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.

On Thursday, December 28, 2017 at 4:39:38 AM UTC-5, Andy Blackburn wrote:
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.

Same here.
UH

Gents - sorry to contribute to the thread drift but if we evaluate the tax bill based on the minor affects it has on our middle class taxes, we took the "head fake". The tragedy of this tax bill is the huge transfer of wealth to the top wage earners and the rich.

Lou

Hey.....put a trailer vent in it......no crying ..... the man is asking for support to the Eagle fund.
Give $100, claim $1000. Nobody checks.

R

CPA

On Thursday, December 28, 2017 at 11:21:17 AM UTC-5, Retting wrote:
Hey.....put a trailer vent in it......no crying ..... the man is asking for support to the Eagle fund.
Give $100, claim $1000. Nobody checks.

R

CPA

Maybe do it because it is the right thing to do and makes you feel good doing good. That's what I did.
Better reason than tax strategy in my view.
UH

Excellent point - I just gave. Hopefully the AMT doesn't get me, but it's a good cause regardless.

On Thursday, December 28, 2017 at 8:21:17 AM UTC-8, Retting wrote:
Hey.....put a trailer vent in it......no crying ..... the man is asking for support to the Eagle fund.
Give $100, claim $1000. Nobody checks.

R

CPA

On Thursday, December 28, 2017 at 8:21:17 AM UTC-8, Retting wrote:
Hey.....put a trailer vent in it......no crying ..... the man is asking for support to the Eagle fund.
Give $100, claim $1000. Nobody checks.

R

CPA

You ARE a "CPA?" Hope not, you could get your license revoked. Friends, DON'T cheat on your taxes; we are all well off enough that we can do it legally. I am surprised that I even have to write this...

Tom

"Don't cheat on your taxes" geesh, what have we got here internet police? I keep every dang dollar I can from those money grubbing federalists! They get enough from me already. And if you think the new tax deal is a shamm, let me ask you, when is the last time you heard any administration trying to ease up on our tax burden? You HAVE'NT untill Trump got in there!

While you cry that you think only the "rich" are getting a break, you might want to take a look at how our economy is finally getting going and your 401k is once again worth something after 8 years of stagnation!

Viva la Trumpmeister!

On Friday, December 29, 2017 at 7:12:29 PM UTC-8, wrote:
"Don't cheat on your taxes" geesh, what have we got here internet police? I keep every dang dollar I can from those money grubbing federalists! They get enough from me already. And if you think the new tax deal is a shamm, let me ask you, when is the last time you heard any administration trying to ease up on our tax burden? You HAVE'NT untill Trump got in there!

While you cry that you think only the "rich" are getting a break, you might want to take a look at how our economy is finally getting going and your 401k is once again worth something after 8 years of stagnation!

Viva la Trumpmeister!

Sure, you bet. Why don't you include your SSN while you're at it.

Tom

On Thursday, December 28, 2017 at 1:39:38 AM UTC-8, Andy Blackburn wrote:
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.

Andy,

NINETY FIVE PERCENT of Americans are getting a tax cut. If you are in the 5% group and are a wealthy person living in those states you mention: GOOD LUCK! You will pay for your tax increase thru your wealth gains.