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
| pearly tattoo | 12/18/17 |
| Plum Generalized Bond Cruise Ship | 12/18/17 |
| Offensive base | 12/18/17 |
| Gaped federal garrison | 12/18/17 |
| Startled center giraffe | 12/18/17 |
| drunken insane field | 12/18/17 |
| Charismatic Sable Sound Barrier Partner | 12/18/17 |
| drunken insane field | 12/18/17 |
| mentally impaired crawly mad cow disease range | 12/18/17 |
| silver kink-friendly blood rage | 12/18/17 |
| motley national newt | 12/18/17 |
| Brass beady-eyed milk turdskin | 12/18/17 |
| Charismatic Sable Sound Barrier Partner | 12/18/17 |
| Crystalline philosopher-king police squad | 12/18/17 |
| dashing blathering selfie | 12/18/17 |
| pearly tattoo | 12/18/17 |
| Tan Cerebral Prole | 12/18/17 |
| Charismatic Sable Sound Barrier Partner | 12/18/17 |
| pearly tattoo | 12/18/17 |
| cracking mustard yarmulke senate | 12/18/17 |
| pearly tattoo | 12/18/17 |
| drunken insane field | 12/18/17 |
| Charismatic Sable Sound Barrier Partner | 12/18/17 |
| Tan Cerebral Prole | 12/18/17 |
| Gaped federal garrison | 12/18/17 |
| pale idea he suggested | 12/18/17 |
| Flushed aromatic crackhouse brethren | 12/18/17 |
| Tan Cerebral Prole | 12/18/17 |
| Passionate Frisky Locale | 12/18/17 |
| Confused Rambunctious Rehab | 12/18/17 |
| pearly tattoo | 12/18/17 |
| Confused Rambunctious Rehab | 12/18/17 |
| purple wagecucks party of the first part | 12/18/17 |
| duck-like glassy corner antidepressant drug | 12/18/17 |
| diverse rigor | 12/18/17 |
| Gaped federal garrison | 12/18/17 |
| jade chest-beating indian lodge gay wizard | 12/18/17 |
| Flushed aromatic crackhouse brethren | 12/18/17 |
| mentally impaired crawly mad cow disease range | 12/18/17 |
| Spruce depressive | 12/18/17 |
| Ruby potus | 12/18/17 |
| Tan Cerebral Prole | 12/18/17 |
| Puce odious den new version | 12/18/17 |
| arousing church building | 12/18/17 |
| razzmatazz sick mental disorder | 12/18/17 |
| Dark Fluffy Temple Jap | 12/18/17 |
| diverse rigor | 12/18/17 |
| diverse rigor | 12/18/17 |
| ruddy supple haunted graveyard sanctuary | 12/18/17 |
| aqua library weed whacker | 12/18/17 |
| diverse rigor | 12/18/17 |
| peach quadroon | 12/18/17 |
| Flushed aromatic crackhouse brethren | 12/18/17 |
| idiotic flirting immigrant becky | 12/18/17 |
| jet-lagged cocky masturbator filthpig | 12/18/17 |
| Offensive base | 12/18/17 |
| drunken insane field | 12/18/17 |
| Splenetic Gold Ticket Booth Dysfunction | 12/18/17 |
| Dark Fluffy Temple Jap | 12/18/17 |
| pearly tattoo | 12/18/17 |
| purple wagecucks party of the first part | 12/18/17 |
| Dark Fluffy Temple Jap | 12/18/17 |
| Irradiated Arrogant Area | 12/18/17 |
| swollen wrinkle | 12/18/17 |
| naked marvelous doctorate | 12/18/17 |
| Crystalline philosopher-king police squad | 12/18/17 |
| Indigo Laughsome Stock Car | 12/18/17 |
| diverse rigor | 12/18/17 |
| purple wagecucks party of the first part | 12/18/17 |
| floppy locus toaster | 12/18/17 |
| naked marvelous doctorate | 12/18/17 |
| pearly tattoo | 12/18/17 |
| Flushed aromatic crackhouse brethren | 12/18/17 |
| pale idea he suggested | 12/18/17 |
| naked marvelous doctorate | 12/18/17 |
Poast new message in this thread
Date: December 18th, 2017 1:56 AM Author: pearly tattoo 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: Plum Generalized Bond Cruise Ship 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: Offensive base 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: Gaped federal garrison 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: Startled center giraffe (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949504) |
Date: December 18th, 2017 1:57 AM Author: drunken insane field Move. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946704) |
|
Date: December 18th, 2017 1:59 AM Author: Charismatic Sable Sound Barrier Partner 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: drunken insane field So problem solved (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946752) |
|
Date: December 18th, 2017 6:49 AM Author: mentally impaired crawly mad cow disease range 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: silver kink-friendly blood rage (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947398) |
|
Date: December 18th, 2017 12:41 PM Author: motley national newt (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948948) |
|
Date: December 18th, 2017 12:44 PM Author: Brass beady-eyed milk turdskin (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948976) |
|
Date: December 18th, 2017 1:05 PM Author: Charismatic Sable Sound Barrier Partner ? (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949105) |
|
Date: December 18th, 2017 2:04 PM Author: Crystalline philosopher-king police squad (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949591) |
|
Date: December 18th, 2017 2:05 PM Author: dashing blathering selfie Lol (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949599) |
|
Date: December 18th, 2017 1:59 AM Author: pearly tattoo 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: Tan Cerebral Prole 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: Charismatic Sable Sound Barrier Partner 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: pearly tattoo 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: cracking mustard yarmulke senate 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: pearly tattoo 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: drunken insane field 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: Charismatic Sable Sound Barrier Partner 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: Tan Cerebral Prole pumo living in CA = shitlib
eat shit |
|
Date: December 18th, 2017 1:11 PM Author: Gaped federal garrison 18000000 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949157) |
|
Date: December 18th, 2017 1:13 PM Author: pale idea he suggested (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949165) |
|
Date: December 18th, 2017 1:58 AM Author: Flushed aromatic crackhouse brethren 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: Tan Cerebral Prole yup 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946713) |
|
Date: December 18th, 2017 2:08 AM Author: Passionate Frisky Locale 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946766) |
|
Date: December 18th, 2017 2:29 AM Author: Confused Rambunctious Rehab cr 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946807) |
|
Date: December 18th, 2017 2:38 AM Author: pearly tattoo 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: Confused Rambunctious Rehab 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: purple wagecucks party of the first part (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947097) |
|
Date: December 18th, 2017 1:35 PM Author: duck-like glassy corner antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949355) |
|
Date: December 18th, 2017 1:51 PM Author: diverse rigor lmaooooooooooooooo tcr. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949494) |
|
Date: December 18th, 2017 2:16 PM Author: Gaped federal garrison 157847633 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949706) |
|
Date: December 18th, 2017 9:00 AM Author: jade chest-beating indian lodge gay wizard 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: Flushed aromatic crackhouse brethren 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: mentally impaired crawly mad cow disease range (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947119) |
|
Date: December 18th, 2017 9:53 AM Author: Spruce depressive (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947736) |
|
Date: December 18th, 2017 2:00 AM Author: Ruby potus 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: Tan Cerebral Prole 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: Puce odious den new version (idiot socialist freak) (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946843) |
|
Date: December 18th, 2017 2:35 AM Author: arousing church building 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: razzmatazz sick mental disorder (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949089) |
|
Date: December 18th, 2017 1:07 PM Author: Dark Fluffy Temple Jap 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: diverse rigor 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: diverse rigor 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: ruddy supple haunted graveyard sanctuary 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: aqua library weed whacker 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: diverse rigor (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949583) |
|
Date: December 18th, 2017 6:47 AM Author: peach quadroon 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: Flushed aromatic crackhouse brethren 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: idiotic flirting immigrant becky 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: jet-lagged cocky masturbator filthpig 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: Offensive base cr (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947434) |
|
Date: December 18th, 2017 12:42 PM Author: drunken insane field (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948960) |
|
Date: December 18th, 2017 12:58 PM Author: Splenetic Gold Ticket Booth Dysfunction 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: Dark Fluffy Temple Jap (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949067) |
|
Date: December 18th, 2017 1:40 PM Author: pearly tattoo 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: purple wagecucks party of the first part 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: Dark Fluffy Temple Jap ((((media)))) (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949741) |
|
Date: December 18th, 2017 1:53 PM Author: Irradiated Arrogant Area 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: swollen wrinkle 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: naked marvelous doctorate 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: Crystalline philosopher-king police squad 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: Indigo Laughsome Stock Car 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: diverse rigor 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: purple wagecucks party of the first part 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: floppy locus toaster (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949701) |
|
Date: December 18th, 2017 2:19 PM Author: naked marvelous doctorate 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: pearly tattoo 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: Flushed aromatic crackhouse brethren 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: pale idea he suggested lol (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34950096) |
|
Date: December 18th, 2017 2:44 PM Author: naked marvelous doctorate 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) |