The most prestigious law school admissions discussion board in the world.
|
 |
 
|
CA homeowner mo here - tax bill going up by $13k+ next year on same income
| Arousing Confused Haunted Graveyard | 12/18/17 |
| Sooty Hyperactive Roast Beef Bawdyhouse | 12/18/17 |
| Vengeful adulterous step-uncle's house legend | 12/18/17 |
| Soul-stirring Philosopher-king | 12/18/17 |
| Low-t scarlet library | 12/18/17 |
| Spruce sanctuary | 12/18/17 |
| orange casino | 12/18/17 |
| Spruce sanctuary | 12/18/17 |
| Passionate Hot Gaping Resort | 12/18/17 |
| Copper Mischievous Indian Lodge | 12/18/17 |
| Stubborn digit ratio | 12/18/17 |
| saffron business firm genital piercing | 12/18/17 |
| orange casino | 12/18/17 |
| Useless lascivious windowlicker | 12/18/17 |
| Pontificating Big-titted Stain Area | 12/18/17 |
| Arousing Confused Haunted Graveyard | 12/18/17 |
| learning disabled deer antler public bath | 12/18/17 |
| orange casino | 12/18/17 |
| Arousing Confused Haunted Graveyard | 12/18/17 |
| Fragrant french chef | 12/18/17 |
| Arousing Confused Haunted Graveyard | 12/18/17 |
| Spruce sanctuary | 12/18/17 |
| orange casino | 12/18/17 |
| learning disabled deer antler public bath | 12/18/17 |
| Soul-stirring Philosopher-king | 12/18/17 |
| kink-friendly frisky corner black woman | 12/18/17 |
| Carmine federal principal's office marketing idea | 12/18/17 |
| learning disabled deer antler public bath | 12/18/17 |
| Charismatic locus | 12/18/17 |
| Mind-boggling bat shit crazy pisswyrm | 12/18/17 |
| Arousing Confused Haunted Graveyard | 12/18/17 |
| Mind-boggling bat shit crazy pisswyrm | 12/18/17 |
| shimmering cumskin | 12/18/17 |
| Dashing Messiness Main People | 12/18/17 |
| violent blue heaven quadroon | 12/18/17 |
| Soul-stirring Philosopher-king | 12/18/17 |
| twinkling mad cow disease | 12/18/17 |
| Carmine federal principal's office marketing idea | 12/18/17 |
| Passionate Hot Gaping Resort | 12/18/17 |
| electric lavender chapel | 12/18/17 |
| tripping rigpig | 12/18/17 |
| learning disabled deer antler public bath | 12/18/17 |
| Mustard gaming laptop | 12/18/17 |
| Comical hideous orchestra pit milk | 12/18/17 |
| Deranged 180 Alpha | 12/18/17 |
| crimson magical university factory reset button | 12/18/17 |
| violent blue heaven quadroon | 12/18/17 |
| violent blue heaven quadroon | 12/18/17 |
| Irradiated Turdskin House | 12/18/17 |
| Stimulating nudist double fault | 12/18/17 |
| violent blue heaven quadroon | 12/18/17 |
| Carnelian Indirect Expression Office | 12/18/17 |
| Carmine federal principal's office marketing idea | 12/18/17 |
| self-absorbed trip masturbator | 12/18/17 |
| Exciting chad fat ankles | 12/18/17 |
| Vengeful adulterous step-uncle's house legend | 12/18/17 |
| Spruce sanctuary | 12/18/17 |
| bearded dull therapy queen of the night | 12/18/17 |
| crimson magical university factory reset button | 12/18/17 |
| Arousing Confused Haunted Graveyard | 12/18/17 |
| shimmering cumskin | 12/18/17 |
| crimson magical university factory reset button | 12/18/17 |
| exhilarant point round eye | 12/18/17 |
| hairraiser slippery clown | 12/18/17 |
| Free-loading dead theatre | 12/18/17 |
| Useless lascivious windowlicker | 12/18/17 |
| amber dysfunction volcanic crater | 12/18/17 |
| violent blue heaven quadroon | 12/18/17 |
| shimmering cumskin | 12/18/17 |
| Maroon stage macaca | 12/18/17 |
| Free-loading dead theatre | 12/18/17 |
| Arousing Confused Haunted Graveyard | 12/18/17 |
| Carmine federal principal's office marketing idea | 12/18/17 |
| kink-friendly frisky corner black woman | 12/18/17 |
| Free-loading dead theatre | 12/18/17 |
Poast new message in this thread
Date: December 18th, 2017 1:56 AM Author: Arousing Confused Haunted Graveyard roughly make $500k/year. for 2017, i pay $44k in CA state income tax and $15k of property taxes (on a $1.5mil home) that i can deduct from my gross federal income. AMT adds $12k back to my tax bill.
next year my deductions go from $59k to the cap of $10k. so i lose $49k in deductions. the $12k i make back by doing away with the AMT plus the lower marginal tax rates don't come anywhere close to making up the difference. out of pocket calculates out to ~$13k higher federal tax bill. that's severe. |
 |
Date: December 18th, 2017 2:05 AM Author: Sooty Hyperactive Roast Beef Bawdyhouse What are your results on taxplancalculator.com? I’m seeing a few thousands in savings for you, assuming your married. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946748) |
|
Date: December 18th, 2017 3:05 AM Author: Vengeful adulterous step-uncle's house legend MAGA! Pay your share lib (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946850) |
|
Date: December 18th, 2017 1:09 PM Author: Soul-stirring Philosopher-king Took a concord here to poast this (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949134) |
|
Date: December 18th, 2017 1:52 PM Author: Low-t scarlet library (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949504) |
Date: December 18th, 2017 1:57 AM Author: Spruce sanctuary Move. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946704) |
|
Date: December 18th, 2017 1:59 AM Author: orange casino Well, that would eliminate my income and therefore my tax liability. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946715) |
|
Date: December 18th, 2017 2:05 AM Author: Spruce sanctuary So problem solved (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946752) |
|
Date: December 18th, 2017 6:49 AM Author: Passionate Hot Gaping Resort you forgot to log back into your pumo (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947120) |
|
Date: December 18th, 2017 8:53 AM Author: Copper Mischievous Indian Lodge (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947398) |
|
Date: December 18th, 2017 12:41 PM Author: Stubborn digit ratio (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948948) |
|
Date: December 18th, 2017 12:44 PM Author: saffron business firm genital piercing (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948976) |
|
Date: December 18th, 2017 1:05 PM Author: orange casino ? (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949105) |
|
Date: December 18th, 2017 2:04 PM Author: Useless lascivious windowlicker (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949591) |
|
Date: December 18th, 2017 2:05 PM Author: Pontificating Big-titted Stain Area Lol (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949599) |
|
Date: December 18th, 2017 1:59 AM Author: Arousing Confused Haunted Graveyard but then i lose the mortgage interest deduction that's grandfathered in on my $1.5mil home. anywhere else i move would be a new mortgage with interest deductions capped at $750k. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946716) |
|
Date: December 18th, 2017 2:00 AM Author: learning disabled deer antler public bath flame, the tax bill kept the 750k interest deduction on 2nd homes. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946718) |
|
Date: December 18th, 2017 2:00 AM Author: orange casino Yeah but outside of NYC, DC, and Seattle metros you're not buying a $1.5M home outside of CA. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946721) |
|
Date: December 18th, 2017 2:04 AM Author: Arousing Confused Haunted Graveyard you are if you move to franklin, tn and build something in the 6500-7500sq ft range, and why wouldn't you? (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946744) |
|
Date: December 18th, 2017 2:03 AM Author: Fragrant french chef then he couldnt screw rentmos by profiting from prop 13 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946731) |
|
Date: December 18th, 2017 2:08 AM Author: Arousing Confused Haunted Graveyard i can still screw rentmos by moving and renting out my house for $6k/month. rentmos definitely won't be able to afford homes in cali with SALT capped at $10k. and not many people holding existing homes will want to sell or move so rental stock will be low and command a premium. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946763) |
|
Date: December 18th, 2017 2:09 AM Author: Spruce sanctuary Good. Just don’t move to Texas. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946771) |
|
Date: December 18th, 2017 1:58 AM Author: orange casino Similar ballpark here. Sticking my fingers in my ears for the time being, but fuck. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946706) |
|
Date: December 18th, 2017 1:58 AM Author: learning disabled deer antler public bath pumo living in CA = shitlib
eat shit |
|
Date: December 18th, 2017 1:11 PM Author: Soul-stirring Philosopher-king 18000000 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949157) |
|
Date: December 18th, 2017 1:13 PM Author: kink-friendly frisky corner black woman (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949165) |
|
Date: December 18th, 2017 1:58 AM Author: Carmine federal principal's office marketing idea 180. time to pay your share. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946711) |
|
Date: December 18th, 2017 1:59 AM Author: learning disabled deer antler public bath yup 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946713) |
|
Date: December 18th, 2017 2:08 AM Author: Charismatic locus 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946766) |
|
Date: December 18th, 2017 2:29 AM Author: Mind-boggling bat shit crazy pisswyrm cr 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946807) |
|
Date: December 18th, 2017 2:38 AM Author: Arousing Confused Haunted Graveyard our share of what? we're less of a drain on federal resources per capita than most states in the southeast even factoring in the SALT "subsidy", and our state social services mean those destitute folks aren't the federal goveenment's charge nor other states' problem since it keeps all the weirdos here. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946812) |
|
Date: December 18th, 2017 2:44 AM Author: Mind-boggling bat shit crazy pisswyrm Yeah but Californians are also huge fags and our faggotry spreads all over the country and we need to pay for this externality. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946819) |
|
Date: December 18th, 2017 6:34 AM Author: shimmering cumskin (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947097) |
|
Date: December 18th, 2017 1:35 PM Author: Dashing Messiness Main People (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949355) |
|
Date: December 18th, 2017 1:51 PM Author: violent blue heaven quadroon lmaooooooooooooooo tcr. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949494) |
|
Date: December 18th, 2017 2:16 PM Author: Soul-stirring Philosopher-king 157847633 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949706) |
|
Date: December 18th, 2017 9:00 AM Author: twinkling mad cow disease is the per capita claim specious? is it really welfare per person or are we talking about welfare per non-illegals, but illegals get it or are we talking about roads and infrastructure per person so montana looks like it's a drain, but that's not really a fair metric?
|
|
Date: December 18th, 2017 2:14 PM Author: Carmine federal principal's office marketing idea I'm not comparing states. I'm comparing taxpayers. You don't have to pay federal taxes that other high earners elsewhere do because of your high local taxes. But your high local taxes don't benefit those in other states who don't get that deduction. If you want lower local taxes then vote for lower local taxes or move.
Plus I don't even think the states thing is correct anyway putting aside it's a stupid comparison and trotted out as a way for poors in lib states to feel superior. There was a big study on this.
You also shouldn't get subsidized because you are a home owner. Pay your fair share. |
|
Date: December 18th, 2017 6:48 AM Author: Passionate Hot Gaping Resort (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947119) |
|
Date: December 18th, 2017 9:53 AM Author: electric lavender chapel (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947736) |
|
Date: December 18th, 2017 2:00 AM Author: tripping rigpig your tax bill is still too fucking low (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946719) |
|
Date: December 18th, 2017 2:01 AM Author: learning disabled deer antler public bath as a pumo CA shitlib anything less than 100% income confiscation is too low (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946723) |
|
Date: December 18th, 2017 3:02 AM Author: Mustard gaming laptop (idiot socialist freak) (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946843) |
|
Date: December 18th, 2017 2:35 AM Author: Comical hideous orchestra pit milk Why don't you morons kill Prop 13 and make the olds pay their fair share. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946810) |
|
Date: December 18th, 2017 1:02 PM Author: Deranged 180 Alpha (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949089) |
|
Date: December 18th, 2017 1:07 PM Author: crimson magical university factory reset button just opposite, we might pass something that lets boomers take their low prop tax to a new property entirely LOL (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949118) |
|
Date: December 18th, 2017 1:51 PM Author: violent blue heaven quadroon wait, what? LMAO THESE PEOPLE ARE THE FUCKING WORST AND WE LET THEM DO IT. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949499) |
|
Date: December 18th, 2017 1:59 PM Author: violent blue heaven quadroon PLEASE post a link (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949557) |
|
Date: December 18th, 2017 2:46 AM Author: Irradiated Turdskin House http://xoxohth.com/thread.php?thread_id=3831410&mc=5&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946823) |
|
Date: December 18th, 2017 6:39 AM Author: Stimulating nudist double fault i'm having a hard time feeling bad for you when your income is $500K (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947103) |
|
Date: December 18th, 2017 2:02 PM Author: violent blue heaven quadroon (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949583) |
|
Date: December 18th, 2017 6:47 AM Author: Carnelian Indirect Expression Office You and your ilk keep voting shitlibs into office, raising your taxes to give the money to illegals, public unions, and "progressive" corporations. So it's all worth it, right? (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947115) |
|
Date: December 18th, 2017 2:16 PM Author: Carmine federal principal's office marketing idea And then complain that they can no longer deduct it all in their federal taxes (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949705) |
|
Date: December 18th, 2017 8:37 AM Author: self-absorbed trip masturbator I’m also in a situation where I was expecting to get screwed badly — married, 3 kids, 380k HHI, $750k mortgage, 30k/year property taxes and ~20k state income tax. Last year paid $7500 in AMT, which means I got to deduct none of my property taxes and a good chunk of the state tax deduction was also excluded. Yet http://taxplancalculator.com says I’ll het around a $3k cut, NOT including AMT repeal, so savings should be around 10k.
If you’re losing 49k in deductions that’s 17.5k in taxes at 35%. So get rid of AMT and you’re only down 5k before lower marginal rates are considered. Granted, the rate cuts are a bit better for marriedmos (if your single) and you won’t get a child tax credit (if childless) to offset loss of your personal exemption. |
|
Date: December 18th, 2017 8:42 AM Author: Exciting chad fat ankles If you live in CA you should have ur taxes raised 50% (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947364) |
|
Date: December 18th, 2017 9:01 AM Author: Vengeful adulterous step-uncle's house legend cr (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947434) |
|
Date: December 18th, 2017 12:42 PM Author: Spruce sanctuary (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948960) |
|
Date: December 18th, 2017 12:58 PM Author: bearded dull therapy queen of the night Are you sure? According to the calculator people are linking here, the hit from elimination of SALT shouldn’t be that bad once you figure in elimination of AMT under $1m, lower marginal brackets and $10k for property taxes. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949065) |
|
Date: December 18th, 2017 12:58 PM Author: crimson magical university factory reset button (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949067) |
|
Date: December 18th, 2017 1:40 PM Author: Arousing Confused Haunted Graveyard yeah, that calculator is pretty favorable. i guess the lower marginal tax rates have a bigger impact than i was expecting. i should come out ahead.
not sure why all the dire predictions that this will kill the cali housing market. perhaps for those who weren't being hit by AMT previously and have homes in the $2mil+ range? |
|
Date: December 18th, 2017 2:14 PM Author: shimmering cumskin probably bc it's politically expedient to claim that your opponent is threatening the most valuable asset held by many likely voters also bc realtors are self-interested leeches that make lawyers look benevolent and virtuous by comparison |
|
Date: December 18th, 2017 2:20 PM Author: crimson magical university factory reset button ((((media)))) (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949741) |
|
Date: December 18th, 2017 1:53 PM Author: exhilarant point round eye i'm very relieved and happy after using that tax calculator . I hope it's accurate (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949515) |
|
Date: December 18th, 2017 2:04 PM Author: hairraiser slippery clown I thought this was gonna cost me like $15k/year but the calculator says it's gonna save me $5-10k. Wish there was another calculator to compare results.
Obviously, a $20k swing is massive for me. |
|
Date: December 18th, 2017 2:05 PM Author: Free-loading dead theatre Good! Suck it blue state scum! (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949603) |
|
Date: December 18th, 2017 2:05 PM Author: Useless lascivious windowlicker Man you make 500k. Stfu and pay whatever the government needs you to. jfc. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949604) |
|
Date: December 18th, 2017 2:09 PM Author: amber dysfunction volcanic crater Remember when Libs we're crowing about how paying taxes is patriotic and now they're completely ass blasted that their taxes won't be subsidized anymore by the rest of us? (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949638) |
|
Date: December 18th, 2017 2:12 PM Author: violent blue heaven quadroon what a time to be alive. lmao. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949667) |
|
Date: December 18th, 2017 2:15 PM Author: shimmering cumskin tbf this makes u sound surprised that libs don't want to do something patriotic (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949698) |
|
Date: December 18th, 2017 2:15 PM Author: Maroon stage macaca (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949701) |
|
Date: December 18th, 2017 2:19 PM Author: Free-loading dead theatre Pay your fair share!!! Hahaha (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949737) |
|
Date: December 18th, 2017 2:41 PM Author: Arousing Confused Haunted Graveyard so many poasters triggered itt thinking OP must be shitlib. Cali is where the jerbs are regardless of political persuasion. dude's just trying to earn a living and own a home and shouldn't be blasted by taxes at his income bracket. we should reward success. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949889) |
|
Date: December 18th, 2017 3:04 PM Author: Carmine federal principal's office marketing idea I think most here agree. But because we penalize it, we want it to be penalized fairly across the board. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34950071) |
|
Date: December 18th, 2017 3:06 PM Author: kink-friendly frisky corner black woman lol (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34950096) |
|
Date: December 18th, 2017 2:44 PM Author: Free-loading dead theatre It’s mostly uneducated, backwoods baptists that don’t like Catholics. With the gutting of the mainstream Protestant churches, Catholicism has become the new type of WASP religion for America. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949911) |