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So many reports about how the average tax refund is down from last
year. But the reports leave out the fact that the average
household tax bill has been reduced by $1,400.
Mikek
On Wednesday, April 10, 2019 at 4:44:04 PM UTC-4, amdx wrote:
So many reports about how the average tax refund is down
from last year. But the reports leave out the fact that
the average household tax bill has been reduced by $1,400.
My taxable income is up about 24k, but my taxes are down about 3k.
dcaster@krl.org wrote...
On Wednesday, April 10, 2019 at 4:44:04 PM UTC-4, amdx wrote:
So many reports about how the average tax refund is down
from last year. But the reports leave out the fact that
the average household tax bill has been reduced by $1,400.
My taxable income is up about 24k, but my taxes are down about 3k.
Good for you, passing your savings along as debt to your heirs.
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
On 10 Apr 2019 14:46:29 -0700, Winfield Hill
hill@rowland.harvard.edu> wrote:
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
Au Contraire, mon ami, President Trump led congress by the nose rings
to end the blue states' subsidies that red states were forced to pay.
A brilliant red state such as TN which has a constitutional amendment
baning state or local income taxes and according to Forbes is the 48th
cheapest state to live in has been forced for decades to subsidize the
decadent north and the west cost
dcaster@krl.org wrote...
On Wednesday, April 10, 2019 at 4:44:04 PM UTC-4, amdx wrote:
So many reports about how the average tax refund is down
from last year. But the reports leave out the fact that
the average household tax bill has been reduced by $1,400.
My taxable income is up about 24k, but my taxes are down about 3k.
Good for you, passing your savings along as debt to your heirs.
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
--
Thanks,
- Win
On 10 Apr 2019 14:46:29 -0700, Winfield Hill wrote:
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
Au Contraire, mon ami, President Trump led congress by the nose rings
to end the blue states' subsidies that red states were forced to pay.
On 4/10/2019 7:42 PM, Winfield Hill wrote:
Neon John wrote...
On 10 Apr 2019 14:46:29 -0700, Winfield Hill wrote:
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
Au Contraire, mon ami, President Trump led congress by the nose rings
to end the blue states' subsidies that red states were forced to pay.
AP FACT CHECK: Blue high-tax states fund red low-tax states
https://www.foxbusiness.com/markets/ap-fact-check-blue-high-tax-states-fund-red-low-tax-states
BTW, that's from the FOX News Network. Example:
Massachusetts paid $13,582 per person, in federal taxes.
That seems high since I see the 2015 average income was $61,032 (22.2%).
Well maybe so, because you have so many high earners paying in the 37%
bracket.
Mississippi paid $5,740 per person.
Those numbers aren't quite as bad as they look since the income of
the average Person from Miss is 58% of that of the person from Mass.
And isn't spreading the wealth what you lean toward?
That seems high since I see the 2015 average income was $61,032 (22.2%).Neon John wrote...
On 10 Apr 2019 14:46:29 -0700, Winfield Hill wrote:
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
Au Contraire, mon ami, President Trump led congress by the nose rings
to end the blue states' subsidies that red states were forced to pay.
AP FACT CHECK: Blue high-tax states fund red low-tax states
https://www.foxbusiness.com/markets/ap-fact-check-blue-high-tax-states-fund-red-low-tax-states
BTW, that's from the FOX News Network. Example:
Massachusetts paid $13,582 per person, in federal taxes.
Those numbers aren't quite as bad as they look since the income ofMississippi paid $5,740 per person.
Massachusetts received 83 cents in federal spending for
tax every dollar the state sent to Washington, and
Mississippi received $2.13 for every tax dollar.
It's very clear who is subsidizing who.
We have a hard-working population that pays massive US
taxes, and gets little back. Our tax $$ goes to others.
These numbers were for 2015; they're much worse now.
I'm glad Florida has no income tax, but we do have 7% sales tax whereOn Wednesday, April 10, 2019 at 5:46:46 PM UTC-4, Winfield Hill wrote:
dcaster@krl.org wrote...
On Wednesday, April 10, 2019 at 4:44:04 PM UTC-4, amdx wrote:
So many reports about how the average tax refund is down
from last year. But the reports leave out the fact that
the average household tax bill has been reduced by $1,400.
My taxable income is up about 24k, but my taxes are down about 3k.
Good for you, passing your savings along as debt to your heirs.
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
--
Thanks,
- Win
In 2017 I itemized my deductions, but in 2018 the standard deduction was larger than my 2017 itemized deductions. Another item that decreased my taxes was not having to pay AMT. The increase in income in 2018 was partly increased dividend payments and partly increases in the Minimum Required Distribution from IRA's.
Now do not get too mad at me, but I really think state and local taxes should not be deductible. It isn't as if the state and local taxes reduce what the Federal Government has to spend. The state and local taxes should be used to make life more pleasant in your area.
Dan
dcaster@krl.org wrote...
On Wednesday, April 10, 2019 at 4:44:04 PM UTC-4, amdx wrote:
So many reports about how the average tax refund is down
from last year. But the reports leave out the fact that
the average household tax bill has been reduced by $1,400.
My taxable income is up about 24k, but my taxes are down about 3k.
Good for you, passing your savings along as debt to your heirs.
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
On Wednesday, April 10, 2019 at 4:44:04 PM UTC-4, amdx wrote:
So many reports about how the average tax refund is down from last
year. But the reports leave out the fact that the average
household tax bill has been reduced by $1,400.
Mikek
My taxable income is up about 24k ,but my taxes are down about 3k.
Neon John wrote...
On 10 Apr 2019 14:46:29 -0700, Winfield Hill wrote:
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
Au Contraire, mon ami, President Trump led congress by the nose rings
to end the blue states' subsidies that red states were forced to pay.
AP FACT CHECK: Blue high-tax states fund red low-tax states
https://www.foxbusiness.com/markets/ap-fact-check-blue-high-tax-states-fund-red-low-tax-states
BTW, that's from the FOX News Network. Example:
Massachusetts paid $13,582 per person, in federal taxes.
Mississippi paid $5,740 per person.
Massachusetts received 83 cents in federal spending for
tax every dollar the state sent to Washington, and
Mississippi received $2.13 for every tax dollar.
It's very clear who is subsidizing who.
We have a hard-working population that pays massive US
taxes, and gets little back. Our tax $$ goes to others.
These numbers were for 2015; they're much worse now.
On 4/10/2019 7:10 PM, dcaster@krl.org wrote:
On Wednesday, April 10, 2019 at 5:46:46 PM UTC-4, Winfield Hill wrote:
dcaster@krl.org wrote...
On Wednesday, April 10, 2019 at 4:44:04 PM UTC-4, amdx wrote:
So many reports about how the average tax refund is down
from last year. But the reports leave out the fact that
the average household tax bill has been reduced by $1,400.
My taxable income is up about 24k, but my taxes are down about 3k.
Good for you, passing your savings along as debt to your heirs.
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
--
Thanks,
- Win
In 2017 I itemized my deductions, but in 2018 the standard deduction was larger than my 2017 itemized deductions. Another item that decreased my taxes was not having to pay AMT. The increase in income in 2018 was partly increased dividend payments and partly increases in the Minimum Required Distribution from IRA's.
Now do not get too mad at me, but I really think state and local taxes should not be deductible. It isn't as if the state and local taxes reduce what the Federal Government has to spend. The state and local taxes should be used to make life more pleasant in your area.
Dan
I'm glad Florida has no income tax, but we do have 7% sales tax where
I'm at. I will concede your point on state and local taxes.
I would like to see investors get 0% tax on dividends and capital gains
at least up to a certain amount of income. I think that is the best
chance that middle America has to create a nest egg. I wouldn't be
disappointed if that certain income was $100k or under.
On 10 Apr 2019 17:42:47 -0700, Winfield Hill
hill@rowland.harvard.edu> wrote:
Neon John wrote...
On 10 Apr 2019 14:46:29 -0700, Winfield Hill wrote:
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
Au Contraire, mon ami, President Trump led congress by the nose rings
to end the blue states' subsidies that red states were forced to pay.
AP FACT CHECK: Blue high-tax states fund red low-tax states
https://www.foxbusiness.com/markets/ap-fact-check-blue-high-tax-states-fund-red-low-tax-states
BTW, that's from the FOX News Network. Example:
Massachusetts paid $13,582 per person, in federal taxes.
Mississippi paid $5,740 per person.
Massachusetts received 83 cents in federal spending for
tax every dollar the state sent to Washington, and
Mississippi received $2.13 for every tax dollar.
It's very clear who is subsidizing who.
Rich folks in Mass are helping poor folks in Mississippi. That reduces
poverty and income inequality. Isn't that good?
On 11/04/19 03:46, John Larkin wrote:
On 10 Apr 2019 17:42:47 -0700, Winfield Hill
hill@rowland.harvard.edu> wrote:
Neon John wrote...
On 10 Apr 2019 14:46:29 -0700, Winfield Hill wrote:
Also, you must be in a nice bracket. In my case, earnings
were down, but my taxes went up (as a percentage). That's
what's happening now for many in the blue states. Increase
the longstanding, tax the blue states and give to the red.
Au Contraire, mon ami, President Trump led congress by the nose rings
to end the blue states' subsidies that red states were forced to pay.
AP FACT CHECK: Blue high-tax states fund red low-tax states
https://www.foxbusiness.com/markets/ap-fact-check-blue-high-tax-states-fund-red-low-tax-states
BTW, that's from the FOX News Network. Example:
Massachusetts paid $13,582 per person, in federal taxes.
Mississippi paid $5,740 per person.
Massachusetts received 83 cents in federal spending for
tax every dollar the state sent to Washington, and
Mississippi received $2.13 for every tax dollar.
It's very clear who is subsidizing who.
Rich folks in Mass are helping poor folks in Mississippi. That reduces
poverty and income inequality. Isn't that good?
Rich folks in Mass are helping poor folks in Mississippi.
That reduces poverty and income inequality. Isn't that good?
Also note that Mississippi is the only state so poor that on average when a
person retires and starts collecting social security they get a raise of
about $1000/year. It's not like there are a bunch of rich people there who
are somehow getting away with paying unfairly low taxes, there really isn't
that much income.
My taxable income is up about 24k ,but my taxes are down about 3k.
You're obviously not paying enough tax!
On Wednesday, April 10, 2019 at 11:15:06 PM UTC-4, k...@notreal.com wrote
My taxable income is up about 24k ,but my taxes are down about 3k.
You're obviously not paying enough tax!
I think I pay enough tax. What do you think is enough tax?
Dan