean Jazz-51 being a blog hog all over again. I knew he was here to long when his old man smell wafted straight through my internet telephone again.
jazz51
Laguna Hills/Woods, OC, CA
258 blogs/12871 comments
since Sep 24 2008

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 8 2019 11:57AM     link to this

I only came onto this blog to correct raspberry's sorry ass for not knowing that mortgage interest was NOT capped at $10,000.....and then to comment that the people whining most about the tax bill probably live in the high tax states....so blame your state legislature, governor, even stupid voters for allowing them to tax you to death.
Peat
OC, CA
73 blogs/751 comments
since Feb 18 2010

Level 3
AttributeLevel
Overall3
Safety3
Compliance4
Integrity3
Reliability3
Karma3
See Photo Albums
Feb 8 2019 12:36PM     link to this

I will pay substantially less in taxes because of the increased standard deduction and the lower marginal tax rates.

My itemized deductions are way way less than the 24k standard deduction I will receive.

I bought my house 22 years ago so my property taxes are very low (thanks Prop 13), I've paid off my mortgage and all my kids have aged out. I defer much of my income or I earn my income in another state so I dont currently pay to much in California taxes.

I comply with all tax laws and I frequently get audited by the state of California.

I plan to retire in the next 2-3 years and I will permanently move out of California and just visit when the weather is shitty elsewhere.


teeitup
Massachusetts
1017 blogs/14626 comments
since Jun 9 2007

Level 4
AttributeLevel
Overall4
Safety4
Compliance5
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 8 2019 12:42PM     link to this

" I frequently get audited by the state of California."

Uhhh, could you move to Christian Mingle please...you understand, don't want any guilt by association stuff. Thanks in advance. Oh, and can I have your FX (before someone jumps me)?
jammerman
Central Coast, CA
15 blogs/979 comments
since Feb 3 2008

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 8 2019 12:54PM     link to this

There are consequences to electing tax gouging Democrats. You can’t write off your highest in the nation state taxes any longer. Keep that communist mentality and blame the Feds
Peat
OC, CA
73 blogs/751 comments
since Feb 18 2010

Level 3
AttributeLevel
Overall3
Safety3
Compliance4
Integrity3
Reliability3
Karma3
See Photo Albums
Feb 8 2019 12:59PM     link to this

Teeitup

Transferred 696 hx points to you.

Perhaps you could use them to pay your California taxes.
teeitup
Massachusetts
1017 blogs/14626 comments
since Jun 9 2007

Level 4
AttributeLevel
Overall4
Safety4
Compliance5
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 8 2019 01:16PM     link to this

Damn, does this mean you're actually going to Christian Mingle?

Well thanks, but I think my CA will be a little more than that. And unless Gavin has an HX account, I don't think they will look kindly on that currency.

Nevertheless, if CA comes knocking on your door this year...you don't know us and have never heard of HX. MAGA! (Make Americans Grateful Again)
teeitup
Massachusetts
1017 blogs/14626 comments
since Jun 9 2007

Level 4
AttributeLevel
Overall4
Safety4
Compliance5
Integrity4
Reliability4
Karma4
See Photo Albums
Feb 8 2019 01:19PM     link to this

Oh, one other thing Peat, could you show Dirty Cat how to be more generous? He seems to have a problem in that area.
Raspberry8951
Pasadena, SGV, LA, CA
64 blogs/1820 comments
since Jan 1 2018

Level 1
AttributeLevel
Overall1
Safety1
Compliance2
Integrity1
Reliability1
Karma1
See Photo Albums
Feb 8 2019 02:00PM     link to this

@ Bossanova 65, I mean Jazz-51.

I feel honored that you took time out your "Executive Time" I mean retirement time looking at burial plots to blog stalk me old.man.
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Feb 8 2019 05:20PM     link to this

california looks under every rock for revenue and sends letters at just a sniff of getting something




There are 44 comments on this blog. This blog is locked and no further comments are permitted.