Re: [AFMUG] OT: Tax cut my ass...
From: AF On Behalf Of Chuck McCown
Sent: Monday, April 1, 2019 9:09 PM
To: AnimalFarm Microwave Users Group
Subject: Re: [AFMUG] OT: Tax cut my ass...
Gheeze, my property tax+insurance averages $700/ month
Sent from my iPhone
On Apr 1, 2019, at 8:00 PM, Forrest Christian (List Account)
mailto:li...@packetflux.com> > wrote:
Mine appraised at 334K when I refinanced a couple years back. Tax bill is
around $2.8K.
We also don't have a sales tax in the majority of the state (a couple of
tourist towns have a local sales tax to help pay for infrastructure that the
tourists consume).
We do get hit a bit harder than most on income tax if you're in the top couple
of brackets.
On Mon, Apr 1, 2019 at 5:34 PM Mike Hammett mailto:af...@ics-il.net> > wrote:
I purchased my house last year for $150k. It appraised for $200k. I pay
$6,200/year in property taxes.
-
Mike Hammett
<http://www.ics-il.com/> Intelligent Computing Solutions
<https://www.facebook.com/ICSIL>
<https://plus.google.com/+IntelligentComputingSolutionsDeKalb>
<https://www.linkedin.com/company/intelligent-computing-solutions>
<https://twitter.com/ICSIL>
<http://www.midwest-ix.com/> Midwest Internet Exchange
<https://www.facebook.com/mdwestix>
<https://www.linkedin.com/company/midwest-internet-exchange>
<https://twitter.com/mdwestix>
<http://www.thebrotherswisp.com/> The Brothers WISP
<https://www.facebook.com/thebrotherswisp>
<https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
_
From: "Bill Prince" mailto:part15...@gmail.com> >
To: "AnimalFarm Microwave Users Group" mailto:af@af.afmug.com> >
Sent: Monday, April 1, 2019 5:52:38 PM
Subject: Re: [AFMUG] OT: Tax cut my ass...
Wow. Your property taxes seem pretty high. Similarly, here in California,
property taxes are not a state tax at all, but a local tax to (primarily) pay
for schools.
When we had our S corp, our CPA advised us to pay a salary, but only enough to
keep the IRS satisfied that we were paying salaries. So we each took a token
salary, and any excess revenue was taken as a "distribution to shareholders".
We paid minimal payroll taxes as a result.
--
bp
part15sbs{at}gmail{dot}com
On Mon, Apr 1, 2019 at 3:12 PM Ken Hohhof mailto:af...@kwisp.com> > wrote:
FWIW, property tax is typically a local tax, not a state tax. Illinois does
not have a state property tax, and around 2/3 of property taxes go to fund
school districts.
I still live in the house we bought in 1976. We added two bedrooms and a
family room after we had kids. It is not a mansion, but we live in DuPage
County, in a town on one of the commuter rail lines. My property tax bill is
around $19,000. More than some neighbors, less than others. Add the state
taxes, and the $10,000 cap on SALT means I will be paying federal tax on at
least $10K that I didn’t pay tax on last year and that I never received as
disposable income. My wife died 2 years ago so my standard deduction is $12K
not $24K. Yes that is higher than last year, but that’s cancelled out by the
personal exemption going away. I have one kid who lives with me, but that
doesn’t help me with taxes.
Lots of people, especially seniors, are probably in the same situation as me.
If you don’t have a large income so you can pay the substantially higher taxes,
the federal government is essentially telling you that you have to move out of
your house. And I think for a lot of people the withholding tax formulas
didn’t properly account for this change.
I think you are oversimplifying this as we’re finally sticking it to the state
governments who spend and tax too much. In the case of property tax, it’s not
even a state tax. And it’s not like property taxes were invented yesterday or
during the administration of .
Like I say, I’ve lived here for over 40 years, paid property taxes the whole
time, but I didn’t then also pay income tax on that money that I never got to
spend. It’s not taking any money away from the state of Illinois, and it has
no effect on the state’s spending or taxing decisions. It just takes several
thousand dollars out of my wallet.
The other thing I’m going to have to discuss with my accountant is the S Corp
pass through change. It could be really stupid now for my company to be paying
me a salary, maybe a distribution would be the way to go. I’m not sure. I
always tried to do the right thing and pay myself a reasonable salary so the
government could get their various payroll taxes, but maybe I’m being a moron.
From: AF mailto:af-boun...@af.afmug.com> > On Behalf
Of Steve Jones
Sent: Monday, April 1, 2019 4:16 PM
To: AnimalFarm Microwave Users Group mailto:af@af.afmug.com> >
Subject: Re: [AFMUG] OT: Tax cut my ass...
the state has their right to d
Re: [AFMUG] OT: Tax cut my ass...
The escrow payment which includes tax+insurance is around $360 or so. My
homeowners insurance is somewhat smaller than one would expect for the
appraisal mainly due to the house being a smaller portion of the property
value than normal for here since I'm on 20 acres.
On Mon, Apr 1, 2019 at 8:10 PM Chuck McCown wrote:
> Gheeze, my property tax+insurance averages $700/ month
>
> Sent from my iPhone
>
> On Apr 1, 2019, at 8:00 PM, Forrest Christian (List Account) <
> li...@packetflux.com> wrote:
>
> Mine appraised at 334K when I refinanced a couple years back. Tax bill is
> around $2.8K.
>
> We also don't have a sales tax in the majority of the state (a couple of
> tourist towns have a local sales tax to help pay for infrastructure that
> the tourists consume).
>
> We do get hit a bit harder than most on income tax if you're in the top
> couple of brackets.
>
> On Mon, Apr 1, 2019 at 5:34 PM Mike Hammett wrote:
>
>> I purchased my house last year for $150k. It appraised for $200k. I pay
>> $6,200/year in property taxes.
>>
>>
>>
>> -
>> Mike Hammett
>> Intelligent Computing Solutions <http://www.ics-il.com/>
>> <https://www.facebook.com/ICSIL>
>> <https://plus.google.com/+IntelligentComputingSolutionsDeKalb>
>> <https://www.linkedin.com/company/intelligent-computing-solutions>
>> <https://twitter.com/ICSIL>
>> Midwest Internet Exchange <http://www.midwest-ix.com/>
>> <https://www.facebook.com/mdwestix>
>> <https://www.linkedin.com/company/midwest-internet-exchange>
>> <https://twitter.com/mdwestix>
>> The Brothers WISP <http://www.thebrotherswisp.com/>
>> <https://www.facebook.com/thebrotherswisp>
>>
>>
>> <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
>> --
>> *From: *"Bill Prince"
>> *To: *"AnimalFarm Microwave Users Group"
>> *Sent: *Monday, April 1, 2019 5:52:38 PM
>> *Subject: *Re: [AFMUG] OT: Tax cut my ass...
>>
>>
>> Wow. Your property taxes seem pretty high. Similarly, here in California,
>> property taxes are not a state tax at all, but a local tax to (primarily)
>> pay for schools.
>>
>> When we had our S corp, our CPA advised us to pay a salary, but only
>> enough to keep the IRS satisfied that we were paying salaries. So we each
>> took a token salary, and any excess revenue was taken as a "distribution to
>> shareholders". We paid minimal payroll taxes as a result.
>>
>> --
>> bp
>> part15sbs{at}gmail{dot}com
>>
>>
>> On Mon, Apr 1, 2019 at 3:12 PM Ken Hohhof wrote:
>>
>>> FWIW, property tax is typically a local tax, not a state tax. Illinois
>>> does not have a state property tax, and around 2/3 of property taxes go to
>>> fund school districts.
>>>
>>>
>>>
>>> I still live in the house we bought in 1976. We added two bedrooms and
>>> a family room after we had kids. It is not a mansion, but we live in
>>> DuPage County, in a town on one of the commuter rail lines. My property
>>> tax bill is around $19,000. More than some neighbors, less than others.
>>> Add the state taxes, and the $10,000 cap on SALT means I will be paying
>>> federal tax on at least $10K that I didn’t pay tax on last year and that I
>>> never received as disposable income. My wife died 2 years ago so my
>>> standard deduction is $12K not $24K. Yes that is higher than last year,
>>> but that’s cancelled out by the personal exemption going away. I have one
>>> kid who lives with me, but that doesn’t help me with taxes.
>>>
>>>
>>>
>>> Lots of people, especially seniors, are probably in the same situation
>>> as me. If you don’t have a large income so you can pay the substantially
>>> higher taxes, the federal government is essentially telling you that you
>>> have to move out of your house. And I think for a lot of people the
>>> withholding tax formulas didn’t properly account for this change.
>>>
>>>
>>>
>>> I think you are oversimplifying this as we’re finally sticking it to the
>>> state governments who spend and tax too much. In the case of property tax,
>>> it’s not even a state tax. And it’s not like property taxes were invented
>>> yesterday or during the administration of >> didn’t like>. Like I say, I’ve lived here for over 40 years, paid property
>>> taxes the whole time, but I didn’t then also pay income tax on that money
>>>
Re: [AFMUG] OT: Tax cut my ass...
Our property tax is around $700/month. Insurance is a separate thing around
$110/month (but we pay both annually).
--
bp
part15sbs{at}gmail{dot}com
On Mon, Apr 1, 2019 at 7:10 PM Chuck McCown wrote:
> Gheeze, my property tax+insurance averages $700/ month
>
> Sent from my iPhone
>
> On Apr 1, 2019, at 8:00 PM, Forrest Christian (List Account) <
> li...@packetflux.com> wrote:
>
> Mine appraised at 334K when I refinanced a couple years back. Tax bill is
> around $2.8K.
>
> We also don't have a sales tax in the majority of the state (a couple of
> tourist towns have a local sales tax to help pay for infrastructure that
> the tourists consume).
>
> We do get hit a bit harder than most on income tax if you're in the top
> couple of brackets.
>
> On Mon, Apr 1, 2019 at 5:34 PM Mike Hammett wrote:
>
>> I purchased my house last year for $150k. It appraised for $200k. I pay
>> $6,200/year in property taxes.
>>
>>
>>
>> -
>> Mike Hammett
>> Intelligent Computing Solutions <http://www.ics-il.com/>
>> <https://www.facebook.com/ICSIL>
>> <https://plus.google.com/+IntelligentComputingSolutionsDeKalb>
>> <https://www.linkedin.com/company/intelligent-computing-solutions>
>> <https://twitter.com/ICSIL>
>> Midwest Internet Exchange <http://www.midwest-ix.com/>
>> <https://www.facebook.com/mdwestix>
>> <https://www.linkedin.com/company/midwest-internet-exchange>
>> <https://twitter.com/mdwestix>
>> The Brothers WISP <http://www.thebrotherswisp.com/>
>> <https://www.facebook.com/thebrotherswisp>
>>
>>
>> <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
>> --
>> *From: *"Bill Prince"
>> *To: *"AnimalFarm Microwave Users Group"
>> *Sent: *Monday, April 1, 2019 5:52:38 PM
>> *Subject: *Re: [AFMUG] OT: Tax cut my ass...
>>
>>
>> Wow. Your property taxes seem pretty high. Similarly, here in California,
>> property taxes are not a state tax at all, but a local tax to (primarily)
>> pay for schools.
>>
>> When we had our S corp, our CPA advised us to pay a salary, but only
>> enough to keep the IRS satisfied that we were paying salaries. So we each
>> took a token salary, and any excess revenue was taken as a "distribution to
>> shareholders". We paid minimal payroll taxes as a result.
>>
>> --
>> bp
>> part15sbs{at}gmail{dot}com
>>
>>
>> On Mon, Apr 1, 2019 at 3:12 PM Ken Hohhof wrote:
>>
>>> FWIW, property tax is typically a local tax, not a state tax. Illinois
>>> does not have a state property tax, and around 2/3 of property taxes go to
>>> fund school districts.
>>>
>>>
>>>
>>> I still live in the house we bought in 1976. We added two bedrooms and
>>> a family room after we had kids. It is not a mansion, but we live in
>>> DuPage County, in a town on one of the commuter rail lines. My property
>>> tax bill is around $19,000. More than some neighbors, less than others.
>>> Add the state taxes, and the $10,000 cap on SALT means I will be paying
>>> federal tax on at least $10K that I didn’t pay tax on last year and that I
>>> never received as disposable income. My wife died 2 years ago so my
>>> standard deduction is $12K not $24K. Yes that is higher than last year,
>>> but that’s cancelled out by the personal exemption going away. I have one
>>> kid who lives with me, but that doesn’t help me with taxes.
>>>
>>>
>>>
>>> Lots of people, especially seniors, are probably in the same situation
>>> as me. If you don’t have a large income so you can pay the substantially
>>> higher taxes, the federal government is essentially telling you that you
>>> have to move out of your house. And I think for a lot of people the
>>> withholding tax formulas didn’t properly account for this change.
>>>
>>>
>>>
>>> I think you are oversimplifying this as we’re finally sticking it to the
>>> state governments who spend and tax too much. In the case of property tax,
>>> it’s not even a state tax. And it’s not like property taxes were invented
>>> yesterday or during the administration of >> didn’t like>. Like I say, I’ve lived here for over 40 years, paid property
>>> taxes the whole time, but I didn’t then also pay income tax on that money
>>> that I never got to spend. It’s not taking any money away from the state
>>> of Illinois, and it has n
Re: [AFMUG] OT: Tax cut my ass...
...but property values out here are in the twilight zone.
--
bp
part15sbs{at}gmail{dot}com
On Mon, Apr 1, 2019 at 7:12 PM Bill Prince wrote:
>
> Our property tax is around $700/month. Insurance is a separate thing
> around $110/month (but we pay both annually).
>
> --
> bp
> part15sbs{at}gmail{dot}com
>
>
> On Mon, Apr 1, 2019 at 7:10 PM Chuck McCown wrote:
>
>> Gheeze, my property tax+insurance averages $700/ month
>>
>> Sent from my iPhone
>>
>> On Apr 1, 2019, at 8:00 PM, Forrest Christian (List Account) <
>> li...@packetflux.com> wrote:
>>
>> Mine appraised at 334K when I refinanced a couple years back. Tax bill
>> is around $2.8K.
>>
>> We also don't have a sales tax in the majority of the state (a couple of
>> tourist towns have a local sales tax to help pay for infrastructure that
>> the tourists consume).
>>
>> We do get hit a bit harder than most on income tax if you're in the top
>> couple of brackets.
>>
>> On Mon, Apr 1, 2019 at 5:34 PM Mike Hammett wrote:
>>
>>> I purchased my house last year for $150k. It appraised for $200k. I pay
>>> $6,200/year in property taxes.
>>>
>>>
>>>
>>> -
>>> Mike Hammett
>>> Intelligent Computing Solutions <http://www.ics-il.com/>
>>> <https://www.facebook.com/ICSIL>
>>> <https://plus.google.com/+IntelligentComputingSolutionsDeKalb>
>>> <https://www.linkedin.com/company/intelligent-computing-solutions>
>>> <https://twitter.com/ICSIL>
>>> Midwest Internet Exchange <http://www.midwest-ix.com/>
>>> <https://www.facebook.com/mdwestix>
>>> <https://www.linkedin.com/company/midwest-internet-exchange>
>>> <https://twitter.com/mdwestix>
>>> The Brothers WISP <http://www.thebrotherswisp.com/>
>>> <https://www.facebook.com/thebrotherswisp>
>>>
>>>
>>> <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
>>> --
>>> *From: *"Bill Prince"
>>> *To: *"AnimalFarm Microwave Users Group"
>>> *Sent: *Monday, April 1, 2019 5:52:38 PM
>>> *Subject: *Re: [AFMUG] OT: Tax cut my ass...
>>>
>>>
>>> Wow. Your property taxes seem pretty high. Similarly, here in
>>> California, property taxes are not a state tax at all, but a local tax to
>>> (primarily) pay for schools.
>>>
>>> When we had our S corp, our CPA advised us to pay a salary, but only
>>> enough to keep the IRS satisfied that we were paying salaries. So we each
>>> took a token salary, and any excess revenue was taken as a "distribution to
>>> shareholders". We paid minimal payroll taxes as a result.
>>>
>>> --
>>> bp
>>> part15sbs{at}gmail{dot}com
>>>
>>>
>>> On Mon, Apr 1, 2019 at 3:12 PM Ken Hohhof wrote:
>>>
>>>> FWIW, property tax is typically a local tax, not a state tax.
>>>> Illinois does not have a state property tax, and around 2/3 of property
>>>> taxes go to fund school districts.
>>>>
>>>>
>>>>
>>>> I still live in the house we bought in 1976. We added two bedrooms and
>>>> a family room after we had kids. It is not a mansion, but we live in
>>>> DuPage County, in a town on one of the commuter rail lines. My property
>>>> tax bill is around $19,000. More than some neighbors, less than others.
>>>> Add the state taxes, and the $10,000 cap on SALT means I will be paying
>>>> federal tax on at least $10K that I didn’t pay tax on last year and that I
>>>> never received as disposable income. My wife died 2 years ago so my
>>>> standard deduction is $12K not $24K. Yes that is higher than last year,
>>>> but that’s cancelled out by the personal exemption going away. I have one
>>>> kid who lives with me, but that doesn’t help me with taxes.
>>>>
>>>>
>>>>
>>>> Lots of people, especially seniors, are probably in the same situation
>>>> as me. If you don’t have a large income so you can pay the substantially
>>>> higher taxes, the federal government is essentially telling you that you
>>>> have to move out of your house. And I think for a lot of people the
>>>> withholding tax formulas didn’t properly account for this change.
>>>>
>>>>
>>>>
>>>> I think you are oversimplifying this as
Re: [AFMUG] OT: Tax cut my ass...
Gheeze, my property tax+insurance averages $700/ month
Sent from my iPhone
> On Apr 1, 2019, at 8:00 PM, Forrest Christian (List Account)
> wrote:
>
> Mine appraised at 334K when I refinanced a couple years back. Tax bill is
> around $2.8K.
>
> We also don't have a sales tax in the majority of the state (a couple of
> tourist towns have a local sales tax to help pay for infrastructure that the
> tourists consume).
>
> We do get hit a bit harder than most on income tax if you're in the top
> couple of brackets.
>
>> On Mon, Apr 1, 2019 at 5:34 PM Mike Hammett wrote:
>> I purchased my house last year for $150k. It appraised for $200k. I pay
>> $6,200/year in property taxes.
>>
>>
>>
>> -
>> Mike Hammett
>> Intelligent Computing Solutions
>>
>> Midwest Internet Exchange
>>
>> The Brothers WISP
>>
>>
>>
>>
>> From: "Bill Prince"
>> To: "AnimalFarm Microwave Users Group"
>> Sent: Monday, April 1, 2019 5:52:38 PM
>> Subject: Re: [AFMUG] OT: Tax cut my ass...
>>
>>
>> Wow. Your property taxes seem pretty high. Similarly, here in California,
>> property taxes are not a state tax at all, but a local tax to (primarily)
>> pay for schools.
>>
>> When we had our S corp, our CPA advised us to pay a salary, but only enough
>> to keep the IRS satisfied that we were paying salaries. So we each took a
>> token salary, and any excess revenue was taken as a "distribution to
>> shareholders". We paid minimal payroll taxes as a result.
>>
>> --
>> bp
>> part15sbs{at}gmail{dot}com
>>
>>
>>> On Mon, Apr 1, 2019 at 3:12 PM Ken Hohhof wrote:
>>> FWIW, property tax is typically a local tax, not a state tax. Illinois
>>> does not have a state property tax, and around 2/3 of property taxes go to
>>> fund school districts.
>>>
>>>
>>>
>>> I still live in the house we bought in 1976. We added two bedrooms and a
>>> family room after we had kids. It is not a mansion, but we live in DuPage
>>> County, in a town on one of the commuter rail lines. My property tax bill
>>> is around $19,000. More than some neighbors, less than others. Add the
>>> state taxes, and the $10,000 cap on SALT means I will be paying federal tax
>>> on at least $10K that I didn’t pay tax on last year and that I never
>>> received as disposable income. My wife died 2 years ago so my standard
>>> deduction is $12K not $24K. Yes that is higher than last year, but that’s
>>> cancelled out by the personal exemption going away. I have one kid who
>>> lives with me, but that doesn’t help me with taxes.
>>>
>>>
>>>
>>> Lots of people, especially seniors, are probably in the same situation as
>>> me. If you don’t have a large income so you can pay the substantially
>>> higher taxes, the federal government is essentially telling you that you
>>> have to move out of your house. And I think for a lot of people the
>>> withholding tax formulas didn’t properly account for this change.
>>>
>>>
>>>
>>> I think you are oversimplifying this as we’re finally sticking it to the
>>> state governments who spend and tax too much. In the case of property tax,
>>> it’s not even a state tax. And it’s not like property taxes were invented
>>> yesterday or during the administration of >> didn’t like>. Like I say, I’ve lived here for over 40 years, paid property
>>> taxes the whole time, but I didn’t then also pay income tax on that money
>>> that I never got to spend. It’s not taking any money away from the state
>>> of Illinois, and it has no effect on the state’s spending or taxing
>>> decisions. It just takes several thousand dollars out of my wallet.
>>>
>>>
>>>
>>> The other thing I’m going to have to discuss with my accountant is the S
>>> Corp pass through change. It could be really stupid now for my company to
>>> be paying me a salary, maybe a distribution would be the way to go. I’m
>>> not sure. I always tried to do the right thing and pay myself a reasonable
>>> salary so the government could get their various payroll taxes, but maybe
>>> I’m being a moron.
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> From: AF On Behalf Of Steve Jones
>>> Sent: Monday, April 1, 2019 4:16 PM
>>> To: Anim
Re: [AFMUG] OT: Tax cut my ass...
Mine appraised at 334K when I refinanced a couple years back. Tax bill is
around $2.8K.
We also don't have a sales tax in the majority of the state (a couple of
tourist towns have a local sales tax to help pay for infrastructure that
the tourists consume).
We do get hit a bit harder than most on income tax if you're in the top
couple of brackets.
On Mon, Apr 1, 2019 at 5:34 PM Mike Hammett wrote:
> I purchased my house last year for $150k. It appraised for $200k. I pay
> $6,200/year in property taxes.
>
>
>
> -
> Mike Hammett
> Intelligent Computing Solutions <http://www.ics-il.com/>
> <https://www.facebook.com/ICSIL>
> <https://plus.google.com/+IntelligentComputingSolutionsDeKalb>
> <https://www.linkedin.com/company/intelligent-computing-solutions>
> <https://twitter.com/ICSIL>
> Midwest Internet Exchange <http://www.midwest-ix.com/>
> <https://www.facebook.com/mdwestix>
> <https://www.linkedin.com/company/midwest-internet-exchange>
> <https://twitter.com/mdwestix>
> The Brothers WISP <http://www.thebrotherswisp.com/>
> <https://www.facebook.com/thebrotherswisp>
>
>
> <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
> ----------
> *From: *"Bill Prince"
> *To: *"AnimalFarm Microwave Users Group"
> *Sent: *Monday, April 1, 2019 5:52:38 PM
> *Subject: *Re: [AFMUG] OT: Tax cut my ass...
>
>
> Wow. Your property taxes seem pretty high. Similarly, here in California,
> property taxes are not a state tax at all, but a local tax to (primarily)
> pay for schools.
>
> When we had our S corp, our CPA advised us to pay a salary, but only
> enough to keep the IRS satisfied that we were paying salaries. So we each
> took a token salary, and any excess revenue was taken as a "distribution to
> shareholders". We paid minimal payroll taxes as a result.
>
> --
> bp
> part15sbs{at}gmail{dot}com
>
>
> On Mon, Apr 1, 2019 at 3:12 PM Ken Hohhof wrote:
>
>> FWIW, property tax is typically a local tax, not a state tax. Illinois
>> does not have a state property tax, and around 2/3 of property taxes go to
>> fund school districts.
>>
>>
>>
>> I still live in the house we bought in 1976. We added two bedrooms and a
>> family room after we had kids. It is not a mansion, but we live in DuPage
>> County, in a town on one of the commuter rail lines. My property tax bill
>> is around $19,000. More than some neighbors, less than others. Add the
>> state taxes, and the $10,000 cap on SALT means I will be paying federal tax
>> on at least $10K that I didn’t pay tax on last year and that I never
>> received as disposable income. My wife died 2 years ago so my standard
>> deduction is $12K not $24K. Yes that is higher than last year, but that’s
>> cancelled out by the personal exemption going away. I have one kid who
>> lives with me, but that doesn’t help me with taxes.
>>
>>
>>
>> Lots of people, especially seniors, are probably in the same situation as
>> me. If you don’t have a large income so you can pay the substantially
>> higher taxes, the federal government is essentially telling you that you
>> have to move out of your house. And I think for a lot of people the
>> withholding tax formulas didn’t properly account for this change.
>>
>>
>>
>> I think you are oversimplifying this as we’re finally sticking it to the
>> state governments who spend and tax too much. In the case of property tax,
>> it’s not even a state tax. And it’s not like property taxes were invented
>> yesterday or during the administration of > didn’t like>. Like I say, I’ve lived here for over 40 years, paid property
>> taxes the whole time, but I didn’t then also pay income tax on that money
>> that I never got to spend. It’s not taking any money away from the state
>> of Illinois, and it has no effect on the state’s spending or taxing
>> decisions. It just takes several thousand dollars out of my wallet.
>>
>>
>>
>> The other thing I’m going to have to discuss with my accountant is the S
>> Corp pass through change. It could be really stupid now for my company to
>> be paying me a salary, maybe a distribution would be the way to go. I’m
>> not sure. I always tried to do the right thing and pay myself a reasonable
>> salary so the government could get their various payroll taxes, but maybe
>> I’m being a moron.
>>
>>
>>
>>
>>
>>
>>
>> *From:* AF *On Behalf Of *Steve Jones
>> *Sent:* Monday, April 1, 2019 4:16 PM
>> *To:* AnimalFarm Micr
Re: [AFMUG] OT: Tax cut my ass...
I purchased my house last year for $150k. It appraised for $200k. I pay
$6,200/year in property taxes.
-
Mike Hammett
Intelligent Computing Solutions
Midwest Internet Exchange
The Brothers WISP
- Original Message -
From: "Bill Prince"
To: "AnimalFarm Microwave Users Group"
Sent: Monday, April 1, 2019 5:52:38 PM
Subject: Re: [AFMUG] OT: Tax cut my ass...
Wow. Your property taxes seem pretty high. Similarly, here in California,
property taxes are not a state tax at all, but a local tax to (primarily) pay
for schools.
When we had our S corp, our CPA advised us to pay a salary, but only enough to
keep the IRS satisfied that we were paying salaries. So we each took a token
salary, and any excess revenue was taken as a "distribution to shareholders".
We paid minimal payroll taxes as a result.
--
bp
part15sbs{at}gmail{dot}com
On Mon, Apr 1, 2019 at 3:12 PM Ken Hohhof < af...@kwisp.com > wrote:
FWIW, property tax is typically a local tax, not a state tax. Illinois does not
have a state property tax, and around 2/3 of property taxes go to fund school
districts.
I still live in the house we bought in 1976. We added two bedrooms and a family
room after we had kids. It is not a mansion, but we live in DuPage County, in a
town on one of the commuter rail lines. My property tax bill is around $19,000.
More than some neighbors, less than others. Add the state taxes, and the
$10,000 cap on SALT means I will be paying federal tax on at least $10K that I
didn’t pay tax on last year and that I never received as disposable income. My
wife died 2 years ago so my standard deduction is $12K not $24K. Yes that is
higher than last year, but that’s cancelled out by the personal exemption going
away. I have one kid who lives with me, but that doesn’t help me with taxes.
Lots of people, especially seniors, are probably in the same situation as me.
If you don’t have a large income so you can pay the substantially higher taxes,
the federal government is essentially telling you that you have to move out of
your house. And I think for a lot of people the withholding tax formulas didn’t
properly account for this change.
I think you are oversimplifying this as we’re finally sticking it to the state
governments who spend and tax too much. In the case of property tax, it’s not
even a state tax. And it’s not like property taxes were invented yesterday or
during the administration of . Like
I say, I’ve lived here for over 40 years, paid property taxes the whole time,
but I didn’t then also pay income tax on that money that I never got to spend.
It’s not taking any money away from the state of Illinois, and it has no effect
on the state’s spending or taxing decisions. It just takes several thousand
dollars out of my wallet.
The other thing I’m going to have to discuss with my accountant is the S Corp
pass through change. It could be really stupid now for my company to be paying
me a salary, maybe a distribution would be the way to go. I’m not sure. I
always tried to do the right thing and pay myself a reasonable salary so the
government could get their various payroll taxes, but maybe I’m being a moron.
From: AF < af-boun...@af.afmug.com > On Behalf Of Steve Jones
Sent: Monday, April 1, 2019 4:16 PM
To: AnimalFarm Microwave Users Group < af@af.afmug.com >
Subject: Re: [AFMUG] OT: Tax cut my ass...
the state has their right to do as they please, but they dont have the right to
do it on the feds back. why arent the states offering credits on federal taxes?
On Mon, Apr 1, 2019 at 2:29 PM Carl Peterson < cpeter...@portnetworks.com >
wrote:
Whatever happened to states rights? The states have a right to decide what
level of service/taxation they like. What it BS is the federal government
taxing you on money that you never made because it was taxed at the state
level.
On Mon, Apr 1, 2019 at 11:06 AM Steve Jones < thatoneguyst...@gmail.com >
wrote:
Im glad they dropped the SALT to 10 percent. I wish they would phase it out to
zero. Force the states to get their houses in order, force people to make more
sound decisions in both purchases and in whom they check off at the ballots. No
more raising taxes and saying, its all good, you can write it off on your
federal.
On Mon, Apr 1, 2019 at 1:53 AM Forrest Christian (List Account) <
li...@packetflux.com > wrote:
One gotcha I found with my taxes (when doing the estimates for the
extension) is that many preparers and tax software don't handle the
pass-through entity deduction correctly.
If you have a s-corp or a partnership or a LLC or similar which passes
through it's income to you, then in many cases up to 20% of this can
be written off regardless of what else is going on on your return.
I.E. it's a separate deduction from either your standard or itemized
deduction.
I though I was
Re: [AFMUG] OT: Tax cut my ass...
Wow. Your property taxes seem pretty high. Similarly, here in California,
property taxes are not a state tax at all, but a local tax to (primarily)
pay for schools.
When we had our S corp, our CPA advised us to pay a salary, but only enough
to keep the IRS satisfied that we were paying salaries. So we each took a
token salary, and any excess revenue was taken as a "distribution to
shareholders". We paid minimal payroll taxes as a result.
--
bp
part15sbs{at}gmail{dot}com
On Mon, Apr 1, 2019 at 3:12 PM Ken Hohhof wrote:
> FWIW, property tax is typically a local tax, not a state tax. Illinois
> does not have a state property tax, and around 2/3 of property taxes go to
> fund school districts.
>
>
>
> I still live in the house we bought in 1976. We added two bedrooms and a
> family room after we had kids. It is not a mansion, but we live in DuPage
> County, in a town on one of the commuter rail lines. My property tax bill
> is around $19,000. More than some neighbors, less than others. Add the
> state taxes, and the $10,000 cap on SALT means I will be paying federal tax
> on at least $10K that I didn’t pay tax on last year and that I never
> received as disposable income. My wife died 2 years ago so my standard
> deduction is $12K not $24K. Yes that is higher than last year, but that’s
> cancelled out by the personal exemption going away. I have one kid who
> lives with me, but that doesn’t help me with taxes.
>
>
>
> Lots of people, especially seniors, are probably in the same situation as
> me. If you don’t have a large income so you can pay the substantially
> higher taxes, the federal government is essentially telling you that you
> have to move out of your house. And I think for a lot of people the
> withholding tax formulas didn’t properly account for this change.
>
>
>
> I think you are oversimplifying this as we’re finally sticking it to the
> state governments who spend and tax too much. In the case of property tax,
> it’s not even a state tax. And it’s not like property taxes were invented
> yesterday or during the administration of didn’t like>. Like I say, I’ve lived here for over 40 years, paid property
> taxes the whole time, but I didn’t then also pay income tax on that money
> that I never got to spend. It’s not taking any money away from the state
> of Illinois, and it has no effect on the state’s spending or taxing
> decisions. It just takes several thousand dollars out of my wallet.
>
>
>
> The other thing I’m going to have to discuss with my accountant is the S
> Corp pass through change. It could be really stupid now for my company to
> be paying me a salary, maybe a distribution would be the way to go. I’m
> not sure. I always tried to do the right thing and pay myself a reasonable
> salary so the government could get their various payroll taxes, but maybe
> I’m being a moron.
>
>
>
>
>
>
>
> *From:* AF *On Behalf Of *Steve Jones
> *Sent:* Monday, April 1, 2019 4:16 PM
> *To:* AnimalFarm Microwave Users Group
> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>
>
>
> the state has their right to do as they please, but they dont have the
> right to do it on the feds back. why arent the states offering credits on
> federal taxes?
>
>
>
>
>
> On Mon, Apr 1, 2019 at 2:29 PM Carl Peterson
> wrote:
>
> Whatever happened to states rights? The states have a right to decide
> what level of service/taxation they like. What it BS is the federal
> government taxing you on money that you never made because it was taxed at
> the state level.
>
>
>
> On Mon, Apr 1, 2019 at 11:06 AM Steve Jones
> wrote:
>
> Im glad they dropped the SALT to 10 percent. I wish they would phase it
> out to zero. Force the states to get their houses in order, force people to
> make more sound decisions in both purchases and in whom they check off at
> the ballots. No more raising taxes and saying, its all good, you can write
> it off on your federal.
>
>
>
> On Mon, Apr 1, 2019 at 1:53 AM Forrest Christian (List Account) <
> li...@packetflux.com> wrote:
>
> One gotcha I found with my taxes (when doing the estimates for the
> extension) is that many preparers and tax software don't handle the
> pass-through entity deduction correctly.
>
> If you have a s-corp or a partnership or a LLC or similar which passes
> through it's income to you, then in many cases up to 20% of this can
> be written off regardless of what else is going on on your return.
> I.E. it's a separate deduction from either your standard or itemized
> deduction.
>
> I though I was getting hit really hard until I figured out that this
> hadn't been applied correctly.
>
> On Sun, Mar 31, 2019 at 8:32 P
Re: [AFMUG] OT: Tax cut my ass...
Our accountant told us a long long time ago we pretty much had to do this. Looking back I'm glad I've done this because basically I am paying into social security and if, by some insane chance it is still there in 30 yearsi'll have paid into it. Instead of taking a distribution and then having to pay self-employment tax (which i do anyway because i am also self employed in my other business) oh yay. The other thing I’m going to have to discuss with my accountant is the S Corp pass through change. It could be really stupid now for my company to be paying me a salary, maybe a distribution would be the way to go. I’m not sure. I always tried to do the right thing and pay myself a reasonable salary so the government could get their various payroll taxes, but maybe I’m being a moron. -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
FWIW, property tax is typically a local tax, not a state tax. Illinois does not have a state property tax, and around 2/3 of property taxes go to fund school districts. I still live in the house we bought in 1976. We added two bedrooms and a family room after we had kids. It is not a mansion, but we live in DuPage County, in a town on one of the commuter rail lines. My property tax bill is around $19,000. More than some neighbors, less than others. Add the state taxes, and the $10,000 cap on SALT means I will be paying federal tax on at least $10K that I didn’t pay tax on last year and that I never received as disposable income. My wife died 2 years ago so my standard deduction is $12K not $24K. Yes that is higher than last year, but that’s cancelled out by the personal exemption going away. I have one kid who lives with me, but that doesn’t help me with taxes. Lots of people, especially seniors, are probably in the same situation as me. If you don’t have a large income so you can pay the substantially higher taxes, the federal government is essentially telling you that you have to move out of your house. And I think for a lot of people the withholding tax formulas didn’t properly account for this change. I think you are oversimplifying this as we’re finally sticking it to the state governments who spend and tax too much. In the case of property tax, it’s not even a state tax. And it’s not like property taxes were invented yesterday or during the administration of . Like I say, I’ve lived here for over 40 years, paid property taxes the whole time, but I didn’t then also pay income tax on that money that I never got to spend. It’s not taking any money away from the state of Illinois, and it has no effect on the state’s spending or taxing decisions. It just takes several thousand dollars out of my wallet. The other thing I’m going to have to discuss with my accountant is the S Corp pass through change. It could be really stupid now for my company to be paying me a salary, maybe a distribution would be the way to go. I’m not sure. I always tried to do the right thing and pay myself a reasonable salary so the government could get their various payroll taxes, but maybe I’m being a moron. From: AF On Behalf Of Steve Jones Sent: Monday, April 1, 2019 4:16 PM To: AnimalFarm Microwave Users Group Subject: Re: [AFMUG] OT: Tax cut my ass... the state has their right to do as they please, but they dont have the right to do it on the feds back. why arent the states offering credits on federal taxes? On Mon, Apr 1, 2019 at 2:29 PM Carl Peterson mailto:cpeter...@portnetworks.com> > wrote: Whatever happened to states rights? The states have a right to decide what level of service/taxation they like. What it BS is the federal government taxing you on money that you never made because it was taxed at the state level. On Mon, Apr 1, 2019 at 11:06 AM Steve Jones mailto:thatoneguyst...@gmail.com> > wrote: Im glad they dropped the SALT to 10 percent. I wish they would phase it out to zero. Force the states to get their houses in order, force people to make more sound decisions in both purchases and in whom they check off at the ballots. No more raising taxes and saying, its all good, you can write it off on your federal. On Mon, Apr 1, 2019 at 1:53 AM Forrest Christian (List Account) mailto:li...@packetflux.com> > wrote: One gotcha I found with my taxes (when doing the estimates for the extension) is that many preparers and tax software don't handle the pass-through entity deduction correctly. If you have a s-corp or a partnership or a LLC or similar which passes through it's income to you, then in many cases up to 20% of this can be written off regardless of what else is going on on your return. I.E. it's a separate deduction from either your standard or itemized deduction. I though I was getting hit really hard until I figured out that this hadn't been applied correctly. On Sun, Mar 31, 2019 at 8:32 PM Ken Hohhof mailto:af...@kwisp.com> > wrote: > > All state and local taxes (SALT) limited to $10K deduction so income tax, > sales tax, and property tax. Trust me, it's not hard to exceed $10K in > property taxes alone. Also property tax is typically local, not state, and > in many areas is the primary means of funding public schools. > > Real estate tax on farmland used for crops and livestock is still 100% > deductible. > > > -Original Message- > From: AF mailto:af-boun...@af.afmug.com> > On > Behalf Of Bill Prince > Sent: Sunday, March 31, 2019 8:41 PM > To: af@af.afmug.com <mailto:af@af.afmug.com> > Subject: Re: [AFMUG] OT: Tax cut my ass... > > Yeah, our taxes don't reach that threshold. Mainly because we bought our > house over 2 decades ago, and Prop. 13 keeps the valuation from rising too > fast
Re: [AFMUG] OT: Tax cut my ass...
the state has their right to do as they please, but they dont have the right to do it on the feds back. why arent the states offering credits on federal taxes? On Mon, Apr 1, 2019 at 2:29 PM Carl Peterson wrote: > Whatever happened to states rights? The states have a right to decide > what level of service/taxation they like. What it BS is the federal > government taxing you on money that you never made because it was taxed at > the state level. > > On Mon, Apr 1, 2019 at 11:06 AM Steve Jones > wrote: > >> Im glad they dropped the SALT to 10 percent. I wish they would phase it >> out to zero. Force the states to get their houses in order, force people to >> make more sound decisions in both purchases and in whom they check off at >> the ballots. No more raising taxes and saying, its all good, you can write >> it off on your federal. >> >> On Mon, Apr 1, 2019 at 1:53 AM Forrest Christian (List Account) < >> li...@packetflux.com> wrote: >> >>> One gotcha I found with my taxes (when doing the estimates for the >>> extension) is that many preparers and tax software don't handle the >>> pass-through entity deduction correctly. >>> >>> If you have a s-corp or a partnership or a LLC or similar which passes >>> through it's income to you, then in many cases up to 20% of this can >>> be written off regardless of what else is going on on your return. >>> I.E. it's a separate deduction from either your standard or itemized >>> deduction. >>> >>> I though I was getting hit really hard until I figured out that this >>> hadn't been applied correctly. >>> >>> On Sun, Mar 31, 2019 at 8:32 PM Ken Hohhof wrote: >>> > >>> > All state and local taxes (SALT) limited to $10K deduction so income >>> tax, sales tax, and property tax. Trust me, it's not hard to exceed $10K >>> in property taxes alone. Also property tax is typically local, not state, >>> and in many areas is the primary means of funding public schools. >>> > >>> > Real estate tax on farmland used for crops and livestock is still 100% >>> deductible. >>> > >>> > >>> > -Original Message- >>> > From: AF On Behalf Of Bill Prince >>> > Sent: Sunday, March 31, 2019 8:41 PM >>> > To: af@af.afmug.com >>> > Subject: Re: [AFMUG] OT: Tax cut my ass... >>> > >>> > Yeah, our taxes don't reach that threshold. Mainly because we bought >>> our house over 2 decades ago, and Prop. 13 keeps the valuation from rising >>> too fast. >>> > >>> > >>> > bp >>> > >>> > >>> > On 3/31/2019 6:22 PM, Seth Mattinen wrote: >>> > > On 3/31/19 5:03 PM, justsumname wrote: >>> > >> The IRS website shows what changed. Tax rates did in fact go >>> > >> down... but deductions were eliminated and/or capped lower and so >>> > >> that's where the sticker shock is coming from. Itemized deductions >>> > >> were capped at 10k for example, if I remember correctly. >>> > >> >>> > >> Two observations ... a very broad brush summary: >>> > >> >>> > >> --no longer are people with big mortgages being tax-subsidized by >>> > >> people with smaller mortgages --no longer are States with low(er) >>> > >> property taxes tax-subsidizing States with high(er) property taxes >>> > >> >>> > > >>> > > >>> > > State and local income tax is capped at $10k deduction. >>> > > >>> https://www.irs.gov/newsroom/tax-reform-brought-significant-changes-to >>> > > -itemized-deductions >>> > > >>> > > >>> > > Mortgages are capped at $750k for new mortgages after Dec 31, 2017. >>> > > https://www.irs.gov/publications/p936 >>> > > >>> > >>> > -- >>> > AF mailing list >>> > AF@af.afmug.com >>> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> > >>> > >>> > >>> > -- >>> > AF mailing list >>> > AF@af.afmug.com >>> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> >>> >>> >>> -- >>> - Forrest >>> >>> -- >>> AF mailing list >>> AF@af.afmug.com >>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > > > -- > > Carl Peterson > > *PORT NETWORKS* > > 401 E Pratt St, Ste 2553 > > Baltimore, MD 21202 > > (410) 637-3707 > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
Whatever happened to states rights? The states have a right to decide what level of service/taxation they like. What it BS is the federal government taxing you on money that you never made because it was taxed at the state level. On Mon, Apr 1, 2019 at 11:06 AM Steve Jones wrote: > Im glad they dropped the SALT to 10 percent. I wish they would phase it > out to zero. Force the states to get their houses in order, force people to > make more sound decisions in both purchases and in whom they check off at > the ballots. No more raising taxes and saying, its all good, you can write > it off on your federal. > > On Mon, Apr 1, 2019 at 1:53 AM Forrest Christian (List Account) < > li...@packetflux.com> wrote: > >> One gotcha I found with my taxes (when doing the estimates for the >> extension) is that many preparers and tax software don't handle the >> pass-through entity deduction correctly. >> >> If you have a s-corp or a partnership or a LLC or similar which passes >> through it's income to you, then in many cases up to 20% of this can >> be written off regardless of what else is going on on your return. >> I.E. it's a separate deduction from either your standard or itemized >> deduction. >> >> I though I was getting hit really hard until I figured out that this >> hadn't been applied correctly. >> >> On Sun, Mar 31, 2019 at 8:32 PM Ken Hohhof wrote: >> > >> > All state and local taxes (SALT) limited to $10K deduction so income >> tax, sales tax, and property tax. Trust me, it's not hard to exceed $10K >> in property taxes alone. Also property tax is typically local, not state, >> and in many areas is the primary means of funding public schools. >> > >> > Real estate tax on farmland used for crops and livestock is still 100% >> deductible. >> > >> > >> > -Original Message- >> > From: AF On Behalf Of Bill Prince >> > Sent: Sunday, March 31, 2019 8:41 PM >> > To: af@af.afmug.com >> > Subject: Re: [AFMUG] OT: Tax cut my ass... >> > >> > Yeah, our taxes don't reach that threshold. Mainly because we bought >> our house over 2 decades ago, and Prop. 13 keeps the valuation from rising >> too fast. >> > >> > >> > bp >> > >> > >> > On 3/31/2019 6:22 PM, Seth Mattinen wrote: >> > > On 3/31/19 5:03 PM, justsumname wrote: >> > >> The IRS website shows what changed. Tax rates did in fact go >> > >> down... but deductions were eliminated and/or capped lower and so >> > >> that's where the sticker shock is coming from. Itemized deductions >> > >> were capped at 10k for example, if I remember correctly. >> > >> >> > >> Two observations ... a very broad brush summary: >> > >> >> > >> --no longer are people with big mortgages being tax-subsidized by >> > >> people with smaller mortgages --no longer are States with low(er) >> > >> property taxes tax-subsidizing States with high(er) property taxes >> > >> >> > > >> > > >> > > State and local income tax is capped at $10k deduction. >> > > >> https://www.irs.gov/newsroom/tax-reform-brought-significant-changes-to >> > > -itemized-deductions >> > > >> > > >> > > Mortgages are capped at $750k for new mortgages after Dec 31, 2017. >> > > https://www.irs.gov/publications/p936 >> > > >> > >> > -- >> > AF mailing list >> > AF@af.afmug.com >> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > >> > >> > >> > -- >> > AF mailing list >> > AF@af.afmug.com >> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> >> >> >> -- >> - Forrest >> >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- Carl Peterson *PORT NETWORKS* 401 E Pratt St, Ste 2553 Baltimore, MD 21202 (410) 637-3707 -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
Im glad they dropped the SALT to 10 percent. I wish they would phase it out to zero. Force the states to get their houses in order, force people to make more sound decisions in both purchases and in whom they check off at the ballots. No more raising taxes and saying, its all good, you can write it off on your federal. On Mon, Apr 1, 2019 at 1:53 AM Forrest Christian (List Account) < li...@packetflux.com> wrote: > One gotcha I found with my taxes (when doing the estimates for the > extension) is that many preparers and tax software don't handle the > pass-through entity deduction correctly. > > If you have a s-corp or a partnership or a LLC or similar which passes > through it's income to you, then in many cases up to 20% of this can > be written off regardless of what else is going on on your return. > I.E. it's a separate deduction from either your standard or itemized > deduction. > > I though I was getting hit really hard until I figured out that this > hadn't been applied correctly. > > On Sun, Mar 31, 2019 at 8:32 PM Ken Hohhof wrote: > > > > All state and local taxes (SALT) limited to $10K deduction so income > tax, sales tax, and property tax. Trust me, it's not hard to exceed $10K > in property taxes alone. Also property tax is typically local, not state, > and in many areas is the primary means of funding public schools. > > > > Real estate tax on farmland used for crops and livestock is still 100% > deductible. > > > > > > -Original Message- > > From: AF On Behalf Of Bill Prince > > Sent: Sunday, March 31, 2019 8:41 PM > > To: af@af.afmug.com > > Subject: Re: [AFMUG] OT: Tax cut my ass... > > > > Yeah, our taxes don't reach that threshold. Mainly because we bought our > house over 2 decades ago, and Prop. 13 keeps the valuation from rising too > fast. > > > > > > bp > > > > > > On 3/31/2019 6:22 PM, Seth Mattinen wrote: > > > On 3/31/19 5:03 PM, justsumname wrote: > > >> The IRS website shows what changed. Tax rates did in fact go > > >> down... but deductions were eliminated and/or capped lower and so > > >> that's where the sticker shock is coming from. Itemized deductions > > >> were capped at 10k for example, if I remember correctly. > > >> > > >> Two observations ... a very broad brush summary: > > >> > > >> --no longer are people with big mortgages being tax-subsidized by > > >> people with smaller mortgages --no longer are States with low(er) > > >> property taxes tax-subsidizing States with high(er) property taxes > > >> > > > > > > > > > State and local income tax is capped at $10k deduction. > > > https://www.irs.gov/newsroom/tax-reform-brought-significant-changes-to > > > -itemized-deductions > > > > > > > > > Mortgages are capped at $750k for new mortgages after Dec 31, 2017. > > > https://www.irs.gov/publications/p936 > > > > > > > -- > > AF mailing list > > AF@af.afmug.com > > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > > > > > > -- > > AF mailing list > > AF@af.afmug.com > > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > > -- > - Forrest > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
One gotcha I found with my taxes (when doing the estimates for the extension) is that many preparers and tax software don't handle the pass-through entity deduction correctly. If you have a s-corp or a partnership or a LLC or similar which passes through it's income to you, then in many cases up to 20% of this can be written off regardless of what else is going on on your return. I.E. it's a separate deduction from either your standard or itemized deduction. I though I was getting hit really hard until I figured out that this hadn't been applied correctly. On Sun, Mar 31, 2019 at 8:32 PM Ken Hohhof wrote: > > All state and local taxes (SALT) limited to $10K deduction so income tax, > sales tax, and property tax. Trust me, it's not hard to exceed $10K in > property taxes alone. Also property tax is typically local, not state, and > in many areas is the primary means of funding public schools. > > Real estate tax on farmland used for crops and livestock is still 100% > deductible. > > > -Original Message- > From: AF On Behalf Of Bill Prince > Sent: Sunday, March 31, 2019 8:41 PM > To: af@af.afmug.com > Subject: Re: [AFMUG] OT: Tax cut my ass... > > Yeah, our taxes don't reach that threshold. Mainly because we bought our > house over 2 decades ago, and Prop. 13 keeps the valuation from rising too > fast. > > > bp > > > On 3/31/2019 6:22 PM, Seth Mattinen wrote: > > On 3/31/19 5:03 PM, justsumname wrote: > >> The IRS website shows what changed. Tax rates did in fact go > >> down... but deductions were eliminated and/or capped lower and so > >> that's where the sticker shock is coming from. Itemized deductions > >> were capped at 10k for example, if I remember correctly. > >> > >> Two observations ... a very broad brush summary: > >> > >> --no longer are people with big mortgages being tax-subsidized by > >> people with smaller mortgages --no longer are States with low(er) > >> property taxes tax-subsidizing States with high(er) property taxes > >> > > > > > > State and local income tax is capped at $10k deduction. > > https://www.irs.gov/newsroom/tax-reform-brought-significant-changes-to > > -itemized-deductions > > > > > > Mortgages are capped at $750k for new mortgages after Dec 31, 2017. > > https://www.irs.gov/publications/p936 > > > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com -- - Forrest -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
All state and local taxes (SALT) limited to $10K deduction so income tax, sales tax, and property tax. Trust me, it's not hard to exceed $10K in property taxes alone. Also property tax is typically local, not state, and in many areas is the primary means of funding public schools. Real estate tax on farmland used for crops and livestock is still 100% deductible. -Original Message- From: AF On Behalf Of Bill Prince Sent: Sunday, March 31, 2019 8:41 PM To: af@af.afmug.com Subject: Re: [AFMUG] OT: Tax cut my ass... Yeah, our taxes don't reach that threshold. Mainly because we bought our house over 2 decades ago, and Prop. 13 keeps the valuation from rising too fast. bp On 3/31/2019 6:22 PM, Seth Mattinen wrote: > On 3/31/19 5:03 PM, justsumname wrote: >> The IRS website shows what changed. Tax rates did in fact go >> down... but deductions were eliminated and/or capped lower and so >> that's where the sticker shock is coming from. Itemized deductions >> were capped at 10k for example, if I remember correctly. >> >> Two observations ... a very broad brush summary: >> >> --no longer are people with big mortgages being tax-subsidized by >> people with smaller mortgages --no longer are States with low(er) >> property taxes tax-subsidizing States with high(er) property taxes >> > > > State and local income tax is capped at $10k deduction. > https://www.irs.gov/newsroom/tax-reform-brought-significant-changes-to > -itemized-deductions > > > Mortgages are capped at $750k for new mortgages after Dec 31, 2017. > https://www.irs.gov/publications/p936 > -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
Yeah, our taxes don't reach that threshold. Mainly because we bought our house over 2 decades ago, and Prop. 13 keeps the valuation from rising too fast. bp On 3/31/2019 6:22 PM, Seth Mattinen wrote: On 3/31/19 5:03 PM, justsumname wrote: The IRS website shows what changed. Tax rates did in fact go down... but deductions were eliminated and/or capped lower and so that's where the sticker shock is coming from. Itemized deductions were capped at 10k for example, if I remember correctly. Two observations ... a very broad brush summary: --no longer are people with big mortgages being tax-subsidized by people with smaller mortgages --no longer are States with low(er) property taxes tax-subsidizing States with high(er) property taxes State and local income tax is capped at $10k deduction. https://www.irs.gov/newsroom/tax-reform-brought-significant-changes-to-itemized-deductions Mortgages are capped at $750k for new mortgages after Dec 31, 2017. https://www.irs.gov/publications/p936 -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
On 3/31/19 5:03 PM, justsumname wrote: The IRS website shows what changed. Tax rates did in fact go down... but deductions were eliminated and/or capped lower and so that's where the sticker shock is coming from. Itemized deductions were capped at 10k for example, if I remember correctly. Two observations ... a very broad brush summary: --no longer are people with big mortgages being tax-subsidized by people with smaller mortgages --no longer are States with low(er) property taxes tax-subsidizing States with high(er) property taxes State and local income tax is capped at $10k deduction. https://www.irs.gov/newsroom/tax-reform-brought-significant-changes-to-itemized-deductions Mortgages are capped at $750k for new mortgages after Dec 31, 2017. https://www.irs.gov/publications/p936 -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
wrong - the deduction for taxes - state, property, sales, etc. was capped at
$10K. If itemized deductions were capped at $10K there would be a lot of
unhappy campers out there!
> On Mar 31, 2019, at 8:03 PM, justsumname wrote:
>
> The IRS website shows what changed. Tax rates did in fact go down... but
> deductions were eliminated and/or capped lower and so that's where the
> sticker shock is coming from. Itemized deductions were capped at 10k for
> example, if I remember correctly.
>
> Two observations ... a very broad brush summary:
>
> --no longer are people with big mortgages being tax-subsidized by people with
> smaller mortgages
> --no longer are States with low(er) property taxes tax-subsidizing States
> with high(er) property taxes
>
>
>
> On Fri, Mar 29, 2019 at 9:57 PM Bill Prince <mailto:part15...@gmail.com>> wrote:
>
> Bet that smarts.
>
> --
> bp
> part15sbs{at}gmail{dot}com
>
>
> On Fri, Mar 29, 2019 at 6:43 PM Ken Hohhof <mailto:af...@kwisp.com>> wrote:
> Anal tax?
>
>
>
> From: AF mailto:af-boun...@af.afmug.com>> On Behalf
> Of ch...@wbmfg.com <mailto:ch...@wbmfg.com>
> Sent: Friday, March 29, 2019 6:26 PM
> To: AnimalFarm Microwave Users Group <mailto:af@af.afmug.com>>
> Subject: Re: [AFMUG] OT: Tax cut my ass...
>
>
>
> I have a pretty scrupulous CPA and an equally anal tax attorney. If I ever
> get it trouble it will be a huge surprise.
>
>
>
> From: Ken Hohhof
>
> Sent: Friday, March 29, 2019 4:57 PM
>
> To: 'AnimalFarm Microwave Users Group'
>
> Subject: Re: [AFMUG] OT: Tax cut my ass...
>
>
>
> There was an article in the paper I think today about how the IRS doesn’t
> have the staff to go after people who don’t pay their taxes, it used Michael
> Avenatti as an example.
>
> https://www.nytimes.com/2019/03/28/opinion/irs-taxes.html
> <https://www.nytimes.com/2019/03/28/opinion/irs-taxes.html>
>
>
> There was also an article online about how the FCC and FTC hardly ever
> collect any of their fines.
>
> https://arstechnica.com/tech-policy/2019/03/fcc-fined-robocallers-208-million-since-2015-but-collected-only-6790/
>
> <https://arstechnica.com/tech-policy/2019/03/fcc-fined-robocallers-208-million-since-2015-but-collected-only-6790/>
>
>
> So apparently the answer is just don’t pay your taxes. Heck be like Avenatti
> and don’t even file.
>
>
>
>
>
> From: AF mailto:af-boun...@af.afmug.com>> On Behalf
> Of Carl Peterson
> Sent: Friday, March 29, 2019 5:49 PM
> To: AnimalFarm Microwave Users Group <mailto:af@af.afmug.com>>
> Subject: Re: [AFMUG] OT: Tax cut my ass...
>
>
>
> Clearly you don't make enough money to deserve a tax cut... I kid. The
> increase in the standard deduction is great though. Paves the way for a
> future administration to get rid of the formerly sacred mortgage interest
> deduction.
>
>
>
> On Fri, Mar 29, 2019 at 1:26 PM Bill Prince <mailto:part15...@gmail.com>> wrote:
>
>
>
> Just got my completed 2018 tax return. I'm kind of stunned. My income went up
> by 8%, but my tax liability went up by 417%
>
>
>
>
>
> --
>
> bp
>
> part15sbs{at}gmail{dot}com
>
> --
> AF mailing list
> AF@af.afmug.com <mailto:AF@af.afmug.com>
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
> <http://af.afmug.com/mailman/listinfo/af_af.afmug.com>
>
>
>
> --
>
> Carl Peterson
>
> PORT NETWORKS
>
> 401 E Pratt St, Ste 2553
>
> Baltimore, MD 21202
>
> (410) 637-3707
>
> --
> AF mailing list
> AF@af.afmug.com <mailto:AF@af.afmug.com>
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
> <http://af.afmug.com/mailman/listinfo/af_af.afmug.com>--
> AF mailing list
> AF@af.afmug.com <mailto:AF@af.afmug.com>
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
> <http://af.afmug.com/mailman/listinfo/af_af.afmug.com>
> --
> AF mailing list
> AF@af.afmug.com <mailto:AF@af.afmug.com>
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
> <http://af.afmug.com/mailman/listinfo/af_af.afmug.com>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
The IRS website shows what changed. Tax rates did in fact go down... but
deductions were eliminated and/or capped lower and so that's where the
sticker shock is coming from. Itemized deductions were capped at 10k for
example, if I remember correctly.
Two observations ... a very broad brush summary:
--no longer are people with big mortgages being tax-subsidized by people
with smaller mortgages
--no longer are States with low(er) property taxes tax-subsidizing States
with high(er) property taxes
On Fri, Mar 29, 2019 at 9:57 PM Bill Prince wrote:
>
> Bet that smarts.
>
> --
> bp
> part15sbs{at}gmail{dot}com
>
>
> On Fri, Mar 29, 2019 at 6:43 PM Ken Hohhof wrote:
>
>> Anal tax?
>>
>>
>>
>> *From:* AF *On Behalf Of *ch...@wbmfg.com
>> *Sent:* Friday, March 29, 2019 6:26 PM
>> *To:* AnimalFarm Microwave Users Group
>> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>>
>>
>>
>> I have a pretty scrupulous CPA and an equally anal tax attorney. If I
>> ever get it trouble it will be a huge surprise.
>>
>>
>>
>> *From:* Ken Hohhof
>>
>> *Sent:* Friday, March 29, 2019 4:57 PM
>>
>> *To:* 'AnimalFarm Microwave Users Group'
>>
>> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>>
>>
>>
>> There was an article in the paper I think today about how the IRS doesn’t
>> have the staff to go after people who don’t pay their taxes, it used
>> Michael Avenatti as an example.
>>
>> https://www.nytimes.com/2019/03/28/opinion/irs-taxes.html
>>
>>
>>
>> There was also an article online about how the FCC and FTC hardly ever
>> collect any of their fines.
>>
>>
>> https://arstechnica.com/tech-policy/2019/03/fcc-fined-robocallers-208-million-since-2015-but-collected-only-6790/
>>
>>
>>
>> So apparently the answer is just don’t pay your taxes. Heck be like
>> Avenatti and don’t even file.
>>
>>
>>
>>
>>
>> *From:* AF *On Behalf Of *Carl Peterson
>> *Sent:* Friday, March 29, 2019 5:49 PM
>> *To:* AnimalFarm Microwave Users Group
>> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>>
>>
>>
>> Clearly you don't make enough money to deserve a tax cut... I kid. The
>> increase in the standard deduction is great though. Paves the way for a
>> future administration to get rid of the formerly sacred mortgage interest
>> deduction.
>>
>>
>>
>> On Fri, Mar 29, 2019 at 1:26 PM Bill Prince wrote:
>>
>>
>>
>> Just got my completed 2018 tax return. I'm kind of stunned. My income
>> went up by 8%, but my tax liability went up by 417%
>>
>>
>>
>>
>> --
>>
>> bp
>>
>> part15sbs{at}gmail{dot}com
>>
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
>>
>>
>>
>> --
>>
>> Carl Peterson
>>
>> *PORT NETWORKS*
>>
>> 401 E Pratt St, Ste 2553
>>
>> Baltimore, MD 21202
>>
>> (410) 637-3707
>> --
>>
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
Bet that smarts.
--
bp
part15sbs{at}gmail{dot}com
On Fri, Mar 29, 2019 at 6:43 PM Ken Hohhof wrote:
> Anal tax?
>
>
>
> *From:* AF *On Behalf Of *ch...@wbmfg.com
> *Sent:* Friday, March 29, 2019 6:26 PM
> *To:* AnimalFarm Microwave Users Group
> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>
>
>
> I have a pretty scrupulous CPA and an equally anal tax attorney. If I
> ever get it trouble it will be a huge surprise.
>
>
>
> *From:* Ken Hohhof
>
> *Sent:* Friday, March 29, 2019 4:57 PM
>
> *To:* 'AnimalFarm Microwave Users Group'
>
> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>
>
>
> There was an article in the paper I think today about how the IRS doesn’t
> have the staff to go after people who don’t pay their taxes, it used
> Michael Avenatti as an example.
>
> https://www.nytimes.com/2019/03/28/opinion/irs-taxes.html
>
>
>
> There was also an article online about how the FCC and FTC hardly ever
> collect any of their fines.
>
>
> https://arstechnica.com/tech-policy/2019/03/fcc-fined-robocallers-208-million-since-2015-but-collected-only-6790/
>
>
>
> So apparently the answer is just don’t pay your taxes. Heck be like
> Avenatti and don’t even file.
>
>
>
>
>
> *From:* AF *On Behalf Of *Carl Peterson
> *Sent:* Friday, March 29, 2019 5:49 PM
> *To:* AnimalFarm Microwave Users Group
> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>
>
>
> Clearly you don't make enough money to deserve a tax cut... I kid. The
> increase in the standard deduction is great though. Paves the way for a
> future administration to get rid of the formerly sacred mortgage interest
> deduction.
>
>
>
> On Fri, Mar 29, 2019 at 1:26 PM Bill Prince wrote:
>
>
>
> Just got my completed 2018 tax return. I'm kind of stunned. My income went
> up by 8%, but my tax liability went up by 417%
>
>
>
>
> --
>
> bp
>
> part15sbs{at}gmail{dot}com
>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
>
>
>
> --
>
> Carl Peterson
>
> *PORT NETWORKS*
>
> 401 E Pratt St, Ste 2553
>
> Baltimore, MD 21202
>
> (410) 637-3707
> --
>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
Anal tax?
From: AF On Behalf Of ch...@wbmfg.com
Sent: Friday, March 29, 2019 6:26 PM
To: AnimalFarm Microwave Users Group
Subject: Re: [AFMUG] OT: Tax cut my ass...
I have a pretty scrupulous CPA and an equally anal tax attorney. If I ever get
it trouble it will be a huge surprise.
From: Ken Hohhof
Sent: Friday, March 29, 2019 4:57 PM
To: 'AnimalFarm Microwave Users Group'
Subject: Re: [AFMUG] OT: Tax cut my ass...
There was an article in the paper I think today about how the IRS doesn’t have
the staff to go after people who don’t pay their taxes, it used Michael
Avenatti as an example.
https://www.nytimes.com/2019/03/28/opinion/irs-taxes.html
There was also an article online about how the FCC and FTC hardly ever collect
any of their fines.
https://arstechnica.com/tech-policy/2019/03/fcc-fined-robocallers-208-million-since-2015-but-collected-only-6790/
So apparently the answer is just don’t pay your taxes. Heck be like Avenatti
and don’t even file.
From: AF mailto:af-boun...@af.afmug.com> > On Behalf
Of Carl Peterson
Sent: Friday, March 29, 2019 5:49 PM
To: AnimalFarm Microwave Users Group mailto:af@af.afmug.com> >
Subject: Re: [AFMUG] OT: Tax cut my ass...
Clearly you don't make enough money to deserve a tax cut... I kid. The
increase in the standard deduction is great though. Paves the way for a future
administration to get rid of the formerly sacred mortgage interest deduction.
On Fri, Mar 29, 2019 at 1:26 PM Bill Prince mailto:part15...@gmail.com> > wrote:
Just got my completed 2018 tax return. I'm kind of stunned. My income went up
by 8%, but my tax liability went up by 417%
--
bp
part15sbs{at}gmail{dot}com
--
AF mailing list
AF@af.afmug.com <mailto:AF@af.afmug.com>
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
--
Carl Peterson
PORT NETWORKS
401 E Pratt St, Ste 2553
Baltimore, MD 21202
(410) 637-3707
_
--
AF mailing list
AF@af.afmug.com <mailto:AF@af.afmug.com>
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
I have a pretty scrupulous CPA and an equally anal tax attorney. If I ever get
it trouble it will be a huge surprise.
From: Ken Hohhof
Sent: Friday, March 29, 2019 4:57 PM
To: 'AnimalFarm Microwave Users Group'
Subject: Re: [AFMUG] OT: Tax cut my ass...
There was an article in the paper I think today about how the IRS doesn’t have
the staff to go after people who don’t pay their taxes, it used Michael
Avenatti as an example.
https://www.nytimes.com/2019/03/28/opinion/irs-taxes.html
There was also an article online about how the FCC and FTC hardly ever collect
any of their fines.
https://arstechnica.com/tech-policy/2019/03/fcc-fined-robocallers-208-million-since-2015-but-collected-only-6790/
So apparently the answer is just don’t pay your taxes. Heck be like Avenatti
and don’t even file.
From: AF On Behalf Of Carl Peterson
Sent: Friday, March 29, 2019 5:49 PM
To: AnimalFarm Microwave Users Group
Subject: Re: [AFMUG] OT: Tax cut my ass...
Clearly you don't make enough money to deserve a tax cut... I kid. The
increase in the standard deduction is great though. Paves the way for a future
administration to get rid of the formerly sacred mortgage interest deduction.
On Fri, Mar 29, 2019 at 1:26 PM Bill Prince wrote:
Just got my completed 2018 tax return. I'm kind of stunned. My income went up
by 8%, but my tax liability went up by 417%
--
bp
part15sbs{at}gmail{dot}com
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
--
Carl Peterson
PORT NETWORKS
401 E Pratt St, Ste 2553
Baltimore, MD 21202
(410) 637-3707
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
There was an article in the paper I think today about how the IRS doesn’t have
the staff to go after people who don’t pay their taxes, it used Michael
Avenatti as an example.
https://www.nytimes.com/2019/03/28/opinion/irs-taxes.html
There was also an article online about how the FCC and FTC hardly ever collect
any of their fines.
https://arstechnica.com/tech-policy/2019/03/fcc-fined-robocallers-208-million-since-2015-but-collected-only-6790/
So apparently the answer is just don’t pay your taxes. Heck be like Avenatti
and don’t even file.
From: AF On Behalf Of Carl Peterson
Sent: Friday, March 29, 2019 5:49 PM
To: AnimalFarm Microwave Users Group
Subject: Re: [AFMUG] OT: Tax cut my ass...
Clearly you don't make enough money to deserve a tax cut... I kid. The
increase in the standard deduction is great though. Paves the way for a future
administration to get rid of the formerly sacred mortgage interest deduction.
On Fri, Mar 29, 2019 at 1:26 PM Bill Prince mailto:part15...@gmail.com> > wrote:
Just got my completed 2018 tax return. I'm kind of stunned. My income went up
by 8%, but my tax liability went up by 417%
--
bp
part15sbs{at}gmail{dot}com
--
AF mailing list
AF@af.afmug.com <mailto:AF@af.afmug.com>
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
--
Carl Peterson
PORT NETWORKS
401 E Pratt St, Ste 2553
Baltimore, MD 21202
(410) 637-3707
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
Clearly you don't make enough money to deserve a tax cut... I kid. The
increase in the standard deduction is great though. Paves the way for a
future administration to get rid of the formerly sacred mortgage interest
deduction.
On Fri, Mar 29, 2019 at 1:26 PM Bill Prince wrote:
>
> Just got my completed 2018 tax return. I'm kind of stunned. My income went
> up by 8%, but my tax liability went up by 417%
>
>
> --
> bp
> part15sbs{at}gmail{dot}com
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
--
Carl Peterson
*PORT NETWORKS*
401 E Pratt St, Ste 2553
Baltimore, MD 21202
(410) 637-3707
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
My suggestion is to be sitting down when you see the return for the first
time.
--
bp
part15sbs{at}gmail{dot}com
On Fri, Mar 29, 2019 at 1:09 PM Lewis Bergman
wrote:
> I wish I had a guess. My accountant isn't done with all my K1's yet. Not
> his fault, mine.
>
> On Fri, Mar 29, 2019, 3:05 PM Steve Jones
> wrote:
>
>> ha
>> it really is lent
>>
>> Did you not communicate with your accountant last year on how to prepare?
>> Or did you just get killed by SALT?
>>
>>
>>
>> On Fri, Mar 29, 2019 at 2:28 PM Bill Prince wrote:
>>
>>>
>>> I use a sticky roller thing to remove lint.
>>>
>>> --
>>> bp
>>> part15sbs{at}gmail{dot}com
>>>
>>>
>>> On Fri, Mar 29, 2019 at 11:59 AM wrote:
>>>
>>>> But, but, but, it is still Lent!
>>>>
>>>> *From:* Bill Prince
>>>> *Sent:* Friday, March 29, 2019 12:55 PM
>>>> *To:* AnimalFarm Microwave Users Group
>>>> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>>>>
>>>>
>>>> 1) I did not mention individual 1 (until now)
>>>> 2) I did put "OT:" at the beginning of the subject line
>>>> 3) I was not disparaging any individual (but I sure was implying it)...
>>>>
>>>> --
>>>> bp
>>>> part15sbs{at}gmail{dot}com
>>>>
>>>>
>>>> On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett
>>>> wrote:
>>>>
>>>>> I thought we weren't allowed to talk about Individual One.
>>>>> People couldn't play nice, remember?
>>>>>
>>>>> On 3/29/2019 2:43 PM, SmarterBroadband wrote:
>>>>>
>>>>> I am expecting the same.
>>>>>
>>>>> Nice to know he will make millions this year because of his tax cuts!!!
>>>>>
>>>>> Adam
>>>>>
>>>>>
>>>>>
>>>>> *From:* AF [mailto:af-boun...@af.afmug.com] *On Behalf Of *Bill Prince
>>>>> *Sent:* Friday, March 29, 2019 11:25 AM
>>>>> *To:* AFMUG mailto:af@af.afmug.com
>>>>> *Subject:* [AFMUG] OT: Tax cut my ass...
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Just got my completed 2018 tax return. I'm kind of stunned. My income
>>>>> went up by 8%, but my tax liability went up by 417%
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> --
>>>>>
>>>>> bp
>>>>>
>>>>> part15sbs{at}gmail{dot}com
>>>>>
>>>>>
>>>>> --
>>>>> AF mailing list
>>>>> AF@af.afmug.com
>>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>>>
>>>> --
>>>> --
>>>> AF mailing list
>>>> AF@af.afmug.com
>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>>
>>>> --
>>>> AF mailing list
>>>> AF@af.afmug.com
>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>>
>>> --
>>> AF mailing list
>>> AF@af.afmug.com
>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
> --
> AF mailing list
> AF@af.afmug.com
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>
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Re: [AFMUG] OT: Tax cut my ass...
maybe shop for an accountant.
On Fri, Mar 29, 2019 at 3:09 PM Bill Prince wrote:
>
> We actually increased our withholding by 150%. Was not anywhere near close
> enough.
>
> --
> bp
> part15sbs{at}gmail{dot}com
>
>
> On Fri, Mar 29, 2019 at 1:04 PM Steve Jones
> wrote:
>
>> ha
>> it really is lent
>>
>> Did you not communicate with your accountant last year on how to prepare?
>> Or did you just get killed by SALT?
>>
>>
>>
>> On Fri, Mar 29, 2019 at 2:28 PM Bill Prince wrote:
>>
>>>
>>> I use a sticky roller thing to remove lint.
>>>
>>> --
>>> bp
>>> part15sbs{at}gmail{dot}com
>>>
>>>
>>> On Fri, Mar 29, 2019 at 11:59 AM wrote:
>>>
>>>> But, but, but, it is still Lent!
>>>>
>>>> *From:* Bill Prince
>>>> *Sent:* Friday, March 29, 2019 12:55 PM
>>>> *To:* AnimalFarm Microwave Users Group
>>>> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>>>>
>>>>
>>>> 1) I did not mention individual 1 (until now)
>>>> 2) I did put "OT:" at the beginning of the subject line
>>>> 3) I was not disparaging any individual (but I sure was implying it)...
>>>>
>>>> --
>>>> bp
>>>> part15sbs{at}gmail{dot}com
>>>>
>>>>
>>>> On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett
>>>> wrote:
>>>>
>>>>> I thought we weren't allowed to talk about Individual One.
>>>>> People couldn't play nice, remember?
>>>>>
>>>>> On 3/29/2019 2:43 PM, SmarterBroadband wrote:
>>>>>
>>>>> I am expecting the same.
>>>>>
>>>>> Nice to know he will make millions this year because of his tax cuts!!!
>>>>>
>>>>> Adam
>>>>>
>>>>>
>>>>>
>>>>> *From:* AF [mailto:af-boun...@af.afmug.com] *On Behalf Of *Bill Prince
>>>>> *Sent:* Friday, March 29, 2019 11:25 AM
>>>>> *To:* AFMUG mailto:af@af.afmug.com
>>>>> *Subject:* [AFMUG] OT: Tax cut my ass...
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Just got my completed 2018 tax return. I'm kind of stunned. My income
>>>>> went up by 8%, but my tax liability went up by 417%
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> --
>>>>>
>>>>> bp
>>>>>
>>>>> part15sbs{at}gmail{dot}com
>>>>>
>>>>>
>>>>> --
>>>>> AF mailing list
>>>>> AF@af.afmug.com
>>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>>>
>>>> --
>>>> --
>>>> AF mailing list
>>>> AF@af.afmug.com
>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>>
>>>> --
>>>> AF mailing list
>>>> AF@af.afmug.com
>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>>
>>> --
>>> AF mailing list
>>> AF@af.afmug.com
>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
> --
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Re: [AFMUG] OT: Tax cut my ass...
I wish I had a guess. My accountant isn't done with all my K1's yet. Not
his fault, mine.
On Fri, Mar 29, 2019, 3:05 PM Steve Jones wrote:
> ha
> it really is lent
>
> Did you not communicate with your accountant last year on how to prepare?
> Or did you just get killed by SALT?
>
>
>
> On Fri, Mar 29, 2019 at 2:28 PM Bill Prince wrote:
>
>>
>> I use a sticky roller thing to remove lint.
>>
>> --
>> bp
>> part15sbs{at}gmail{dot}com
>>
>>
>> On Fri, Mar 29, 2019 at 11:59 AM wrote:
>>
>>> But, but, but, it is still Lent!
>>>
>>> *From:* Bill Prince
>>> *Sent:* Friday, March 29, 2019 12:55 PM
>>> *To:* AnimalFarm Microwave Users Group
>>> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>>>
>>>
>>> 1) I did not mention individual 1 (until now)
>>> 2) I did put "OT:" at the beginning of the subject line
>>> 3) I was not disparaging any individual (but I sure was implying it)...
>>>
>>> --
>>> bp
>>> part15sbs{at}gmail{dot}com
>>>
>>>
>>> On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett
>>> wrote:
>>>
>>>> I thought we weren't allowed to talk about Individual One.
>>>> People couldn't play nice, remember?
>>>>
>>>> On 3/29/2019 2:43 PM, SmarterBroadband wrote:
>>>>
>>>> I am expecting the same.
>>>>
>>>> Nice to know he will make millions this year because of his tax cuts!!!
>>>>
>>>> Adam
>>>>
>>>>
>>>>
>>>> *From:* AF [mailto:af-boun...@af.afmug.com] *On Behalf Of *Bill Prince
>>>> *Sent:* Friday, March 29, 2019 11:25 AM
>>>> *To:* AFMUG mailto:af@af.afmug.com
>>>> *Subject:* [AFMUG] OT: Tax cut my ass...
>>>>
>>>>
>>>>
>>>>
>>>>
>>>> Just got my completed 2018 tax return. I'm kind of stunned. My income
>>>> went up by 8%, but my tax liability went up by 417%
>>>>
>>>>
>>>>
>>>>
>>>> --
>>>>
>>>> bp
>>>>
>>>> part15sbs{at}gmail{dot}com
>>>>
>>>>
>>>> --
>>>> AF mailing list
>>>> AF@af.afmug.com
>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>>
>>> --
>>> --
>>> AF mailing list
>>> AF@af.afmug.com
>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>
>>> --
>>> AF mailing list
>>> AF@af.afmug.com
>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
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Re: [AFMUG] OT: Tax cut my ass...
We actually increased our withholding by 150%. Was not anywhere near close
enough.
--
bp
part15sbs{at}gmail{dot}com
On Fri, Mar 29, 2019 at 1:04 PM Steve Jones
wrote:
> ha
> it really is lent
>
> Did you not communicate with your accountant last year on how to prepare?
> Or did you just get killed by SALT?
>
>
>
> On Fri, Mar 29, 2019 at 2:28 PM Bill Prince wrote:
>
>>
>> I use a sticky roller thing to remove lint.
>>
>> --
>> bp
>> part15sbs{at}gmail{dot}com
>>
>>
>> On Fri, Mar 29, 2019 at 11:59 AM wrote:
>>
>>> But, but, but, it is still Lent!
>>>
>>> *From:* Bill Prince
>>> *Sent:* Friday, March 29, 2019 12:55 PM
>>> *To:* AnimalFarm Microwave Users Group
>>> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>>>
>>>
>>> 1) I did not mention individual 1 (until now)
>>> 2) I did put "OT:" at the beginning of the subject line
>>> 3) I was not disparaging any individual (but I sure was implying it)...
>>>
>>> --
>>> bp
>>> part15sbs{at}gmail{dot}com
>>>
>>>
>>> On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett
>>> wrote:
>>>
>>>> I thought we weren't allowed to talk about Individual One.
>>>> People couldn't play nice, remember?
>>>>
>>>> On 3/29/2019 2:43 PM, SmarterBroadband wrote:
>>>>
>>>> I am expecting the same.
>>>>
>>>> Nice to know he will make millions this year because of his tax cuts!!!
>>>>
>>>> Adam
>>>>
>>>>
>>>>
>>>> *From:* AF [mailto:af-boun...@af.afmug.com] *On Behalf Of *Bill Prince
>>>> *Sent:* Friday, March 29, 2019 11:25 AM
>>>> *To:* AFMUG mailto:af@af.afmug.com
>>>> *Subject:* [AFMUG] OT: Tax cut my ass...
>>>>
>>>>
>>>>
>>>>
>>>>
>>>> Just got my completed 2018 tax return. I'm kind of stunned. My income
>>>> went up by 8%, but my tax liability went up by 417%
>>>>
>>>>
>>>>
>>>>
>>>> --
>>>>
>>>> bp
>>>>
>>>> part15sbs{at}gmail{dot}com
>>>>
>>>>
>>>> --
>>>> AF mailing list
>>>> AF@af.afmug.com
>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>>
>>> --
>>> --
>>> AF mailing list
>>> AF@af.afmug.com
>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>
>>> --
>>> AF mailing list
>>> AF@af.afmug.com
>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
--
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AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
ha
it really is lent
Did you not communicate with your accountant last year on how to prepare?
Or did you just get killed by SALT?
On Fri, Mar 29, 2019 at 2:28 PM Bill Prince wrote:
>
> I use a sticky roller thing to remove lint.
>
> --
> bp
> part15sbs{at}gmail{dot}com
>
>
> On Fri, Mar 29, 2019 at 11:59 AM wrote:
>
>> But, but, but, it is still Lent!
>>
>> *From:* Bill Prince
>> *Sent:* Friday, March 29, 2019 12:55 PM
>> *To:* AnimalFarm Microwave Users Group
>> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>>
>>
>> 1) I did not mention individual 1 (until now)
>> 2) I did put "OT:" at the beginning of the subject line
>> 3) I was not disparaging any individual (but I sure was implying it)...
>>
>> --
>> bp
>> part15sbs{at}gmail{dot}com
>>
>>
>> On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett
>> wrote:
>>
>>> I thought we weren't allowed to talk about Individual One.
>>> People couldn't play nice, remember?
>>>
>>> On 3/29/2019 2:43 PM, SmarterBroadband wrote:
>>>
>>> I am expecting the same.
>>>
>>> Nice to know he will make millions this year because of his tax cuts!!!
>>>
>>> Adam
>>>
>>>
>>>
>>> *From:* AF [mailto:af-boun...@af.afmug.com] *On Behalf Of *Bill Prince
>>> *Sent:* Friday, March 29, 2019 11:25 AM
>>> *To:* AFMUG mailto:af@af.afmug.com
>>> *Subject:* [AFMUG] OT: Tax cut my ass...
>>>
>>>
>>>
>>>
>>>
>>> Just got my completed 2018 tax return. I'm kind of stunned. My income
>>> went up by 8%, but my tax liability went up by 417%
>>>
>>>
>>>
>>>
>>> --
>>>
>>> bp
>>>
>>> part15sbs{at}gmail{dot}com
>>>
>>>
>>> --
>>> AF mailing list
>>> AF@af.afmug.com
>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>
>> --
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
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Re: [AFMUG] OT: Tax cut my ass...
I use a sticky roller thing to remove lint.
--
bp
part15sbs{at}gmail{dot}com
On Fri, Mar 29, 2019 at 11:59 AM wrote:
> But, but, but, it is still Lent!
>
> *From:* Bill Prince
> *Sent:* Friday, March 29, 2019 12:55 PM
> *To:* AnimalFarm Microwave Users Group
> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>
>
> 1) I did not mention individual 1 (until now)
> 2) I did put "OT:" at the beginning of the subject line
> 3) I was not disparaging any individual (but I sure was implying it)...
>
> --
> bp
> part15sbs{at}gmail{dot}com
>
>
> On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett wrote:
>
>> I thought we weren't allowed to talk about Individual One.
>> People couldn't play nice, remember?
>>
>> On 3/29/2019 2:43 PM, SmarterBroadband wrote:
>>
>> I am expecting the same.
>>
>> Nice to know he will make millions this year because of his tax cuts!!!
>>
>> Adam
>>
>>
>>
>> *From:* AF [mailto:af-boun...@af.afmug.com] *On Behalf Of *Bill Prince
>> *Sent:* Friday, March 29, 2019 11:25 AM
>> *To:* AFMUG mailto:af@af.afmug.com
>> *Subject:* [AFMUG] OT: Tax cut my ass...
>>
>>
>>
>>
>>
>> Just got my completed 2018 tax return. I'm kind of stunned. My income
>> went up by 8%, but my tax liability went up by 417%
>>
>>
>>
>>
>> --
>>
>> bp
>>
>> part15sbs{at}gmail{dot}com
>>
>>
>> --
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
> --
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
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Re: [AFMUG] OT: Tax cut my ass...
I Lent my money to the tax man.
I gave up all my money to the IRS for Lent this year!
I . . . I'll stop there . . . .
Dave
On Fri, Mar 29, 2019 at 3:03 PM James Howard wrote:
> It’s actually Lent during Lent this time.
>
>
>
> *From:* AF [mailto:af-boun...@af.afmug.com] *On Behalf Of *ch...@wbmfg.com
> *Sent:* Friday, March 29, 2019 1:58 PM
> *To:* AnimalFarm Microwave Users Group
> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>
>
>
> But, but, but, it is still Lent!
>
>
>
> *From:* Bill Prince
>
> *Sent:* Friday, March 29, 2019 12:55 PM
>
> *To:* AnimalFarm Microwave Users Group
>
> *Subject:* Re: [AFMUG] OT: Tax cut my ass...
>
>
>
>
>
> 1) I did not mention individual 1 (until now)
>
> 2) I did put "OT:" at the beginning of the subject line
>
> 3) I was not disparaging any individual (but I sure was implying it)...
>
>
>
> --
>
> bp
>
> part15sbs{at}gmail{dot}com
>
>
>
>
>
> On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett wrote:
>
> I thought we weren't allowed to talk about Individual One.
> People couldn't play nice, remember?
>
> On 3/29/2019 2:43 PM, SmarterBroadband wrote:
>
> I am expecting the same.
>
> Nice to know he will make millions this year because of his tax cuts!!!
>
> Adam
>
>
>
> *From:* AF [mailto:af-boun...@af.afmug.com ] *On
> Behalf Of *Bill Prince
> *Sent:* Friday, March 29, 2019 11:25 AM
> *To:* AFMUG mailto:af@af.afmug.com
> *Subject:* [AFMUG] OT: Tax cut my ass...
>
>
>
>
>
> Just got my completed 2018 tax return. I'm kind of stunned. My income went
> up by 8%, but my tax liability went up by 417%
>
>
>
>
> --
>
> bp
>
> part15sbs{at}gmail{dot}com
>
>
>
>
>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
> --
>
> --
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> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
> --
>
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>
> *You received this message because the domain afmug.com <http://afmug.com>
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Re: [AFMUG] OT: Tax cut my ass...
What item in the calculations is causing this?
From: Bill Prince
Sent: Friday, March 29, 2019 12:55 PM
To: AnimalFarm Microwave Users Group
Subject: Re: [AFMUG] OT: Tax cut my ass...
1) I did not mention individual 1 (until now)
2) I did put "OT:" at the beginning of the subject line
3) I was not disparaging any individual (but I sure was implying it)...
--
bp
part15sbs{at}gmail{dot}com
On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett wrote:
I thought we weren't allowed to talk about Individual One.
People couldn't play nice, remember?
On 3/29/2019 2:43 PM, SmarterBroadband wrote:
I am expecting the same.
Nice to know he will make millions this year because of his tax cuts!!!
Adam
From: AF [mailto:af-boun...@af.afmug.com] On Behalf Of Bill Prince
Sent: Friday, March 29, 2019 11:25 AM
To: AFMUG mailto:af@af.afmug.com
Subject: [AFMUG] OT: Tax cut my ass...
Just got my completed 2018 tax return. I'm kind of stunned. My income went
up by 8%, but my tax liability went up by 417%
--
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part15sbs{at}gmail{dot}com
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Re: [AFMUG] OT: Tax cut my ass...
It's actually Lent during Lent this time.
From: AF [mailto:af-boun...@af.afmug.com] On Behalf Of ch...@wbmfg.com
Sent: Friday, March 29, 2019 1:58 PM
To: AnimalFarm Microwave Users Group
Subject: Re: [AFMUG] OT: Tax cut my ass...
But, but, but, it is still Lent!
From: Bill Prince
Sent: Friday, March 29, 2019 12:55 PM
To: AnimalFarm Microwave Users Group
Subject: Re: [AFMUG] OT: Tax cut my ass...
1) I did not mention individual 1 (until now)
2) I did put "OT:" at the beginning of the subject line
3) I was not disparaging any individual (but I sure was implying it)...
--
bp
part15sbs{at}gmail{dot}com
On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett
mailto:dmmoff...@gmail.com>> wrote:
I thought we weren't allowed to talk about Individual One.
People couldn't play nice, remember?
On 3/29/2019 2:43 PM, SmarterBroadband wrote:
I am expecting the same.
Nice to know he will make millions this year because of his tax cuts!!!
Adam
From: AF [mailto:af-boun...@af.afmug.com] On Behalf Of Bill Prince
Sent: Friday, March 29, 2019 11:25 AM
To: AFMUG mailto:af@af.afmug.com
Subject: [AFMUG] OT: Tax cut my ass...
Just got my completed 2018 tax return. I'm kind of stunned. My income went up
by 8%, but my tax liability went up by 417%
--
bp
part15sbs{at}gmail{dot}com
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Re: [AFMUG] OT: Tax cut my ass...
But, but, but, it is still Lent!
From: Bill Prince
Sent: Friday, March 29, 2019 12:55 PM
To: AnimalFarm Microwave Users Group
Subject: Re: [AFMUG] OT: Tax cut my ass...
1) I did not mention individual 1 (until now)
2) I did put "OT:" at the beginning of the subject line
3) I was not disparaging any individual (but I sure was implying it)...
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bp
part15sbs{at}gmail{dot}com
On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett wrote:
I thought we weren't allowed to talk about Individual One.
People couldn't play nice, remember?
On 3/29/2019 2:43 PM, SmarterBroadband wrote:
I am expecting the same.
Nice to know he will make millions this year because of his tax cuts!!!
Adam
From: AF [mailto:af-boun...@af.afmug.com] On Behalf Of Bill Prince
Sent: Friday, March 29, 2019 11:25 AM
To: AFMUG mailto:af@af.afmug.com
Subject: [AFMUG] OT: Tax cut my ass...
Just got my completed 2018 tax return. I'm kind of stunned. My income went
up by 8%, but my tax liability went up by 417%
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part15sbs{at}gmail{dot}com
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Re: [AFMUG] OT: Tax cut my ass...
1) I did not mention individual 1 (until now)
2) I did put "OT:" at the beginning of the subject line
3) I was not disparaging any individual (but I sure was implying it)...
--
bp
part15sbs{at}gmail{dot}com
On Fri, Mar 29, 2019 at 11:47 AM Adam Moffett wrote:
> I thought we weren't allowed to talk about Individual One.
> People couldn't play nice, remember?
>
> On 3/29/2019 2:43 PM, SmarterBroadband wrote:
>
> I am expecting the same.
>
> Nice to know he will make millions this year because of his tax cuts!!!
>
> Adam
>
>
>
> *From:* AF [mailto:af-boun...@af.afmug.com ] *On
> Behalf Of *Bill Prince
> *Sent:* Friday, March 29, 2019 11:25 AM
> *To:* AFMUG
> *Subject:* [AFMUG] OT: Tax cut my ass...
>
>
>
>
>
> Just got my completed 2018 tax return. I'm kind of stunned. My income went
> up by 8%, but my tax liability went up by 417%
>
>
>
>
> --
>
> bp
>
> part15sbs{at}gmail{dot}com
>
>
> --
> AF mailing list
> AF@af.afmug.com
> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>
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Re: [AFMUG] OT: Tax cut my ass...
I thought we weren't allowed to talk about Individual One.
People couldn't play nice, remember?
On 3/29/2019 2:43 PM, SmarterBroadband wrote:
I am expecting the same.
Nice to know he will make millions this year because of his tax cuts!!!
Adam
*From:* AF [mailto:af-boun...@af.afmug.com] *On Behalf Of *Bill Prince
*Sent:* Friday, March 29, 2019 11:25 AM
*To:* AFMUG
*Subject:* [AFMUG] OT: Tax cut my ass...
Just got my completed 2018 tax return. I'm kind of stunned. My income
went up by 8%, but my tax liability went up by 417%
--
bp
part15sbs{at}gmail{dot}com
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
Re: [AFMUG] OT: Tax cut my ass...
I am expecting the same.
Nice to know he will make millions this year because of his tax cuts!!!
Adam
From: AF [mailto:af-boun...@af.afmug.com] On Behalf Of Bill Prince
Sent: Friday, March 29, 2019 11:25 AM
To: AFMUG
Subject: [AFMUG] OT: Tax cut my ass...
Just got my completed 2018 tax return. I'm kind of stunned. My income went up
by 8%, but my tax liability went up by 417%
--
bp
part15sbs{at}gmail{dot}com
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