Just finished my tax returns...Thanks for NOTHING Trump! (cost, national debt, election)

[CLR210]

Originally Posted by ottomobeale

Then preach on. Walk the walk means you may talk the talk.

Im tired of DINKS telling people with families it is so easy.

A LOT of DINKS (my hubby and I included), actually did have kids and now they are grown. I’d say we kinda know a few things.

[exm]

Originally Posted by Adhom

Living in a high tax blue state, my taxes did go up because we lost SALT deductions. And for those of you who thinks we deserve this because of where we live, just wait til the shoe is on the other foot. The only thing I learned from Trump is to have no compassion for Americans who don't think like me.

You lost SALT. Okay, well actually SALT was limited to $10,000. You didn't lose it.


What you also gained is:
- Higher standard deduction (if you use this)
- No more AMT for most of us
- Lower overall tax rates


What's your total tax bill vs 2017?

[workingclasshero]

Originally Posted by moneill

Ahem -- they are trying-- knocking 5 billion plus down to one billion plus for the wall.

That's a good start wouldn't you say?

only 1.3 billion DIRECTLY for the wall as a down payment...
yet there is still 25 billion in there for border security...




so did they really "knock it down"???

[workingclasshero]

Originally Posted by craigiri

Actually not. As you well know it takes the House, Senate and the POTUS to do that.

But, nice try. The fact is the deficit was being brought down in the last years of a Dem POTUS....it was about 600 Billion, now it is double that for one reason only - complete GOP control.

That's the proof. Positive.

false


well that depends


10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
difference of 1,641,103,866,572............................1.6 trillion deficit fy10

10/01/2010.................................13,610,847,58 5,810.09
09/30/2011.................................14,790,340,32 8,557.15
1,179,492,742,747...........................1.17tr illion deficit fy11

09/30/2011................................ 14,790,340,328,557.15
09/28/2012................................ 16,066,241,407,385.89
1,275,901,078,828..........................1.27 trillion deficit fy12

10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only one of two full years under one trillion

10/01/2013................................. 16,747,478,675,335.18
09/30/2014................................. 17,824,071,380,733.82
1,076,592,705,398..............................1.0 7 trillion deficit fy14


10/01/2014................................. 17,824,071,380,733.82
09/30/2015................................. 18,150,617,666,484.33
326,546,285,750.51..............................32 6 billion deficit fy15...the second less than trillion



10/01/2015................................. 18,150,617,666,484.33
09/30/2016.................................19,573,444,71 3,936.79
1,422,827,047,452.46.............................. 1.42 trillion deficit fy16


10/01/2016.................................19,573,444,71 3,936.79
09/30/2017.................................20,244,900,01 6,053.51
671,455,302,117.............................. .671 trillion (671 billion) deficit fy17 (fy17 is a shared Obama/trump)

10/01/2017.................................20,244,900,01 6,053.51
09/30/2018.................................21,516,058,18 3,180.23
1.27 trill..............................deficit fy18....

fy16 1.4 trill was higher and only 2 years ago


source: US Treasury
https://treasurydirect.gov/NP/debt/current

[trlhiker]

Originally Posted by InformedConsent

No. National defense is a Constitutionally-mandated expense. Find somewhere else to cut costs.

LMAO, so spending in excess of $700 billion is a Constitutional mandate? LMAO

[workingclasshero]

Originally Posted by Mightyqueen801

You can't buy a "palace" for $250K in NJ. Lucky if you can find a 2 BR condo for that.

that actually depends on where in Jersey


go up to Newton, Green or Sparta, and you are in the country...and you can get a real nice place for 250k.... nothing near you, might have to drive a half hour to get to a real grocery store.. but it is there




https://www.realtor.com/realestatean...-67821?view=qv


180k nearly 3000sf

[workingclasshero]

Originally Posted by trlhiker

LMAO, so spending in excess of $700 billion is a Constitutional mandate? LMAO

medicare is bigger than 700billion...


so what is your point

[ottomobeale]

Originally Posted by CLR210

A LOT of DINKS (my hubby and I included), actually did have kids and now they are grown. I’d say we kinda know a few things.

DINKS AFAIK always meant never had kids soooooo.

Okay perhaps DINNKS

Dual Income Never No Kids

[earthlyfather]

The truth.

Originally Posted by workingclasshero

false


well that depends


10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
difference of 1,641,103,866,572............................1.6 trillion deficit fy10

10/01/2010.................................13,610,847,58 5,810.09
09/30/2011.................................14,790,340,32 8,557.15
1,179,492,742,747...........................1.17tr illion deficit fy11

09/30/2011................................ 14,790,340,328,557.15
09/28/2012................................ 16,066,241,407,385.89
1,275,901,078,828..........................1.27 trillion deficit fy12

10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only one of two full years under one trillion

10/01/2013................................. 16,747,478,675,335.18
09/30/2014................................. 17,824,071,380,733.82
1,076,592,705,398..............................1.0 7 trillion deficit fy14


10/01/2014................................. 17,824,071,380,733.82
09/30/2015................................. 18,150,617,666,484.33
326,546,285,750.51..............................32 6 billion deficit fy15...the second less than trillion



10/01/2015................................. 18,150,617,666,484.33
09/30/2016.................................19,573,444,71 3,936.79
1,422,827,047,452.46.............................. 1.42 trillion deficit fy16


10/01/2016.................................19,573,444,71 3,936.79
09/30/2017.................................20,244,900,01 6,053.51
671,455,302,117.............................. .671 trillion (671 billion) deficit fy17 (fy17 is a shared Obama/trump)

10/01/2017.................................20,244,900,01 6,053.51
09/30/2018.................................21,516,058,18 3,180.23
1.27 trill..............................deficit fy18....

fy16 1.4 trill was higher and only 2 years ago


source: US Treasury
https://treasurydirect.gov/NP/debt/current

[Volobjectitarian]

Originally Posted by StuartGotts

Just finished my tax returns...

I made more money, paid more in taxes and am getting back 1/3 the amount I got last year!

SOOOOOO HAAAPPPPY your rich 1% buddies got a tax break, they REEEAAAALLY need it.

Congrats however, now I know I'm voting for ANYONE but Trump.

What was your overall federal tax as a percentage of your total income, compared on a YOY basis?

Your refund is simply a representation of how much was over-stolen by the government that is marketed as a gift to you, but is more like "under the rules, we are only allowed to steal X, and we stole X + R, so here is R"
So actually, if you got a lower refund with the same withholdings, then the law actually tightened up to make it less sloppy and in need of big refunds that reflect big differences in the tables and reality.

The only measure of "did you pay more taxes" is taking your entire federal AGI and then figuring your total federal tax, minus the two payroll tax thefts (FICA, Mediwelfare) as a percentage, and seeing that comparison YOY.

BTW, if the SALT cap got you, that isn't you paying more federal tax. That is actually the federal taxpayers no longer funding your state's illusion that they are a low tax state when they aren't. The SALT cap is nothing but disinfecting sunlight on high tax states who have used that deduction to make it look like free lunches are possible.

Give us the total numbers and then we can figure out if you actually paid more in federal tax, or if you simply need to a) learn math, b) learn basic logic and c) get a better tax preparer.