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
| provocative stubborn cruise ship | 12/18/17 |
| Medicated Contagious Library Incel | 12/18/17 |
| spectacular milk son of senegal | 12/18/17 |
| silver bearded rehab juggernaut | 12/18/17 |
| Buck-toothed vivacious kitchen | 12/18/17 |
| Bateful Abnormal International Law Enforcement Agency Newt | 12/18/17 |
| passionate meetinghouse private investor | 12/18/17 |
| Bateful Abnormal International Law Enforcement Agency Newt | 12/18/17 |
| crawly generalized bond reading party | 12/18/17 |
| Topaz keepsake machete | 12/18/17 |
| Aqua theater bbw | 12/18/17 |
| Wine Trip Stag Film | 12/18/17 |
| passionate meetinghouse private investor | 12/18/17 |
| maroon aggressive elastic band pozpig | 12/18/17 |
| filthy gay wizard | 12/18/17 |
| provocative stubborn cruise ship | 12/18/17 |
| Light heady parlor affirmative action | 12/18/17 |
| passionate meetinghouse private investor | 12/18/17 |
| provocative stubborn cruise ship | 12/18/17 |
| orange big state | 12/18/17 |
| provocative stubborn cruise ship | 12/18/17 |
| Bateful Abnormal International Law Enforcement Agency Newt | 12/18/17 |
| passionate meetinghouse private investor | 12/18/17 |
| Light heady parlor affirmative action | 12/18/17 |
| silver bearded rehab juggernaut | 12/18/17 |
| obsidian stimulating station | 12/18/17 |
| Appetizing onyx mad cow disease | 12/18/17 |
| Light heady parlor affirmative action | 12/18/17 |
| ebony stage foreskin | 12/18/17 |
| Misunderstood Hominid | 12/18/17 |
| provocative stubborn cruise ship | 12/18/17 |
| Misunderstood Hominid | 12/18/17 |
| Exhilarant violet marketing idea tattoo | 12/18/17 |
| Duck-like Resort Macaca | 12/18/17 |
| very tactful digit ratio | 12/18/17 |
| silver bearded rehab juggernaut | 12/18/17 |
| sick becky school cafeteria | 12/18/17 |
| Appetizing onyx mad cow disease | 12/18/17 |
| crawly generalized bond reading party | 12/18/17 |
| Lilac queen of the night hissy fit | 12/18/17 |
| crusty impressive background story | 12/18/17 |
| Light heady parlor affirmative action | 12/18/17 |
| magical coffee pot | 12/18/17 |
| Fear-inspiring Irradiated Corner | 12/18/17 |
| Comical Underhanded Regret Principal's Office | 12/18/17 |
| translucent place of business stage | 12/18/17 |
| very tactful digit ratio | 12/18/17 |
| very tactful digit ratio | 12/18/17 |
| Fragrant chapel | 12/18/17 |
| Talented Big-titted Gunner Main People | 12/18/17 |
| very tactful digit ratio | 12/18/17 |
| Lake Nighttime Potus | 12/18/17 |
| Appetizing onyx mad cow disease | 12/18/17 |
| racy blood rage masturbator | 12/18/17 |
| spruce floppy home | 12/18/17 |
| spectacular milk son of senegal | 12/18/17 |
| Bateful Abnormal International Law Enforcement Agency Newt | 12/18/17 |
| Razzmatazz filthpig | 12/18/17 |
| translucent place of business stage | 12/18/17 |
| provocative stubborn cruise ship | 12/18/17 |
| Exhilarant violet marketing idea tattoo | 12/18/17 |
| translucent place of business stage | 12/18/17 |
| titillating set puppy | 12/18/17 |
| cerebral brindle piazza rigor | 12/18/17 |
| electric circlehead | 12/18/17 |
| maroon aggressive elastic band pozpig | 12/18/17 |
| Beady-eyed anal idea he suggested | 12/18/17 |
| very tactful digit ratio | 12/18/17 |
| Exhilarant violet marketing idea tattoo | 12/18/17 |
| Painfully honest property famous landscape painting | 12/18/17 |
| electric circlehead | 12/18/17 |
| provocative stubborn cruise ship | 12/18/17 |
| Appetizing onyx mad cow disease | 12/18/17 |
| obsidian stimulating station | 12/18/17 |
| electric circlehead | 12/18/17 |
Poast new message in this thread
Date: December 18th, 2017 1:56 AM Author: provocative stubborn cruise ship 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: Medicated Contagious Library Incel 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: spectacular milk son of senegal 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: silver bearded rehab juggernaut 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: Buck-toothed vivacious kitchen (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949504) |
Date: December 18th, 2017 1:57 AM Author: Bateful Abnormal International Law Enforcement Agency Newt Move. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946704) |
|
Date: December 18th, 2017 1:59 AM Author: passionate meetinghouse private investor 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: Bateful Abnormal International Law Enforcement Agency Newt So problem solved (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946752) |
|
Date: December 18th, 2017 6:49 AM Author: crawly generalized bond reading party 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: Topaz keepsake machete (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947398) |
|
Date: December 18th, 2017 12:41 PM Author: Aqua theater bbw (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948948) |
|
Date: December 18th, 2017 12:44 PM Author: Wine Trip Stag Film (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948976) |
|
Date: December 18th, 2017 1:05 PM Author: passionate meetinghouse private investor ? (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949105) |
|
Date: December 18th, 2017 2:04 PM Author: maroon aggressive elastic band pozpig (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949591) |
|
Date: December 18th, 2017 2:05 PM Author: filthy gay wizard Lol (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949599) |
|
Date: December 18th, 2017 1:59 AM Author: provocative stubborn cruise ship 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: Light heady parlor affirmative action 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: passionate meetinghouse private investor 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: provocative stubborn cruise ship 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: orange big state 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: provocative stubborn cruise ship 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: Bateful Abnormal International Law Enforcement Agency Newt 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: passionate meetinghouse private investor 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: Light heady parlor affirmative action pumo living in CA = shitlib
eat shit |
|
Date: December 18th, 2017 1:11 PM Author: silver bearded rehab juggernaut 18000000 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949157) |
|
Date: December 18th, 2017 1:13 PM Author: obsidian stimulating station (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949165) |
|
Date: December 18th, 2017 1:58 AM Author: Appetizing onyx mad cow disease 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: Light heady parlor affirmative action yup 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946713) |
|
Date: December 18th, 2017 2:08 AM Author: ebony stage foreskin 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946766) |
|
Date: December 18th, 2017 2:29 AM Author: Misunderstood Hominid cr 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946807) |
|
Date: December 18th, 2017 2:38 AM Author: provocative stubborn cruise ship 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: Misunderstood Hominid 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: Exhilarant violet marketing idea tattoo (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947097) |
|
Date: December 18th, 2017 1:35 PM Author: Duck-like Resort Macaca (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949355) |
|
Date: December 18th, 2017 1:51 PM Author: very tactful digit ratio lmaooooooooooooooo tcr. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949494) |
|
Date: December 18th, 2017 2:16 PM Author: silver bearded rehab juggernaut 157847633 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949706) |
|
Date: December 18th, 2017 9:00 AM Author: sick becky school cafeteria 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: Appetizing onyx mad cow disease 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: crawly generalized bond reading party (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947119) |
|
Date: December 18th, 2017 9:53 AM Author: Lilac queen of the night hissy fit (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947736) |
|
Date: December 18th, 2017 2:00 AM Author: crusty impressive background story 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: Light heady parlor affirmative action 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: magical coffee pot (idiot socialist freak) (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946843) |
|
Date: December 18th, 2017 2:35 AM Author: Fear-inspiring Irradiated Corner 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: Comical Underhanded Regret Principal's Office (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949089) |
|
Date: December 18th, 2017 1:07 PM Author: translucent place of business stage 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: very tactful digit ratio 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: very tactful digit ratio 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: Fragrant chapel 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: Talented Big-titted Gunner Main People 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: very tactful digit ratio (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949583) |
|
Date: December 18th, 2017 6:47 AM Author: Lake Nighttime Potus 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: Appetizing onyx mad cow disease 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: racy blood rage 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: spruce floppy home 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: spectacular milk son of senegal cr (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947434) |
|
Date: December 18th, 2017 12:42 PM Author: Bateful Abnormal International Law Enforcement Agency Newt (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948960) |
|
Date: December 18th, 2017 12:58 PM Author: Razzmatazz filthpig 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: translucent place of business stage (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949067) |
|
Date: December 18th, 2017 1:40 PM Author: provocative stubborn cruise ship 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: Exhilarant violet marketing idea tattoo 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: translucent place of business stage ((((media)))) (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949741) |
|
Date: December 18th, 2017 1:53 PM Author: titillating set puppy 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: cerebral brindle piazza rigor 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: electric circlehead 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: maroon aggressive elastic band pozpig 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: Beady-eyed anal idea he suggested 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: very tactful digit ratio 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: Exhilarant violet marketing idea tattoo 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: Painfully honest property famous landscape painting (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949701) |
|
Date: December 18th, 2017 2:19 PM Author: electric circlehead 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: provocative stubborn cruise ship 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: Appetizing onyx mad cow disease 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: obsidian stimulating station lol (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34950096) |
|
Date: December 18th, 2017 2:44 PM Author: electric circlehead 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) |