My effective tax rate increased by about 1%

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Apr 12, 2019
9:16:51am

cheezedawg All-American

My effective tax rate increased by about 1%

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cheezedawg

Bio page: cheezedawg
Joined: Oct 4, 2007
Last login: May 14, 2024
Total posts: 66,487 (16,779 FO)

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Messages

Author

Time

I found a post on reddit a few weeks ago where they were complaining about how they received a smaller tax refund

SuperTank Mutual Enemies

4/12/19 9:10am

I made more money and will benefit a ton from the "pass through". The white hous

Iman23

4/12/19 9:14am

Well that may mean you climbed the threshold, make over 77k? married?

Y4LYFE

4/12/19 11:33am

My payment of state taxes increased ten fold. That's more of a state problem.

Mister P

4/12/19 9:14am

My effective tax rate went up 2% but I recognize I am in the minority.

chago04

4/12/19 9:16am

welcome, brother

Supercoug

4/12/19 9:16am

I thought it was supposed to be a tax cut for the rich but I didn't see that.

chago04

4/12/19 9:18am

I’m looking for my tiny violin now? Hang in there.

Nakedbootleg

4/12/19 9:19am

I'm not even complaining, poor.

chago04

4/12/19 9:20am

I have a spreadsheet that automatically calculates my withholdings based on my

supertux

4/12/19 9:16am

Would you mind sharing your spreadsheet?

El Jefe

4/12/19 9:21am

I would also be interested.

gmj81

4/12/19 9:29am

The IRS provides an online calculator that my spreadsheet is based on, but it is

supertux

4/12/19 9:36am

My effective federal tax rates: 2016 - 3.4%, 2017 - 7.7%, 2018 - 0.9%.

supertux

4/12/19 9:29am

Holy schnikees, those are some crazy low tax rates.

WDaddy

4/12/19 11:26am

My effective tax rate increased by about 1%

cheezedawg

4/12/19 9:16am

I am seeing many just like your situation, but worse for the states.

BYUCPA

4/12/19 9:17am

Yes, that's what I've heard. I don't have a state income tax, so it doesn't affect me.

SuperTank

4/12/19 9:22am

My return was 300% bigger this year

JOPE

4/12/19 9:25am

Like, 3x as many pages?

supertux

4/12/19 9:38am

Must have had some rentals, businesses, and investments.

BYUCPA

4/12/19 9:57am

That was my reaction as well. Maybe he printed his 1040 on poster board?

cheezedawg

4/12/19 11:15am

My federal effective rate went down, but my Utah taxes ate up more than half

4/12/19 9:32am

People are bonafide idiots when it comes to taxes

kotacoug

4/12/19 9:33am

I made more money. Paid more in taxes, my return ended up being a little less than last year's.

scall

4/12/19 9:52am

AGI up by 2.6%, federal effective tax rate up by 8.6%, or an increase of 1.7% (18.2% to 19.8%)

mik3

4/12/19 9:55am

I have a buddy who literally got his refund down to under $5. I was very impressed!

4/12/19 10:02am

Income went up,effective federal taxes down 10%. State tax slightly higher rate.

Florwood

4/12/19 11:02am

People aren't smart enough to know that the size of the return is irrelevant...

CougaReb

4/12/19 11:06am

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