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psychobilly
Joined:
09/03/2002
Posts:
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What's this?
That's interesting. I compared the base current law
to my own tax projection software we have and it was decently close.
So it appears that their baseline variables are at least working.
Now this works for some pretty basic income calculations. Very neat.
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Hokie5150
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Posted: 11/29/2017 at 12:25PM
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Cannot verify the accuracy, but here's a fun tax calculator
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Hokie5150
11/29/2017 11:10AM
This does not incorporate the AMT and says so in the fine print.
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WahooRQ
11/29/2017 1:12PM
I think you broke the calculator with your large numbers. **
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Hokieesith
11/29/2017 1:47PM
No surprise, but I get slammed under either plan.
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hoolstoptheheels
11/29/2017 12:35PM
That's interesting. I compared the base current law
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psychobilly
11/29/2017 12:25PM
I would save a decent amount under each plan
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BocaHoo91
11/29/2017 12:14PM
Yep...I stand to come out smelling like a rose with either
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Hokie5150
11/29/2017 12:18PM
Yeah, but what does each plan do for your taxes in 2027?
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BocaHoo91
11/29/2017 12:06PM
I was wondering the same thing.
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WahooMatt05
11/29/2017 1:06PM
They made them temporary as a gimmick to make the plan
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BocaHoo91
11/29/2017 1:14PM
And necessary when not a single Dem will vote for it. **
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Hoodafan
11/29/2017 1:41PM
No Dem SHOULD vote for this bullshit. No intellectually honest republican
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WahooRQ
11/29/2017 1:43PM
We'll just have to disagree but that has nothing to do with my point. In
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Hoodafan
11/29/2017 1:53PM
They could've made a palatable tax change that came in under $1.5 trillion
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WahooMatt05
11/29/2017 2:08PM
Or they could've gone to 15% Corp and left the personal side alone, but
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Hoodafan
11/29/2017 2:20PM
They have made it clear - they need a win, no matter what the cost
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111Balz
11/29/2017 1:47PM
Exactly right. The Getting Primaried Prevention Act of 2017 should be the
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WahooRQ
11/29/2017 1:49PM
And thankfully that "gimmick" only really impacts the middle class
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111Balz
11/29/2017 1:21PM
Right, it's a gimmick
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WahooMatt05
11/29/2017 1:18PM
Same with the bush tax cuts. Changes had to be made.
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BocaHoo91
11/29/2017 1:45PM
Didn't they sunset during a recession? raising taxes during a recession
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111Balz
11/29/2017 1:49PM
They also sunset during a time where congress was up for election.
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BocaHoo91
11/29/2017 1:56PM
Both good points **
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111Balz
11/29/2017 5:44PM
Is it a wealth transfer allowing people to keep their money? **
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Hokie5150
11/29/2017 1:33PM
By law, what you owe in taxes is not "your money." So yes, reducing what
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WahooRQ
11/29/2017 1:42PM
But the law changed saying they owe less so the difference is still
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Hokie5150
11/29/2017 1:53PM
I really don't care what you choose to call it, tbh. **
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WahooRQ
11/29/2017 2:01PM
Hey, it's your logic, not mine. **
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Hokie5150
11/29/2017 2:08PM
So in your world, if you have someone making $40K who
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BocaHoo91
11/29/2017 1:52PM
No, you misread my post. Read again - thought it was pretty clear.
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WahooRQ
11/29/2017 1:57PM
What is a tax increase? A 'hand in'? **
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Stimp
11/29/2017 2:26PM
Well, depending on the size of the tax increase it could be a "fisting" ...
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WahooRQ
11/29/2017 4:16PM
Sans reach around **
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TpkeHoo
11/29/2017 3:09PM
Returning to the gov't what is rightfully their's to begin with? **
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BocaHoo91
11/29/2017 2:50PM
They are increasing the amount you owe, so whatever you want to call that.
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WahooRQ
11/29/2017 2:53PM
LOL! I love how you pass the buck. It was your piss-poor logic that
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Hokie5150
11/29/2017 2:59PM
If you consider reducing the amount someone pays to the
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BocaHoo91
11/29/2017 2:05PM
If you think someon can only get a handout if he's poor, then we do indeed.
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WahooRQ
11/29/2017 2:17PM
So if the top tax rate is 39.6% and it goes to 50%, what
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BocaHoo91
11/29/2017 3:04PM
Hey, it's the "price of being an American"... **
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Hokie5150
11/29/2017 3:11PM
I don't hate the "rent for being an american" concept, but
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BocaHoo91
11/29/2017 3:23PM
Boca, I have trouble believing you can't really understand the concept of
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WahooRQ
11/29/2017 4:21PM
I understand the concept of reducing a liability. I don't consider that a
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BocaHoo91
11/29/2017 5:06PM
It pretty much boils down to whose money you believe it is. You, like
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Hokie5150
11/29/2017 5:42PM
Just so we can agree that it will be Boca's children's debt! **
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Shenhoo
11/29/2017 5:51PM
It need not be anyone's children debt if people would simply
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Hokie5150
11/29/2017 5:54PM
Good god you’re stupid. **
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WahooRQ
11/29/2017 10:12PM
Yep...asking for a rational and reasonable approach to governmental
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Hokie5150
11/30/2017 06:33AM
I hate the rent concept, because it doesn't apply to everyone. It's
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Hokie5150
11/29/2017 3:39PM
Someone can only get a handout if they are given something that was
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Hokie5150
11/29/2017 2:30PM
What stupidity, anyhow I blame myself for engaging your dumb ass. **
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WahooRQ
11/29/2017 2:57PM
You got owned in this thread
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TomKazanski
11/29/2017 4:12PM
Well, at least 5150 is no longer the dumbest person in the thread.
--
WahooRQ
11/29/2017 4:22PM
ROTFLMAO! **
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Hokie5150
11/29/2017 3:00PM
In either case, he is paying what he owes by law, so the money he keeps is
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Hokie5150
11/29/2017 2:00PM
Apparently. **
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Hokie5150
11/29/2017 1:54PM
Prediction
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111Balz
11/29/2017 1:43PM
You nailed it.
--
WahooRQ
11/29/2017 4:32PM
He seems to come up with these takes on issues that are
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111Balz
11/29/2017 5:48PM
No
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WahooMatt05
11/29/2017 1:37PM
How is that the most important question?
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Faz d. Hoo
11/29/2017 12:58PM
I'm just being a smart ass as a follow-up to last night's thread.
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BocaHoo91
11/29/2017 1:00PM
I appreciate a good smart ass comment
--
WahooMatt05
11/29/2017 1:10PM
Yes, the tool does not incorporate the phase out of individual
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111Balz
11/29/2017 12:36PM
Or the new automatic tax increases if not generating what they expected it
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THECZAR
11/29/2017 12:49PM
House plan lose $6,953 and Senate plan gain $5,518
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fphoo
11/29/2017 12:01PM
I'm calling bs on this **
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TomKazanski
11/29/2017 12:41PM
You think I just made up random numbers? Unlike some UVA grads,
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fphoo
11/29/2017 1:44PM
If anyone here is an expert on bs, it would have to be you. **
--
HowieT3
11/29/2017 12:45PM
That's a huge swing...what are the areas of difference between the two
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Hokie5150
11/29/2017 12:03PM
I see I misread your post. Sorry about that.
--
fphoo
11/29/2017 1:55PM
I'm self-employed so I'm used to the heavier tax burden.
--
fphoo
11/29/2017 12:15PM
Great post **
--
111Balz
11/29/2017 12:53PM
About $1000 different either way. But my feeling for this tax reform is
--
JohnHoo2
11/29/2017 11:56AM
If it was about simplification with no cuts I woild be all
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81_Hokie
11/29/2017 12:20PM
House: save 117. Senate: cost 268. Yes. YUGE cut for the
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81_Hokie
11/29/2017 11:52AM
As I have been told here. It might not mean much to you but you know how
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THECZAR
11/29/2017 11:59AM
You could get one of those new induction hot plates, a compatible pan, and
--
Hoo TV
11/29/2017 11:56AM
That shiuld stimulate the economy and creat 1,000 Ronco jobs **
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81_Hokie
11/29/2017 12:22PM
Trickle down, baby! Like manna from heaven. Milk and honey, here we come!
--
Hoo TV
11/29/2017 2:55PM
So do i root for the House plan, that would only cost me $700, or the
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111Balz
11/29/2017 11:15AM
Just paying your "fair share". **
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Hokie5150
11/29/2017 11:47AM
Maybe. Did posting that make your gonads tingle? **
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111Balz
11/29/2017 11:49AM
Odd interest on your part, but whatever floats your boat... **
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Hokie5150
11/29/2017 11:50AM
Hardly changes anything for me. **
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Hokieesith
11/29/2017 11:14AM
And, like Trump, that's the only thing you care about. **
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WaxHoo
11/29/2017 11:37AM
I wanted it to go down. It didn’t. I may need to “get Trump” for this. **
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Hokieesith
11/29/2017 12:12PM
And 1.5 Trillion additional debt **
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81_Hokie
11/29/2017 11:49AM
You have no concerns about whether or not it helps or hurts you? **
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Hokie5150
11/29/2017 11:49AM
Where did I say that? **
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WaxHoo
11/29/2017 12:02PM
Where did Hokieesith say the only thing he cared about was what
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Hokie5150
11/29/2017 12:05PM
He referenced only himself in his post. **
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WaxHoo
11/29/2017 12:10PM
LOL. Well yeah. Because I only have my numbers to work with. Lol.
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Hokieesith
11/29/2017 1:46PM
Bozo sithie hard @ work **
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WaxHoo
11/29/2017 1:47PM
You made an ass out of yourself.
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Hokieesith
11/29/2017 1:51PM
#alt-facts. get a grip, sithie **
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WaxHoo
11/29/2017 3:12PM
Of course this didn’t factor in the 9% tax on pass through
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Hokieesith
11/29/2017 12:16PM
What means does he have to check anyone else's tax status? **
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Hokie5150
11/29/2017 12:12PM
He's an archetype Trumpist: selfish, self centered, self referential
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WaxHoo
11/29/2017 12:23PM
Are you speaking about me? Lol. This is hilarious. **
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Hokieesith
11/29/2017 1:22PM
Your denial is infinitely more hilarious **
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WaxHoo
11/29/2017 1:30PM
Do you want him to pay more or less in taxes? **
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Hokie5150
11/29/2017 12:24PM
I want transparency into how he is conflicted.
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hoolstoptheheels
11/29/2017 12:47PM
LLCs? They pay self employment tax.
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Hokieesith
11/29/2017 1:07PM
I think they do both those things.
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hoolstoptheheels
11/29/2017 1:51PM
I don't give a shit what he pays. I do give a shit that this tax plan
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WaxHoo
11/29/2017 12:29PM
Yes you do. And apparently if I don’t pay more you don’t like it.
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Hokieesith
11/29/2017 1:43PM
Two clown posts from you in sequence, sithie. You're on a roll **
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WaxHoo
11/29/2017 1:45PM
I disagree with your take on Hokieesith's post. I'm middle-class and will
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Hokie5150
11/29/2017 12:31PM
Lucky you. Unfortunately, the GOP is raising taxes on millions (link)
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WaxHoo
11/29/2017 1:22PM
I guess tax increases are only OK when Democrats enact them.
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Hokie5150
11/29/2017 1:31PM
Oh yeah, the Dems Can't discuss this w/o but, but, but
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WaxHoo
11/29/2017 1:35PM
Pay your fair share. Stop being selfish. **
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Hokieesith
11/29/2017 1:37PM
Remarkably clownish post, even for you. **
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WaxHoo
11/29/2017 1:42PM
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