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
| Lake Disturbing Area Old Irish Cottage | 12/18/17 |
| tan passionate depressive | 12/18/17 |
| Comical mauve nowag senate | 12/18/17 |
| cyan arousing jap | 12/18/17 |
| soul-stirring white genital piercing hunting ground | 12/18/17 |
| Gold Sweet Tailpipe Prole | 12/18/17 |
| Beady-eyed step-uncle's house affirmative action | 12/18/17 |
| Gold Sweet Tailpipe Prole | 12/18/17 |
| naked yarmulke | 12/18/17 |
| Floppy crusty principal's office doctorate | 12/18/17 |
| Narrow-minded bearded whorehouse | 12/18/17 |
| sexy field | 12/18/17 |
| Beady-eyed step-uncle's house affirmative action | 12/18/17 |
| doobsian background story lettuce | 12/18/17 |
| supple rehab | 12/18/17 |
| Lake Disturbing Area Old Irish Cottage | 12/18/17 |
| contagious zippy boiling water wrinkle | 12/18/17 |
| Beady-eyed step-uncle's house affirmative action | 12/18/17 |
| Lake Disturbing Area Old Irish Cottage | 12/18/17 |
| Unholy Electric Hissy Fit | 12/18/17 |
| Lake Disturbing Area Old Irish Cottage | 12/18/17 |
| Gold Sweet Tailpipe Prole | 12/18/17 |
| Beady-eyed step-uncle's house affirmative action | 12/18/17 |
| contagious zippy boiling water wrinkle | 12/18/17 |
| cyan arousing jap | 12/18/17 |
| alcoholic cracking dopamine | 12/18/17 |
| Appetizing Address Personal Credit Line | 12/18/17 |
| contagious zippy boiling water wrinkle | 12/18/17 |
| Zombie-like laughsome university pocket flask | 12/18/17 |
| Olive Hateful Idea He Suggested Liquid Oxygen | 12/18/17 |
| Lake Disturbing Area Old Irish Cottage | 12/18/17 |
| Olive Hateful Idea He Suggested Liquid Oxygen | 12/18/17 |
| Submissive carmine box office ceo | 12/18/17 |
| Diverse Startled Rigpig Keepsake Machete | 12/18/17 |
| Fishy immigrant | 12/18/17 |
| cyan arousing jap | 12/18/17 |
| Stubborn knife stage | 12/18/17 |
| Appetizing Address Personal Credit Line | 12/18/17 |
| naked yarmulke | 12/18/17 |
| Bull headed rigor forum | 12/18/17 |
| bateful stain location | 12/18/17 |
| contagious zippy boiling water wrinkle | 12/18/17 |
| duck-like dilemma death wish | 12/18/17 |
| swashbuckling garnet tank abode | 12/18/17 |
| costumed trump supporter | 12/18/17 |
| Maroon talented laser beams | 12/18/17 |
| Fishy immigrant | 12/18/17 |
| Fishy immigrant | 12/18/17 |
| Multi-colored slap-happy regret center | 12/18/17 |
| stirring point trust fund | 12/18/17 |
| Fishy immigrant | 12/18/17 |
| shaky pit nibblets | 12/18/17 |
| Appetizing Address Personal Credit Line | 12/18/17 |
| salmon nursing home | 12/18/17 |
| Adventurous brass persian main people | 12/18/17 |
| Comical mauve nowag senate | 12/18/17 |
| Gold Sweet Tailpipe Prole | 12/18/17 |
| Histrionic Lodge Roommate | 12/18/17 |
| Maroon talented laser beams | 12/18/17 |
| Lake Disturbing Area Old Irish Cottage | 12/18/17 |
| Submissive carmine box office ceo | 12/18/17 |
| Maroon talented laser beams | 12/18/17 |
| sienna flickering kitty | 12/18/17 |
| exhilarant menage | 12/18/17 |
| Heady partner shrine | 12/18/17 |
| doobsian background story lettuce | 12/18/17 |
| hyperventilating fear-inspiring becky cuckold | 12/18/17 |
| Fishy immigrant | 12/18/17 |
| Submissive carmine box office ceo | 12/18/17 |
| Cerebral space | 12/18/17 |
| Heady partner shrine | 12/18/17 |
| Lake Disturbing Area Old Irish Cottage | 12/18/17 |
| Appetizing Address Personal Credit Line | 12/18/17 |
| alcoholic cracking dopamine | 12/18/17 |
| Heady partner shrine | 12/18/17 |
Poast new message in this thread
Date: December 18th, 2017 1:56 AM Author: Lake Disturbing Area Old Irish Cottage 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: tan passionate depressive 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: Comical mauve nowag senate 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: cyan arousing jap 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: soul-stirring white genital piercing hunting ground (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949504) |
Date: December 18th, 2017 1:57 AM Author: Gold Sweet Tailpipe Prole Move. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946704) |
|
Date: December 18th, 2017 1:59 AM Author: Beady-eyed step-uncle's house affirmative action 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: Gold Sweet Tailpipe Prole So problem solved (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946752) |
|
Date: December 18th, 2017 6:49 AM Author: naked yarmulke 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: Floppy crusty principal's office doctorate (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947398) |
|
Date: December 18th, 2017 12:41 PM Author: Narrow-minded bearded whorehouse (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948948) |
|
Date: December 18th, 2017 12:44 PM Author: sexy field (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948976) |
|
Date: December 18th, 2017 1:05 PM Author: Beady-eyed step-uncle's house affirmative action ? (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949105) |
|
Date: December 18th, 2017 2:04 PM Author: doobsian background story lettuce (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949591) |
|
Date: December 18th, 2017 2:05 PM Author: supple rehab Lol (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949599) |
|
Date: December 18th, 2017 1:59 AM Author: Lake Disturbing Area Old Irish Cottage 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: contagious zippy boiling water wrinkle 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: Beady-eyed step-uncle's house affirmative action 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: Lake Disturbing Area Old Irish Cottage 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: Unholy Electric Hissy Fit 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: Lake Disturbing Area Old Irish Cottage 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: Gold Sweet Tailpipe Prole 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: Beady-eyed step-uncle's house affirmative action 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: contagious zippy boiling water wrinkle pumo living in CA = shitlib
eat shit |
|
Date: December 18th, 2017 1:11 PM Author: cyan arousing jap 18000000 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949157) |
|
Date: December 18th, 2017 1:13 PM Author: alcoholic cracking dopamine (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949165) |
|
Date: December 18th, 2017 1:58 AM Author: Appetizing Address Personal Credit Line 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: contagious zippy boiling water wrinkle yup 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946713) |
|
Date: December 18th, 2017 2:08 AM Author: Zombie-like laughsome university pocket flask 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946766) |
|
Date: December 18th, 2017 2:29 AM Author: Olive Hateful Idea He Suggested Liquid Oxygen cr 180 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946807) |
|
Date: December 18th, 2017 2:38 AM Author: Lake Disturbing Area Old Irish Cottage 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: Olive Hateful Idea He Suggested Liquid Oxygen 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: Submissive carmine box office ceo (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947097) |
|
Date: December 18th, 2017 1:35 PM Author: Diverse Startled Rigpig Keepsake Machete (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949355) |
|
Date: December 18th, 2017 1:51 PM Author: Fishy immigrant lmaooooooooooooooo tcr. (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949494) |
|
Date: December 18th, 2017 2:16 PM Author: cyan arousing jap 157847633 (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949706) |
|
Date: December 18th, 2017 9:00 AM Author: Stubborn knife stage 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 Address Personal Credit Line 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: naked yarmulke (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947119) |
|
Date: December 18th, 2017 9:53 AM Author: Bull headed rigor forum (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947736) |
|
Date: December 18th, 2017 2:00 AM Author: bateful stain location 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: contagious zippy boiling water wrinkle 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: duck-like dilemma death wish (idiot socialist freak) (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34946843) |
|
Date: December 18th, 2017 2:35 AM Author: swashbuckling garnet tank abode 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: costumed trump supporter (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949089) |
|
Date: December 18th, 2017 1:07 PM Author: Maroon talented laser beams 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: Fishy immigrant 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: Fishy immigrant 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: Multi-colored slap-happy regret center 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: stirring point trust fund 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: Fishy immigrant (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949583) |
|
Date: December 18th, 2017 6:47 AM Author: shaky pit nibblets 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 Address Personal Credit Line 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: salmon nursing home 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: Adventurous brass persian main people 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: Comical mauve nowag senate cr (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34947434) |
|
Date: December 18th, 2017 12:42 PM Author: Gold Sweet Tailpipe Prole (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34948960) |
|
Date: December 18th, 2017 12:58 PM Author: Histrionic Lodge Roommate 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: Maroon talented laser beams (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949067) |
|
Date: December 18th, 2017 1:40 PM Author: Lake Disturbing Area Old Irish Cottage 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: Submissive carmine box office ceo 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: Maroon talented laser beams ((((media)))) (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949741) |
|
Date: December 18th, 2017 1:53 PM Author: sienna flickering kitty 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: exhilarant menage 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: Heady partner shrine 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: doobsian background story lettuce 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: hyperventilating fear-inspiring becky cuckold 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: Fishy immigrant 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: Submissive carmine box office ceo 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: Cerebral space (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34949701) |
|
Date: December 18th, 2017 2:19 PM Author: Heady partner shrine 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: Lake Disturbing Area Old Irish Cottage 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 Address Personal Credit Line 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: alcoholic cracking dopamine lol (http://www.autoadmit.com/thread.php?thread_id=3832715&forum_id=2#34950096) |
|
Date: December 18th, 2017 2:44 PM Author: Heady partner shrine 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) |