Originally Posted by Cornstock:
Has anyone else checked out their paychecks since the new tax law went into place? I had tried to calculate what my take home increase would be but I actually underestimate by quite a bit!
#trumpmoney
I have a fuckload of math to do. I went to CPE on the new tax bill RE: 20% deduction on S-Corp, LLC, SPs. Son of a bitch it is a fucking convoluted fucking mess. And you have to pull gain out of the convoluted mess to calculate the convoluted mess (they changed the rules on 1031 exchanges for equipment purchases so that number suddenly becomes massive).
The webinar made my head spin so I put it aside, but it is probably time to revisit it and see if I need to make any structural changes to my personal taxable income. [Reply]
Originally Posted by Buehler445:
State income tax is still withheld, right? I thought you were talking about your net withholdings.
We really are ****ing dorks talking about $7 of withholdings on your paycheck at 4:30AM and 3:30 AM respectively.
Yes. Haven't looked at the difference there. But for Fed, my taxes went up despite the tax cut and lowering my taxable income through increased 401K deduction.
I'm working right now. Monitoring my network build pilot in Europe. [Reply]
Originally Posted by eDave:
Yes. Haven't looked at the difference there. But for Fed, my taxes went up despite the tax cut and lowering my taxable income through increased 401K deduction.
I'm working right now. Monitoring my network build pilot in Europe.
Originally Posted by Buehler445:
I have a fuckload of math to do. I went to CPE on the new tax bill RE: 20% deduction on S-Corp, LLC, SPs. Son of a bitch it is a fucking convoluted fucking mess. And you have to pull gain out of the convoluted mess to calculate the convoluted mess (they changed the rules on 1031 exchanges for equipment purchases so that number suddenly becomes massive).
The webinar made my head spin so I put it aside, but it is probably time to revisit it and see if I need to make any structural changes to my personal taxable income.
I'm completely fucking lost, so you're way ahead of me.
Also in the middle of trying to figure out how to best advise my father on which corp he should form and how to set it up without getting murdered in my sleep by my sister. [Reply]
Originally Posted by ghak99:
I'm completely fucking lost, so you're way ahead of me.
Also in the middle of trying to figure out how to best advise my father on which corp he should form and how to set it up without getting murdered in my sleep by my sister.
Depends on what you want to get done. Shoot me a PM and I’ll give you my non-professional opinion. [Reply]
Originally Posted by Hog's Gone Fishin:
Stocks will take a hit tomorrow. Buying opportunity !!!!
Futures seem so hit or miss unless you’re an hour away from opening bell. And as of lately, an early plunge doesn’t mean a down close. Been crazy to watch. [Reply]