Football ...
Basketball ...
Baseball ...
Other Sports ...
Futbol ...
🤫995🤫 ...
Gambling ...
Movies & TV ...
Music ...
Hobbies ...
Lulz ...
Food & Travel
...
Daily Texan ...
Business & Markets ...
Cloak Room ...
Help ...
For Sale ...
Board Discussion ...
Advertise...
Tailgate Donations
CO Horn
-
Posts
261 -
Joined
-
Last visited
Content Type
Profiles
Forums
Store
Downloads
Recruiting - 2020
2019-2020 Football Season
Football
Entertainment
Sports
News and Business
Cloak Room
Transfer Portal
Recruiting
Events
Everything posted by CO Horn
-
Big Idea: Make High Speed Internet a Public Utility like Running Water
CO Horn replied to Hugo Stiglitz's topic in Cloak Room
We have fiber internet service from our city owned utility company. 1GB for $50/month forever. Prior to that I was paying $80 to Comcast for 10MB. At work we pay $100/month for 50MB down/10Mb up. Other cities in Colorado are looking at doing the same. -
Cunts, Cucks, and Cocks
-
Running Alt-Right Thread of Mockery and Hypocrisy
CO Horn replied to bad_teammate's topic in Cloak Room
How'd I know the store was in Colorado Springs? -
He's definitely not doing anything illegal under the law, but the clergy housing rules need to be looked at.
-
Again, few people have a higher tax liability with the new tax law. People equate a tax cut with larger refunds and this is not happening for most W-2 employees because of the wage withholding tables. The W-4 still asks for the number of allowances that you are claiming. There are no longer personal exemptions, so not sure why the number of allowances makes a difference, other than the increased child tax credit. The IRS should have considered this when adjusting the wage withholding tables. To my knowledge, they still have not corrected this.
-
I'm lean pretty far-left leaning. but a single taxpayer earning $70K is probably paying $9K in taxes. The tax cut reduces that to say $7,300 in your example. It your saying that for it to be beneficial the tax cut would need to be 10% of gross, that would be a $7K reduction in tax for a tax liability of $2k. If we assume that all they get is the standard deduction, that would be $58K of taxable income, so a 3.5% tax bracket for single taxpayers on taxable income up to $58K seems rather low.
-
Again, most of the pain that individuals will feel is related to the IRS fucking up the withholding tables. However, most of the blame lies with Treasury because they instructed the IRS to modify the tables. In my experience, more than 95% of my clients will benefit from the tax law changes. If people owe taxes, it is likely related to not having enough withheld in taxes or having a change in income which increased there liability. In terms of income, I'm probably in the top 2%, and if my income were the same, my taxes are going to decrease by about $15K, largely due to being able to claim a $6K child tax credit, not being subject to AMT, and the QBI deduction. Also, I'm 100% against the new tax law.
-
I like Brew, am a CPA. I have about 250-300 individual returns. Last year we did a tax projection for their 2018 tax liability, assuming 2018 income would be the same as 2017 income. I had probably 3-5 clients that would have a higher liability under the new tax law. These were all individuals that high misc itemized deductions, that are no longer allowed (brokerage fees and unreimbursed employee expenses) If people owe tax, it’s likely a function of the new withholding tables that withheld less in taxes, or additional sources of income. None of my clients were impacted by the SALT limitation. Personally, with being able to claim the child tax credit, and QBI deduction, my overall tax liability will be about 10-15 less than in 2017.
-
Has anyone normally hit by AMT done the maths yet? Since I live in a low SALT area I'm expecting no pain using just the standard deduction, but I'm getting mixed answers from peers across the country. The SALT limitation along with the increased phaseout of the AMT exemption means a large majority of the people previously subject to AMT no longer will be.
-
Yeah, right. That must be it.
-
30k in deductions for? Also, if you sold house for at least $250k, you should probably report and exclude the gain to avoid a potential IRS Notice.
-
WTF does a Prius have to do with it? Nice job Jess.
-
Again, it says"registered to vote foreign nationals" not "noncitizens voting" There is nothing showing they actually voted, nor that they were Hispanic.
-
Say what? What are the Saudis? Baptists?
-
I’ll bite. There are currently 10 Federal Holidays. Of these only 6 do most companies close. I don’t think many businesses would close if they made Election Day a National Holiday. Not saying I’m against it, just don’t see the point.
-
20% of qualified tuition and fees up to $10K, so not $200, $2000.
-
With the current state of technology, the cost of automating certain job functions is cost effective even at the current minimum wage level
-
I don't buy the argument that an increase in the minimum wage will lead to automation. Automation will occur regardless of whether there is an increase in minimum wage.
-
There are still education credits (Lifetime Learning Credit).
-
That omelet must take a long time to make to justify a $14 increase due to the increased cost of labor!!
-
I agree with this article as it relates to Seattle. Colorado increased the minimum wage by $2.70 over three years, from $9.30, to $12. A lot of businesses complained initially, but I don't think the concerns have played out.
-
THIS
-
A list of foreign-born people, that must be illegals and need to be deported. Melania Trump Sebastian Gorka Elaine Chao Dan Crenshaw Mark Meadows Ted Cruz oh and Icono
-
Foreign born does not equal non-citizens, but I’m sure you already knew that.
-
Don’t disagree with that, but think 1031 exchanges are even more egregious.
