I think the SALT deduction increase is a factor in this. For me alone that's going to help by $3K or more.

-Why any idiot that makes less than $600,000 votes for these asshats is beyond me.

why that threshold?

You think someone who makes $500K a year and pays over 30% of that income in federal, state and property taxes isn't going to be interested in which party wants to lower that tax bill?

You're calling them an idiot.

Why? There are plenty of reasons why folks in that income bracket vote for democrats and that's fine. I do as well.

But don't make it about tax policy.......that's something folks in that income range have to get past in order to vote for democrats......if you want to call them an idiot then fine.

"these asshats"

and while you're at it....define "asshats".

President, Congress, State legislature, city commissioner, school board? These folks all have an impact on your tax bill.

You've voted, right? You've seen an actual ballot?

There are plenty here who haven't actually seen a ballot or they're clearly too stupid to understand one.

I'm hoping you're not one of them.

-Beverley is winning,

Thank you. But it's about paying more or less and if you can actually tell the difference.

Which is in doubt.

-It's about everyone getting a fair shake

more phrases you can't define.

"fair shake"? What does that mean?

Specifically for the guy making $500K a year you think in an idiot.

If you think $600K is a poor threshold then feel free to change it. Nixon threw it out probably with no real thought as to why.

Who is an idiot for voting for a republican because of their income level? Forget Trump for a moment..and just make it about the GOP in general.

No question folks who make the median income.....$60-70K or whatever.....I can see that argument as to why that's clearly voting against your own interest.

but where does it start to be voting IN your best interest to vote for the GOP? I'm specifically referring to their bottom line. income after taxes(all taxes), investment performance, etc...

-Equal Protection Under the Law.

with tax brackets?? Do you even know that Equal protection under the law means?

-But asking for definitions is a tried and true obfuscation.

No it isn't. It's just an admission that you lack the aptitude to participate in the discussion. Don't feel bad. You're not alone.

There are plenty of subject matters I lack the aptitude to participate in.....

29

JFC you are such a -----.

I'm the only one on this thread trying to be on topic.

I know this was more fun when you could just quote a bible verse and how people don't understand them.

I'll let you go back to that.......

32

I put a few rolls of quarters in it....so watch out when I hit you. It's gonna hurt.

-This will kill local communities.

The belief is that if you take $1,200 out of their hands...maybe they'll go get a job and earn the $1,200 instead of getting a handout.

But we all know that's not the reality overall.

-Despite the fact you seem to think poor people should work harder in order to live in America

You're so cute. You know I never said that and in fact pointed out "that's not the reality".

You're always whining I pretend to be dumb...and you post stuff like that. It's cute.

IT's not that I think the poor should work harder.

It doesn't matter if they "should". They're not gonna. period.

But the $1,200 is going to end up back in the poors' hands.

Either the state will put it there or they'll go steal it.

-Where is the state gonna get it from? Do Mississippi.

probably not that State.

-Most working poor work two to three jobs to make ends meet.

That's not the belief....but I understand what you're saying. It's also why I say they aren't going to work harder...they work as hard as they can already.

"I am on Social Security.
I pay no Federal taxes"

You don't enough other income to require you to pay taxes?

sorry..."generate enough other income..."

I just looked this up....

Whether you will have to pay federal income tax on your Social Security benefits depends on your combined income:

If you file as an individual:
Up to $25,000: No tax
$25,000"$34,000: Up to 50% of your benefits may be taxed.
More than $34,000: Up to 85% of your benefits may be taxed.
If you file a joint return:
Up to $32,000: No tax
$32,000"$44,000: Up to 50% of your benefits may be taxed.
More than $44,000: Up to 85% of your benefits may be taxed.

man....I'm not done paying taxes when I retire.....

No tax cut for you.

-That means a couple could bring in $122,000 a year in Social Security, and owe zero federal taxes.

That assumes both wait until....70? and they both qualify for the max.

right?

that's......what.....0001% of households?

"so now please explain the huge tax cut you say Social Security recipients will be receiving."

they won't. are you stupid?

71

I understand what you're saying. It's a good reminder actually how much I'll get taxed if I start taking SS early and draw from my retirement funds at the same time.

It makes me wonder if we should wait to take a larger SS benefit and spend down my IRA/Roth funds in my early 60s to bridge me until we take SS.

Same here. We're probably 80/20 Trad IRA/Roth.

I never imagined waiting on SS but the tax exposure changes my perspective. My wife and I can wait and the lower tax makes it worth it.