Politics

How are those Trump tax cuts looking?

PayPal lGTy66
Feb 9

Anyone feeling screwed?
Republican tax plan -- rob the poor feed the rich.
No wonder Trump and McConnell don't want the poor to come out and vote.

comments

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  • Oath / MgmtAtinlay
    MAGA
    Feb 914
    • TripAdvisor owlwise
      Atinlay is popular on Blind for defending Nazis marching in Charlottesville and ranting against family migration policies. You should block him as I did :)
      Feb 9
    • Oath / MgmtAtinlay
      Because I don’t bully and silence those who disagree with me
      Feb 9
    • Amazon nspl273
      You realize Trump is literally doing just that and trying to silence those who disagree with him by trying to prevent freedom of the press, buying people's ability to talk about how he paid to be with pornstars, and preventing an investigation that if he was completely Innocent from he wouldn't have to worry about it?
      Feb 9
    • Yahoo Hakeem
      Best to ignore Atinlay as most of us already have
      Feb 9
    • Western Digital rhrR87
      Don't waste your time with Atinlay, he is always right. Very stubborn
      Feb 9
    • Oath / MgmtAtinlay
      Sorry I broke your narrative again
      Feb 9
    • Match / EngulcM52
      Tax reform seems like it was designed to push high tax states to reduce taxes. Unlimited salt deductions and mortgage interest to 1 million were essentislly subsidizing states like New York and California bank role by diverting federal money locally. States like nyc are in trouble if a sizable exodus occurs from those who pay the most taxes. Does anyone ever ask where the tax money goes because you know it's never enough.
      Feb 9
    • Oath / MgmtAtinlay
      The exodus has already started

      https://www.bizjournals.com/newyork/news/2018/05/25/new-york-ranks-no-1-in-losing-residents-to-other.html

      All the states on top of that list are high taxes blue states
      Feb 9
    • Credit Karma EllisDee25
      “Because I don’t bully and silence those who disagree with me”

      Haha, blocking someone isn’t “silencing them” it’s just plugging your ears.

      Here you go - I think you dropped these fractured shards of your “victim-mentality” narrative. Lol.
      Feb 9
    • Oath / MgmtAtinlay
      I’m not playing victim at all. I don’t care who he blocks or doesn’t block. Bragging about blocking someone is being too big of a snowflake to come out and discuss things. You and I almost never agree but at least we talk.
      Feb 10
  • Western Digital rhrR87
    Come on!, tax cuts were targeted to help the real rich ppl, not the ppl in Blind
    Feb 95
    • Google armatu
      Well, they actually mostly bad for rich ppl in states like California, NY etc.
      Feb 9
    • Western Digital rhrR87
      Do you have proof? Google it, tax cuts only helped rich corporations. For mid class we are screwed
      Feb 9
    • Indeed dradular
      The rates and calculations are public info. Do math and find out how wrong you are, rather than searching for propaganda.
      Feb 9
    • Western Digital rhrR87
      Ok let's see if you are smart as you claim. Apple, Google, Wells Fargo got billions in tax breaks. Tell me exactly in what area you were benefit and how much you paid last year vs. This one? I only take numbers and details as answer.. don't just give vague answers
      Feb 9
    • IBM / Eng👁🐝Ⓜ️
      @rhrR87
      Apple, Google, etc. getting a corporate tax cut does not mean YOUR taxes went up.

      And yes, corporations getting tax cuts are very good for everyone.

      Let’s take Apple for example. They have decided to open a new campus (in Texas I believe) in large part due to the tax bill. There is a video of Tim Cook giving credit to the tax plan. I can provide the link if you are too lazy to look it up. This campus will provide a few thousand new jobs that all pay over 6 figure.

      So yeah. Keep complaining about evil corporations...
      Feb 11
  • New tLFu71
    Looks great for me. Not so great for loser liberals in liberal states. Maybe you should stop voting in anti-American losers who don’t let a day go by without coming up with another freedom to restrict and something to tax.
    Feb 916
    • Apple hMWF54
      Like being a Russian asset?
      Feb 9
    • Oath / MgmtAtinlay
      Hillary got that covered
      Feb 9
    • Apple hMWF54
      No no, that’s all credit for the orange man.
      Feb 9
    • Oath / MgmtAtinlay
      One day you’ll see the light.
      Feb 9
    • Apple hMWF54
      Hopefully 2020, worse case (depends on Putin) 2024
      Feb 9
    • Oath / MgmtAtinlay
      MAGA
      Feb 9
    • eBay laserpntr
      Californian here, you’re welcome for supporting your poor red states with our taxes from our higher income.
      Feb 9
    • IBM / Eng👁🐝Ⓜ️
      Not for long @laserpntr. More and more tech companies are moving to red states. Lower cost of living means they can operate on much lower labor cost while still providing great standard of living to their employees.

      The only reason blue states bring in more tax revenue now is because they already have built up industries bringing in tons of revenue from when they where red states.

      There is a pattern here. Red state has freedom and lower taxes. People move there, build up prosperity, population grows and becomes more and more liberal. More taxes follow, and eventually red becomes blue.
      Feb 11
    • eBay laserpntr
      I would be happy if they pulled their your weight, but will believe it when I see it. Housing and TC is still growing here like crazy, not much slow down.
      Feb 11
    • Oath / MgmtAtinlay
      You know it’s not about “pulling weight”, right? Even CA needs federal funding for wildfires, mudslides, stupid trains to nowhere, and every damn thing else.
      Feb 11
  • TripAdvisor owlwise
    Average tax refund is down this year, Trump screwed everyone.
    Feb 913
    • Apple hMWF54
      We should tell our state to stop subsidizing the feds to redistribute to red 💩 states. Keep the money in the state.
      Feb 9
    • Oath / MgmtAtinlay
      You’ve got that backwards
      Feb 9
    • Apple hMWF54
      Nope, feds should be cut. Remember small government, Washington is too big, etc?
      Feb 9
    • Oath / MgmtAtinlay
      Remember all those federal funds that CA wastes?
      Feb 9
    • TripAdvisor owlwise
      Why should the fed govt be sanctioning people who choose to live in a high tax state. Its OUR money and our choice. Fed should stop stealing our money to redistribute to the red taker states.
      Feb 9
    • Apple hMWF54
      Bingo
      Feb 9
    • Oath / MgmtAtinlay
      Paying high taxes is not a virtue
      Feb 9
    • Apple hMWF54
      Right, bring federal taxes to 5%
      Feb 9
    • Microsoft @at
      Refunds are irrelevant. Look at how much tax you paid as a % in 2018 vs 2017 that is all that matters.
      Feb 9
  • Microsoft / EngFreshPrinc
    Effective tax rate increased
    Feb 96
  • LinkedIn bored🐷
    State income tax is not deductible any more. The 9.3% rate I pay is exactly 9.3% now. It used to be effectively ~6%. CA really needs to reduce state income tax.
    Feb 912
    • Oath / MgmtAtinlay
      Did you already forget the fit your state threw when Trump threatened to cut off the CA forestry department over mismanagement of federal funding during the wildfires?
      Feb 9
    • Apple hMWF54
      He just need to give back what we gave him.
      Feb 9
    • Oath / MgmtAtinlay
      You’re backwards on that
      Feb 9
    • Apple hMWF54
      Nope, I just want a smaller federal government, just like any sane conservative
      Feb 9
    • Oath / MgmtAtinlay
      We agree on that. Just don’t expect the fed to subsidize your bad state level politics.
      Feb 9
    • Apple hMWF54
      California is a Dino state, thus you are right, California should stop subsidizing feds
      Feb 9
    • Oath / MgmtAtinlay
      They aren’t. Not by a long shot.
      Feb 9
    • Oath / MgmtAtinlay
      Maybe soon you’ll learn how to post a link. of course LA Times is going to say that
      Feb 9
    • Apple hMWF54
      Oh well, go back to MAGA then. It seem to make you feel cozy
      Feb 9
  • LinkedIn bored🐷
    Seriously thinking California should abolish income tax.
    Feb 92
    • GoodRx BobAxelrod
      Let me know how that goes.
      Feb 9
    • New / R&Dzorkan
      Wealth inequality is lit. Come to Seattle 💯
      Feb 9
  • Dell / Eng
    //////

    DellEng

    PRE
    Dell EMC
    //////more
    Feb 918
    • Microsoft DangerRngr
      Wrong. We will let him live in a prison cell rent free.
      Feb 10
    • Oath / MgmtAtinlay
      Have a seat, your hate is showing
      Feb 10
    • Oath / MgmtAtinlay
      Hillary is going to be in there long before anyone else
      Feb 10
    • Microsoft DangerRngr
      OMG your delusion is boring...

      Please work on your comebacks. Weak entertainment. Soft mushy reasoning capabilities.
      Feb 10
    • Oath / MgmtAtinlay
      You’re the delusional one here. I’m the other guy
      Feb 10
    • Microsoft DangerRngr
      You mean « Stoopeed », the other guy?
      Feb 10
    • Oath / MgmtAtinlay
      You lost. Buh-bye
      Feb 10
    • Oath / MgmtAtinlay
      MAGA
      Feb 10
    • Microsoft DangerRngr
      Sure 🍄

      Make America Great Britain Again
      Feb 10
    • Oath / MgmtAtinlay
      because Great Britain is in such great shape right now 😂
      Feb 10
  • Facebook public2
    I kinda feel bad. My taxes were slashed for no reason. I didn't need a larger break but if that's what trumps people want, fine.
    Feb 911
    • Facebook public2
      Good idea actually, I probably will donate more this year.
      Feb 9
    • LinkedIn bored🐷
      Are you in Seattle?
      Feb 10
    • Facebook public2
      Bay
      Feb 10
    • LinkedIn bored🐷
      I guess you don’t own a house then.
      Feb 10
    • Facebook public2
      I own several, why?
      Feb 10
    • LinkedIn bored🐷
      Passthrough deduction then. I am only talking about salary here.
      Feb 10
    • Facebook public2
      Salary is taxed at a lower rate now. The only hit was the fed mortgage deduction was lowered from 1m to 750k but that's fairly small.
      Feb 10
    • LinkedIn bored🐷
      The 10K SALT is a huge negative to my taxes. My state income tax rate effectively went from 6% to 9.3%.
      Feb 10
    • Facebook public2
      State should be the same if you are in CA they kept their interest deduction at 1m. But yes you won't be able to write as much off against federal thanks to trumps genius penalty of blue states.
      Feb 11
    • Oath / MgmtAtinlay
      So blame the blue state!
      Feb 11
  • New / R&Dzorkan
    Still waiting on fucking robinhood to get it's shit together
    Feb 92
    • Facebook public2
      Lol
      Feb 9
    • Oath / MgmtAtinlay
      They didn’t even bother to get FDIC, and you think they’re going to send your tax forms?

      😂
      Feb 9
  • Microsoft aiNP74k
    Yes
    Feb 90
  • Trump saved me 40k. TC 1.6m
    Feb 92
    • Google armatu
      How did you get to 1.6m? What type of career/trajectory pays? Just curious :).
      Feb 9
    • Engineer into management. Most of the comp is stock. Grant was signed/priced pre ipo. Stock is on a tear.
      Feb 9
  • Microsoft DangerRngr
    I don’t care. People merit getting screwed for voting for the orange cheetolini turd.
    Feb 1015
    • Microsoft DangerRngr
      What do you mean by « tribe »? The only thing I could regret is participating in this shitshow where a clown who loses popular vote by 3M gets elected.
      Feb 10
    • Oath / MgmtAtinlay
      If you didn’t participate, you can’t complain. Nobody cares what you think
      Feb 10
    • Microsoft DangerRngr
      You obviously have some cognitive challenges.

      At this juncture I’d better go down to the pub.
      Feb 10
    • Oath / MgmtAtinlay
      MAGA
      Feb 10
    • Microsoft DangerRngr
      Agreed. Make America Great Britain Again

      (Hence the pub...)

      😂
      Feb 10
    • Oath / MgmtAtinlay
      Another reason why nobody cares what you think

      MAGA
      Feb 10
    • Microsoft DangerRngr
      God you are boring and predictable...
      Feb 10
    • Oath / MgmtAtinlay
      Just because you’re wrong doesn’t make me boring and predictable
      Feb 10
    • Microsoft DangerRngr
      Feb 10
    • Oath / MgmtAtinlay
      Ok, I’ll leave you alone then
      Feb 11
    • Apple 🗣ur🧠
      We already suffered a trillion dollar deficit last year...at peak employment...with high faultin’ trump taxes in effect. Here comes another. So much winning.

      What happened to those deficit hawk Republicans that refused to approve any spending without offsetting in cuts elsewhere.

      They gone vanished like a fart in the wind.

      You know what will happen ultimately? It’s coming. The wealth tax. Even Trump proposed it 1999 to pay off the national debt.
      Feb 12
  • Apple ijyA68
    I thought Democrats wanted higher taxes? If so, why are you complaining if your taxes went up? Is it because you wanted a Democrat to raise your taxes and not a Republican?
    Feb 1113
    • Oath / MgmtAtinlay
      It’s a big distinction with a big difference
      Feb 11
    • Microsoft / EngFreshPrinc
      Atinlay, please stop distorting the truth. State and local taxes have been deductible since the beginning of the federal income tax in 1913. This was not some liberal loophole - it's the way it's always been. Why should you be taxed on money you're paying in taxes? It's one of the few deductions that makes perfect, logical sense.

      There are zero lenses to view this through other than "Republicans wanted to offset the cost of this tax cut so they did it by intentionally harming blue state residents that won't vote for them anyway". It is 100% a money grab from New York and California - which are already subsidizing the rural red states as it is.

      You can stop repeating yourself now. We saw it the first time. Yes, it is true that if you live in a state with high local taxes you'll be harmed by this change. That's true. But the second part of your statement is then objectively false - it's not a tax cut for those people, this law resulted in a tax increase, and that's by design.
      Feb 11
    • Oath / MgmtAtinlay
      Many people saw their refunds increase. The fact of you reporting it from your bubble as impacting everyone is false. Don’t blame others for your state’s mistakes in local policies.
      Feb 11
    • Microsoft / EngFreshPrinc
      More intellectual dishonesty. Mistakes? It's a law that's been on the books for the entirety of the existence of the federal income tax. Before my grandparents were born. Before any legislator in any of the involved state was born.

      Also you are attempting to shift the responsibility for your dishonesty. People here are reporting how it impacted them. Not how it affected the median of the nation. So don't bother finger pointing on that, either.
      Feb 11
    • Oath / MgmtAtinlay
      You’re just butthurt because you live in a blue state. The kind people are moving out of in droves.
      Feb 11
    • Microsoft / EngFreshPrinc
      I don't live in a blue state. I work in one though. Because ya know, those states have jobs.

      Either way, now you're just deflecting. Between the intellectual dishonesty and the deflection I'll take that as your tacit admission of defeat. Thanks Oath, have a good day!
      Feb 11
    • Oath / MgmtAtinlay
      You lost this one
      Feb 11
    • Microsoft / EngFreshPrinc
      I responded with facts, you responded with insults that became less relevant to the topic as they went on. You have no actual material. Nice try kid, try again next thread.
      Feb 11
    • Apple hMWF54
      Bring federal taxes to 2%. Let states handle their taxes
      Feb 14
  • Apple 🗣ur🧠
    Effective tax rate is up. I always adjust my w4 each year to prevent paying too little tax. Capping SALT deductions really screwed me. 3k increase in taxes. Meh.

    And the sad thing is this year was supposed to be the best year in terms of tax cuts. They slowly roll back (of course not for the ultra wealthy) each year. This was the only way the GOP could ram it through using reconciliation. It’s an ARM and the losers are the bottom 98% of the tax payers, per usual when the GOP creates tax breaks.
    Feb 100
  • Apple hMWF54
    Too soon to be certain, but so far I’ll pay more.
    Feb 90
  • Honeywell FM&T rad!0
    Had to cough up about $700 more than last year.
    Feb 91
  • Indeed cyhy46
    Filed my taxes last week, and my tax rate was so low that I went through Turbotax a second time just to make sure I hadn't fucked up.

    Feels good man.

    As an aside: If _anyone_ who works at a major tech company is feeling screwed by a tax change that, to quote you, "rob[s] the poor" and "feed[s] the rich" then I've got some really bad news for you. YOU ARE ALL RICH. WE ARE ALL RICH. BY EVERY REASONABLE STANDARD, VIRTUALLY EVERY SINGLE EMPLOYEE AT EVERY MAJOR TECH COMPANY IS RICH.

    Median US household income is about $62k. https://fred.stlouisfed.org/series/MEHOINUSA646N. If you AND ALL YOUR ROOMMATES COMBINED make more than that, you're already richer than half of all Americans.
    Feb 140
  • Microsoft DangerRngr
    a MAGA republican malfunctioned today at @bluesegg in Milwaukee, WI after realizing he got screwed #somuchwinning #heseemsnice
    https://twitter.com/alt_uscis/status/1095451067113000961?s=21
    Feb 120
  • Microsoft torched9
    My tax refund is up 30%, 👍
    Feb 90
  • Fitbit
    iloceyo

    Fitbit

    PRE
    HotelTonight
    iloceyomore
    I’ll be paying less, deductions are really big
    Feb 90
  • Cisco
    sas2717

    Cisco

    PRE
    Cisco
    sas2717more
    Almost same. I had company deduct the increase in pay so I still get refund.
    Feb 90
  • PayPal lGTy66
    OP
    How is your tax refund compared to last year?
    Feb 91
    • IBM / Eng👁🐝Ⓜ️
      Idiot OP doesn’t realize that tax refund means nothing. It’s how much you pay in taxes that matters. A refund just means that the government held onto your money without paying you interest. In other words, you overpaid during the year.

      A lot of people are getting zero refund because they aren’t able to itemize enough to overcome the standard deduction. This is not a bad thing...

      Unless you make more than 400k you got a small reduction in taxes that was automatically reflected in your paycheck by your HR dept.
      Feb 11
  • Google jrg1s9
    ITT: people with six+ figure TCs fancy themselves as middle class Americans. Pay your fair share you goddamn fatcats.
    Feb 140
  • Microsoft DangerRngr
    An other good one:

    Remember back before the economic crash of 2008 just over a decade ago? One of the heralds of that massive worldwide economic crash was the fact that more than 5.5 million Americans couldn’t pay their car note, and were more than 90 days behind on the bill. According to a report by the Federal Reserve Bank of New York, we’re heading toward a critical mass with more than 7 million car loans more than 90 days past due.

    Source:
    https://libertystreeteconomics.newyorkfed.org/
    Feb 120
  • Microsoft @at
    The tax cuts started last year
    Feb 90

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