New Senate Tax Plan

[Spirit]

People here are only getting money back because we're all part of the 1%.

 

 

[Catwhoshatinthehat]

I think the thread is dying because now the plan is passed.  If we stay in our place for us 2018 is pretty close to 2017 as far as our federal tax liability because our mortgage interest/SALT deduction is basically the new standard deduction.  If we make the move to a house we'll pay a bit more than we would have under the old structure because of the SALT deduction limitation.  At the end of the day we're going to pay what we're going to pay and there's really nothing we can do about it so I'm not going to lose sleep over it.

[gotbeer]

And yet another huge win for the tax plan.

 

Cheers! Cider, craft beer makers get U.S. tax cut in new year

 

[gotbeer]

17 minutes ago, calscuf said:

Maybe it's because I make more than you guys, but I've spoken with my accountant and he said the difference for me would be negligible.  Perhaps you guys shouldn't be putting the down payment on the pool just yet.

Aren't you a small business owner?  I.E. isn't the law firm yours?  Because you should be seeing some good breaks if this is the case.  

[Adam]

The biggest benefit goes to C-Corps

[Tank]

2 hours ago, calscuf said:

I suppose I should disclose that my accountant is not Jewish, so take what he tells me with a grain of salt.

seems like you're taking an unnecessary risk on this, cals. you need to call this guy asap. http://www.mgocpa.com/people/kenneth-l-goldman/

[gotbeer]

4 hours ago, calscuf said:

I suppose I should disclose that my accountant is not Jewish, so take what he tells me with a grain of salt.

See, there is your problem.  Next to Jewish, I'd hire @m0nkey.  He's Asian, so almost as good.  Just watch out though.  Since he's Asian and not Jewish, he might steal your money for gambling, hookers, and booze.  

[arch stanton]

I trust about 2/3 of my paycheck to an Asian Accountant every month. Of course, she's also my wife so maybe it's not so much trust her with as it is grudgingly fork over to

[Tank]

8 hours ago, arch stanton said:

I trust about 2/3 of my paycheck to an Asian Accountant every month. Of course, she's also my wife so maybe it's not so much trust her with as it is grudgingly fork over to

Sleeping with your accountant . . . not a bad approach.

[Glen]

https://www.cbsnews.com/news/trump-mar-a-lago-christmas-trip/

 

President Trump kicked off his holiday weekend at Mar-a-Lago Friday night at a dinner where he told friends, "You all just got a lot richer," referencing the sweeping tax overhaul he signed into law hours earlier.

 

Looking forward to some of that sweet trickle-down action.

[m0nkey]

13 hours ago, gotbeer said:

See, there is your problem.  Next to Jewish, I'd hire @m0nkey.  He's Asian, so almost as good.  Just watch out though.  Since he's Asian and not Jewish, he might steal your money for gambling, hookers, and booze.  

CPA and yet I don't know how this affects me

[RallyMo]

19 minutes ago, m0nkey said:

CPA and yet I don't know how this affects me

I'm sure you'll be able to write off your inevitable 2018 Clippers NBA Finals tickets. CONGRATS!

[m0nkey]

1 hour ago, RallyMo said:

I'm sure you'll be able to write off your inevitable 2018 Clippers NBA Finals tickets. CONGRATS!

RIDE WITH US, OR COLLIDE WITH US 

[RallyMo]

1 hour ago, m0nkey said:

RIDE WITH US, OR COLLIDE WITH US 

There is no other way!

[Glen]

19 hours ago, m0nkey said:

RIDE WITH US, OR COLLIDE WITH US 

Worst rap song of the year.

[Spirit]

[Kevin]

1 hour ago, Geoff said:

To be fair, I might sacrifice the middle class so I didn't have to associate with Ted Cruz. 

[Spirit]

2 minutes ago, Kevin said:

To be fair, I might sacrifice the middle class so I didn't have to assciate with Ted Cruz. 

 

Only "might?"

 

[red321]

outside of people looking for porn site recommendations does anyone follow Cruz on twitter?

Edited December 28, 2017 by red321

[mtangelsfan]

I think mostly pedos follow ted.

[Spirit]

49 minutes ago, red321 said:

outside of people looking for porn site recommendations does anyone follow Cruz on twitter?

 

He's a good one to troll.

 

 

[wopphil]

On 12/23/2017 at 12:46 PM, calscuf said:

Maybe it's because I make more than you guys, but I've spoken with my accountant and he said the difference for me would be negligible.  Perhaps you guys shouldn't be putting the down payment on the pool just yet.

By my quick and dirty math (granted, I am neither Jewish nor Asian), I am going to lose about $30,000 in deductions (exemptions of $20,000, and another $10,000 in state taxes), which will eliminate any relief I get from the lower brackets. But I'll pick up $6,000 in child tax credit. Perhaps you should have more kids?

All in all, I think I'll save $4,000 a year. Which is enough to pay for my new pool (I'll be breaking ground in spring; you can come over with your family and use it if you bring me some craft IPAs).

[Tank]

32 minutes ago, wopphil said:

All in all, I think I'll save $4,000 a year. Which is enough to pay for my new pool (I'll be breaking ground in spring; you can come over with your family and use it if you bring me some craft IPAs).

I hope this offer applies to your non-attorney friends, especially the ones who have some lovely pumpkin beer they'd love to pass along to YOU, one of the nicest people on the entire internet.

[wopphil]

36 minutes ago, Tank said:

I hope this offer applies to your non-attorney friends, especially the ones who have some lovely pumpkin beer they'd love to pass along to YOU, one of the nicest people on the entire internet.

Sorry Tank. While you are a cool dude, I am not sure I know how to barbeque kale.

[Blarg]

It's pretty simple. You lay the kale out to dry in the sun then stack it under the coals as a fire starter instead of newspaper. 

Think of Pumpkin Beer as a craft fertilizer, not for human consumption.

Edited December 29, 2017 by Blarg