Taxes
02-02-2019, 07:54 AM
#11
Gets Weekends Off
Joined APC: May 2014
Posts: 273
Originally Posted by Buck Rogers
I am sure you are absolutely right about the mind changing. When you choose to live in the United States and work in the United States....surprise!...you are subject to the laws of the United States....including the taxes and tax code as written. So, when you acknowledge your tax liability and then try to recharacterize it as “theft”......well.....I have a pretty accurate view of your perspective.....motor on my good man...:
02-02-2019, 08:04 AM
#12
Gets Weekends Off
Joined APC: Apr 2018
Posts: 3,191
Beech...not sure, and not at my home computer....I think it it was about 25%....but I stand by the other 2 numbers I posted...a reduction of 3.6 %......or.....for those of an argumentative nature....I got tho keep about 3.6% more of MY money
02-02-2019, 11:48 AM
#14
Gets Weekends Off
Joined APC: Feb 2011
Posts: 794
Originally Posted by GuardPolice
My effective tax rate went down 5.8 percentage points. If it weren’t for the tax credits for my kids, I would’ve ended up close to breaking even.
02-02-2019, 12:52 PM
#15
Gets Weekends Off
Joined APC: Jul 2014
Posts: 429
Originally Posted by 4fans
Yes getting the full child tax credit is a huge gain for my tax situation also.
Seemed to help a little. Taxes are simple when you are old and debt free. No mortgage interest and property tax deduction is capped. Travel expense deduction went away, but AMT used to take it away anyhow. AMT change seemed to work in my favor and standard deduction was my best choice. OFG
02-02-2019, 01:33 PM
#16
seeing the large hubs...
Joined APC: Oct 2006
Position: 73N A
Posts: 3,706
I used the 2018 Turbotax edition but used my 2017 incomes and deductions - I saw about a 15% reduction in my federal tax liability. Getting rid of the AMT is what helped the most from a cursory examination.
My effective tax rate went down by 3.15%, I have nothing special tax wise, no business, I did exceed the 10K SALT by a little.
My effective tax rate went down by 3.15%, I have nothing special tax wise, no business, I did exceed the 10K SALT by a little.
Thread
Thread Starter
Forum
Replies
Last Post
wannabepilot
Hangar Talk
0
04-25-2008 09:19 PM
