These are the new NEW tax brackets

[ORDER_66]

Fixed. Is it $40k after the standard deduction of $12k? If not then you’re getting taxed for $28k not $40k.

That STILL makes no sense... I make 40K BEFORE taxes man... Allegedly...

 

[the cac mamba]

Yeah this is still bullshyt. They tax people more at lower income brackets under the guise they're saving you money

im not a fan of this plan, its a giant jerkoff for the rich :scustrump:

i think the real losers are the families who make like 100-150 grand in blue states, does that sound about right?

 

[big bun]

 

[HopeKillCure]

Taxes really should be mandatory for high school students

Also the vast majority of people gonna fall into that 12% bracket but watch half the coli claim they getting taxed higher

more than half the coli for sure

 

[Apollo Creed]

This goes into effect this upcoming tax season right?

 

[NotAnFBIagent]

That STILL makes no sense... I make 40K BEFORE taxes man... Allegedly...

nah thats not how it works, i see other ppl in here making this assumption and i was wondering how to clarify it. this is a good example

so you make 40k, then you get taxed 12% on the first 38. you only get taxed 22% on the remaining two grand over 38k

matter of fact i think this cuts your taxes

Take that 40k deduct 12 for the standard deduction so u have 28k in taxable income
First 9000 taxed at 10% the rest at 12%

 

[King Harlem]

wait... I dont fukk with Trump at all but the average american family would be paying 12% in taxes.

Yall magical six cert, 6 cars, 6 hoes dudes ảre in hêre complaining about paying an imaginary 24 pểrcent now.

didnt people in the 22% bracket used to pay more. I swore we díd.

someone help me out with this

Your taxes will probably be a little less than before, but you probably won't even notice the extra $20 or so you will be saving on each of your paychecks that usually are deducted for federal taxes. Unless you live in a Blue State that has high State and Local taxes that we used to get deductions for. Now we no longer get these deductions and we will end up having to pay more in taxes than we had before.

 

[lamont614]

Don’t vote brehs

 

[NotAnFBIagent]

Don’t vote brehs

Trump lost popular vote by 3 million
Let that sink in

 

[ORDER_66]

Take that 40k deduct 12 for the standard deduction so u have 28k in taxable income
First 9000 taxed at 10% the rest at 12%

And how much am I left with?!!?

 

[666 ReVeNGe 666]

That 22% tax bracket is fukking theft.

Thats like 80% of everyone I know

That's like an extra 600 to 800 a month

We

 

[666 ReVeNGe 666]

wait... I dont fukk with Trump at all but the average american family would be paying 12% in taxes.

Yall magical six cert, 6 cars, 6 hoes dudes ảre in hêre complaining about paying an imaginary 24 pểrcent now.

didnt people in the 22% bracket used to pay more. I swore we díd.

someone help me out with this

We used to pay 28 percent.

We about to eat breh

 

[the cac mamba]

Your taxes will probably be a little less than before, but you probably won't even notice the extra $20 or so you will be saving on each of your paychecks that usually are deducted for federal taxes. Unless you live in a Blue State that has high State and Local taxes that we used to get deductions for. Now we no longer get these deductions and we will end up having to pay more in taxes than we had before.

heres the thing though; the average person pays like 5 grand in state taxes, tops. and this doubled the standard deduction up another 6 grand, so i think that offsets that i THINK

 

[aXiom]

That's like an extra 600 to 800 a month

We

Stay in school brehs.

 

[NotAnFBIagent]

And how much am I left with?!!?

U pay like 3100 in taxes