How is the Trump's Tax Cut affecting your tax bill?
Google / Engprodaccessmore
Are you looking forward for Tax Day?
98 VOTESSELECT ONLY ONE ANSWER
This comment was deleted by original commenter.
- Most people don’t account their own effectiveness tax rate, much less annual tax savings. Most people only care if they’re getting a return, or how much money they may owe.
- Microsoft BarFooEvery year after doing my taxes, I look at the calculated effective tax rate from TurboTax. But yeah, the vast majority of Americans just think “I got a refund!!!!” without realizing that a refund just means they paid too much during the year. It has nothing at all to do with their actual taxes...
- Next time you want to make a fool of yourself, might I suggest you do do less publicly? My taxes went up, for two reasons. I got slammed by the 10k limit and, contrary to your assertion, a good portion of my income is now taxed at 35% rather than 33%. One of the brackets increased rather than decreased. 10 to 15 percent of us saw our taxes climb.3d0
- Oracle NumbatsOverall the impact was negative, but not significant. SALT hit me hard. Had purchased a vehicle in 2018 and was looking forward to deducting almost $20k total (including RE, general sales tax, vehicle sales tax). Elimination of personal exemptions was not good either. But the child credit was not bad.