How are those Trump tax cuts looking?

PayPal lGTy66
Feb 9 159 Comments

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.

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TOP 159 Comments
  • Oath / Mgmt Atinlay
    MAGA
    Feb 9 14
    • Oath / Mgmt Atinlay
      Sorry I broke your narrative again
      Feb 9
    • Match / Eng ulcM52
      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 / Mgmt Atinlay
      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 / Mgmt Atinlay
      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 9 5
    • 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 9 16
    • Oath / Mgmt Atinlay
      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 / Mgmt Atinlay
      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 9 13
    • 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 / Mgmt Atinlay
      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 / Eng FreshPrinc
    Effective tax rate increased
    Feb 9 6
  • 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 9 12
  • LinkedIn bored🐷
    Seriously thinking California should abolish income tax.
    Feb 9 2
    • GoodRx BobAxelrod
      Let me know how that goes.
      Feb 9
    • New / R&D zorkan
      Wealth inequality is lit. Come to Seattle 💯
      Feb 9
  • Dell / Eng
    //////

    Dell Eng

    PRE
    Dell EMC
    //////more
    Feb 9 18
    • Microsoft DangerRngr
      You mean « Stoopeed », the other guy?
      Feb 10
    • Oath / Mgmt Atinlay
      You lost. Buh-bye
      Feb 10
    • Oath / Mgmt Atinlay
      MAGA
      Feb 10
    • Microsoft DangerRngr
      Sure 🍄

      Make America Great Britain Again
      Feb 10
    • Oath / Mgmt Atinlay
      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 9 11
    • 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 / Mgmt Atinlay
      So blame the blue state!
      Feb 11
  • New / R&D zorkan
    Still waiting on fucking robinhood to get it's shit together
    Feb 9 2
    • Facebook public2
      Lol
      Feb 9
    • Oath / Mgmt Atinlay
      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 9 0
  • Trump saved me 40k. TC 1.6m
    Feb 9 2
    • 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 10 15
    • Oath / Mgmt Atinlay
      Another reason why nobody cares what you think

      MAGA
      Feb 10
    • Microsoft DangerRngr
      God you are boring and predictable...
      Feb 10
    • Oath / Mgmt Atinlay
      Just because you’re wrong doesn’t make me boring and predictable
      Feb 10
    • Microsoft DangerRngr
      Feb 10
    • Oath / Mgmt Atinlay
      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 11 13
    • Microsoft / Eng FreshPrinc
      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 / Mgmt Atinlay
      You lost this one
      Feb 11
    • Microsoft / Eng FreshPrinc
      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 10 0
  • Apple hMWF54
    Too soon to be certain, but so far I’ll pay more.
    Feb 9 0
  • Honeywell FM&T rad!0
    Had to cough up about $700 more than last year.
    Feb 9 1
    • Oath / Mgmt Atinlay
      Cool story
      Feb 9
  • 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 14 0
  • 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 12 0