just over here doing da best i can.
OT 15: New Year, New Poo
- troyguitar
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Big Brain Bradley wrote: ↑Wed Dec 12, 2018 4:44 pmSpoiler alert: you will take the standard deduction.[user not found] wrote: ↑Wed Dec 12, 2018 4:36 pm
I did 8% down. Plus closing costs. I have no plans to go anywhere for a long while unless it's out of the state.
Taxes are $6k, it'll be interesting to see how things play out this year with the new standard deduction.
It'll actually be nice to not have to bother with itemizing. We'll have something like $3k less in liability which is about $700 in real dollars, plus simply not having to bother with any additional paperwork ==
- goIftdibrad
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we need to get ahead of the knife problem and ban them now before people expect it
https://news.yahoo.com/apos-enough-enou ... 10966.htmlPrince Charles says 'enough is enough' on knife crime as he teams up with Prince Harry to help tackle it
brain go brrrrrr
- CorvetteWaxer
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I wish I only paid $8k in interest before. One year I claimed 30k in interest alone on this house. When I had the house in Arizona at the same time it was crazy.Big Brain Bradley wrote: ↑Wed Dec 12, 2018 4:39 pmCorvetteWaxer wrote: ↑Wed Dec 12, 2018 4:00 pm
I "saved" quite a bit in the past, especially when rates sucked.
I haven't bothered to look at the new "plan" since I get screwed over so many ways on taxes these days I just know to bring lube.
i bet its not as much as you think even at cali rape prices.
1. its a deduction not a credit. This is important.... on my first house i did the math. I was single and the number was 5500 back then i think.
I got to itemize and deduct like 8k instead of 5500. so i got 2500 extra off my taxable income. which 'saved' me like a grand total of... 200 dollars in taxes. NOT EVEN ONE MONTH of interest payment.
2. Lets not forget its real money that was pissed away to the banking industry.
/rant on "MAH INTEREST PAYMENTS DEDUCTION!
Today, we're still paying around $18k in interest with better rates. And, since until this year I did my own taxes I ran them with and without the interest deduction and other deductions to see if they mattered. After a certain income level some of them don't seem to apply anymore, like DMV license fees, etc.
I would rather pay a bank than the .gov at this point in time.
- troyguitar
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Damn, I just did the and we'll actually pay about $2500 less in federal tax for 2018 vs 2017 with the same income (dat no raises lyfe). indeed.
- CorvetteWaxer
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troyguitar wrote: ↑Wed Dec 12, 2018 5:15 pm Damn, I just did the and we'll actually pay about $2500 less in federal tax for 2018 vs 2017 with the same income (dat no raises lyfe). indeed.
That's a lot of
- troyguitar
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Is that why you don't post anymore? I hear it's contagious.
- wap
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I 'dtroyguitar wrote: ↑Wed Dec 12, 2018 5:24 pmIs that why you don't post anymore? I hear it's contagious.
- Melon
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#Flooddebt.Detroit wrote: ↑Wed Dec 12, 2018 4:04 pmI can't imagine not putting 20% down. If you can't do that, you can't afford it IMO.Big Brain Bradley wrote: ↑Wed Dec 12, 2018 4:00 pm
one can make generalizations based on age.
We upgraded house but kept note close to the same. Many people upgrade house and keep putting 5% down buying as much house as they can like idiots and their note increases forever. I'm also building equity faster by putting 20% down so I'll be on the downswing of those 30yr interest payments sooner rather than later.
I would be able to do so, at this point, if it wasn't for that.
I put a lot towards principal on my house doe, so that helps.
- wap
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Speaking of , in Cozumel last week we took a taxi to a local Walmart-type of store called Mega - they sell everything from groceries to clothes to booze to motorcycles, lol. We bought 5 bottles of booze and a case of beer and spent about $72.
- goIftdibrad
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how dare they even exist
brain go brrrrrr
- 4zilch
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[user not found] wrote: ↑Wed Dec 12, 2018 5:33 pmSpoiler alert: wife is 1099 and self-employed. I think you'd be surprised.Big Brain Bradley wrote: ↑Wed Dec 12, 2018 4:44 pm
Spoiler alert: you will take the standard deduction.
Itemize all the things.
As the only published author in a well-known motorcycle publication in the room...
Don't forget about the violence inherent in the system[user not found] wrote: ↑Wed Dec 12, 2018 5:52 pm The Trump tax cuts were actually an increase on the poor and middle because the social safety net has been evisercated to transfer that wealth to corporations
- troyguitar
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I'd rather know about my effective tax rates than my local sports team.KYGTIGuy wrote:Last two pages here are depressing af
Why do you guys know all this shit?
- troyguitar
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I was pretty surprised to see that we actually got a significant cut, usually we are middle class enough to never really see a direct effect from policy changes. Not having kids or owning a business either = it's rare that changes matter to us.[user not found] wrote:I'll say it again, my taxes are WAY too low, and most of yours are WAY too high.
Do whatever you enjoy I guesstroyguitar wrote: ↑Wed Dec 12, 2018 5:57 pmI'd rather know about my effective tax rates than my local sports team.KYGTIGuy wrote:Last two pages here are depressing af
Why do you guys know all this shit?
- wap
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[user not found] wrote: ↑Wed Dec 12, 2018 5:52 pm The Trump tax cuts were actually an increase on the poor and middle because the social safety net has been evisercated to transfer that wealth to corporations
- wap
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Weren't the individual tax cuts temporary and set to expire in a couple years, while the corporate cuts are permanent?troyguitar wrote: ↑Wed Dec 12, 2018 6:03 pmI was pretty surprised to see that we actually got a significant cut, usually we are middle class enough to never really see a direct effect from policy changes. Not having kids or owning a business either = it's rare that changes matter to us.[user not found] wrote:I'll say it again, my taxes are WAY too low, and most of yours are WAY too high.
- CorvetteWaxer
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I'm incorporating now.
From the date of incorporation I will start referring to myself as "we" or "the company formerly known as CorvetteWaxer".
troyguitar wrote: ↑Wed Dec 12, 2018 5:57 pmI'd rather know about my effective tax rates than my local sports team.KYGTIGuy wrote:Last two pages here are depressing af
Why do you guys know all this shit?
on the nail. I like to be knowledgeable about the things fucking me over.
CorvetteWaxer wrote: ↑Wed Dec 12, 2018 6:45 pmI'm incorporating now.
From the date of incorporation I will start referring to myself as "we" or "the company formerly known as CorvetteWaxer".