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Forums - Politics Discussion - How Much More(or less) Money will you get do to the Trump tax bill.

bigjon on 10 January 2018

Since I already took the standard deduction before and have 2 kids I stand to get 3,500 to 4,000 more back on my tax return. My taxable income is about 60k, married filing jointly. 



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Gamer147 on 10 January 2018

Yes tax bill is cool. My accountant already told me I’ll see a bigger paycheck in February.



KBG29 on 10 January 2018

Tagging for later.



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johnsobas on 11 January 2018

about $1500 I think. I'm not completely sure, I would say that's probably more like the minimum. Pretty excited because I'm looking at a pretty decent raise next year at work in addition to this raise from taxes. It goes a long way when you have kids.



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vivster on 11 January 2018

The whole world is paying the Trump tax. The price is a forever sunken bar for political discourse and possible nuclear holocaust.

But I'm glad some people are making a few bucks from it.



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OneTime on 11 January 2018

None - money that is saved in tax now isn’t spent on schools, etc. At some point it needs to balance out. The National Debt is also an issue.

Governments need to focus on efficiency over a period of years, not one-off grand gestures...



vivster on 11 January 2018
OneTime said:
None - money that is saved in tax now isn’t spent on schools, etc. At some point it needs to balance out. The National Debt is also an issue.

Governments need to focus on efficiency over a period of years, not one-off grand gestures...

But it's not a one-off grand gesture. The governments have given big corporations grand gestures for decades and will continue to do so.



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Naum on 11 January 2018

I think I saw somehwere that in 4-5 years everyone but the filthy rich will get increased taxes above what they had before this taxcut to pay for all of this.



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darkenergy on 11 January 2018

In the long term this tax plan is terrible. However, as of now I will get my paycheck in a few hours and see how much more I will be getting. Also thanks to California's increase in the minimum wage law.



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irstupid on 11 January 2018

 

           
darkenergy said:
In the long term this tax plan is terrible. However, as of now I will get my paycheck in a few hours and see how much more I will be getting. Also thanks to California's increase in the minimum wage law.

The new tax rates are not all out to companies yet so your new paycheck this week will not be affected at all.

Don't expect any changes until February.