Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It seems no one was spared except the wealthy. Trump said “I just made you very rich”, probably the only time he has told the truth.
It’s disgraceful widow/widowers would have to pay any taxes on the survivor benefits, but even more that they raised the rate to pay for trumps tax cuts.
I actually remember reading this Tax Reform Bill and you are correct.
The words are plainly in the text of the bill -- "Higher Taxes especially for Gold Star Families".
I actually remember reading this Tax Reform Bill and you are correct.
The words are plainly in the text of the bill -- "Higher Taxes especially for Gold Star Families".
And so today you learned that evil rarely announces itself.
“ because recipients can’t double-dip, the VA benefit and the military benefit are offset – meaning that if survivors chooses to put both the VA benefit and the DOD benefit in their name, then they’ll see a one dollar reduction in their SBP for every one dollar they receive from their DIC plan.” To get around the Widow’s Tax, survivors can put their SBP in their child’s name, and for years it was a reliable workaround.
I actually remember reading this Tax Reform Bill and you are correct.
The words are plainly in the text of the bill -- "Higher Taxes especially for Gold Star Families".
It seems no one was spared except the wealthy. Trump said “I just made you very rich”, probably the only time he has told the truth.
It’s disgraceful widow/widowers would have to pay any taxes on the survivor benefits, but even more that they raised the rate to pay for trumps tax cuts.
Do not blame the president. Money does not grow on trees.
When the Democratic controlled cities stop wasting Federal Funding in the form of free bees to loafers
maybe, just maybe the government won't have to reach into the pockets of the middle class to cover the costs.
How were the wealthy spared? Their formerly unlimited SALT (State And Local Tax) deduction was limited to just $10,000. They pay WAY more than $10,000 in SALT taxes and must now pay federal income tax on that extra amount, too.
California example...
Quote:
"A $1 million-plus wage earner came to her tax preparer last weekend to see what the Trump tax cuts, which went into effect for the 2018 tax year, would mean for her tax return due April 15. And boy, was she disappointed. Last year, she deducted $245,500 in real estate taxes, state income taxes and personal property taxes.This year her deduction for these state and local taxes was limited to just $10,000, because of the new SALT cap.
“It’s a real hit,” says her tax pro, Claudia Hill, an enrolled agent in Cupertino, California. “This is why people who have this kind of situation are screaming.”
...To fully benefit from the reduction in the top income tax rate, you’d have to live in a state with no state income tax, says tax lawyer Kaye Thomas, who figures that California’s highest earners are facing a federal effective rate that’s 2.7 percentage points higher in 2018 than 2017 because of the interaction between state and federal taxes. (He explains the math in Tax Reform’s Wealthy Losers)."
The SALT tax deduction she took on her Fed Gov 1040 for...
2017: $245,500 2018: just $10,000
Come on, folks... don't just parrot the left's intentionally deceptive propaganda. Actually THINK about what you're being told and learn to recognize when it's a LIE. /smh
Do not blame the president. Money does not grow on trees.
When the Democratic controlled cities stop wasting Federal Funding in the form of free bees to loafers
maybe, just maybe the government won't have to reach into the pockets of the middle class to cover the costs.
Says the poster collecting SS and medicare. And no you didn't "pay into" either.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
