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Mar 27, 2020
11:51
:00
am
ebv
All-American
This. Utah effectively raised the tax rate for people with children
while lowering the tax rate for the wealthy and childless.
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ebv
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ebv
Joined
Jan 12, 2011
Last login
May 17, 2024
Total posts
11,899 (679 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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