| Author | Message | ||
Jalsa Legend Username: Jalsa Post Number: 35996 Registered: 02-2008 Posted From: 73.197.109.142 Rating: N/A |
Medical expenses are no longer eligible for reducing taxable income. | ||
Rocketk2 Side Hero Username: Rocketk2 Post Number: 4891 Registered: 03-2014 Posted From: 166.137.252.96 Rating: N/A |
In a way, AMT ensures there is a cap on all the deductions. By removing it and capping selectively, they hit targetted audience . In your case *may* lose on cap what you gain with AMT.. | ||
Rgb Side Hero Username: Rgb Post Number: 4851 Registered: 06-2014 Posted From: 108.5.158.245 Rating: N/A |
When I had high mortgage interest and local taxes, AMT was horrible(I am not rich). However if state income tax and caps on mortgage interest and local taxes deduction, AMT would probably not have an effect | ||
Rocketk2 Side Hero Username: Rocketk2 Post Number: 4890 Registered: 03-2014 Posted From: 166.137.252.96 Rating: N/A |
yes . We need to look at details but AMT generally affects rich people not high 'income earners'. Eee deductions vadukunedhi high income earners.. There is a subtle difference.. I bet most of the two income households on this board will end up paying more ., | ||
Maverick Legend Username: Maverick Post Number: 65602 Registered: 01-2008 Posted From: 73.59.83.138 Rating: N/A |
nice..most dbers ki advantage.. Happy Vizag | ||
Rgb Side Hero Username: Rgb Post Number: 4849 Registered: 06-2014 Posted From: 108.5.158.245 Rating: N/A |
AMT teesesaru, so you have to count that also for people with high incomes and deductions. Its supposed to save aroubd $7500 for such people per year | ||
Rocketk2 Side Hero Username: Rocketk2 Post Number: 4889 Registered: 03-2014 Posted From: 166.137.252.96 Rating: N/A |
Only up to 500k. Anyone new buyers whose house fall between 500k to 1m will notice a decrease in mortgage interest deduction. This is only for new buyers. I think existing is not changed There is property tax impact also Suppose you are itemizing you deductions and you gross income is 200k The property tax on 700k Home is about 28k( ball park) in my county. Today your AGI will be 172k. But with the cap it will be 190k. The main part of itemized deductions are property taxes , mortagage interest , state and local taxes(SALT). Ivanni add chesukunte significant deductions vasthayi for some one owing a home in high tax jurisdictions like Ca, Ny etc. ivi tesethe direct paycheck earners(non business earner) ki effect vuntadhi.. in my opinion Now, they increased standard deductions to 24k . So that will take care of some cases but I still believe mid to high middle class will get effected by tax in 20 - 70k additional income. This is just a high level numbers . Inka Chala details teliyali that can change this numbers | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4564 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Sales tax is different from income tax kada... US lo state tax up to 8% Sales Tax up to 8% not uncommon... | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4563 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Potentially, 132K Salary draw chesevallaki - 132K-18K(401K)-24K(standard deduction) Tax rate is 12%. 137K Salary draw chesevallaki - 132K-18K(401K)-24K(standard deduction) - 5K Roth IRA Tax rate is 12%. | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4562 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
25% Put 5K in Roth IRA (Assuming that didn't change) or max out 401K if you have room to contribute. and bring it down to 12%. | ||
Kantha_rao Side Hero Username: Kantha_rao Post Number: 4523 Registered: 11-2013 Posted From: 12.218.0.70 Rating: N/A |
ade anna...95k ki entha kattali tax  | ||
Kaisersooze Hero Username: Kaisersooze Post Number: 16259 Registered: 04-2009 Posted From: 198.135.125.186 Rating: N/A |
lol...India lo GST is more than our fed tax....G tho navvuthunaru monna bar lo amru colleagues... | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4561 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Depends on Adjusted gross income. You could be pleasantly surprised. Almost half the tax rate. AGI - up to 90K, tax rate is only 12%. | ||
Kantha_rao Side Hero Username: Kantha_rao Post Number: 4522 Registered: 11-2013 Posted From: 12.218.0.70 Rating: N/A |
Married couple with 90k-95K single income filing jointly....inthaku mundu entha undedi ippudu entha kattaalo layman language lo cheppandi please | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4560 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
From what I gathered, up to Tax can be deducted up to 500K. After that, it will be phased out based on income level. | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4559 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Ee range ki 28 to 25% or 33 to 25% ki tax bracket taggutundi. Hole how? | ||
Biggboss Side Hero Username: Biggboss Post Number: 2639 Registered: 08-2017 Posted From: 45.62.177.6 Rating: N/A |
ee point explain cheyyandi...oka vela my mortgage is 700k so nenu only upto 500k deduct chesukovacha...leka pothey nenu completely in eligible avuthana? | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 5062 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
ee tax plan valla pedda bokka.. for most of junta.. because all of you guys earn more than 10K per month take home | ||
Rocketk2 Side Hero Username: Rocketk2 Post Number: 4888 Registered: 03-2014 Posted From: 107.77.70.87 Rating: N/A |
that 200k in your example is not gross income: it is adjusted gross income. Deductions taggithe it will push into higher bracket. Main adjustment ( for most non business earners like we have on here) to AGI will come from itemized deductions ( property tax , mortagage insurance) and 401k. AMT tesesi...rich ki break ichi ... deductions lo middle class( mid to higher end) ni debbesaru!! yup. Sampadinchidi antha intiki pedatharu and treat it like investment. Now that avenue will get closed. But i don’t see how else they can make up for loss in other cuts( mainly AMT) | ||
Twotown Side Hero Username: Twotown Post Number: 9352 Registered: 09-2016 Posted From: 172.58.83.30 Rating: N/A |
Mana db lo 99% ki good news .. | ||
Couragebabu Junior Artist Username: Couragebabu Post Number: 141 Registered: 01-2013 Posted From: 167.246.61.3 Rating: N/A |
Mortgage above 500,000 aithey bokka pandindhi ga (mostly NY, & CA ppl) | ||
Couragebabu Junior Artist Username: Couragebabu Post Number: 140 Registered: 01-2013 Posted From: 167.246.61.3 Rating: N/A |
Tax % Brackets (in SSS) Amount Tax to Pay 12.00% First 90,000 $90,000.00 $10,800.00 25.00% 90,000 to 259,999 $169,999.00 $42,499.75 35.00% 260,000 - 999,999 $739,999.00 $258,999.65 njy maadi!!! | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4558 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Inka clarity ledandi. Only tax brackets basis meeda aite, Yes. Helpful. But Personal exemptions remove cheyyatam valla negative impact undachu. Also, Property tax exemption ki limits on (new homes!!).. Negative effect for people living >.5Mil homes. | ||
Mass Side Hero Username: Mass Post Number: 6620 Registered: 10-2014 Posted From: 74.118.96.34 Rating: N/A |
Babai how ru? are u our arkansas babai? | ||
Mikkymouse Hero Username: Mikkymouse Post Number: 12901 Registered: 04-2008 Posted From: 70.191.59.106 Rating: N/A |
>>>25% $75,900 to $153,100 $10,452.50 plus 25% of the excess over $75,900 28% $153,100 to $233,350 $29,752.50 plus 28% of the excess over $153,100>>> Ee year tho polchukutne kotha de better kada? For ex: 200k anukutne at present 28% paduthundi, kotha daniki prakaram 25% bracket ki veluthundi kada? Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11154 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
exemptions gurinchi clarity ga ekkada annadu. i could not find it. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Hanuman_junction Junior Artist Username: Hanuman_junction Post Number: 51 Registered: 02-2016 Posted From: 205.141.247.2 Rating: N/A |
http://www.businessinsider.com/trump-tax-plan-details-corpor ate-rate-individual-brackets-deductions-cuts-2017-9 | ||
Hanuman_junction Junior Artist Username: Hanuman_junction Post Number: 50 Registered: 02-2016 Posted From: 199.200.27.7 Rating: N/A |
No - Removed personal exemptions for all | ||
One Hero Username: One Post Number: 17761 Registered: 09-2008 Posted From: 67.191.221.109 Rating: N/A |
Both working and other income families PK fan | ||
Gudiwada Side Hero Username: Gudiwada Post Number: 2521 Registered: 02-2007 Posted From: 74.118.96.34 Rating: N/A |
2+ anteee | ||
One Hero Username: One Post Number: 17760 Registered: 09-2008 Posted From: 67.191.221.109 Rating: N/A |
Bad for 2 + paychecks ppl. PK fan | ||
One Hero Username: One Post Number: 17759 Registered: 09-2008 Posted From: 67.191.221.109 Rating: N/A |
I think your senior citizen. Still passing wrong information PK fan | ||
One Hero Username: One Post Number: 17758 Registered: 09-2008 Posted From: 67.191.221.109 Rating: N/A |
in USA. Always works bracket. If you make 200k. 12% on first 90k. After that amount 25%. Avg depends PK fan | ||
Linkmaster Legend Username: Linkmaster Post Number: 56370 Registered: 02-2008 Posted From: 149.128.8.245 Rating: N/A |
whole ki hole untundi... | ||
Mikkymouse Hero Username: Mikkymouse Post Number: 12900 Registered: 04-2008 Posted From: 70.191.59.106 Rating: N/A |
So first 90k ki 12% , adi datina amount ki 25% or whole amount ki 90%? Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11153 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
idhi family kadhu anukkunta lepindhi. only for tax filers ani. so if you have 2 dependents, you can file exemption. need to read more. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Linkmaster Legend Username: Linkmaster Post Number: 56369 Registered: 02-2008 Posted From: 149.128.8.245 Rating: |
welcome back.. platy looking for your advice .. | ||
Speaker Hero Username: Speaker Post Number: 10838 Registered: 06-2016 Posted From: 205.194.127.36 Rating: |
Naa paristhithi enti??? 96K USD p.a. 4 dependants??? lickedaaa??? Oka aalochana medilindi..aa aalochane nannu ennukundi..kaabatte ee post padindi. | ||
Bunty717 Legend Username: Bunty717 Post Number: 54537 Registered: 02-2008 Posted From: 161.185.160.93 Rating: N/A |
andaru 401k max out cheyandi.. andaru below 200 ki vochestaaru..appudu 25% ee kattochu.. ledu antee ittadee laaga undi.. Twitter naa 1K $ eppudu istaavu.. | ||
Hanuman_junction Junior Artist Username: Hanuman_junction Post Number: 49 Registered: 02-2016 Posted From: 199.200.27.7 Rating: N/A |
Standard deduction 24K chesi personal exemption ni leppasadhu, bokkalo plan. Taxes for 95% middle class will go up. | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11151 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
The House bill would end a $7,5000 credit for purchases of electric cars.Tesla shares declined sharply after Bloomberg first reported on the elimination of the credit. The bill includes a provision that would protect churches from the risk of losing their tax-exempt status for commenting on political affairs in the “ordinary course†of the church’s business. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11150 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
Business tax rate is cut from 35% top 20%. The pass-through rate will be 25 percent, a huge cut for many small-businesses organized as sole-proprietorships and partnerships. the bill will impose a one-time tax on corporate profits that have been accumulated and held abroad lliquid corporate assets will be taxed at a lower rate of 5 percent  Small business ki anto inthochesedhi reps ee. dems leniponi obamacare, regulations petti kummi kosi pedatha vuntaru. Hope the changes will make tech giants get some of the money back to america. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Mass Side Hero Username: Mass Post Number: 6616 Registered: 10-2014 Posted From: 74.118.96.34 Rating: N/A |
me laga coontractors kadu babu memu FT 42$ range maadi | ||
Optionsgenius Side Hero Username: Optionsgenius Post Number: 2340 Registered: 12-2014 Posted From: 172.58.153.252 Rating: N/A |
Heavy hitters 750k Range Sasiba EMC ki Chala benefits e tax bill valla | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11148 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
10K varaku istunnadu kadha. Most houses fall in the category. west coast ane kadha texas where there is no state tax but only property tax is also impacted.
kotha brackets kooda progressive brackets avvutayi. ante first 90K ki 12% aa tarvatha 25% apply chestaru. flat tax veyyaru. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4553 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Emo.. konchem Ekkuve undi. Kani Turbo Tax vadu lekka ela esado... | ||
Andhrawala Legend Username: Andhrawala Post Number: 63908 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Meeru kooda maa maadhiri badugu vargamenaa Nenu inka inka LIne 38 more than 155K emo anukunnaaa No Signature | ||
Rebel Hero Username: Rebel Post Number: 16467 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
child tax credit 1K increase chesadu.. so xtra tax on $2800 for 2 kids | ||
Rocketk2 Side Hero Username: Rocketk2 Post Number: 4887 Registered: 03-2014 Posted From: 166.137.252.96 Rating: N/A |
Did not get a chance check the complete details yet. Simple concept idhi.. Budget balance ayyi.. tax cut ravatam jaragadhu.. oka chota cut ayithe .. inko chota peragali.. point is evariki tagguthundhi .. evariki peruguthundhi!! Let's take property tax. That is a significant tax break for home owners( ma area lo around 4%). Ikkada cap chesthe we will lose out.. migatha vatilo vache break tho compare chesthe entho evaluate cheyyali.. I am pretty sure California And NY home owners will lose out on this. Remember Home is not just luxury. It is also investment for majority of middle class!! | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4552 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Last year deductions ippude check chesa, You are right. 12600 (standard - Ignoring itemized deduction) + 16200 (Family of 4) = 28800 Exemption. New 24000. Family of 4 ki 4800 meeda extra tax la undi....  | ||
Andhrawala Legend Username: Andhrawala Post Number: 63907 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
correct me if I am wrong 4070*4 = 16280 Just now I saw my return Exemptions. If line 38 is $155,650 or less, multiply $4,050 by the number on line 6d. Otherwise, see instructions ee line lo I got 16200. so maa laanti vallaki losse whose line 38 is less than 155K No Signature | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4551 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Intakumundu stadard 12700+4070 per child. Ippudu 24000. So, Third child varaku no loss. Kakapote, mundu mundu itemize justify cheyyadam kashtamautundi. | ||
Optionsgenius Side Hero Username: Optionsgenius Post Number: 2338 Registered: 12-2014 Posted From: 172.58.153.252 Rating: N/A |
42$ on paper 18$ black | ||
Andhrawala Legend Username: Andhrawala Post Number: 63906 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
two children ki loss ledhaa?? The bill also repeals the personal exemption—currently $4,050 per person—that tax filers can currently deduct for themselves, a spouse and dependents, including children so even manaki koodaa Std Deduction penchi ikkada theesesedu so 16K we are loosing. In effect paying tax of aroudn 3000 more kathaa No Signature | ||
Sachin Legend Username: Sachin Post Number: 42852 Registered: 04-2008 Posted From: 108.171.130.163 Rating: N/A |
mango people ki ednna use undaaa....leka 1 rs ichi 2 time 50 paisa denkesaaadaaa? | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4550 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Pros: No 401K change, AMT removal, Almost twice standard deduction Simplified tax brackets. In general little to no negative impact. Additional child tax credit (May not help high earners) Cons: Families with more than 3 children lose some deductions (4070 per child!) May need to forget Dependent flexible case spending accounts - They become taxable. | ||
Hiphop Side Hero Username: Hiphop Post Number: 2809 Registered: 10-2008 Posted From: 198.7.62.129 Rating: N/A |
Mallee online chadivaka looks like 25‰ for most of us Ready For Whatever | ||
Biggboss Side Hero Username: Biggboss Post Number: 2636 Registered: 08-2017 Posted From: 45.62.177.6 Rating: N/A |
Only on new mortgages, existing mortgages won't be affected...it will be interesting to see how they new vs old...refinance chesthey will it be termed as new? | ||
Hiphop Side Hero Username: Hiphop Post Number: 2808 Registered: 10-2008 Posted From: 198.7.62.129 Rating: N/A |
35‰ ante from 90-260k not more than 260k So mostly 35%? Ready For Whatever | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4549 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Not very clear but half mil kante pedda mansions unna vallaki negative effect la undi It would reduce the cap on the popular deduction to interest on mortgages to $500,000 for newly purchased homes. The current cap is $1 million. | ||
Mass Side Hero Username: Mass Post Number: 6615 Registered: 10-2014 Posted From: 74.118.96.34 Rating: N/A |
naku gantadi 42$ vastundi nenu 28% bracket a antara? | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 5061 Registered: 03-2014 Posted From: 129.135.0.21 Rating: N/A |
Eliminates personal exemptions: Today you're allowed to claim a $4,050 personal exemption for yourself, your spouse and each of your dependents. The House bill eliminates that option. For families with three or more kids, that could mute if not negate any tax relief they might enjoy as a result of other provisions in the bill. | ||
Onlytruth Legend Username: Onlytruth Post Number: 198097 Registered: 01-2007 Posted From: 107.77.83.90 Rating: N/A |
sure plenty of people fall in 35% tax bracket >>>> Dude , 260K aa etu nunchi ? | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4548 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Link unda? My inference came from this link? Idi wrong data na?
| ||
Stellar Hero Username: Stellar Post Number: 19061 Registered: 02-2016 Posted From: 192.200.5.41 Rating: N/A |
mee gurinch kaadu.. month ki 15K expenses vaalla gurinchi..  | ||
Rajusk Legend Username: Rajusk Post Number: 59816 Registered: 02-2008 Posted From: 170.74.231.21 Rating: N/A |
thakkuva padithe meeru isthara...just asking | ||
Stellar Hero Username: Stellar Post Number: 19060 Registered: 02-2016 Posted From: 192.200.5.41 Rating: N/A |
 | ||
Airliner Side Hero Username: Airliner Post Number: 4629 Registered: 11-2011 Posted From: 196.54.41.29 Rating: N/A |
current law -- 75k ki takkuva aithe 15%.. aa paina amount meeda 25%.. new law marginal rate 25% on all 90K.. please read it ... edi padithe adi post yesettunnaru janalu .. You are not born a winner. Nor are you born a loser. You are born a chooser. Choose to win. | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 5060 Registered: 03-2014 Posted From: 129.135.0.21 Rating: N/A |
ninnane income/expenses spread sheet choosaa.. Looks like most of the DBers fall into 35% bracket. | ||
Rebel Hero Username: Rebel Post Number: 16466 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
>>Inka House enduku kontaru anduke house stocks padday today.. btw deeni okka kosam houses konaru pseudo inellectuals thappa | ||
Airliner Side Hero Username: Airliner Post Number: 4628 Registered: 11-2011 Posted From: 196.54.41.29 Rating: N/A |
where did you get this info from? I suggest you to read it again... http://www.investopedia.com/news/trumps-tax-reform-what-can- be-done/ You are not born a winner. Nor are you born a loser. You are born a chooser. Choose to win. | ||
Stellar Hero Username: Stellar Post Number: 19059 Registered: 02-2016 Posted From: 192.200.5.41 Rating: N/A |
idi ekkad vundi? | ||
Rebel Hero Username: Rebel Post Number: 16465 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
>>no state tax is huge relief state tax ki deniki sambandham ledu..adi alane undi.. just state tax deduction ledu..which wont be much useful now with 24K standard deduction. | ||
Manthri Comedian Username: Manthri Post Number: 1764 Registered: 02-2013 Posted From: 157.130.175.102 Rating: N/A |
>>Standard deduction 24K non-Asians or thellas House lu konede denigurinchi. Inka House enduku kontaru | ||
Rebel Hero Username: Rebel Post Number: 16463 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
>>I am sure plenty of people fall in 35% tax bracket antha sainma ledu..25% bracket majority - 90K -260K. 90%+ desi it janabha will be in this 25% bracket.. exceptional talents like mr hyd maverick, west coast ny high salary folks etc fall into 35% | ||
Andhrawala Legend Username: Andhrawala Post Number: 63900 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
OG annaai comes into this or
Time for OG to buy 4th Villa/bungalow No Signature | ||
King Side Hero Username: King Post Number: 2782 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
dont know how true is your statment for non bay area. Taxable amount is after all your deductions like 401K, standard , mortgage and interest. For you to fall in this category, house hold income should be almost $400K Idhi kuda kindaling thread ayithe , I am out | ||
Linkmaster Legend Username: Linkmaster Post Number: 56365 Registered: 02-2008 Posted From: 149.128.8.245 Rating: N/A |
og and MrHYD ni baagaa consider chesinattu undi | ||
Sony Legend Username: Sony Post Number: 35636 Registered: 12-2006 Posted From: 170.48.2.184 Rating: N/A |
if there is no State tax, thats straight 6.5% safe and most of us already in 25% to 28% bracket, profit to 28% bracket guys no state tax is huge releif | ||
Biggboss Side Hero Username: Biggboss Post Number: 2632 Registered: 08-2017 Posted From: 45.62.177.6 Rating: N/A |
As usual Indian IT works who supported Trump won't benefit from the new tax bill I am sure plenty of people fall in 35% tax bracket | ||
Linkmaster Legend Username: Linkmaster Post Number: 56364 Registered: 02-2008 Posted From: 149.128.8.245 Rating: N/A |
 | ||
Andhrawala Legend Username: Andhrawala Post Number: 63899 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
That will make our life easier No Signature | ||
Siloan Legend Username: Siloan Post Number: 52421 Registered: 03-2008 Posted From: 205.160.169.248 Rating: N/A |
effective date eppudu? | ||
Stellar Hero Username: Stellar Post Number: 19055 Registered: 02-2016 Posted From: 192.200.5.41 Rating: N/A |
daani kosame kada ee thippalu antha | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11147 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
For married couple who make from 18K to 89K are benefiting as they pay 12% only compared to 15% till 75K and 25% later. For married couple who make less than 18K will loose as they will pay more 12% versus 10$.but since standard deductions have increased, negligible people should be effected For married couple who make from 90K to 150K they gain slightly. as they are paying 12% on (0-90K) compared to 13.7 till 75K and then 25% from 75K For married couple who make from 150K to 230K makes the most as they will be paying 25% instead of 28% on income from 150-230K For married couple who make from 230K to 260K they gain the most For married couple who make from 260K - 460K they loose a bit For married couple who make more than 460K to million, they gain a lot. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Rebel Hero Username: Rebel Post Number: 16462 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
Standard deduction 24K ante inka ekkuvamandi itemized deduction cheyaremo.. tax returns will be simplified.. | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4546 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
No difference kada... Intaku mundu 75-90K vallaki kooda 25% 153-233K - 28% 233-260K - 33% 4 brackets consolidate ayyayi. Taggayi or no difference. | ||
Rebel Hero Username: Rebel Post Number: 16461 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
>> Rebel vesindhi chusi confuse ayya. Married couple making more than 90K ki 25% ante voocha kothee. confusion emundi . 90K-260K ko 25%..so voochakotha | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4545 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
http://www.businessinsider.com/trump-tax-plan-details-corpor ate-rate-individual-brackets-deductions-cuts-2017-9 This has a table. Makes better sense. | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11146 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
comparte with current ones Taxable Income Tax Rate $0—$18,550 10% $18,551—$75,300 $1,855 plus 15% of the amount over $18,550 $75,301—$151,900 $10,367.50 plus 25% of the amount over $75,300 $151,901—$231,450 $29,517.50 plus 28% of the amount over $151,900 $231,451—$413,350 $51,791.50 plus 33% of the amount over $231,450 $413,351—$466,950 $111,818.50 plus 35% of the amount over $413,350 $466,951 or more $130,578.50 plus 39.6% of the amount over $466,950 the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4544 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
I think it is still wrong. Actual table dorikite post chesta. Campaign time lo manchi table okati choosa. Vetakali. | ||
Rebel Hero Username: Rebel Post Number: 16459 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
NO state and local tax deductions. But standard deduction increased. So it might offset. | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 11145 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
This makes sense. Rebel vesindhi chusi confuse ayya. Married couple making more than 90K ki 25% ante voocha kothee. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Rebel Hero Username: Rebel Post Number: 16458 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
The bill would increase the child tax credit to $1,600, up from $1,000, for any child under 17. NO 401k changes. Property tax deduction limited to 10K | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4543 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Oops. Sorry. I read it wrong. | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 4542 Registered: 06-2013 Posted From: 165.225.34.109 Rating: N/A |
Ippudu correct anukunta.
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Rebel Hero Username: Rebel Post Number: 16457 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
The bill raises today's standard deduction for singles to $12,000 from $6,350 currently; and it raises it for married couples filing jointly to $24,000 from $12,700. That would drastically reduce the number of people who opt to itemize their deductions, since the only reason to do so is if your individual deductions combined exceed the standard deduction amount. | ||
Rebel Hero Username: Rebel Post Number: 16456 Registered: 02-2008 Posted From: 159.45.22.7 Rating: N/A |
There are seven federal income tax brackets in today's code that are taxed at 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. The House bill consolidates those into four brackets: 12% (on the first $45,000 of taxable income for individuals; $90,000 for married couples filing jointly) 25% (starts at $45,000 for individuals; $90,000 for married couples) 35% (starts at $200,000 for individuals; $260,000 for married couples) 39.6% (starts at $500,000 for individuals; $1 million for married couples) - For ppl like mr.hyd |
