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Tax cut wasn't really a tax cut

BarnyardEngineering

BarnyardEngineering

Well-known Member
Location
Rochester, NY
Got my day job W2 yesterday and started plugging things into Turbotax. Initial numbers on my refund is about 1/2 what I got last year.

Nothing changed for me from 2017 to 2018. Same salary. Same mortgage payment. Same pretax expenses, such as healthcare, 401K, etc..

After the supposed "tax cut," I was getting more in each paycheck. The additional amount I got in my paycheck is about the amount that I won't be getting back as a refund.

All they did was play games with the withholding!

Anybody else noticing similar results?
 
The tax cut was for the top 3 or 4 % of the richest. They really need it so they can increase the numbers of workers and redistribute the welth downward in the
economy. NOT. Jim
 

It sounds like you got to have it rather than the gov holding it for you.

I have not gotten all my docs yet, maybe start the taxes next week.
 
I think the only way to tell if you got a real tax reduction is to compare what you finally paid last year to this year. A refund is subject to what was withheld and I've heard stories about withholding and the tables used for it. TurboTax should tell you what your total tax bill for last year was and compared to this year.
 
(quoted from post at 11:16:56 01/30/19) Got my day job W2 yesterday and started plugging things into Turbotax. Initial numbers on my refund is about 1/2 what I got last year.

Nothing changed for me from 2017 to 2018. Same salary. Same mortgage payment. Same pretax expenses, such as healthcare, 401K, etc..

After the supposed "tax cut," I was getting more in each paycheck. The additional amount I got in my paycheck is about the amount that I won't be getting back as a refund.

All they did was play games with the withholding!

Anybody else noticing similar results?
Click to expand...

Of course it wasn't. The tax cut went to the top 0.1% and the voters got a turd sandwich. As always.

Donnie tried to promise a middle class cut two weeks before the election, but it was all for naught. It takes a pretty slow fella to not yet realize the man lies constantly.
 
haven't figured mine out yet but my impression is, the main thing they did was take away a lot of deductible item and increase the standard deduction. If you weren't itemizing or were only itemizing a little bit more than the old standard deduction, your gonna save a lot. if you were itemizing a lot of deductions you may come out about the same.
 
It's a little unfair comparison for me
because I'm not longer paying the
external_link self employed tax which cost me
$3,000 a year, but looks like I'll be
several thousand better off this year
based on taxes paid, that is in spite
of making more money this year. We
forgot to give the farm purchase stuff
to the tax lady so we wont have the
final number til she gets that stuff
entered in. But I'm pretty sure I'm not
in the top .1%
 
No place for this post. But since you brought it up, pelousey, Bernie Fife, wore out old schoemer, lizzard
Warren, the richest crooks in Congress are taking full advantage of these tax cuts and bellyaching aabout
them. Did you have a tax pro look at your taxes. I'm getting an additonal $3000.00 back because of those
supposed non tax cuts.
 
Jon that?s because external_link and the communists party doesn?t want you to work or think for yourself not as easy to control the people if they?re not living of the government
 
I always read that using the IRS for a savings account was financially foolish. Not one President has ever "GIVEN" me any money. gobble
 
I look at hundreds of tax returns in the course of tax season and most of those are middle class by anyone's standards. We have not actually started processing 2018 tax returns as the deadline for form submissions is not at hand yet and we hate to do them twice. When I did 2017 returns I did a projection on every return. Several hundred middle class wage earners and almost all of them saw a reduction in actual tax for 2018. Refund is meaningless. The withholding tables were changed to accommodate the new law so you must look at total tax assessed, not refund.

Sad that even the tractor forums has to be so divisive. This thread is clearly not about taxes but a back door attempt at a political attack. I will tell you that I detest the new code. No details, no attacks on the president, just don't like the changes.

Barnyard, if you email me those two years tax returns I will be happy to explain the difference to you. No charge.

Dave H (MI CPA)
 
Dave: So what do you think of Turbo Tax for someone who really just has the basic income from a job ?
also my 26 year old son was not able to work and get any income last year at all. Not able to get disability either. I figure he still needs to file ?
 
Looks like this might be another bad year for me. I will be getting money back in a tax refund. I rather pay $1,000 or so each year. An
interest free load from the government is always appreciated.
 
(quoted from post at 15:20:43 01/30/19) I look at hundreds of tax returns in the course of tax season and most of those are middle class by anyone's standards. We have not actually started processing 2018 tax returns as the deadline for form submissions is not at hand yet and we hate to do them twice. When I did 2017 returns I did a projection on every return. Several hundred middle class wage earners and almost all of them saw a reduction in actual tax for 2018. Refund is meaningless. The withholding tables were changed to accommodate the new law so you must look at total tax assessed, not refund.

Sad that even the tractor forums has to be so divisive. This thread is clearly not about taxes but a back door attempt at a political attack. I will tell you that I detest the new code. No details, no attacks on the president, just don't like the changes.

Barnyard, if you email me those two years tax returns I will be happy to explain the difference to you. No charge.

Dave H (MI CPA)
Click to expand...
ou nailed it exactly!!!!!!!!!!!!!!!!!!!!
 
I watch my deductibles and pay in quarterly, I do not want the government "giving" me a refund and then act like it was a gift. No you paid in too much to begin with, and let them use your extra money for free DUH! I also don't want to owe them anything at the end of year. Tax account set this up two years ago, yeah I hate making quarterly payments but so far so good.
 
My tax burden went down significantly. For
the first time I can remember, this
tinkering with the tax code, the rate cut
helped me, and since I live in a no income
tax, low property tax place (TN), and I
don't have a second house note,it was win-
win for me. My single children are
benefitting from the higher standard
deduction. My friends in high tax,income
tax states up Nawth did not come out so
well.
 
Barnyard I don't know your situation but you might want to get a tax preparer or cpa to do it. I got done doing mine long ago. Too complicated and hard to keep up on. I have been satisfied although it will cost you more than doing it at home. Obviously I am talking about more than the 1040ez. As for Dave H he tries to help people on here with tax stuff.
 
Question for you Blue ..... I'm from Canada so not sure what you mean by a no-income tax state. If it is as stated, how does a tax cut help anyone that isn't paying any taxes? Maybe they send you money to live there?
 
(quoted from post at 16:40:01 01/30/19) Question for you Blue ..... I'm from Canada so not sure what you mean by a no-income tax state. If it is as stated, how does a tax cut help anyone that isn't paying any taxes? Maybe they send you money to live there?
Click to expand...
is key word was STATE. He still lives in the USA.
 
C. H., what he's saying about the "no income tax state", everyone pays "federal income tax" (well, most do).

But not everyone pays "state income tax", depends what state you live in.

Some states are funded with sales tax and other taxes.

Some states collect state income tax, and other taxes

It's very confusing, give here, take there, shuffle these numbers, deduct this but not that... Not intended to be understood by the general public.
 
What were your total taxes?

Your refund should not have gone up with the tax cut - new tax tables went out to lower the amount of withholding for the new lower rates.
 
I do not care for TT. When they first came out I was a young company and growing about 100-150% a year. Following year growth dropped to less than 5% and I have been lucky to keep the tax practice going. With the death of phone books and other traditional advertising, I have only one source of new clients now and that is referrals. Fortunately I have an extremely good reputation...people tell me that all the time...so I get a lot of referrals. I think TT gives you nothing but sheets of paper and they know it. That is why they started hyping that they have "live CPA's" ready to help you. They offered me that job many years ago and I turned it down. They really only offer you sheets of paper in return for your money. A good local preparer will take the time to learn about you and your family and will help you in many ways that TT never can or will. But if you have a really simple return...at least go to HRB. They are in your community promoting the local economy. I will tell you though...the local HRB charges more than I do.
 
Actually everyone that paid taxes got a tax cut. Unless you are one of those people that doesn't understand math. Even the people in the lowest tax bracket got a tax break with the doubling of the standard deduction and the personal exemption turning into a $2000 tax credit.


Doubling the standard deduction helped me a lot - most of my deductions were state taxes - when they got added back in to figure my state return I was getting hosed - but I couldn't itemize on my federal and take the standard on my state return.




2018 federal income tax brackets
(for taxes due in April 2019)
Expand the filing status that applies to you.
Single filers

Tax rate
Taxable income bracket
Tax owed
10% $0 to $9,525 10% of taxable income


12% $9,526 to $38,700 $952.50 plus 12% of the amount over $9,525

22% $38,701 to $82,500 $4,453.50 plus 22% of the amount over $38,700

24% $82,501 to $157,500 $14,089.50 plus 24% of the amount over $82,500

32% $157,501 to $200,000 $32,089.50 plus 32% of the amount over $157,500

35% $200,001 to $500,000 $45,689.50 plus 35% of the amount over $200,000

37% $500,001 or more $150,689.50 plus 37% of the amount over $500,000



Single Taxable Income Tax Brackets and Rates, 2017 Rate
Taxable Income Bracket
Tax Owed

10% $0 to $9,325 10% of Taxable Income

15% $9,325 to $37,950 $932.50 plus 15% of the excess over $9,325

25% $37,950 to $91,900 $5,226.25 plus 25% of the excess over $37,950

28% $91,900 to $191,650 $18,713.75 plus 28% of the excess over $91,900

33% $191,650 to $416,700 $46,643.75 plus 33% of the excess over $191,650

35% $416,700 to $418,400 $120,910.25 plus 35% of the excess over $416,700

39.60% $418,400+ $121,505.25 plus 39.6% of the excess over $418,400
 
If you got a refund of $1000 if you had instead invested that in the market throughout the year you would probably have about $700 in your account right now.
 
I am far from a top wage earner. The new tax law helped me keep about $3500 that went to taxes last year.

Second: I have found that a good local CPA that specializes in tax returns earns every single dime you pay them and more.

My youngest brother thought that his taxes where simple enough he could do them with Turbo Tax. He bragged every year to me how much money I was throwing away having a CPA do mine. Finally I told him to get me his last two years tax paperwork. I would give them to my CPA and pay for him to figure his taxes. In just those two years Turbo tax "missed" over $4000 worth of deductions he was eligible for. He had the CPA figure back the last 3 years he had files. Turbo Tax cost him over $5000 in missed deductions for just the three years. He now pays my CPA the $500 a year he charges and never says a word about the cost. LOL
 
Actually I think its only about 50% of the people pay any Federal Income Taxes at all,so to be truthful only half the people benefit directly from a tax cut from the get go(LOL)
 
Tennessee has no state income tax and no state property tax. We do have county and local property taxes. We have a very high sales tax at 9.75%. I'm OK with the sales tax, because it is tough to evade and you can avoid it by not purchasing things-saving your money instead. For local farmers like me, there is no sales tax on food grown and sold in Tennessee.
 
Don't compare refund, compare total tax paid.

A refund is not free money from Uncle. A refund means you gave the government an interest free loan.
 
But don't you feel much better since you gave millionaires and billionaires HUGE tax cuts? Wait for it...?. it will "trickle down!"
 
OK, I get it. Up here there is federal income tax, plus a federal 5% general sales tax on most things you buy (some things are exempt like most groceries, etc). There is a provincial (like your state) income tax. Most provinces (but not here in Alberta) also have a sales tax of their own. I think we are the only province without a sales tax.
 
(quoted from post at 18:48:04 01/30/19) But don't you feel much better since you gave millionaires and billionaires HUGE tax cuts? Wait for it...?. it will "trickle down!"
Click to expand...
robably a REAL SAFE bet that they paid a lot more than you did!
 
(quoted from post at 11:45:42 01/30/19) haven't figured mine out yet but my impression is, the main thing they did was take away a lot of deductible item and increase the standard deduction. If you weren't itemizing or were only itemizing a little bit more than the old standard deduction, your gonna save a lot. if you were itemizing a lot of deductions you may come out about the same.
Click to expand...

I've just done a first pass at my taxes, and this appears to be what I'm seeing. I have large, complex taxes, with a lot of deduction schedules. I'm noting that some of the floor deductions on previous years have been raised, and that some deductions have been phased out. For example, rental sale depreciation recapture has been changed since 2018. Not sure of all the affects right now, but it looks like it might all be a wash, or a very slight decline of tax burden.
 
I hate to get into this, but obviously the tax cuts were for the wealthy and corporations but many other folks will benefit. I don't want to pay taxes either. However there is always that national debt. The biggest breaks now go to the richest. What happens later. Remember, ' no new taxes '. We have added 2 trillion more to debt since the GOP and DJT took control. Tax cuts did not pay for themselves anymore than Mexico is paying for the wall. While some of us are getting $1000 the big boys are getting millions. Some of you may be in that category, don't blame you for looking after your own interest.
 
I do feel Better that they got a big tax cut, leaves more money for them to invest so unemployment goes down and my wages go up. I'm expecting a big raise soon when my next review comes due to the shortage of people to work, largely because of the tax breaks that rich people got.
 
(quoted from post at 13:20:33 01/30/19) The tax cut was for the top 3 or 4 % of the richest. They really need it so they can increase the numbers of workers and redistribute the welth downward in the
economy. NOT. Jim
Click to expand...

The top 1% of income earners paid 39.4 % of all taxes paid.

The top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined.

Top 50% of tax payers paid 97.3% of all taxes paid.

Because the US was taxing foreign made profits at an unrealistic rate, in addition to the taxes they had already paid in those overseas countries, many companies were moving headquarters out of this country. It had become MUCH cheaper to operate out of the US due to heavy taxes, so they did. It made overseas owned companies have a huge advantage over US owned companies in the same markets. Recent tax law changes fixed this so now a US owned company with overseas branches can stay in America. SO yes, those companies who were paying taxes twice, got relief as even the demo crats realized that killing the goose that lays the golden egg is NOT a good ideal. Continue to vote for bigger government and irresponsible spending, will always cost you more money.
 
(quoted from post at 11:20:33 01/30/19) The tax cut was for the top 3 or 4 % of the richest. They really need it so they can increase the numbers of workers and redistribute the wealth downward in the
economy. NOT. Jim
Click to expand...

I respect your opinions immensely, Jim. But I disagree on this subject. The numbers are pretty easy to find. I believe the Pew Research Center is nonpartisan like they claim.

According to them,

People reporting over $250,000 income filed 2.7% of the returns filed. They paid 51.6% of income taxes paid to the government. Their average tax rate was 25.7%. That group will include a lot of posters here.

People reporting less than $50,000 income filed 62.3% of the returns filed. They paid 5.7% of income taxes paid to the government. Their average tax rate was 4.3%.

Those in the middle, between $50,000 and $250,000 filed 35% of the returns and paid 42.7% of income taxes.

So the top 3% paid over half the taxes. The next 35% paid 42% of the taxes, and a the bottom 62% paid less than 6% of total taxes.

If you try to stimulate the economy it is pretty hard to give money to 62% of the population. A lot of them already get tax refunds in excess of their withholding. Giving them more doesn't do much but bring more consumer goods from China.

If you look at all people reporting over $100,000 per year, that is 16% of the filers, and they paid 79.4% of income taxes. If you make over $100,000 per year are you rich? I think lots of folks making a little over $100,000 per year are seeing a tax cut.

http://www.pewresearch.org/fact-tan...-pay-most-income-taxes-but-enough-to-be-fair/
 
The wealthy's tax cut probably equals what the tariff has cost us. I just hope my new year resolution come true sooner that later, that we see impeachments and jail terms by the dozens. Nixon made me change but he looks like a choirboy compared to what we have now.
 
Plus to stimulate the economy the tax cuts need to go to people and companies that are going to give someone a job.Most everyone in the lower 90% of the taxpayers are getting more from the Federal gov't than they are putting in,especially since about 1/3 of the Federal Budget is paid for with borrowed money.
 
(quoted from post at 12:20:43 01/30/19) I look at hundreds of tax returns in the course of tax season and most of those are middle class by anyone's standards. We have not actually started processing 2018 tax returns as the deadline for form submissions is not at hand yet and we hate to do them twice. When I did 2017 returns I did a projection on every return. Several hundred middle class wage earners and almost all of them saw a reduction in actual tax for 2018. Refund is meaningless. The withholding tables were changed to accommodate the new law so you must look at total tax assessed, not refund.

Dave H (MI CPA)
Click to expand...

I am a CPA as well and I also did a tax projection for EVERY client assuming the exact same tax situation to see how the TCJA would affect them. I also saw about 95% of tax returns were a reduction in total tax. The thing that hurt most for some people and why their taxes will go up is the loss of itemized deductions limited to 2% of income such as investment fees. Lower income individuals with higher investment fees got wacked on this one.

I will also agree that the wealthy will generally have a much larger reduction in tax. I have some business owner clients that passed some of this on to their employees and others that haven't.
 
What I don't get is everyone I know who actually earns enough to pay in and not get everything back or maybe even more who have already completed their returns are saying their overall taxes went down on average of 2,000 to 3,000 a year.

Look at it. Put it simple. Say 10%. Reduce everyone's taxes 10%. Guy who normally pays 1 million now pays 900,000. Someone who pays 100,000 now pays 90,000 and someone who paid 100 new tax burden is 90. And if you are real honest when should someone be punished for being successful? That's what a tax code that charges a different percentage for different income levels is. I't punishing someone for being successful. And then we reward underachievers and the lazy by giving then earned income and child care credits that see some of them get 2 maybe 3 grand back more than was withheld. No one else besides me sees a problem with this? We are going to let a couple who neither one is willing to work a full time job have welfare, a SNAP card, free breakfast and lunch at school for the kiddies, rent assistance, medicaid and heat assistance then give then a couple of thousand dollars extra at the end of the year? WHAT ARE WE THINKING! Supporting this with a punitive tax system for the hard working and successful folks?

IMO we should go to a flat tax. No refunds. They say 10 or 11 % to everyone would be more than enough to fund the government and reduce the deficit. And it would be fair. Everyone would pay the exact same percent of their income.

Ain't nothing evil or wrong with rich people. When was the last time any of you were given a job, full time with bennies by a poor person?

Rick
 
The best money you can spend is for a good CPA and Attorney. They will save you far more than the cost to use their services. I am talking about a good CPA, not
the "tax expert" you see in a Kiosk at Wal Mart. JD is absolutely right, I have had the same results for 50 years.
 
I don't really want to take this thread in a new directions, but the media, and the govt are playing the citizens of the nation with the focus on taxation. We have been bamboozled to specifically NOT look at expenditures, or the outflow side of the ledger, and our kids are going to pay the price.

The stone cold fact is that one way or another - the US at some near time in the future will be forced to balance its budget. Either our own representatives will do it voluntarily(very unlikely) or our creditors will shut down our ability to borrow, and my friends - that will be the end of that. Our currency will fiat in a matter of weeks, hyper-inflation of the dollar, the benchmarks for oil, gold, and other precious metals will be released from the dollar and will find a new currency(the Euro? yikes!).

There is no one in or near govt which is looking at, talking about, or doing anything about cutting our spending. We just lost 800,000 empl for a month, and very few people outside of the beltway even noticed. The govt does so many things that are 'non-essential' it's felonious. The very idea that govt collects taxes, and then gives it to our enemies makes my blood boil. Also, failure to pay those taxes will result in fines, and eventually incarceration, which is so unfair as to be totalitarian.

I'm done, sorry
 
a friend of mine once said we need to have a revolution , I laughed and ask him are you willing to lose every thing you own, your home cars income, your freedom , your citizenship he said no, until you have nothing left to lose there will be no change , AND THEY KNOW IT
 
well those city snap recipients don?t
have a fleet of john deere?s and they don?t
own a high rise , and they don?t have
land assets either , and they don?t get
grain subsidies, and they don?t get paid
to leave the land in CPR either . And even
though the tariffs have impacted everyone
the snap recipients didn?t get a hand up
like the farmers either . The point is that
everyone falls on hard times . And those
who need a hand up expect a hand up .
Because at one point in their life they
contributed to nation . Things are messed
up with wages and taxes . The poor are not
to blame for everything , And if they could
earn a living wage , they would also be more taxes
withheld . The problem is that simple , The
rich cannot expect the poor to pay more
tax on such low wages . Any how, who
created the poor? who set the standard of living
for the poor ?
 
I'd say you nailed the situation exactly right,but almost no one is giving a Hoot in these days of made up easy money.But as you say a day of reckoning is coming just as sure
as the Sun comes up in the East.
 
As doc described with a monetary collapse what you described is what could happen.Can you imagine the chaos if tomorrow you woke up and the 'money' people have so put their Faith in
had no value? It happened to my family after the Civil War, after the War was over the paper money they held from CSA had Zero value.At least physical assets will have some value some a lot of value depending on what they are used for.
 
(quoted from post at 23:08:32 01/30/19) well those city snap recipients don?t
have a fleet of john deere?s and they don?t
own a high rise , and they don?t have
land assets either , and they don?t get
grain subsidies, and they don?t get paid
to leave the land in CPR either . And even
though the tariffs have impacted everyone
the snap recipients didn?t get a hand up
like the farmers either . The point is that
everyone falls on hard times . And those
who need a hand up expect a hand up .
Because at one point in their life they
contributed to nation . Things are messed
up with wages and taxes . The poor are not
to blame for everything , And if they could
earn a living wage , they would also be more taxes
withheld . The problem is that simple , The
rich cannot expect the poor to pay more
tax on such low wages . Any how, who
created the poor? who set the standard of living
for the poor ?
Click to expand...


AH but a lot of those folks you defend are where they are at and the only opportunity they themselves make to improve their situation is to buy a "Power Ball" ticket because of life choices they made and continue make. You see most of us live in the USA. There are no bars to success. Here you can be born dirt poor and you can work your way out of it. But you have to work at it. First you have to work at getting an education or becoming a musical or athletic super star. The you have to work to keep it. There are no bars keeping you a peon for life. It's choices you make.

It's proven if you are poor growing up that if you do 3 things you will be better off financially than your parents. 1: Finish school. 2: Get a job and 3: don't have babies until after you complete 1 and 2.

Who made em poor? Their parents because they too made poor life choices. Do the rich benefit because of the poor? Sure but not because they are exploited! Sense people started paying other to do things for them they paid the grunts doing mindless manual labor less than they paid someone doing skilled labor. That's true even today. You get paid what you are worth. Young? No education? No work experience? You get paid the lowest. Older? No education? You are still not going to get paid much. That's the way it works and that's the incentive to do better. To learn a skill. And not only is there no stopping you there are grants and student loans to help you achieve more! And the CEP program too!

Rick
 
YEAH LET THEM EAT CAKE oldtanker. Not everyone can be rich if they could everyone would be. Not everyone
is given the same chances no matter what they have learned or know. I have known very Intelligent men who
were very ignorant, and unintelligent men who were smart. What matters most is how you treat your fellow
man.... You can pay them to live like a slave or like a freeman. Your choice Do what is in your heart,
But remember what you do and say always reflects who you are and what will become of you. I can not judge
but others will.
 
Yep no matter how a person was raised once they are out on their own its up them and their responsibility as to how much a success or failure they become in life.
Different people measure success in different ways and that's the way it should be but don't be jealous of what someone else has achieved because they made better choices then you did.
 
It's proven if you are poor growing up that if you do 3 things you will be better off financially than your parents.

1: Finish high school.

2: Get a job and

3: don't have babies until after you are married

4: Stay off drugs.




If you do those 4 things and are of decent health you are almost 100% assured you will join the middle class with the house, car and 2 kids.
 
(quoted from post at 22:00:01 01/31/19) Where did you stand with the debt increases the past administration added up?
Click to expand...

Don't just blame the past administrations for the debt increases, Lets not overlook Bush 2 and his debts increases. Some of his increases went in to affect after he was out of office and the next guy took the blame for them.

Pointing your finder at one party does not solve anything as the other party is just as crooked.
 
Don't just blame the past administrations for the debt increases, Lets not overlook Bush 2 and his debts increases. Some of his increases went in to affect after he was out of office and the next guy took the blame for them.

Pointing your finder at one party does not solve anything as the other party is just as crooked.
Click to expand...

this is quite sadly true. It goes back primarily to Reagan. He spent like a drunken sailor, but the good news is in doing so, he BK'd the Soviets, and we ended the cold war(during Bush I, but Reagan did the heavy lifting). What should have happened during Clinton was to balance the budget on the 'peace' dividend. He did, for one year, then everyone in congress suddenly had their hand out for pork, and Clinton obliged. From then on, it's been a feeding frenzy. Clinton is most to blame, he had it under control, and let the fault carry on in his later admin. Following that, it was just out of control.

But, like I said, one way or another - eventually the US WILL have a balanced budget. The worst part of it is that it will only come with the destruction of the US currency, and the financial markets in NY and CHI. I only hope it doesn't collapse until I'm dead.
 
Don't blame the politicians they are just giving the people the 'Free Stuff' they demand or think they 'deserve'.If you get a check from the Gov't you,me and everyone else that gets one is
the basis of the problem.Any politician that tries to cut back on anything these days is dead meat at the next election.So if Americans want to know who to blame for out of control
spending look no farther than the closest mirror.
 
The largest thing I see with the new laws is why donate? The deduction is now gone with the new 25k or whatever it is standard deduction per couple. Also refunds more than people paid in are just absurd. Wife and I are 40 years old with no kids with great jobs. You want to talk about getting bent over on taxes..why should we cover the irresponsible??
 

Standard deduction was increased. Child care deduction was increased. Tax rates were decreased. If you can't figure out how to keep more of your money now then you need serious help. This cut is real and benefits the vast majority of Americans.
 
Crazy Horse there are about 7 of the 50 (or Obammmmys 57) states that do not collect a State Income Tax, they just get their money from other taxes.
 
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