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The New Tax Law... #4665037
02/13/18 07:00 PM
02/13/18 07:00 PM
Joined: Sep 2005
Posts: 5,664
MIchigan
Warstud Offline OP
Warstud  Offline OP
Joined: Sep 2005
Posts: 5,664
MIchigan
Has anyone noticed a big difference in there paycheck under the New Tax Law?

Re: The New Tax Law... [Re: Warstud] #4665043
02/13/18 07:04 PM
02/13/18 07:04 PM
Joined: Jan 2017
Posts: 137
Colorado
Bronco1 Offline
Bronco1  Offline
Joined: Jan 2017
Posts: 137
Colorado
I'm retired so no but, I think that most people I've spoken to have gotten their difference via bonuses as opposed to their regular checks.


07 F150 Lariat 4x2
07 Honda Fit
96 Ford Bronco 4x4

"If you always do what you always did, you will always get what you always got" Albert Einstein
Re: The New Tax Law... [Re: Warstud] #4665044
02/13/18 07:05 PM
02/13/18 07:05 PM
Joined: Jun 2003
Posts: 10,429
Illinois
javacontour Online content
javacontour  Online Content
Joined: Jun 2003
Posts: 10,429
Illinois
About 2-3 percent more each paycheck, due to the lower marginal rates.

Not going to drastically change my fiscal picture, but far better than a kick in the head.

I did up my 401(k) contribution so part of the tax cut is going there instead of into my pocket.

FWIW, YMMV


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Re: The New Tax Law... [Re: Warstud] #4665055
02/13/18 07:09 PM
02/13/18 07:09 PM
Joined: Mar 2008
Posts: 5,943
Michigan
ZZman Offline
ZZman  Offline
Joined: Mar 2008
Posts: 5,943
Michigan
15.00 more every 2 weeks... Wow wee... frown


2003 Mercury Grand Marquis. Rotella T6 Multi-Vehicle oil
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Re: The New Tax Law... [Re: Warstud] #4665058
02/13/18 07:12 PM
02/13/18 07:12 PM
Joined: Jun 2005
Posts: 11,322
Santa Barbara, CA
bdcardinal Online content
Happy Birthday bdcardinal  Online Content
Joined: Jun 2005
Posts: 11,322
Santa Barbara, CA
Not yet, my weird pay plan at work pays me on the 15th with all my taxes taken out so I will see then.


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Opinions expressed are my own.
Re: The New Tax Law... [Re: Warstud] #4665063
02/13/18 07:19 PM
02/13/18 07:19 PM
Joined: Jun 2003
Posts: 10,429
Illinois
javacontour Online content
javacontour  Online Content
Joined: Jun 2003
Posts: 10,429
Illinois
I compared comparable paychecks and the delta is 2.1% less income tax paid.


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Re: The New Tax Law... [Re: Warstud] #4665074
02/13/18 07:28 PM
02/13/18 07:28 PM
Joined: Mar 2004
Posts: 20,754
Upstate NY
Donald Offline
Donald  Offline
Joined: Mar 2004
Posts: 20,754
Upstate NY
The withholding amount is interesting but the real deal will be how much you pay the IRS. Given the limitations on deducting state and local taxes, I am not hopeful.

NY and a few other states are going to sue Trump over the tax bill targeting blue states.


2015 Subaru Forester 2.5 engine/CVT
2015 Ford F250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: The New Tax Law... [Re: Warstud] #4665080
02/13/18 07:31 PM
02/13/18 07:31 PM
Joined: Sep 2009
Posts: 16,006
OH
fdcg27 Offline
fdcg27  Offline
Joined: Sep 2009
Posts: 16,006
OH
I've got a few more dollars in my pay as a result of this misbegotten piece of economic ignorance.
While a little more discretionary income is always nice, it makes little sense in a healthy and growing economy that couldn't throw off enough tax revenue to cover federal expenditures even before the rate reduction.
Should I be happy that my wee grandson will be reaping the bitter fruits of our profligacy when he is my age and I am long in the ground?
Time to turn the lights up, end the party and start dealing with the real issues we face as a nation.


17 Forester 12K MSS 0W-20
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Re: The New Tax Law... [Re: Warstud] #4665087
02/13/18 07:36 PM
02/13/18 07:36 PM
Joined: Feb 2013
Posts: 10,684
Phoenix, AZ
Nick1994 Offline
Nick1994  Offline
Joined: Feb 2013
Posts: 10,684
Phoenix, AZ
Extra 2.6%. Not sure what I’ll do with all this extra piles of money!

Why again is a massive fiscal policy being put into place when we have a 4.1% unemployment rate? That primarily benefits the wealthy?


2015 Hyundai Sonata 2.4L 84k Mobil 1 AFE 0w30 & OEM
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Re: The New Tax Law... [Re: Warstud] #4665090
02/13/18 07:39 PM
02/13/18 07:39 PM
Joined: Jun 2003
Posts: 10,429
Illinois
javacontour Online content
javacontour  Online Content
Joined: Jun 2003
Posts: 10,429
Illinois
Now folks are getting political.

I don't think the question was do you like the tax cut, or are states suing, or did it target states, or was it a good idea.

I'm pretty sure the question was, "Has anyone noticed a big difference in there paycheck under the New Tax Law?"

Pretty much a yes or no question. You could add how much you've seen without getting political.

Save the political comments for your representatives in Congress.


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Re: The New Tax Law... [Re: Warstud] #4665094
02/13/18 07:45 PM
02/13/18 07:45 PM
Joined: Aug 2008
Posts: 3,154
USA
Reddy45 Offline
Reddy45  Offline
Joined: Aug 2008
Posts: 3,154
USA
+$200mo

banana

Re: The New Tax Law... [Re: Warstud] #4665097
02/13/18 07:50 PM
02/13/18 07:50 PM
Joined: Sep 2004
Posts: 21,629
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,629
Orlando, FL
A tiny increase that amounts to a few combo meals at Chick Fil A.

Re: The New Tax Law... [Re: Warstud] #4665099
02/13/18 07:51 PM
02/13/18 07:51 PM
Joined: Oct 2004
Posts: 5,734
Texas, Mentone for work, Galve...
Bryanccfshr Offline
Bryanccfshr  Offline
Joined: Oct 2004
Posts: 5,734
Texas, Mentone for work, Galve...
I see a positive difference. I don’t really”see” my check the way my salary is deposited with all of the savings and 8nsurance deductions. Even as a homeowner my intrest rate and taxes are so low I look forward to my doubled standard deduction for next year. If I ever moveI will not consider real estate as a tax incentive.


2018 Trd Pro 4Runner M1 0w40
2018 Tacoma off-road Castrol 5w30 Magnatec
Re: The New Tax Law... [Re: javacontour] #4665102
02/13/18 07:56 PM
02/13/18 07:56 PM
Joined: Sep 2009
Posts: 16,006
OH
fdcg27 Offline
fdcg27  Offline
Joined: Sep 2009
Posts: 16,006
OH
java is bucking for mod status I guess, since he's appointed himself thread policeman.
Threads drift here to account for reality, but everyone should already know that.
There is nothing inherently political in questioning the wisdom of decisions and this thread invited that in any case.
Steal from future generations to fatten my pot now?
What's not to like?
This isn't political but is rather typical of how many seem to think these days.


17 Forester 12K MSS 0W-20
12 Accord LX 92K PP 5W-20
09 Forester 95K M1HM 10W-30
01 Focus ZX3 118K PP 5W-20
96 Accord LX 104K T5 10W-30
95 318i
Re: The New Tax Law... [Re: fdcg27] #4665105
02/13/18 07:59 PM
02/13/18 07:59 PM
Joined: Jun 2003
Posts: 10,429
Illinois
javacontour Online content
javacontour  Online Content
Joined: Jun 2003
Posts: 10,429
Illinois
Just been around long enough to know that if we keep going down that path, the thread will be locked or just disappear.

Feel free to ignore my comment.

I just don't want to see this get locked. Not bucking for anything other than that.

Originally Posted By: fdcg27
java is bucking for mod status I guess, since he's appointed himself thread policeman.
Threads drift here to account for reality, but everyone should already know that.
There is nothing inherently political in questioning the wisdom of decisions and this thread invited that in any case.
Steal from future generations to fatten my pot now?
What's not to like?
This isn't political but is rather typical of how many seem to think these days.


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