SSA Eagle Fund Appeal 2017

On Wednesday, December 27, 2017 at 8:43:13 PM UTC-8, 2G wrote:
On Wednesday, December 27, 2017 at 7:25:30 PM UTC-8, wrote:
Gee, I was worried about what to do with my tax "windfall," but I think I will just go wild and buy a package of the Double Thick Oreos instead of the standard skinny ones. Trying to make a living selling glider equipment doesn't exactly make me spend a lot of time deciding between a Ventus 3 and a JS-3. If I suddenly get wealthy enough to donate to charity, it will probably five bucks to the guy at the intersection with the cardboard sign. But only if there aren't any misspelled words.

Oh, I see we have yet ANOTHER tax cut "denier." I challenge you to take your last tax return and see how much your savings will be using any one of a number of tax calculators such as https://www.calcxml.com/calculators/...orm-calculator. If you are REALLY brave, report back to us with the results! BTW, my personal tax cut is about $2,700.

Tom

Run it in California Tom - or New York, or New Jersey. The loss in the SALT deduction more than offsets the lower rates, slightly higher brackets, or the standard deduction if you don't have mortgage interest to deduct. It doesn't take much calculating to figure out where a 2.4% drop in the top marginal rate is overwhelmed by a $10,000 cap on the SALT deduction, which today is effectively a 4-5% tax rebate (even more if you pay property taxes). My taxes are going up a lot.