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Your Tax Cut

Glowpun

Glowpun

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Hi there,

Did you guys make out like bandits under the new tax laws?

I got my paycheck and found I got $27.48 more, just enough to buy an extra fast food meal for the next two weeks. It this what the Republicans have been crowing about? It sounded like workers would get huge benefits. What I see are crumbs.

How about you guys?
 
Glowpun said:
Hi there,

Did you guys make out like bandits under the new tax laws?

I got my paycheck and found I got $27.48 more, just enough to buy an extra fast food meal for the next two weeks. It this what the Republicans have been crowing about? It sounded like workers would get huge benefits. What I see are crumbs.

How about you guys?
Click to expand...

I got $111 more.
 
Glowpun said:
Hi there,

Did you guys make out like bandits under the new tax laws?

I got my paycheck and found I got $27.48 more, just enough to buy an extra fast food meal for the next two weeks. It this what the Republicans have been crowing about? It sounded like workers would get huge benefits. What I see are crumbs.

How about you guys?
Click to expand...

That's a tank of gas to get to work on.
 
Glowpun said:
How about you guys?
Click to expand...

I'll make out an additional $2.5K in income taxes. I don't know how my investments will fair - I haven't looked.

It angers me, though. That reduction in taxes is not a lot. I'd much prefer to not have that additional money if it meant that other Americans did not have tax cuts either. My $2.5K won't rebuild a bridge or fix a budget constrained school, but everyone's $2.5K together would.
 
Glowpun said:
Hi there,

Did you guys make out like bandits under the new tax laws?

I got my paycheck and found I got $27.48 more, just enough to buy an extra fast food meal for the next two weeks. It this what the Republicans have been crowing about? It sounded like workers would get huge benefits. What I see are crumbs.

How about you guys?
Click to expand...

Give it back if it bothers you so much.
 
brothern said:
I'll make out an additional $2.5K in income taxes. I don't know how my investments will fair - I haven't looked.

It angers me, though. That reduction in taxes is not a lot. I'd much prefer to not have that additional money if it meant that other Americans did not have tax cuts either. My $2.5K won't rebuild a bridge or fix a budget constrained school, but everyone's $2.5K together would.
Click to expand...

If you could be sure the money would be spent the way you expected.
 
I quit my last job over 13 months ago :mrgreen: so, I have no idea ........ :peace ..........
 
brothern said:
I'll make out an additional $2.5K in income taxes. I don't know how my investments will fair - I haven't looked.

It angers me, though. That reduction in taxes is not a lot. I'd much prefer to not have that additional money if it meant that other Americans did not have tax cuts either. My $2.5K won't rebuild a bridge or fix a budget constrained school, but everyone's $2.5K together would.
Click to expand...

Send it to charity then. And just so you know, that $2.5K you are getting isn't going to take a penny form any of the things you listed.
 
Fletch said:
Wow. Didn't see that coming.... lol
Click to expand...

I worked 2 weeks out of the past 19 months :2razz: ........... it's been fun :mrgreen: ..........

one of these days I'm gonna have to go looking for work :shock: ........ maybe ..........
 
cuban smokes said:
I worked 2 weeks out of the past 19 months :2razz: ........... it's been fun :mrgreen: ..........

one of these days I'm gonna have to go looking for work :shock: ........ I'm waiting for the nuclear war tho' ..........
Click to expand...

How do you survive?
 
when were the increases supposed to start? my checks are all the same until February. current check is fifty bucks or so higher. i hope that they don't pay for it by ****ing around with my Social Security and Medicare benefits, because if that's the case, it's definitely not worth it.
 
Helix said:
when were the increases supposed to start? my checks are all the same until February. current check is fifty bucks or so higher. i hope that they don't pay for it by ****ing around with my Social Security and Medicare benefits, because if that's the case, it's definitely not worth it.
Click to expand...

I do my payroll through PNC and the adjustments started last week. So if you got an extra fifty that is probably what you can expect for the rest of the year. And no there were no adjustments to SS.
 
I pay my estimated taxes every quarter but according to my accountant, yeah, I’ll save a big chunk of cash. I’ll either reinvest it or give it to our charity.
 
Helix said:
when were the increases supposed to start? my checks are all the same until February. current check is fifty bucks or so higher. i hope that they don't pay for it by ****ing around with my Social Security and Medicare benefits, because if that's the case, it's definitely not worth it.
Click to expand...

but, it all ends in a few years, for US little guys that is ......... not for the big corporate entities tho' ........... and the deficit keeps BALLOONING ........
 
Fletch said:
I do my payroll through PNC and the adjustments started last week. So if you got an extra fifty that is probably what you can expect for the rest of the year. And no there were no adjustments to SS.
Click to expand...

ok, thanks! good to know.
 
cuban smokes said:
but, it all ends in a few years, for US little guys that is ......... not for the big corporate entities tho' ........... and the deficit keeps BALLOONING ........
Click to expand...

neither side will let it expire, IMO. we are probably going to hit a point when taxes absolutely have to go up, though. i don't envy the party that's in charge when that happens.
 
I'll get about an extra 60 dollars a month. It's something, I guess. Thank goodness they didn't go after healthcare though. If they removed the EHB requirements, my costs would have skyrocketed.
 
holbritter said:
That's a tank of gas to get to work on.
Click to expand...

Yeah, one or two tanks of gas a month is not worth the cost of worrying if the next Congress will go after healthcare and annihilating the services people receive and service providers can or may soon be providing (workers such as myself) due to "needing to get the debt controlled."

https://www.washingtonpost.com/news/wonk/wp/2017/12/01/gop-eyes-post-tax-cut-changes-to-welfare-medicare-and-social-security/?utm_term=.d501a62d3343
 
Glowpun said:
Hi there,

Did you guys make out like bandits under the new tax laws?

I got my paycheck and found I got $27.48 more, just enough to buy an extra fast food meal for the next two weeks. It this what the Republicans have been crowing about? It sounded like workers would get huge benefits. What I see are crumbs.

How about you guys?
Click to expand...

So that is 27.48 per check. Which means an extra 400 bucks a year or more.
 
brothern said:
I'll make out an additional $2.5K in income taxes. I don't know how my investments will fair - I haven't looked.

It angers me, though. That reduction in taxes is not a lot. I'd much prefer to not have that additional money if it meant that other Americans did not have tax cuts either. My $2.5K won't rebuild a bridge or fix a budget constrained school, but everyone's $2.5K together would.
Click to expand...

If you don't like it you are free to give it back. I can get you the link if you want.
 
Helix said:
when were the increases supposed to start? my checks are all the same until February. current check is fifty bucks or so higher. i hope that they don't pay for it by ****ing around with my Social Security and Medicare benefits, because if that's the case, it's definitely not worth it.
Click to expand...

Most of them are supposed to start in February. It will depend on your company or payroll company.
 
Fletch said:
Give it back if it bothers you so much.
Click to expand...

I’ll give my refund back when you give yours back to build a wall. If you want the wall send in your own money for it.
 
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