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-   -   Taxes (https://www.airlinepilotforums.com/delta/119702-taxes.html)

sailingfun 02-08-2019 01:30 PM


Originally Posted by DALJetjockey (Post 2759909)
I made 40k more in 2018 vs 2017, all my deductions the same yoy. 2018 refund 2.8K, and that’s paying 3K AMT. 2019 payment due 1.3K, 0$ AMT. The difference is what he took away, union dues 5.7k+ deduction, perdiem deduction well north of 10K... my effective tax rate several points higher. I’m a conservative, but Trump tax hike is taking food off my table. He ain’t no friend of labor.. that’s what we, pilots, all are, we know that, right???:mad:

Your refund is irrelevant since withholding were adjusted. You need to look at your effective tax rate when all is said and done. I suspect without the tax law change and 40K more income your effective rate would have been higher under the old tax law. If n my case it would have been a lot higher. The AMT wiped out a big chunk of the deductions you mentioned.

Lou Reed 02-08-2019 01:58 PM

Slight thread drift, how is per diem calculated while doing the AE training in Virginia Ave? Not based in Atlanta. Kinda hoping it's 2.45 X 24 hrs for the 4ish weeks.

iahflyr 02-08-2019 02:43 PM


Originally Posted by SonicFlyer (Post 2758180)
6- quit voting for politicians that raise taxes

I’ve been a conservative for my entire life until the last few years.

The GOP is now the tax and spend party. I no longer vote for them. But unfortunately one of them got elected who raised taxes on myself and many others, then increased discretionary spending 15% last year, while collecting less revenue overall.

crewdawg 02-08-2019 07:08 PM


Originally Posted by OldFlyGuy (Post 2759918)
I've been told of things that were to my knowledge intentional tax fraud as well. I don't believe there is a limitation on the gubmt prosecuting a deliberate fraud. Pretty dangerous territory. OFG

The difference between tax avoidance and tax evasion is about 20 year...

MDescent 02-09-2019 04:44 AM


Originally Posted by SonicFlyer (Post 2758194)
The vast majority of the things the government does it shouldn't be doing. It really only exists to protect our individual rights, not provide services. When it tries to provide services it fails miserably, including roads.


For the few things it must do, should be funded by user fees.



https://3.bp.blogspot.com/--7yVDxFdf...nn_diagram.jpg

Great visual. Thanks.

sailingfun 02-09-2019 04:47 AM

As much as we like to ***** about taxes it’s interesting to note that amongst the largest world economies the us tax rates are low overall.

ChecklistMonkey 02-09-2019 05:28 AM


Originally Posted by Hrkdrivr (Post 2759492)
You slamming active duty, Karnak?

Your blind patriotism is interfering with your reading comprehension. How is comparing a diagram with military benefits "slamming the military."

HrkDrvr: "I don't want to actually argue the merits of the post so I'll instead play the military card. No one would ever say anything ever negative about the military." Lol.

sailingfun 02-09-2019 05:44 AM

Taxes
 
http://r20.rs6.net/tn.jsp?f=001wDaYJ...mtvIId3AWFHA==

Chakerik 02-09-2019 07:05 AM


Originally Posted by sailingfun (Post 2760400)
As much as we like to ***** about taxes it’s interesting to note that amongst the largest world economies the us tax rates are low overall.

Or everyone else's are too high...

sailingfun 02-09-2019 07:16 AM


Originally Posted by Chakerik (Post 2760481)
Or everyone else's are too high...

If wealth continues to concentrate who knows what the future holds. I doubt it will be good. George Carlin nailed it with a simple statement.
“Give a man a gun and he can rob a bank, give a man a bank and he can rob the world!”


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