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alarimer

(17,146 posts)

21. On a $1 million salary, 2 grand is chump change

Reply to blogslut (Original post)

Thu Dec 21, 2017, 03:50 PM

Dec 2017

Boo fucking hoo. And if you rent (you're making a million bucks, why the fuck do you rent?), you are not paying property taxes, not directly, anyway, so you don't get to deduct it.

And honestly, I'm not going to cry over someone making more than 100K paying a bit more. So what? It's those on the bottom getting screwed by everyone else I worry about. I don't even worry about myself so much, even though what I may gain, I will lose in higher health care costs somewhere down the line. I don't itemize at all, usually. I DO worry about things like 401K because at one point they talked about making those contributions being taxable, instead of being pre-tax. And also the IRA deduction. But I assume those have not survived.

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32 replies

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SINGLE RENTER - NO KIDS [View all] blogslut Dec 2017 OP

I would be outraged MichMan Dec 2017 #1

I wonder how much life was sucked out of the poor staffer blogslut Dec 2017 #3

Is this a bad thing? Marengo Dec 2017 #2

This message was self-deleted by its author Dr Hobbitstein Dec 2017 #11

I'm not sure a person making a million dollars and is renting mythology Dec 2017 #4

I bet it's tough absorbing that $1,887 increase in taxes with a $ 1,000,000 income. Hoyt Dec 2017 #5

Who makes $1M/yr and still rents? LonePirate Dec 2017 #6

Plenty of people kcr Dec 2017 #7

I'd rent no matter what crazycatlady Dec 2017 #10

Very very few people make over one million per year. NCTraveler Dec 2017 #15

I would think that it depends on where they live. MrScorpio Dec 2017 #31

Leave it to charts to remind me how poor I am dembotoz Dec 2017 #8

This is my favorite reply blogslut Dec 2017 #9

These various sites which try to calculate what the effect will be are stabs in the dark. rgbecker Dec 2017 #12

Out of touch with reality. procon Dec 2017 #13

if you look at the link, $50,000 is their first example Skittles Dec 2017 #24

In the first example is says this person with a simple return making 50K could save a significant Kirk Lover Dec 2017 #14

It might to a lot of people MichMan Dec 2017 #16

Except it's not a couple of hundred bucks a month...it's $86 buck a month. n/t Kirk Lover Dec 2017 #18

For a lot of families that is significant Lee-Lee Dec 2017 #17

I don't consider $86 dollars per month...especially for a family...significant. n/t Kirk Lover Dec 2017 #19

I guess if you aren't living paycheck to paycheck it isn't MichMan Dec 2017 #20

I'm not saying that it isn't anything but the word we are talking about is Kirk Lover Dec 2017 #22

Your circumstances are not everyone elses Lee-Lee Dec 2017 #23

My point is they should be getting a lot more back not these crumbs. And when you Kirk Lover Dec 2017 #25

Depends on what they lose for that $84 a month. haele Dec 2017 #29

This. Exactly. we can do it Dec 2017 #32

On a $1 million salary, 2 grand is chump change alarimer Dec 2017 #21

Somebody living in Manhattan or San Francisco is more likely to be a renter VMA131Marine Dec 2017 #26

A single 64-year-old home owner with income of $40,000 year vsrazdem Dec 2017 #27

A Single Renter Making $1M/Year? SoCalMusicLover Dec 2017 #28

Can they cherrypick even more - Hey, here's a "tax bill" haele Dec 2017 #30