Tax Cuts Consequences Topic

Kicking myself right now...had to work late and forgot Dubs/Rockets were playing...ugh.
1/4/2018 10:20 PM
You are lucky we are stuck in a blizzard. Nightmare outside
1/4/2018 10:21 PM
Can't watch NBA yet. The playoffs haven't started.
1/4/2018 10:22 PM
Warriors are so much fun to watch that it's hard not to watch every game. Killer Reddit stream lets me watch everything without cable. Best part is the camera stays on the court during commercial breaks so you get to watch whatever is going on down there. Frisbee dogs, dunkers, half naked dancers, Kobe retirement ceremony, 10,000 shot. LOL. Way better
1/4/2018 10:25 PM
Posted by cccp1014 on 1/4/2018 10:21:00 PM (view original):
You are lucky we are stuck in a blizzard. Nightmare outside
In-laws aren't having much fun either. Stay safe out there.
1/4/2018 10:25 PM
Will do

Thanks

Best to your in laws

Dont sleep on the Celtics
1/4/2018 10:26 PM
Posted by cccp1014 on 1/4/2018 10:01:00 PM (view original):
Posted by bad_luck on 1/4/2018 10:00:00 PM (view original):
Posted by cccp1014 on 1/4/2018 9:52:00 PM (view original):
The residents pay less in federal taxes you giant dummy as they can write off their high as hell state income taxes lol. So they pay less but get all the entitlements. Your little study excluded entitlements. See if your little brain can figure it out. Lol
What entitlements did the study exclude?
Medicare, Medicaid and Social Security. Do you know of other entitlements?
Lol

Actually:

To save space below, “pension benefits” include both Medicare and Social Security; “anti-poverty aid” includes Head Start, Low Income Home Energy Assistance, Food Stamp and nutrition programs for Women, Infants and Children (WIC), and several school-lunch-style benefits.

1/4/2018 10:29 PM
1/4/2018 10:30 PM
Lol
1/4/2018 10:38 PM
Posted by The Taint on 1/4/2018 10:25:00 PM (view original):
Warriors are so much fun to watch that it's hard not to watch every game. Killer Reddit stream lets me watch everything without cable. Best part is the camera stays on the court during commercial breaks so you get to watch whatever is going on down there. Frisbee dogs, dunkers, half naked dancers, Kobe retirement ceremony, 10,000 shot. LOL. Way better
Traditional paid TV is dying fast. Too many other options. I saw somewhere where YouTube is coming with a "watch live" service.
1/4/2018 10:46 PM
Posted by cccp1014 on 1/4/2018 10:38:00 PM (view original):
Lol
LOL because SS and Medicare were included in the study and you realized you’re wrong?
1/4/2018 11:08 PM
Posted by bad_luck on 1/4/2018 11:08:00 PM (view original):
Posted by cccp1014 on 1/4/2018 10:38:00 PM (view original):
Lol
LOL because SS and Medicare were included in the study and you realized you’re wrong?
OMG NO!!!!! NO!!! AND NO!!!!

Idiot. Say I make $100k but my tax rate is 5% so I pay $5k in state income tax and I write that off my Federal. You make the same but are taxed at 13%, you write off $13k...so when the refund check comes you paid less into SS and Medicare. LESS. That goes for every resident in Cali. That is going to stop. You want to pay 13% then do so but you may only write off $10k max just like everyone else and that $10k is real estate tax + state income tax. It hurts me too but I find it fair.

Do you understand basic math? Imbecile. But your state cannot lower the income tax rate because even though it is the highest by far in the US your state still spends more than it earns. That is my LOL. People's republic of California.
1/5/2018 9:20 AM
Posted by cccp1014 on 1/5/2018 9:20:00 AM (view original):
Posted by bad_luck on 1/4/2018 11:08:00 PM (view original):
Posted by cccp1014 on 1/4/2018 10:38:00 PM (view original):
Lol
LOL because SS and Medicare were included in the study and you realized you’re wrong?
OMG NO!!!!! NO!!! AND NO!!!!

Idiot. Say I make $100k but my tax rate is 5% so I pay $5k in state income tax and I write that off my Federal. You make the same but are taxed at 13%, you write off $13k...so when the refund check comes you paid less into SS and Medicare. LESS. That goes for every resident in Cali. That is going to stop. You want to pay 13% then do so but you may only write off $10k max just like everyone else and that $10k is real estate tax + state income tax. It hurts me too but I find it fair.

Do you understand basic math? Imbecile. But your state cannot lower the income tax rate because even though it is the highest by far in the US your state still spends more than it earns. That is my LOL. People's republic of California.
Ummmm....hate to break it to you, but Medicare and social security are taxed through the payroll tax, not regular income taxes. Everyone pays 6.2% up to 118k.

EDIT: since most people don’t itemize and those that do tend to be high income, the SALT deduction doesn’t impact SS or Medicare. Also, the study I pulled the data from included Medicare and social security, per the note posted above.
1/5/2018 9:44 AM (edited)
Don’t be like cccp, the guy who likes to call everyone else stupid because he’s the dumbest ************ this side of all3.
1/5/2018 9:45 AM
Posted by bad_luck on 1/5/2018 9:44:00 AM (view original):
Posted by cccp1014 on 1/5/2018 9:20:00 AM (view original):
Posted by bad_luck on 1/4/2018 11:08:00 PM (view original):
Posted by cccp1014 on 1/4/2018 10:38:00 PM (view original):
Lol
LOL because SS and Medicare were included in the study and you realized you’re wrong?
OMG NO!!!!! NO!!! AND NO!!!!

Idiot. Say I make $100k but my tax rate is 5% so I pay $5k in state income tax and I write that off my Federal. You make the same but are taxed at 13%, you write off $13k...so when the refund check comes you paid less into SS and Medicare. LESS. That goes for every resident in Cali. That is going to stop. You want to pay 13% then do so but you may only write off $10k max just like everyone else and that $10k is real estate tax + state income tax. It hurts me too but I find it fair.

Do you understand basic math? Imbecile. But your state cannot lower the income tax rate because even though it is the highest by far in the US your state still spends more than it earns. That is my LOL. People's republic of California.
Ummmm....hate to break it to you, but Medicare and social security are taxed through the payroll tax, not regular income taxes. Everyone pays 6.2% up to 118k.

EDIT: since most people don’t itemize and those that do tend to be high income, the SALT deduction doesn’t impact SS or Medicare. Also, the study I pulled the data from included Medicare and social security, per the note posted above.
Many do itemize and those get their funds back!!! Those who finish paying SS by April due to high salaries and or bonuses get a higher paycheck. You mad bro? You are swearing again. I like making an idiot out of you. I am an expert in finance. You are losing badly here. Fact is those that itemize will not be able to deduct as much and YOUR STATE spends more than it earns and it has the highest state income rate.

I love how you avoid that one. The bad_luck triple play.

You angry, little man? LMAO!
1/5/2018 10:05 AM
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