Anyone else's taxes go up?

Discussion in 'General Discussion' started by Utumno, Feb 11, 2019.

  1. Utumno

    Utumno Administrator Staff Member

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    Wife just did ours. Fed taxes WAY up, we owe like $2.6k. State still gets as a (tiny) return, much less than prior years.

    THANKS GOP! EVERYTHING IS GREAT AGAIN!
     
  2. Sear

    Sear TZT Neckbeard Lord

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  3. Jackpanel

    Jackpanel TZT Abuser

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    That has nothing to do with the tax cuts. There’s been changes made by IRS to the way taxes are withheld, so people used to getting massive refunds will come closer to breaking even. Every paycheck in 2018 would have less taxes held back and the end result is less overall taxes, but people are so used to overpaying and getting a refund that they’ll assume their taxes went up and blame the GOP.
     
  4. Bailon

    Bailon TZT Neckbeard

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    Shutup you Canuck - RAGE ON UT ! RAGE ON !
     
  5. Utumno

    Utumno Administrator Staff Member

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  6. Red

    Red TZT Neckbeard

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    Lol libcucks with their tax returns
     
  7. AgelessDrifter

    AgelessDrifter TZT Neckbeard Lord

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  8. Utumno

    Utumno Administrator Staff Member

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    I think JP is probably right tbh. Though a thing I definitely take a hit on is being able to expense home lab stuff which I use to keep current w/my job (training stuff I pay out of pocket, equipment, etc.) I guess we can't deduct that anymore.
     
  9. Chemosh

    Chemosh TZT Addict

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    Look at last year's and look at taxes. I'm betting it's on par or below last year depending on your salary
     
  10. Klerick

    Klerick I have loved some ladies, I have loved Jim Beam...

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    i'm getting a better refund this year from the feds.
     
  11. Sanlaven

    Sanlaven TZT Abuser

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    You’re better off owing a little bit of taxes than getting a refund
     
  12. Holystrife

    Holystrife What the fuck did you just try to put in my ass?

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    We didn't submit new W4's last year, so we paid a significant chunk less but actually owe this year to make up for it.
     
  13. Sanaleb

    Sanaleb TZT Addict

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  14. Holystrife

    Holystrife What the fuck did you just try to put in my ass?

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    As a poor person I benefited if I look at the overall, we paid about 3k less in taxes this year than last. It just looks like we got the dick because of the withholding fiasco.
     
  15. Kilinitic

    Kilinitic 6,000 feet beyond man and time

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    That isn’t objectively true. Peoples suboptimal financial habits and inability to save any money can play a part.
     
  16. Red

    Red TZT Neckbeard

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    Bunch of poors in this thread
     
    Sanaleb likes this.
  17. CanadaEQ

    CanadaEQ TZT Neckbeard

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    This has everything to do with the tax cuts. GOP fucked with the withholding tables to have a talking point about higher paychecks to:

    a) sell the wildly unpopular tax bill where the rich got a ton and everyone else got peanuts*
    b) buy votes in the 2018 midterms

    https://www.thenation.com/article/h...me-paychecks-to-win-support-for-the-tax-bill/


    It's good to see all the temporarily embarrassed millionaires in this thread are happy with their crumbs.


    *
    [​IMG]
     
  18. Utumno

    Utumno Administrator Staff Member

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    The best part is 2025 when the individual adjustments that made it look not-terrible expire while the corp adjustments last foreevvveeeerrrrrrrrrr

    MAGA
     
  19. Fais

    Fais TZT Abuser

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    edit...

    Nevermind I actually looked at both federal returns, I paid $2200 less taxes then on my 2017 federal return. NC & SC were roughly the same as before. I'm suprised how little federal tax we actually paid. I thought it was more then that.
     
    Last edited: Feb 12, 2019
  20. CanadaEQ

    CanadaEQ TZT Neckbeard

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    Don't you mean how little federal THEFT you paid?

    Taxes are violent theft you sheeple.