General Discussion

aggiesal

(10,900 posts)

3. No ...

Mon Mar 18, 2019, 11:54 AM

Mar 2019

Deductions I was allowed to use last year,
was removed from this years tax code.

The bastard!

This is what I believe will happen to a lot of other people.

The standard deduction may have increased, but since I itemize,
the standard deduction won't apply because my itemized deduction
exceed the standard.

Except that the repub a$$holes removed all kinds of deductions
that we actually use and will make everyone's taxes higher.

For example, My property taxes are around $12,000/yr. and my State income tax was $6,600
Total $18,600

Last year I was allowed to deduct all $18,600
This year I was only allowed to deduct $10,000
There are more that I can't deduct.

If the Dems campaign correctly, they should use this as pocketbook politics,
like Ronnie Raygun did to Jimmy Carter during the 1980 election.

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So the Dolt45 tax plan kicks in ... [View all] aggiesal Mar 2019 OP

Wow. Shell_Seas Mar 2019 #1

Mortgage interest deduction changes? Loki Liesmith Mar 2019 #2

No ... aggiesal Mar 2019 #3

How did you lose $50k in deductions? metalbot Mar 2019 #5

That was just the easist example ... aggiesal Mar 2019 #6

Are you sure you aren't in the 1% ? MichMan Mar 2019 #9

Median home price in Bay Area is $820,000. MrsCoffee Mar 2019 #12

Yup. Strange how the high cost of living states are all Blue States. unitedwethrive Mar 2019 #22

Should allowable deductions vary depending on where you live ? MichMan Mar 2019 #28

You cant do that D_Master81 Mar 2019 #91

It's not a millionaire thing. Lots of households make $100K a year with two wage earners. haele Mar 2019 #21

In some areas it is...but make no mistake these people are upper middle class - they are doing UniteFightBack Mar 2019 #30

Go to any real estate website and check out listings in southern california Merlot Mar 2019 #45

So it caps out at $750,000 for a home loan fescuerescue Mar 2019 #13

With a 30 - 40 year mortgage and a hefty down-payment (usually a small inheritance or family "loan") haele Mar 2019 #23

There are other SALT deductions that are capped and those are payroll related. Also if you have more uponit7771 Mar 2019 #8

This is EXACTLY our situation !! uponit7771 Mar 2019 #7

I have read that it most certainly is PatSeg Mar 2019 #11

I have Trumpster friends ... aggiesal Mar 2019 #16

But, but, they have their "guns". ooky Mar 2019 #17

They obviously have never read the 2nd amendment ... aggiesal Mar 2019 #18

Militia, State or National Guard service was never a prerequisite to gun ownership in the U.S. meathead Mar 2019 #24

Read the Federalist Papers ... aggiesal Mar 2019 #25

Excellent posts. Thanks underpants Mar 2019 #26

Thank you ... aggiesal Mar 2019 #67

Yet gun ownership in America has always been an individual right not linked to the miltia hack89 Mar 2019 #31

Oh, for fuck's sake. Squinch Mar 2019 #36

So there are no such laws. hack89 Mar 2019 #46

Go away. Squinch Mar 2019 #49

Not until you concede to the truth hack89 Mar 2019 #50

You just never get it. No one is discussing this with you. Keep screaming at the wind. Squinch Mar 2019 #54

Except I didn't start this sub-thread hack89 Mar 2019 #55

Can't do it, ffs Crabby Appleton Mar 2019 #84

I remember reading that this extremely wide interpretation of the second amendment Karadeniz Mar 2019 #56

There is very little case law on the 2A hack89 Mar 2019 #58

With all the important stuff going on in USA, there are still a few for whom GUNZ are all important. Hoyt Mar 2019 #57

I didn't start this sub thread. hack89 Mar 2019 #59

It's a wreck because of unreasonable gun owners and their lobbying groups. Hoyt Mar 2019 #60

No. It is because of a lack of wide and deep public support hack89 Mar 2019 #61

WHAT? aggiesal Mar 2019 #65

Then show me the case law. hack89 Mar 2019 #66

I don't give a rats ass, who it is accepted by ... aggiesal Mar 2019 #69

The entire Bill of Rights is about individual rights hack89 Mar 2019 #70

Yet none of them spoke about individual rights concerning guns at the Constitutional Convention ... aggiesal Mar 2019 #71

Yes they did. hack89 Mar 2019 #72

Except for the 2nd Amendment ... aggiesal Mar 2019 #73

But it never happened in reality hack89 Mar 2019 #74

So let's just ignore the first half of the 2nd Amendment ... aggiesal Mar 2019 #75

We have ignored it our entire history hack89 Mar 2019 #76

Don't be such a sore winner ... aggiesal Mar 2019 #81

They don't mean what you think they do hack89 Mar 2019 #83

OK, so now you have to have the last word. Go for it. n/t aggiesal Mar 2019 #85

I think I made my point . hack89 Mar 2019 #86

So no one outside our 2019 militia has guns? meathead Mar 2019 #89

I didn't say that ... aggiesal Mar 2019 #90

Quotes every favorable Federalist opinion, but no laws.... meathead Mar 2019 #88

National Guard is _part_ of the militia metalbot Mar 2019 #38

So there's no legal requirement. Thanks for the confirmation! meathead Mar 2019 #87

The years of media brainwashing is pretty PatSeg Mar 2019 #19

So state land property taxes are combined to meet the threshold? allgood33 Mar 2019 #44

Sp state income taxes and property taxes are combined to meet the threshold? allgood33 Mar 2019 #78

Dolt45 changed all that ... aggiesal Mar 2019 #79

God Bless you ... LenaBaby61 Mar 2019 #80

Wow, sounds like you lost $50k in deductions then!! MichMan Mar 2019 #4

A person that owns a business having a down year in revenue can easily rack that up. Blue_true Mar 2019 #63

Whoa! PatSeg Mar 2019 #10

I feel you. I had to pay up as well. Yavin4 Mar 2019 #14

I agree, ... aggiesal Mar 2019 #15

My wife loses all job related itemization workinclasszero Mar 2019 #20

How about rownesheck Mar 2019 #27

Nitpick: You don't go to jail for not paying taxes metalbot Mar 2019 #39

Oh. rownesheck Mar 2019 #40

There are a lot of American shoes I wouldn't want to be in this year. DFW Mar 2019 #29

They've added $325k in housing costs while... theboss Mar 2019 #32

No, you didn't read the post DFW Mar 2019 #34

I read that as the bought a third house? theboss Mar 2019 #37

They paid the $75,000 off DFW Mar 2019 #41

They work in NYC and make a combined $60k? theboss Mar 2019 #42

Yes, they work in NYC and have a combined income of around $60,000 DFW Mar 2019 #43

I wouldn't call buying a house for $125K and selling it for 400K unlucky MichMan Mar 2019 #47

I thought I had it bad paying 5K more. You poor thing! Squinch Mar 2019 #33

I feel your pain... In It to Win It Mar 2019 #35

That's rather close to what I get in SSDI for 3 quarters. Kaleva Mar 2019 #48

Same story everywhere BlueFlorida Mar 2019 #51

Let me guess.... Turbineguy Mar 2019 #52

My accountant just responded today... Zoonart Mar 2019 #53

I think the rule is if you file early, you expect a return, file later expect to pay. Blue_true Mar 2019 #64

+1, DFW it's not the cost its the property taxes and we were able to discount sales taxes too and uponit7771 Mar 2019 #68

Wow. nt Blue_true Mar 2019 #62

Haven't done my taxes yet but expect the same dhol82 Mar 2019 #77

Mine went down a decent amount MichMan Mar 2019 #82