So you lost over $35k in personal exemptions? that's big

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Mar 27, 2020
12:27:22pm

Plato Intervention Needed

So you lost over $35k in personal exemptions? that's big

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Plato

Bio page: Plato
Joined: Mar 21, 2017
Last login: Jun 1, 2024
Total posts: 20,226 (485 FO)

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Messages

Author

Time

Ugh, Utah's income taxes are still stupid.

panguitch

3/27/20 11:37am

How is that even possible? Are you taking advantage of a bevy of Fed tax credit programs that aren't available at

Pimpin4Paradise

3/27/20 11:39am

If you have lots of kids. You get 2000 credit for each. That can quickly

cougarfann888

3/27/20 11:40am

Interesting. I have 3 kids but paid far more in federal tax than state.

Pimpin4Paradise

3/27/20 11:41am

Income dependent as almost half of filers don't pay any federal income taxes

Plato

3/27/20 11:44am

Most people with 3 kids making under 100k aren’t paying any federal taxes

cougarfann888

3/27/20 11:48am

Its only 5% flat tax. Whats the problem? Why should the fact that

Plato

3/27/20 11:39am

Look at the original post.

panguitch

3/27/20 11:47am

Still under 5% of the difference. Yes, it was an "effective" increase

Plato

3/27/20 11:54am

Thanks, but a regressive tax hike is a real problem for a lot of people.

panguitch

3/27/20 12:06pm

Utah never adjusted to account for Fed tax reform thus raising their take from filers. Why should we pay more taxes?

Grit for Brains

3/27/20 11:48am

This. Utah effectively raised the tax rate for people with children

ebv

3/27/20 11:51am

My tax rate went up 25% the last 2 years

WhirleyPop

3/27/20 12:05pm

In Utah? From 5% to what?

Plato

3/27/20 12:05pm

I still pay less than 5%. But with the loss of personal exemptions I am paying

WhirleyPop

3/27/20 12:23pm

So you lost over $35k in personal exemptions? that's big

Plato

3/27/20 12:27pm

The only thing that bugs me that they did nothing to adjust for the loss of

Mikey

3/27/20 11:50am

The thing that is unreported on that is the raise in standard deduction

CocaColaRecovery

3/27/20 12:00pm

Very interesting.

Plato

3/27/20 12:03pm

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