Not at all - sm

Posted: Nov 17th, 2017 - 12:46 pm In Reply to: Must be using new math - sm

I took the adjusted gross income on my 1040 from last year. Subtracted the new, higher, standard deduction. That gave me my new taxable income total. I then used the published percentage rates to calculate my new total tax.

You can think I'm wealthy if that makes you feel better, but we're in the 12% bracket under both the House and Senate plans.

It's not rocket science. The math is very simple.

http://www.businessinsider.com/tax-brackets-2018-trump-tax-plan-chart-house-senate-comparison-2017-11

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Finally, Senator Hatch gets a backbone, "tired of that crap - tax cuts for the rich" WOW! (Views: 496, 2017-11-17, 11:13 am)
- What a refreshing change. Kudos to him. Democrats - love rich socialists but hate rich (Views: 498, 2017-11-17, 11:16 am)
  - Supposedly the richest man in the world - oabo (Views: 468, 2017-11-17, 12:10 pm)
    - Love Bill and Melinda Gates, Elon Musk, Michael Bloomber..sm - oldtimer (Views: 438, 2017-11-17, 12:38 pm)
      - Hear, hear! - oabo (Views: 439, 2017-11-17, 1:16 pm)
      - Yes, TOXIC VACCINES that benefit BigPharma. - LOL (Views: 424, 2017-11-17, 2:28 pm)
        He just donated $50 million to Alzheimer research, sm - VTMT (Views: 380, 2017-11-17, 5:00 pm)
        Cure? - lol (Views: 426, 2017-11-18, 12:11 am)
        Prevention is better and it's free. The rise of Alzheimer's - started when a low fat diet became all (Views: 485, 2017-11-18, 1:38 am)
        He also used his money to stick his nose in the UK elections. - He did warn Europe that unless they (Views: 396, 2017-11-18, 1:45 am)
      - Many people do that regardless of politics, they just don't - go on social media and announce it to the world (Views: 453, 2017-11-18, 1:07 am)
  - I remember when the Koch's donated $100 million to - NYC hospitals and the left had a cow. (Views: 389, 2017-11-18, 12:53 am)
  - There's a church in Malibu that gives free food to the homeless. - The city counsel ordered them to stop (Views: 398, 2017-11-18, 1:52 am)
  - That about this, what if Oskar Schindler was treated today - like our founding fathers are. (Views: 373, 2017-11-19, 7:38 am)
- It's Marxist rhetoric specifically designed to create envy, - resentment and hate. (Views: 476, 2017-11-17, 11:17 am)
- The leftist Democrats in Congress don't hate the rich, they - are the rich. They are running (Views: 455, 2017-11-17, 11:21 am)
- Well, it is tax cuts for the rich and I'm tired of - hearing the crap that it isn't. (Views: 420, 2017-11-17, 11:24 am)
  - I'm not wealthy and my family would save money on the new plan - nm (Views: 426, 2017-11-17, 11:53 am)
    - Must be using new math - sm (Views: 396, 2017-11-17, 12:04 pm)
      - Not at all - sm
        No children, right? - Sm (Views: 452, 2017-11-17, 3:33 pm)
        Good Grief!!! Do you not research anything?? - The bill is not final (Views: 456, 2017-11-17, 3:40 pm)
        Don't be too hard on them. - sm (Views: 587, 2017-11-17, 3:43 pm)
        You're right. They have no basis in fact - So they keep posting their bizarre assumptions (Views: 390, 2017-11-17, 3:51 pm)
        Will they extend child tax credit age - Cuz (Views: 380, 2017-11-17, 11:05 pm)
        What does congressional manipulation - Have to do with math skills (Views: 384, 2017-11-17, 11:11 pm)
        Wrong. One child who doesn't qualify for the child tax credit. - sm (Views: 418, 2017-11-18, 12:51 am)
        That is exactly what Liberal Fascists do. Repeat - the false talking points in the (Views: 419, 2017-11-18, 4:14 pm)
        The Liberal Fascists are too busy trying to spin their talking - points. They are not going (Views: 387, 2017-11-17, 3:38 pm)
    - My son said he would save $40 a year in taxes but it would be... - nm (Views: 427, 2017-11-17, 12:55 pm)
- The illegal, unconstitutional subsidies to the insurance - companies are what the Dems are (Views: 402, 2017-11-17, 11:31 am)
- They're all hypocrites. Dems always give tax cuts to the rich. - sm (Views: 436, 2017-11-17, 11:48 am)
  - Norway is now taxing Tesla cars. After they incentivized it - they tax it. Government taxation (Views: 407, 2017-11-17, 11:52 am)
    - Same thing is happening with solar energy. - sm (Views: 581, 2017-11-17, 11:55 am)
      - And those too poor to own a home, who have to rent also pay more. - nm (Views: 704, 2017-11-17, 12:00 pm)
      - Electricity costs more because of coal plants being - shut down. "Prices will necessarily (Views: 432, 2017-11-17, 12:04 pm)
  - Leftists here go nutS when I tell them that no matter - how it's powered, taking 5000 lbs of (Views: 629, 2017-11-17, 11:53 am)
    - Not to mention the pollution and human misery associated mining - the battery components sm (Views: 437, 2017-11-17, 11:58 am)
- Who came up with the idea that there's something "moral" - or "fair" about the corrupt and (Views: 538, 2017-11-17, 11:49 am)
- Nevertheless - oabo (Views: 441, 2017-11-17, 12:03 pm)
  - Obama was against trickle down and growth under his admin was below 3% - sm (Views: 403, 2017-11-17, 1:22 pm)
    - Don't forget it was Obama's budget until Oct 1, 2017. - nm (Views: 405, 2017-11-17, 1:58 pm)
      - Do you remove heavy objects from your path - when you start your spin? (Views: 397, 2017-11-17, 2:47 pm)