Liberty News Forum
Political News Forum - Let your opinions be heard on current news and politics. Not for wimps!
Political Opinion Page - Recent Posts - LNF Forums LNF in the Age of Empowerment! Algorithm free!
Christian Forum - Religion Forum - Entertainment - Sports Forum
Military - A1 News Page - Computers Tech - Financial News - Bunker - Rasmussen Presidential Tracking Poll
The House - Off the Wall News - Page 2 - Rasmussen Reports Polls - Chat Room
Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Fair Question - Did the Trump 'tax cut' save you money in taxes this year?
Poll
Poll Question: Did the Trump 'tax cut' save you money in taxes this year?
bars   pie

Yes, it saved me money    
  7 (63.6%)
Was about the same    
  0 (0.0%)
No, I paid more in taxes this year    
  4 (36.4%)




Total votes: 11
« Created by: Freon_Bale on: Feb 5th, 2019 at 12:25pm »
Page Index Toggle Pages: 1 ... 3 4 [5]  Send TopicPrint
Very Hot Topic (More than 25 Replies) Fair Question - Did the Trump 'tax cut' save you money in taxes this year? (Read 468 times)
Freon_Bale
LNF Representative2
LNF Bunker
***
Offline

Courage is fearing something,
then doing it anyway

Posts: 2,004
Joined: Feb 16th, 2017
Re: Fair Question - Did the Trump 'tax cut' save you money in taxes this year?
Reply #40 - Feb 11th, 2019 at 12:04pm
Print Post  
Just bumping this to see if we can get some numbers.

Again, I'm still in the process of filing, so I will vote when I have more info.
  
Back to top
 
IP Logged
 
Ulysses
LNF Speaker
LNF Bunker
*****
Online

REDACTED

Posts: 11,524
Location: The Lodestar
Joined: Feb 19th, 2018
Re: Fair Question - Did the Trump 'tax cut' save you money in taxes this year?
Reply #41 - Feb 11th, 2019 at 12:16pm
Print Post  
I still don't know. Haven't really fired up Turbotax yet. I have my W2 but the stock broker still needs to cough up its summary. I suspect that I will owe money unless I max out the IRA contribution, which might be the last one I make.
  

My whole life I’ve been greedy, greedy, greedy. I’ve grabbed all the money I could get. I’m so greedy. - Donald J. Trump
Back to top
 
IP Logged
 
Lomelis
LNF Speaker
*****
Offline

Wonderboy

Posts: 15,585
Location: California
Joined: Dec 20th, 2002
Gender: Male
Re: Fair Question - Did the Trump 'tax cut' save you money in taxes this year?
Reply #42 - Feb 11th, 2019 at 1:12pm
Print Post  
Yes, the tax cuts saved me a small amount throughout the year and my return is larger than it would have been.

That being said I would have preferred that government spending be addressed before anymore tinkering with the tax rates.
  

Ignorant Blessings from Wads:

Wadsworth wrote on Jul 2nd, 2018 at 4:13pm:
Watched it.  A shotgun is for long ranged shooting.  That is why hunters like them.  An AR-15 is not.  That video was misleading.

Back to top
 
IP Logged
 
Archie
LNF Speaker
LNF Bunker
*****
Offline

I Love Liberty News Forum!

Posts: 22,030
Location: Melbourne Florida
Joined: Mar 13th, 2011
Gender: Male
Re: Fair Question - Did the Trump 'tax cut' save you money in taxes this year?
Reply #43 - Feb 12th, 2019 at 12:47am
Print Post  
Ulysses wrote on Feb 5th, 2019 at 12:38pm:
Yes, it's really too soon to say.

My withholding decreased by about $1300/yr. However I don't know how much of that I'll have to pay back in April.

One thing I think really sucks about the new tax law is that if you don't itemize, you cannot deduct charitable contributions. And I will not be itemizing for 2018 for the first time in 20 years because no more mortgage interest, combined with the doubling of personal exemption. This will undoubtedly hurt charitable organizations as donations drop off due to lack of tax incentive.



To get tax reductions last year for charitable donations they had to be more than $12,700 or more dollars’ worth to be worthwhile. That is for a married couple. However, I am still getting a break on taxes, and my accountant says I will be ok next year too when I file just for myself. I never let my wife pay any taxes on her incomes. I wanted her to be able to run around with her friends which she did. I am not into traveling myself. And she enjoyed her 2014 Honda motorcycle, and 2017 Cadillac, and also kept her 2002 Oldsmobile that she bought new at that time. She had two cars then too, so that Olds only has 76,000 miles on it now. I am keeping it just to remember the good old days.
Smiley
  

Freedom
Back to top
 
IP Logged
 
Luther
LNF Speaker
*****
Offline

I Love Liberty News Forum!

Posts: 13,148
Joined: Dec 20th, 2016
Gender: Male
Re: Fair Question - Did the Trump 'tax cut' save you money in taxes this year?
Reply #44 - Feb 12th, 2019 at 4:00am
Print Post  
Lomelis wrote on Feb 11th, 2019 at 1:12pm:
Yes, the tax cuts saved me a small amount throughout the year and my return is larger than it would have been.

That being said I would have preferred that government spending be addressed before anymore tinkering with the tax rates.



Quote:
Yes, the tax cuts saved me a small amount throughout the year and my return is larger than it would have been.



Great, you're going to need it with Cailf's New super majority dims and socialist Gov Wink Grin
  

All throughout our American history, world history, "ordinary people can do extraordinary things"


un·known quan·ti·ty
noun
a person or thing whose nature, value, or significance cannot be determined or is not yet known.
Back to top
 
IP Logged
 
Page Index Toggle Pages: 1 ... 3 4 [5] 
Send TopicPrint
 
Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Fair Question - Did the Trump 'tax cut' save you money in taxes this year?

LNF Home - Political Opinion Page
LNF Forums

Christian Forum - Religion Forum - Sports Forum - Entertainment - House
Military, History - Cooking and Crafts - Creative Writing
Off the Wall News - Science Forum - Tech Gadgets - Financial News - Humor
Bunker - Page 2 - Page 3 - Page 4 - Chat Room





Drudge Report - News Max - Rush Limbaugh - FrontpageMag
Advertise on the LNF - Twitter LNF - LNF Archive - LNF News
LNF Blog
News and Political Links
Political Blogs
Add your website or blog
Political Columnists
Political Humor
A1 News Page
David Limbaugh
Political Frog
Conservatives Directory
President Trump Approval Poll
Presidential Party Election Poll News forum posting, privacy policy and member rules