Did my 2018 taxes last night...

The interest and property tax ceilings gave me a proper kick in the dick.

How those aren’t indexed by geography is somewhat baffling.

 

Because there's absolutely zero reason for the federal government to be subsidizing state income tax collection.

 

If that’s the case (I don’t agree, but we can leave that to the side for now), then get rid of any property tax/interest exemptions, no?

 

So they can kick you harder? Or is it simply more important to you to make others suffer?

A lot of deductions went away, the standard deduction was higher. I think charities will take a hit, but for many people, tax preparation became a lot less burdensome.

 

Yup.

Would it surprise you to learn I'm opposed to dividend double taxation?

 

Made more last year. Got a slightly higher return. I don’t see where the issue is. YMMV

 

I wrote a check to the feds for $914. Then I wrote a check to the state of SC for $14,200. Fml. Lol.

 

Why so much for state?

 

standard deduction went from $6000 to $12000....however the personal exemption is gone which was another $4500. Add into it that I also can no longer claim job expenses (I'm a mechanic, I spend far to much on tools and such). My refund was $6000 less. Always happy to get a refund, but not very pleased with losing a $4500 personal exemption and no longer being able to claim job related expenses.

 

Cashed in all my work shit. Feds got theirs up front. Like 40k or some shit. Didn't owe state till I filed. I knew it was coming. I had about 20k stashed aside just for that. Still got some left for beer and shit. So, that's the way she goes.

 

Well that sucks. Feel your pain... had to send the damn feds a check for about that amount due to capital gains. At least I got to feel good for funding the gov for .00000000001 of a second.

 

You got a good deal as we now know the sexual habits of quail while on cocaine!

 

Ok....completely lost me but ya, those damn birds.

 

He's refering to wasteful government spending on stupid studies that have absolutely no business being paid for by tax payers.
One recently discovered was birds doing coke and it's effect on their sexual habits.

 

I wouldn't argue against this idea, but there would be significant disruptions in the economy if exemptions are eliminated. That's how the feds have pushed home ownership, alternative energy and a host of other initiatives to influence behavior.

 

As long as all exemptions/credits are removed for both individual and corporate taxpayers, I'm on board.