and taking it back starting in 2021 tontoIt's your money. He let you keep it Tonto.
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and taking it back starting in 2021 tontoIt's your money. He let you keep it Tonto.
That's impossible. Your rates changed under the new tax law. If your taxes didn't go up, they went down. What did you owe on your earned income for 2017 compared to what you paid in 2018?
Marginal rates went down, personal exemptions went up. Unless you earned less in 2018 than you did in 2017 you got a tax cut. Check your withholdings on your W-2. Less was taken from your check, and if you got a refund it was smaller because of that.
If none of that is true, you're probably working a minimum wage job and you don't earn enough to owe any taxes and instead you qualify for the EITC.
and taking it back starting in 2021 tonto
Could you have put a worse comparison? I don't think so. You and the Conspiracy Party are welcome to complain about anything you want for the next 8 years. Trying to overthrow a legit election via lawsuits and state legislature strong arming does not compare to Dems complaining about Trump. Hillary lost and left like a true American. Trump should emulate her. Worst loser ever.You're damn right this is.... which is why ANY potential vote irregularity MUST be investigate thoroughly and taken seriously. To not is simply un-American, and jeopardizes the future of all upcoming elections. Much of what has happened around this election defies logic, but if the vote is true and accurate, then Biden will be sworn in in Jan.
You chastise in one hand about this election. Now, apply your same standard to how the Democratic party acted for 4 years when THEY could not accept the results of the 2016 election and instead clung to lies about collusion.
I have explained this to you about a dozen times and you obviously are too dumb to understand. I swear you pay someone to prepare your tax return for you. Furthermore, it sounds like you have never itemized in your entire life.
Prior to trump, I itemized. After trump, since he doubled the standard deduction, which after the standard deduction was doubled it pretty much equaled my itemizations, I stopped itemizing. Therefore, I paid about the same amount of personal income taxes after trump as I did before trump. No tax reduction.
Since you like to act very religious, the doubling of the standard deduction and the limitation on SALT actually discourages charitable giving. I wonder why the religious people don't knock trump for that - decreasing the benefit of itemizations and therefore, charitable donations?
You've explained it, and no matter how many times you lie about it a person earning in excess of 200K as you have claimed in NO WAY should not be itemizing deductions on their income tax returns! Here's a partial list of legally tax deductible itemizations Americans who are skilled enough to earn at that level of income can still legally claim:
and literally hundreds more that could fill up two additional pages of bullet points! A good CFP (which most folks who earn at that income level hire to manage their wealth) can offer literally dozens more that can lower your overall tax bill as well increase your earnings from personal or institutional investments.
- State taxes
- Sales taxes (VAT)
- REIT (real estate investment trusts)
- Charitable donations
- Farm equipment
- Capital gains and passive investment losses
- sole proprietorship, or LLCs (S-Corps)
- Agency fees and financial management deductions
- Derivatives
- Overseas investments
- Patents and licensing deductions
- non profit donations
- copyrights
- tax lien certificates
- bankruptcies
- 401K and pension plan investments
- higher education expenses for children or spouses
- adoptions
- annulments
- divorce settlements
- rental property
- business licenses
- mortgage refinancing points
- energy saving home improvements
- EV allowances
- Estate tax administrative expenses
- self employment expenses
The fact you claim to command that level of income, and utilize none of these financial instruments to maximize your earnings demonstrates either your documented ignorance of the tax code, or your documented deceit claiming that level of earnings while filing only under the standard personal exemption with no scheduled itemized deductions.
Either way (whatever is the Truth) the fact is you're a "developmentally disabled" financial planning neophyte. Or simply a bald faced liar.
And you prove my point again. Good lord, it’s incredible how stupid you are.
So which tax preparation firm do you use? H&R Block? Jackson Hewitt? A local preparer? A friend? A guy named Joe?
And you prove my point again. Good lord, it’s incredible how stupid you are.
So which tax preparation firm do you use? H&R Block? Jackson Hewitt? A local preparer? A friend? A guy named Joe?
Good lord, it’s incredible how stupid you are.
'Ya know something country I may not earn 250K a year as you claim you do, but I'm thinking that based on your self admitted tax filing claiming only the standard individual exemption and zero itemized deductions on your return, I'm in much better financial shape with my personal investment portfolio than yours.
You disagree?
OK, then tell the board how much your "non-deductible" personal financial portfolio is earning for you in excess of your 250K windfall?
Record won’t matter if he wins in the SCOTUS. That’s been the goal from the beginning. ****ing dumbass. 😂😂😂😂Yeah, he's now 1-48. So much winning. hahahahahahahahahahahaha.
Record won’t matter if he wins in the SCOTUS. That’s been the goal from the beginning. ****ing dumbass. 😂😂😂😂
And you’re an attorney? Lmfao!!!
Could you have put a worse comparison? I don't think so. You and the Conspiracy Party are welcome to complain about anything you want for the next 8 years. Trying to overthrow a legit election via lawsuits and state legislature strong arming does not compare to Dems complaining about Trump. Hillary lost and left like a true American. Trump should emulate her. Worst loser ever.
It's a standard deduction, not a standard exemption. LOL! You don't know the difference between a deduction and an exemption.
My "portfolio" earnings are tax deferred. LOL! Yeah, Mr. Car Salesman, you're in much better financial shape. HAHAHAHAHAHAHAHAHA.
It's a standard deduction, not a standard exemption.
My "portfolio" earnings are tax deferred. LOL! Yeah, Mr. Car Salesman, you're in much better financial shape. HAHAHAHAHAHAHAHAHA.
And you’re an attorney? Lmfao!!!
If he’s an attorney then I’m a porn starAn attorney who is under investigation again lmao!
OK, you play semantics with something I'm saying limits your tax liability. The fact remains you do not itemize deductions on a quarter million dollar income and that is not only stupid, but economically foolish for someone who earns at that level of income yet has no clue how to both limit your tax exposure while increasing your earning power through strategically placed investments which can be itemized through schedules on your individual return.
Who does that? A financial illiterate.
Lol. Champ of wrong and the biggest pussy on here.If I invest a significant portion of my income in a tax-deferred investment, I am limiting my tax liability. I am not taxed a penny on any of that investment (at present). I don’t have to claim that as an itemized deduction. It is not taxed income to begin with.
Good lord, you’re a f’ucking moron. Seriously dude, you’re a used car salesman, or at least that is what you claim to be. I think you’re the janitor at the car dealership. You have no business discussing investments, taxes, deductions and exemptions with me. LMAO!
How do you claim you got no tax benefits from Trump's tax reforms and reductions yet you claim "tax deferred" earnings on an investment portfolio?
Explain?
Looks like your annual salaryBecause anyone was always allowed to have tax-deferred earnings. Trump had nothing to do with that. Good lord, are you for real?
Let me ask you a very simple question:
which is greater, 10,000 or 12,200?
LMAO!
That Mustang is ugly AF For realHey @dedhoops24 why are we limiting our exchanges to this forum? We both live in the same city, we have some fabulous restaurants or pubs here in the ATL we could get together and sip a few beers in. I'd love to meet you...maybe sell you a brand new Ford Mustang EV?
Lets plan a rendezvous. I can even show you my spread here in South Gwinnett, you can meet my 7 kids, my Son-in-Law who's a cop, I have another Son who's a certified EMT first responder for Dekalb county as well as five adorable Grand kids who don't hate White people!
You just let me know when you're free and we can pick a time and a place to be respectful as well as passionate about the future of this country.
2021 Ford Mustang Mach-E
If I invest a significant portion of my income in a tax-deferred investment, I am limiting my tax liability. I am not taxed a penny on any of that investment (at present). I don’t have to claim that as an itemized deduction. It is not taxed income to begin with.
Good lord, you’re a f’ucking moron. Seriously dude, you’re a used car salesman, or at least that is what you claim to be. I think you’re the janitor at the car dealership. You have no business discussing investments, taxes, deductions and exemptions with me. LMAO!
That Mustang is ugly AF For real
Seriously dude, you’re a used car salesman, or at least that is what you claim to be
Prior to trump, I itemized. After trump, since he doubled the standard deduction, which after the standard deduction was doubled it pretty much equaled my itemizations, I stopped itemizing
Good luck with that.I prefer they take the impeach over nothing route. Maybe when the Reps regain the House they can seek impeachment over Biden selling access to his name and position.
So on a 200K plus income (a significant portion of which sits in an income generating tax deferred investment portfolio) you only managed to itemize roughly 1200 of tax deductions before Trump's tax reforms?
Trannies may dig it. No one else does. Ugly AF.Chics dig it. Surprised you don't? You're probably into into guys huh?
Just because some individual judges are unwilling to be honest and rational when making their decisions does not render the mountain of facts presented irrelevant. Seems we have too many of these judges becoming intimidated through threats and other pressures from the unruly mobs to consider the FACTS and render rational decisions.You claim to be a doctor, right old man? So you were educated at one point, so you tell me, Trump and MAGA are currently 1-46 in both state and federal court regarding suits with fraud.......1-46......go read the court decisions and then talk to me.
Why do you lie? I never said anything like that. Or are you just so stupid you can't comprehend what someone else is saying? I think the latter.
I asked you a very simple question and you couldn't answer it. I'll ask it again.
Which is greater, 10,000 or 12,200?
Why do you lie? I never said anything like that. Or are you just so stupid you can't comprehend what someone else is saying? I think the latter.
I asked you a very simple question and you couldn't answer it. I'll ask it again.
Which is greater, 10,000 or 12,200?
Trannies may dig it. No one else does. Ugly AF.