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How much did your paycheck go up from Trump's tax plan?

S

SlowSpyder

Lifer
I got a sizable increase in my take home pay, about $85 bi weekly. How about you? Say what you want about Trump, but I like having that money in my pocket vs. going into the government blackhole. Just hope our deficit doesn't go wild from this, hopefully some reductions in spending or more efficient use of money is put in place.
 
Dunno cause I got a raise on my first paycheck and also upped my 401k contributions so I didn't really look at why the difference is what it is.
 
Too soon to tell, on one hand my marginal tax rate will go down a bit, on the other hand I'll be hit with $10K SALT limit. I expect the two to roughly cancel each other for net zero effect or just about. Going to have to wait until 2018 tax filing season to find out. Whatever it's going to be, it's definitely not worth increasing national debt and cutting medicaid/medicare over. Not to mention that these supposed tax cuts will expire in 10 years, so not only will I be paying more in taxes in the end, I'll also be saddled with additional debt, and will have my social safety nets cut from under me. What a great fucking deal.
 
fleshconsumed said:
Too soon to tell, on one hand my marginal tax rate will go down a bit, on the other hand I'll be hit with $10K SALT limit. I expect the two to roughly cancel each other for net zero effect or just about. Going to have to wait until 2018 tax filing season to find out. Whatever it's going to be, it's definitely not worth increasing national debt and cutting medicaid/medicare over. Not to mention that these supposed tax cuts will expire in 10 years, so not only will I be paying more in taxes in the end, I'll also be saddled with additional debt, and will have my social safety nets cut from under me. What a great fucking deal.
Click to expand...

But in exchange for that lifelong tax increase you got a tiny tax decrease this year. What a great deal! Since taxes are going up permanently for the rest of us I'm sure they will be going up for corporations and the rich in the end too, right?

...right?
 
Have they finalized and published the Tables?
There have been no changes where I work and they stated that they were waiting on the finalized tables.

Side note anecdote on where I work: After issuing a small token bonus in December and a public "Thank baby Jesus for Republicans and Trump" press release (like a lot of large companies did), they have now significantly slashed all annual bonuses.
Lots of folks around here are getting shafted this year in terms of compensation.
 
My girlfriend and I are looking at about $700 combined monthly ... we'll know for sure when we file, but my estimates are usually spot on. We'll get hit with a sizable "marriage tax" though, assuming that happens sometime in the next few years. Doubt we'll notice either way. My dad on the other hand is probably going to be about $3-4k ahead monthly. He's socking it away to retire outside of the US due to all the stupidity here. Hope he picks somewhere good so I have someplace nice to visit. He'll probably pick something tropical whereas if I had my pick of locale it'd be northern Canada or northern Scandinavia.
 
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