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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.
The whole post is a masterpiece but for the sake of brevity you could have just typed the bold part.
Not everyone has expenses on which they are paying interest, can people really be that stupid as to assume that everyone in the US has credit card debt and auto loans?
Sigh. Allow the government to 'save' your money for you until the end of the tax year.
YOU save your own money - which one do you think is better?
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
This is true. If you are willing to travel to Sussex or Warren, you can get a nice little house for $250,000. And you can even get a 3br condo for about that in Morris County.
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)
Ah, I see what you did there. A "shared" Obama/Trump year where every single thing that had to do with the budget, tax code, revenues collected, etc. was due to the Obama era.
Nice try, but the Gubment didn't start saving money the day Trump took the oath.
Also, we certainly do know the Great Recession and Wars are/were multi-decade events and that is not the case now...or at least we are most of the way out.
Lastly, remember the Grand Bargain? Obama attempted...worked HARD to try and bring things better in balance. The GOP didn't want to. That led to the "sequester" which ended up leading to ZERO SAVINGS.
Trump and GOP supply side types told us the new miracle economy plus the additional tax cuts would bring the budget into balance. Trump said he would balance it. Instead he is doubling the yearly deficit and the GOP could care less as long as they get their cut.
The CBO, even without the Grand Bargain or other changes, predicted that it would be 2023 before we topped a Trillion a year again. Instead we did it now...
Giving tax cuts out of deficit and doing everything one can to make health care cost more is NOT a formula for success.
Ah, I see what you did there. A "shared" Obama/Trump year where every single thing that had to do with the budget, tax code, revenues collected, etc. was due to the Obama era.
Nice try, but the Gubment didn't start saving money the day Trump took the oath.
Also, we certainly do know the Great Recession and Wars are/were multi-decade events and that is not the case now...or at least we are most of the way out.
Lastly, remember the Grand Bargain? Obama attempted...worked HARD to try and bring things better in balance. The GOP didn't want to. That led to the "sequester" which ended up leading to ZERO SAVINGS.
Trump and GOP supply side types told us the new miracle economy plus the additional tax cuts would bring the budget into balance. Trump said he would balance it. Instead he is doubling the yearly deficit and the GOP could care less as long as they get their cut.
The CBO, even without the Grand Bargain or other changes, predicted that it would be 2023 before we topped a Trillion a year again. Instead we did it now...
Giving tax cuts out of deficit and doing everything one can to make health care cost more is NOT a formula for success.
I gave shared to the fy09 budget (bush/Obama) and to the fy17 budget (Obama/trump)
the fy starts 1 October
so for example the fy 09 budget started 1 October 2008 (a month before election day)
so if you want to end the share.. then fine the recession ENDED june 09, during bushs fy09 budget.... hmm...sure you want to end the share??
Did my taxes too and am getting a refund of about $500 less. Not a whole lot, but it is less. We also made more money this year mostly because the husband got some temporary jobs this past summer, and I got a 5% raise, so it wasn't all that much more.
I was disappointed though. I was hoping to get $1000 more. But I never really depend on tax refunds. Most years I don't expect to get one at all but we had a lot of expenses at one of our rental properties last year so I did expect to get a larger one for 2018 but didn't.
I wasn't going to vote for Trump regardless in 2020 but I was hoping to have something to like him for - I like to find something I like about every president and I still don't like anything about him. He needs to do like GW Bush and send me a stimulus check. Then I'll like him lol.
Deserve to be poor? Some people use withholding so that they can save for a big purchase without being tempted to spend the money on things they don't need as badly. It's part of being poor, something which I am sure none of the millionaires who post on CD know anything about
That is a sad commentary on the public. People with such a lack of self control will almost assuredly be poor their entire lives unless they learn self discipline.
That is a sad commentary on the public. People with such a lack of self control will almost assuredly be poor their entire lives unless they learn self discipline.
True.
But the thing is, handling money is not taught. Not by parents nor the educational system. Notice the witless comments made in this thread. Teaching money management is critical to a child's education. Some of us are born wanting to manage money, but not very many.
In some cases it is just blind stupidity that cannot be controlled, but sometimes it is a matter of family training. I have 2 daughters - one from each camp. The lesser paid daughter will come out far better than her well-to-do spendthrift sister.
Weak response, with uncorroborated personal opinion, that workingclasshero promptly shot down in #286.
Quote:
Originally Posted by craigiri
Ah, I see what you did there. A "shared" Obama/Trump year where every single thing that had to do with the budget, tax code, revenues collected, etc. was due to the Obama era.
Nice try, but the Gubment didn't start saving money the day Trump took the oath.
Also, we certainly do know the Great Recession and Wars are/were multi-decade events and that is not the case now...or at least we are most of the way out.
Lastly, remember the Grand Bargain? Obama attempted...worked HARD to try and bring things better in balance. The GOP didn't want to. That led to the "sequester" which ended up leading to ZERO SAVINGS.
Trump and GOP supply side types told us the new miracle economy plus the additional tax cuts would bring the budget into balance. Trump said he would balance it. Instead he is doubling the yearly deficit and the GOP could care less as long as they get their cut.
The CBO, even without the Grand Bargain or other changes, predicted that it would be 2023 before we topped a Trillion a year again. Instead we did it now...
Giving tax cuts out of deficit and doing everything one can to make health care cost more is NOT a formula for success.
Ah, I see what you did there. A "shared" Obama/Trump year where every single thing that had to do with the budget, tax code, revenues collected, etc. was due to the Obama era. \f deficit and doing everything one can to make health care cost more is NOT a formula for success.
Fact...
Obama is 1 out of 45 US Presidents.
Obama served 8 years.
Obama is responsible for ~30% of the entire national debt ran up over 242 years.
No way to put that in a positive light. Doesn't matter how hard you try.
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