Author Topic: New Tax Code  (Read 1851 times)

calfzilla

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Re: New Tax Code
« Reply #25 on: February 17, 2018, 11:48:03 PM »
again, chart?

No. There are several difficulties types of investments not all are taxed the same.

Yes many are taxed at your ordinary rate, but for example long term capital gains is 15% max and some such as municipal bonds are not taxed. Also Roth IRA growth is not taxed. So on and so forth.

Agnostic007

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Re: New Tax Code
« Reply #26 on: February 17, 2018, 11:52:06 PM »
No. There are several difficulties types of investments not all are taxed the same.

Yes many are taxed at your ordinary rate, but for example long term capital gains is 15% max and some such as municipal bonds are not taxed. Also Roth IRA growth is not taxed. So on and so forth.

cool.. mine isn't one of them

loco

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Re: New Tax Code
« Reply #27 on: February 18, 2018, 06:49:14 AM »

Everyone post their increased take home pay here....

Mine... no difference

How would you even know?

Waiting to hear back from them.  Although they are essentially useless.

Turns out on the check two weeks ago, they owed me from the previous check.  They didn't have the new tax code in place in accounting.  


Sorry, Agnostic007.  I thought your post above was from AbrahamG.  I just realized my mistake.

loco

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Re: New Tax Code
« Reply #28 on: February 18, 2018, 12:27:58 PM »
You said you were retired

Americans do get taxed after retirement, 401K and Traditional IRA withdrawals, taxable savings accounts, side hustles, many have rental property, etc.

Coach is Back!

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Re: New Tax Code
« Reply #29 on: February 18, 2018, 03:45:52 PM »
Americans do get taxed after retirement, 401K and Traditional IRA withdrawals, taxable savings accounts, side hustles, many have rental property, etc.

I get that. It’s just the way he put it made it sound like he was getting a payroll check.

Agnostic007

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Re: New Tax Code
« Reply #30 on: February 18, 2018, 06:51:00 PM »
I get that. It’s just the way he put it made it sound like he was getting a payroll check.

No, just a regular monthly pension check that gets taxed

Agnostic007

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Re: New Tax Code
« Reply #31 on: February 18, 2018, 06:51:58 PM »
How would you even know?



Sorry, Agnostic007.  I thought your post above was from AbrahamG.  I just realized my mistake.

no problem

Coach is Back!

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Re: New Tax Code
« Reply #32 on: February 18, 2018, 06:54:56 PM »
No, just a regular monthly pension check that gets taxed

I see.  8)