I do understand that Trump is making out with this
Post# of 65629
(Total Views: 66)
Posted On: 12/20/2017 2:15:32 PM
I do understand that Trump is making out with this cut as well as a 14% corporate tax cut, but there is a slight instant gratification part of the bill as well. Come February, I'll be looking at a $5,200 increase in salary for the remainder of 2018. With the 4% drop in tax bracket, I'm looking at about $220 more per check minus my regular 24% bracket dropped from 29%. That'll help a bit at the pump as I'm in one of the highest taxed state.
Long run, I'm looking at my SALT deduction capped and my charitable donations eliminated with a slight increase in my child tax credit. Frankly, I could give a shit about the Federal Deficit. The Repubs can build it as high as they want, as I won't have to shell out an initial dime to cover it. Short sighted, I know, but I have to see what happens when the 2019 filing kicks in.
I've learned from Trump. There's always a loop hole and always a way to screw the system that's screwing you.
Long run, I'm looking at my SALT deduction capped and my charitable donations eliminated with a slight increase in my child tax credit. Frankly, I could give a shit about the Federal Deficit. The Repubs can build it as high as they want, as I won't have to shell out an initial dime to cover it. Short sighted, I know, but I have to see what happens when the 2019 filing kicks in.
I've learned from Trump. There's always a loop hole and always a way to screw the system that's screwing you.
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