Platinum Contributing Member Highmark Posted December 19, 2017 Platinum Contributing Member Share Posted December 19, 2017 (edited) Simple to use. Post up what you would save or pay in extra. Simple for those without S corp income. http://taxplancalculator.com/ Edited December 19, 2017 by Highmark Quote Link to comment Share on other sites More sharing options...
600ProX2 Posted December 19, 2017 Share Posted December 19, 2017 Save 1,768. Live In Iowa Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 19, 2017 Share Posted December 19, 2017 I can't really do my own cuz I can fluctuate depending on codes. I just ran a bunch of scenarios from in the 50K mark to the 150k range. Average savings was over $2k. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted December 19, 2017 Platinum Contributing Member Share Posted December 19, 2017 It said I'd save well over 3k Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 19, 2017 Share Posted December 19, 2017 save 3926 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted December 19, 2017 Platinum Contributing Member Share Posted December 19, 2017 new york, save $1811 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 19, 2017 Platinum Contributing Member Share Posted December 19, 2017 (edited) $7100 in savings I'll believe it when I see it and I'm still opposed to it.....cause I see the big picture👍 Edited December 19, 2017 by SnowRider Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 19, 2017 Author Platinum Contributing Member Share Posted December 19, 2017 Just now, f7ben said: save 3926 All that bitching for nothing. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 19, 2017 Author Platinum Contributing Member Share Posted December 19, 2017 Just now, SnowRider said: $7100 in savings Il believe it when I see it and I'm still opposed to it.....cause I see the big picture👍 Well you can always give them the old total or more! Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 19, 2017 Share Posted December 19, 2017 Just now, Highmark said: All that bitching for nothing. The house plan had some real issues.....I bitched less then the Senate plan was released Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted December 19, 2017 Share Posted December 19, 2017 $4184 for me this year. Future years will be closer to $2300 because I will have less income. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 19, 2017 Share Posted December 19, 2017 6 minutes ago, Highmark said: Well you can always give them the old total or more! Or, he can donate his savings to a charity to help out the Muslims in his neighborhood. Seems simple enough to me...and most. Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted December 19, 2017 Share Posted December 19, 2017 11 minutes ago, SnowRider said: $7100 in savings I'll believe it when I see it and I'm still opposed to it.....cause I see the big picture👍 So you made over $230,000 this year? Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 19, 2017 Share Posted December 19, 2017 6 minutes ago, AKIQPilot said: So you made over $230,000 this year? I dont recall how many kids Greg has but his income would not need to be that high to get 7100 in savings Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted December 19, 2017 Gold Member Share Posted December 19, 2017 $1863 i also switch from itemizing to standard deduction which will be nice. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 19, 2017 Author Platinum Contributing Member Share Posted December 19, 2017 (edited) 4 minutes ago, f7ben said: I dont recall how many kids Greg has but his income would not need to be that high to get 7100 in savings I did some playing around with numbers and I agree. Edited December 19, 2017 by Highmark Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted December 19, 2017 Share Posted December 19, 2017 6 minutes ago, f7ben said: I dont recall how many kids Greg has but his income would not need to be that high to get 7100 in savings Roger. Either way it will be some nice spending money. Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted December 19, 2017 Share Posted December 19, 2017 $1975. I need to pump out some child beasts apparently... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 19, 2017 Author Platinum Contributing Member Share Posted December 19, 2017 (edited) Just did this in Iowa. 75K income 4 dependents filing jointly standard deduction saves $2874 125K income 4 dependents filing jointly standard deduction saves $3737 250K income 4 dependents filing jointly standard deduction saves $5094 (previous itemized of 18k) 500K income 4 dependents filing jointly standard deduction saves $7066 (previous itemized of 18k) 1M income 4 dependents filing jointly standard deduction saves $5567 (previous itemized of 18k) This plan does not benefit the wealthy. Edited December 19, 2017 by Highmark Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 19, 2017 Share Posted December 19, 2017 Just now, Highmark said: Just did this in Iowa. 250K income 4 dependents filing jointly standard deduction saves $5094 500K income 4 dependents filing jointly standard deduction saves $7066 1M income 4 dependents filing jointly standard deduction saves $5567 This plan does not benefit the wealthy. there are several other things in it that will benefit them greatly.... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 19, 2017 Author Platinum Contributing Member Share Posted December 19, 2017 Just now, f7ben said: there are several other things in it that will benefit them greatly.... For example? Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 19, 2017 Share Posted December 19, 2017 19 minutes ago, f7ben said: I dont recall how many kids Greg has but his income would not need to be that high to get 7100 in savings i came up with a number higher than that to see that kind of savings in nh i was 2800 less and can just take standard deduction so i would prob pay off my house in the next few years since I only have that for tax purposes. Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 19, 2017 Share Posted December 19, 2017 7 minutes ago, Highmark said: For example? Changes to the AMT and the Estate tax 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 19, 2017 Share Posted December 19, 2017 Estate tax change only effects the blue bloods who certainly can afford to pay some estate tax since they didn;t earn what is being inherited Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 19, 2017 Share Posted December 19, 2017 2 minutes ago, Angry ginger said: Estate tax change only effects the blue bloods who certainly can afford to pay some estate tax since they didn;t earn what is being inherited It is a big benefit to the rich though. Doubling the exempt amount from 11 to 22 million is a big bump. I am fine with it and am glad they kept it as the house wanted to eliminate it all together. Quote Link to comment Share on other sites More sharing options...
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