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Thread: Tax Bill Calculator: Will Your Taxes Go Up or Down?

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    Tax Bill Calculator: Will Your Taxes Go Up or Down?

    Well, you just can't trust the NY Time to give honest answers. So they produced a simple interactive chart so you can see for yourself how badly you are being screwed by the Republicans! Easy- peasy!

    This chart shows how the bill would affect 220,000 real households. Answer the questions below to find the ones like yours. (The calculator covers only personal taxes. Business owners and investors could also benefit from corporate tax cuts.)
    https://www.nytimes.com/interactive/...alculator.html
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    Re: Tax Bill Calculator: Will Your Taxes Go Up or Down?

    Mine will remain zero.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Tax Bill Calculator: Will Your Taxes Go Up or Down?

    Quote Originally Posted by chuckiechan View Post
    Well, you just can't trust the NY Time to give honest answers. So they produced a simple interactive chart so you can see for yourself how badly you are being screwed by the Republicans! Easy- peasy!

    https://www.nytimes.com/interactive/...alculator.html
    Supposedly getting a $760 cut, and I don't want it. $760 split over 24 pay periods works out to about $31 dollars every two weeks. That's nothing. I might buy a nicer bottle of bourbon with it, but not more of it. This will result in no meaningful change whatsoever in my quality of life, nor will I create any jobs with it. Meanwhile this will drive massive deficits, and then Republicans will try and use those deficits as an excuse to make cuts to welfare, foodstamps, education, and subsidies for health care and programs like CHIP.

    I will happily pay an extra $760 per year to make sure millionaires and billionaires aren't getting more giveaways, and that these programs stay in place. If Republicans wanted to do something that would truly benefit me they'd eliminate student loan debt instead of getting rid of the tax credits I receive for the interest I'm paying on it.

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    Re: Tax Bill Calculator: Will Your Taxes Go Up or Down?

    I'm coming in at $2.5K tax cut. I'm not happy either, which is ridiculous. (Only in 2017, hey?) The bill impacts the budget by significantly lowering revenues, meaning there's less resource available to the Feds for what (I feel) should be bigger priorities: addressing aging infrastructure, health insurance & education subsidies, research, etc.

    The action would be desirable during an economic slowdown as it allows consumer spending and investing to increase. But we're not facing an economic slowdown, there's no scarcity of capital, and there's no real reason to do this at this time. Therefore a bunch of Americans are getting back money in taxes where the cost is just going to be crappier service from government.
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    Re: Tax Bill Calculator: Will Your Taxes Go Up or Down?

    Christ.
    Extraordinary claims require extraordinary evidence everywhere but here
    Trump is here because we made an existential bad bargain with China
    1975 was the last time the US had a positive trade balance.
    American students want to be "happy". Chinese students want to rule the world.

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    Re: Tax Bill Calculator: Will Your Taxes Go Up or Down?

    Quote Originally Posted by MrWonka View Post
    Supposedly getting a $760 cut, and I don't want it. $760 split over 24 pay periods works out to about $31 dollars every two weeks. That's nothing. I might buy a nicer bottle of bourbon with it, but not more of it. This will result in no meaningful change whatsoever in my quality of life, nor will I create any jobs with it. Meanwhile this will drive massive deficits, and then Republicans will try and use those deficits as an excuse to make cuts to welfare, foodstamps, education, and subsidies for health care and programs like CHIP.

    I will happily pay an extra $760 per year to make sure millionaires and billionaires aren't getting more giveaways, and that these programs stay in place. If Republicans wanted to do something that would truly benefit me they'd eliminate student loan debt instead of getting rid of the tax credits I receive for the interest I'm paying on it.
    What jobs were you going to create if you got a larger tax cut?
    It's not "tolerance" if you already approve of what you purport to "tolerate."

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    Re: Tax Bill Calculator: Will Your Taxes Go Up or Down?

    Quote Originally Posted by MrWonka View Post
    Supposedly getting a $760 cut, and I don't want it. $760 split over 24 pay periods works out to about $31 dollars every two weeks. That's nothing. I might buy a nicer bottle of bourbon with it, but not more of it. This will result in no meaningful change whatsoever in my quality of life, nor will I create any jobs with it. Meanwhile this will drive massive deficits, and then Republicans will try and use those deficits as an excuse to make cuts to welfare, foodstamps, education, and subsidies for health care and programs like CHIP.

    I will happily pay an extra $760 per year to make sure millionaires and billionaires aren't getting more giveaways, and that these programs stay in place. If Republicans wanted to do something that would truly benefit me they'd eliminate student loan debt instead of getting rid of the tax credits I receive for the interest I'm paying on it.
    Then feel free to donate your $760 per year to the government, if it's not worth it to you.

    I agree that taxes should be spent on those things government is supposed to focus on, defense, infrastructure, justice, etc.

    I personally would like to see major cuts in all sorts of government spending, and the best way to do that is reducing the amount of money the government takes in to spend.

    It is only a first step. The next involves reductions in both deficit spending and commensurate borrowing from the Federal Reserve.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

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    Re: Tax Bill Calculator: Will Your Taxes Go Up or Down?

    Quote Originally Posted by ttwtt78640 View Post
    Mine will remain zero.
    My wife also gets paid in cash, lol...I'm not so lucky, but I do make WAY more than she does.
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    Re: Tax Bill Calculator: Will Your Taxes Go Up or Down?

    Quote Originally Posted by MrWonka View Post
    Supposedly getting a $760 cut, and I don't want it. $760 split over 24 pay periods works out to about $31 dollars every two weeks. That's nothing. I might buy a nicer bottle of bourbon with it, but not more of it. This will result in no meaningful change whatsoever in my quality of life, nor will I create any jobs with it. Meanwhile this will drive massive deficits, and then Republicans will try and use those deficits as an excuse to make cuts to welfare, foodstamps, education, and subsidies for health care and programs like CHIP.

    I will happily pay an extra $760 per year to make sure millionaires and billionaires aren't getting more giveaways, and that these programs stay in place. If Republicans wanted to do something that would truly benefit me they'd eliminate student loan debt instead of getting rid of the tax credits I receive for the interest I'm paying on it.
    You are quite free to write a $760 (or more) check to the US treasury if you feel that the added revenue will prevent cuts in vital federal programs.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Tax Bill Calculator: Will Your Taxes Go Up or Down?

    Quote Originally Posted by MrWonka View Post
    Supposedly getting a $760 cut, and I don't want it. $760 split over 24 pay periods works out to about $31 dollars every two weeks. That's nothing. I might buy a nicer bottle of bourbon with it, but not more of it. This will result in no meaningful change whatsoever in my quality of life, nor will I create any jobs with it. Meanwhile this will drive massive deficits, and then Republicans will try and use those deficits as an excuse to make cuts to welfare, foodstamps, education, and subsidies for health care and programs like CHIP.

    I will happily pay an extra $760 per year to make sure millionaires and billionaires aren't getting more giveaways, and that these programs stay in place. If Republicans wanted to do something that would truly benefit me they'd eliminate student loan debt instead of getting rid of the tax credits I receive for the interest I'm paying on it.
    If you don't want it, let me have it ... I'll send you my paypal address ...

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