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 Post subject: Re: Tax Reform
PostPosted: March 15 19, 12:24 pm 
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Joined: November 6 10, 10:58 am
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thrill wrote:
Leroy wrote:
The only 3 people I have seen with a major change all worked for the same company. Their refunds were down substantially, but so were their withholdings. So the company must have done some change or something as neither changed their W-4.

My employer did this without telling anyone. Or maybe they did and I forgot or just didn't read the email.


but, are they getting more in their take home pay as a result?

(I'm self employed, so my taxes are completely diff than what a w2 employee is)


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 Post subject: Re: Tax Reform
PostPosted: March 15 19, 1:40 pm 
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a bad penny always turns up
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Joined: April 17 06, 12:27 pm
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Location: Hanging out with my redneck, white socks and Blue Ribbon beer.
Yeah, they are. But even if I'm salary, I don't notice a $20 increase in my check or what change it is, especially since when it can get eaten by increases in health insurance or whatever. But if I have to fork over 20 x 26, yeah then I notice. I take extra out of my checks as I'm a terrible saver and I don't want to have to write a check in April.

I don't see how an employer can just do that, but I think they are. The young person I can see blowing off an e-mail, but the other couple watches their stuff pretty close, and were really confused.


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 Post subject: Re: Tax Reform
PostPosted: April 8 19, 2:39 pm 
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99% conan clips
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Joined: April 18 06, 5:14 pm
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have people been getting their refunds? seems like i did federal taxes 3 weeks ago at this point (maybe just 2) and i put what i owe to kansas in the mail last week. i always, in the past, got a few/several hundred dollars from feds and paid around $90 to kansas. of course, im now paying $166 to kansas this year and am curious how much less i'll be getting from the feds.


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 Post subject: Re: Tax Reform
PostPosted: April 9 19, 2:32 pm 
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99% conan clips
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Joined: April 18 06, 5:14 pm
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 Post subject: Re: Tax Reform
PostPosted: April 9 19, 5:14 pm 
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darjeeling sipping elite
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Joined: October 17 06, 11:19 am
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Location: Huis Clos
Jocephus wrote:

Proof- as if we need it- that the Dem establishment is bought and paid for just like the Rs.


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 Post subject: Re: Tax Reform
PostPosted: April 10 19, 6:47 am 
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99% conan clips
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Joined: April 18 06, 5:14 pm
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it is real frustrating to see democracy must be capitalized too

the greed in this country is astounding


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 Post subject: Re: Tax Reform
PostPosted: April 10 19, 8:21 am 
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Hall Of Famer
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Joined: July 15 08, 8:24 pm
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This is a perfect example of how government can sometimes be more efficient than the private sector.


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 Post subject: Re: Tax Reform
PostPosted: April 12 19, 10:53 am 
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99% conan clips
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Joined: April 18 06, 5:14 pm
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i mean, i think we all knew this

Quote:
For decades, profitable Fortune 500 companies have manipulated the tax system to avoid paying even a dime in tax on billions of dollars in U.S. profits. This ITEP report provides the first comprehensive look at how corporate tax changes under the 2017 Tax Cuts and Jobs Act affect the scale of corporate tax avoidance. The report finds that in 2018, 60 of America’s biggest corporations zeroed out their federal income taxes on $79 billion in U.S. pretax income. Instead of paying $16.4 billion in taxes at the 21 percent statutory corporate tax rate, these companies enjoyed a net corporate tax rebate of $4.3 billion.


https://itep.org/notadime/


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 Post subject: Re: Tax Reform
PostPosted: April 15 19, 5:47 pm 
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Hall Of Famer

Joined: April 25 06, 6:43 pm
Posts: 11476
Location: Austin
Bernie releases his taxes.

https://berniesanders.com/tax-returns/

What I want to know: How did he manage to make over $1 million on the book and yet only have $382 in interest and ordinary dividends last year. The year before he had $183 apparently entirely from deposits in the US Senate Credit Union.

Clearly not reading the Investing for Retirement thread.


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 Post subject: Re: Tax Reform
PostPosted: April 15 19, 8:49 pm 
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gone fission
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Joined: December 11 07, 4:15 pm
Posts: 7967
Location: Twin Cities, MN
Arthur Dent wrote:
Bernie releases his taxes.

https://berniesanders.com/tax-returns/

What I want to know: How did he manage to make over $1 million on the book and yet only have $382 in interest and ordinary dividends last year. The year before he had $183 apparently entirely from deposits in the US Senate Credit Union.

Clearly not reading the Investing for Retirement thread.


It's all buried in jars in his back yard or stuffed under his mattress.


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