Originally Posted by
iahflyr
GOP tax reform just created winners and losers. If you make 157-200k, our marginal tax rate went from 28% to 32%. We lost our write offs for union expenses and per diem. We can no longer write off all our state income tax and property tax. Lots of pilots will see a higher tax bill due to this GOP tax law.
The 100% guarantee that your taxes went up is if you are a pilot for a union airline, single, make 157k-200k, live in a state with state income tax (43 out of 50 of them charge state income tax) and own a home. Find me anyone in that situation and I guarantee your taxes go up in 2018.
I was a tax loser in 2017. 2018 is shaping up to allow my wife and I to keep a lot more of what we earned. You don’t need write offs if your total tax burden went down and you can do math.