My Taxes Went Down!

Curious, why is that?

 

I got an extra $50

 

Do to the limit in the property tax write off and income bracket change alone. 2017 there were more braquets 25% 38g-92 28% 92g-199. 33% 199g-416g. 2018 it's 24% 82g-157. To 32% 157-200g. So instead of falling in the middle depending or how busy the year is it will bump the bracket, unless it's a slow year I'll save , but fall right in the edge of the higher Bracket sucks balls

 

But that would only apply to the amount in the bracket. So it is likely as you barely cross the gains on early money will offset the increase. Your effective tax rate does not ccontain any steps

EDIT: and oh 200 for me but it is lower since that is a 96 hour of the bi-monthly so others are smaller

 

Where do you live that you spend more than 10K on property taxes?

 

Probably NY.

 

I was at that amount in NJ and that was CHEAPER than a lot of my friends who ranged between $13.5-16k/yr.

 

I live in ny I have 1500sq on a half acre taxes are 11g most homes are 14-20g

 

so you lost $1k of deduction and you are "screwed"? your standard deduction went up by more than that, so you break even at worst it would seem. add to that the fact your actual bracket rates decreased and you should come out ahead like everyone else.

 

Where do you live that it is so cheap? Mine are almost 11K per year.

 

Mine are well under $10k here in North Augusta.

 

$1100 here in Northern KY.

16,000 sq ft ranch on 1.2 acres

 

holy mansions!!

3800 sq ft in "expensive" williamson county tn....$3k

 

My paycheck last Friday was 3.855% higher, so basically got a good "cost of living" raise. I hope to do my 2017 taxes this weekend, not sure if that will show changes or will have to be on the 2018 taxes.

 

you will see no impact on 2017 taxes.

 

Texas. But there's no state income tax, so there's that...

 

3200 sq ft in east bum-f*ck PA on 30 acres.....$7k for school, county and state income......can't fathom how anyone can pay over 10 grand on property taxes alone. Streets paved with gold?

 

Baller.

 

I need to drink coffee before doing maff in my head... 1,600 sq ft...

in all honesty the 10,000 + in property tax had me thinking big numbers. Maybe they were doing similar math without coffee

 

Is there an extra zero in that figure or does he ranch house really cover 1/3rd the property?
<edit> hah! i thought that was a little big.