Married, filing jointly, two children. Income: $77,000 State: Arizona
See pic related.
Post your results in this thread, include your filing status and income so we can compare how it affects different situations around the nation in different states and scenarios.
I save over $2,100 in the Senate plan.
NOTE: If you are in a situation where you get the Earned Income Tax Credit, or any other scenario where you typically receive a larger "refund" than what you paid then this calculator doesn't work for you. Gibsmedats need not apply.
Caleb Garcia
>Gibsmedats need not apply.
Top kek. So does anyone know if those people's money stays the same. I didn't hear anything about EITC being repealed so they still get their gibs from what I understand.
Michael Young
I believe this new tax plan gives back to those who pay their fair share, but punishes those that dont (wellfare leeches) that is mainly why the left is so butthurt. God forbid we help the average working american and not tyrone and shanqua with their 20 niglets
Nicholas Stewart
noice
Justin Diaz
Yay, I saved 299..
Adam Moore
i'm happy
Blake Robinson
I don't think it punishes welfare leeches, it just doesn't give them "additional gibs"
Who am I kidding, they consider that being punished due to their jealousy
Cameron Jenkins
Saves me about $1200. Any savings is good. Fuck income tax.
Gabriel Sullivan
...
Nolan Barnes
296 4 me Still happy That's 296 for the year that I can use for the next holiday or put back into my savings account
Leo Long
guess i am a nigger
Hunter Hall
I can now hire a decent hooker with my savings. Thanks D.T.!
Lucas Rivera
Yeah you'll need to talk to an accountant or tax preparer to find your actual tax return amounts
Juan Parker
I thought we were supposed to be paying more under the new tax bill?
Carson Young
Seems to be grad students and people who live in shitty states that are the ones for which the outlook is less comfy. The other people winding up in the red by and large are not far enough into in to the red compared to their income for it to really matter from what I've seen.
Cooper Allen
So if I dont live in a dem shithole Im okay? fuck yeah
Kevin King
p. much. I'm in the $2k club. No game changer for me, but that's a pretty nice present for a lot of people.
Matthew Taylor
Why are you turning your nose up at 2 extra grand in savings? That's over two months of rent for me.
Brandon Stewart
why is the senate plan so much shittier, is it more gibsmedats to poverty people?
Oliver Reyes
They stuffed it with carve outs to buy votes at the last minute, hopefully it gets smoothed out in conference.
Jaxson Murphy
That's over two months rent for me as well. It's just that I already live comfortably with no debt, so it doesn't mean as much to me. If I were in my 20s getting started and got +$2k I'd be head over heels about it.
Brandon Rogers
I'm absolutely ecstatic and I only stand to save just over a thousand. This is exactly why I voted for him
Angel Hughes
save 800$ with house 600 with senate
Jaxon King
I was hoping Joe Average would get even more out of the plan actually, but this is honestly not too bad. I forgot the tax plan was in the final stages, and it was certainly a pleasant surprise for a way to start the day.
Ryan Gonzalez
Physics PhD student here - the situation is basically this: the House version of the bill proposes making tuition waivers taxable income, the Senate version doesn't. So depending on how the bill reconciliation goes next week it may or may not end up in the final version of the bill. I'm cautiously optimistic it'll get left out of the final version, it's not a top priority for Republican lawmakers and it can be leveraged as an easy bargaining chip to gain support from Democrats for higher priority reforms.
The concern is that under the current system, universities count waivers as part of employee payroll, rather than simply not charging us the tuition in the first place (you know, because that would make sense). So the concern is that someone like me who gets a stipend of ~$18K a year is going to suddenly owe taxes for an "income" of like $50-60K.
Basically I'm going to end up either owing or being owed an extra $400-500 this year. Just have to wait and see how it turns out.
Parker Perry
>and it can be leveraged as an easy bargaining chip to gain support from Democrats for higher priority reforms.
Pretty sure no democrats voted for it so that's a moot point.
Super dumb of them to just boycott instead of trying to influence the bill, but hey that's dumbocrats for ya
Michael Bennett
If it stays I'm hoping universities adapt appropriately. I think it's high time for another congressional investigation into the anti-American activities of the tax-free foundations for that matter. There's probably some fat to be trimmed for universities in order to keep the game going.
Josiah Reed
Point is, they have to go through a whole negotiation process they've got to go through to put the final bill together to send to Trump, and politicians with bigger priorities will use it as a bargaining chip to make sure the shit they really care about gets in.
Kayden Reyes
I only make $15 thousand a year. If im lucky. Im happy people are saving money. Thats how it should be and not paying gibs to illegals that shouldnt be here.
Christopher Sanders
Damn dude that's pretty rough. What do you do for living conditions, food, etc?
Luis Scott
I live with family. It really sucks. I regret not pursuing a career. Obama really fucked a lot of us working part time jobs. I used to work over 30 almost 40 hours a week but once the mandate got passed no business wanted to pay healthcare for part timers so they just split our hours in half. Why im glad Trump won. I wouldve been homeless but I was fortunate enough to be taken in and helped by a very nice family. Its rough, but Im grateful for what I have. :3 all we can do is take one day at a time.
Eli Turner
I hope you kids spend that shit wisely before the stock market crashes in 2 years and all money is worthless.
Luke Smith
If married filing jointly do I enter our combined income in the calculator?
Oliver Collins
>Live in PR >Both versions of tax bill threaten to completely wreck what's left of our manufacturing/exports FIX IT
Kevin Davis
Pffft. My life would have been not nearly as good if I hadn't been able to work lots of part time hours at first. Need more money? More work needs to be done? Work more hours. Rather invest your time in something else? Work minimum number of hours.
Otherwise I would have been stuck in corporate drone land right out of school, which sucks even though you make money.
Jonathan Thomas
>South Dakota >single >$48k
I don't understand, Sup Forums. Reddit's finest intellectuals told me my taxes were going up.
Kayden Adams
How do you guys make so much money?
Jonathan Myers
Look at my pic in OP the Senate plan gives me way more. It just depends on certain circumstances.
Hudson Phillips
Why I should trust this crypto-kike? The faggot writes for FoxNews, do you really think his tax calculator is unbiased?
Brandon Morales
>$45,000 >Missouri >single
this fucking jew better be right. If my taxes end up being higher, then 1776 WILL COME AGAIN
Ethan Wright
>Single >1 dependant >52,000 > + 800 - 950
Joseph Howard
working.
Jace Mitchell
Yup. Did some inspect element for the House column to be accurate.
Carson Hall
I'm just pissed about the AMT, I pray the House implements that in the Conference Committee. Damn thing needs to go.
Ethan Ramirez
in the 105k a year here with 1 dependent
little over $1800 saved with the senate bill
Hudson Edwards
I don't understand what you mean. How can a calculator be biased? It just plugs numbers into the formula that Congress provided
Michael Cox
Wowzers. Yeah if that's common at all I can see that needing some compromise, whether it's to the tax code or through some other mechanism like temporary assistance to basically grandfather current and prospective students until something else can change.
Luis Thomas
Calculator page failed to load but it just loaded, saving roughly 1,000 with house plan and 850 with the Senate plan. But my news told me I'd lose more money....
Jaxson Evans
Hmm Maybe save a bit. Think I itemize more than the standard deduction usually but not sure..
Seems simplified to me and saves the need to itemize all over the place.
Elijah Hernandez
Says I'll be saving $518 per year with my $32,000 salary filing in Missouri.
Jack Lee
Expecting my account in an index fund to skyrocket. Thanks amerimutts. Although if I lived in your country I wouldn't want this bill. Who is going to pay off this deficit? Not the wealthy, they're getting most of the cuts. Not the niggers, they don't pay taxes. Middle class whites are going to get the burden of your taxes moving forward.
Brayden Thomas
The bigger standard deduction is gr8 imo. People with complicated or clever lives can still itemize every last shekel, but for average people who don't hire a kike to do all that it makes more sense to just say "fuck it" and use the standard deduction.
Hudson White
It means universities just need to offer scholarships to those STEM students getting the waivers. What they're doing is charging tuition then "waiving" it so that THEY (the university) can write it off on THEIR taxes. If they're doing that then absolutely whoever receives it should pay income tax.
John Robinson
The debt never gets paid off until the Federal Reserve system is overhauled. Until then, keeping the dollar relatively strong and the bonds selling are the name of the game.
Dominic Lewis
Heh. Sounds good to me. Or maybe they'll decide on a middle ground where they just waive less and leave students with a relatively minor burden without giving up all the gibs.
Nicholas Bailey
...
Asher Hughes
I know the debt never gets paid. But you still have to service the debt which is paid by tax payers. If the debt didn't matter then you wouldn't have any need for taxes now would you? This bill was atrocious for middle America, it's going to worsen you gap between rich and poor. Trump has fucked you
Jayden Parker
Filthy bastards.
Easton Baker
What the fuck, are you me?
Nathaniel Johnson
$4k savings under the house plan, $6k under the senate.
Juan Gonzalez
woohoo
Benjamin Parker
i'm saving about $800. i can't complain. that's $800 extra in my pocket
Jaxon Ross
I helped meme the god emperor, now buy me a game on steam as retribution
Gavin Green
We'll see. The general concept was to take a stab at getting the economy, country, and geopolitical positioning in better shape to weather the storm of the future. Might or might not work, but seems worth a shot.
Bentley Mitchell
where are the shills?
Ayden Powell
>the House version of the bill proposes making tuition waivers taxable income Fucking bastards.
Mason Young
Sorry monkey you only benefit if you had investments. Mine are in an international index fund and went up 17% since trump was elected and will improve again with this bill.
John Moore
i would imagine that's how it works
Nathaniel Wilson
It won't improve America. It's a globalised economy most of these tax cuts will be invested overseas where Labor is cheap. Even trump business is in China.
Bentley Foster
What plan are we getting
Blake Green
...
Alexander Sanchez
$124k/NJ
Michael Baker
Trump's got business everywhere. What fatcat doesn't? Part of the whole plan was to balance back toward economic nationalism. I don't care if that comes at some short term cost because the long term alternative is national suicide leading to global government and actually extinction of all humans through transhumanism. But if you just like your index account have fun with that. I don't h8 on people who have a lot of money.
Leo Nelson
They have to negotiate a final plan. So something probably in the middle.
Parker Long
does this eliminate the penalty for not having health insurance?
Grayson Barnes
Economic nationalism is a meaningless catch phrase. $750 billion in tax cuts for the top 1% is economic nationalism now? Please define to me what is economic nationalism.
Samuel Watson
Yes. The individual mandate is eliminated.
Brandon Johnson
You will if you go to college or are one of the 13 million about to lose insurance coverage.
Julian Morris
The tax plan alone isn't. But it's part of multifaceted shift away from globalism that removes incentives that destroy the nation-state (the ultimate goal since its conception in the wake of the collapse of the Roman Empire). So it would necessarily have to include a shift toward something like a protective tariff, stopping the slave trade of illegal immigration, different visa setup, making it sensible to have domestic production again, etc. It could all go horribly wrong if it's not done right, but, like I said, worth a shot.
Joseph Price
Yes maybe, because personal/individual mandate will be cut, which means you don’t have to buy yourself insurance. But I advise you to buy one.
Hunter Morris
What the fuck do you know ausie I didn’t get a tax credit for college I went on scholarship
And removing the requirement that people must buy health insurance is not the same “losing healthcare”
Noah Morris
I go to college and work full time and I'm the OP. I posted my tax already it saves me over $2,100.
Stop spreading generalizations and misinformation
Eli Reyes
For young people who pay taxes especially basic private insurance that focuses on covering catastrophy is not at all bad. Really poor people already have other safty nets.
Owen Myers
Shills are hiding in their parent’s basement.
Hunter Johnson
i'm still covered under my dad's plan (for now) because i'm 22. but it's nice to know that people aren't going to be penalized for not having health insurance
Joshua Bell
You could always stop taxes all together though :D
Evan Butler
MAGA
Daniel Williams
>paying more in taxes than most people earn in the first place go u
Jace Jenkins
Good, now you guys have a few thousand more dollars per year to spend on garbage entertainment and vices.
Zachary Price
Sure, if the whole Obangocare is fixed in 2018, i think the premium will drop significantly. For example me, I have a private coverage, the premium is 20€ per month, in comparison with state-run health insurance, it costs 45€ monthly. Both provide same service.
James Butler
DRAGON DILDO YOU WILL FINALLY BE MINE
Easton Torres
>wahhh the guberment should fund my college-mandated slave wages fuck off. Maybe shitty universities should cut SJW nonsense and pay real students more. Blame your school
Jonathan Martinez
save roughly 1,300 and I live in a high taxed blue state. not bad mates
Cooper White
Wew lad, you need to spend less time on /gif/ and Sup Forums and more time on Sup Forums.
Jayden Sanchez
>Married filing jointly >Florida >no kids >75k AGI between us Income's higher, but after 401k contributions, employer-sponsored insurance, and maxing out our HSAs, AGI gets driven down.
Pretty fuckin' sweet overall
Adam Hernandez
Poorfagg, sad
Jonathan Scott
Sounds like a better use of my money than giving it to niggers