MAGA neighbor just filed his taxes

BTW, I'm happy with my tax returns this year. I'll be even happier with them next year when I can deduct ANOTHER $1,000 off of my taxable income.
 
Crepitus said:
And rarely have I seen anyone more pissed off. This fella works aircraft and has been putting in 7-20 hours of overtime a week, week after week, for most of the year. Thought he was gonna be rich because "no taxes on overtime", right?

WRONG-O MOOSE BREATH!!

Overtime is time and a half, right?

Turns out you still gotta pay taxes on the "time" just not on the "half".

Silly fucker is beside himself becuase he worked himself into a higher tax bracket and actually owes more than he did last year!!

He is currently ready to burn tRump at the stake, figuratively I would assume, but he is really pissed off, lol.
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Trump is great at the ol' "Bait and Switch" game. Kudos to the MAGAts who supported tax breaks for the rich in exchange for some crumbs for themselves.
 
T. A. Gardner said:
Bet he wouldn't go back and not do the overtime even knowing that. My bet is he's a lot less pissed off than you think he is.
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A broken promise is still a broken promise.

It's another reason why I know all MAGAts are evil.

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gfm7175 said:
I don't believe your story, but assuming it's real...

Most people would notice a larger refund due to a rather substantial reduction in their taxable income. Individual circumstances will vary, of course, but generally speaking...

Right.

Correct. I will admit, given how it was marketed, that people could end up (understandably, to an extent) holding too high of expectations about this tax policy, incorrectly expecting "no taxes on the entirety of any overtime hours worked" rather than "no taxes on the premium portion of any overtime hours worked".

However, it's still a tax break for the "working class" and it's still a substantial amount, even if it's 1/3rd of what some people incorrectly thought it would be.

Only the portion of his earnings that are within the next tax bracket are taxed at the higher tax rate. The rest of his earnings are still taxed at the lower tax rate(s).

There's so many different things that affect one's tax return, and I don't know his particular tax situation. All I know is that he'd be paying even MORE in taxes if not for the "no tax on overtime" policy. Also, a "smaller refund" doesn't mean that one "paid more in taxes", and of course one's taxable income is going to increase if one works more hours (and/or makes more money) than the prior year.

It sounds like he's misdirecting his anger (and probably not understanding how his taxes are calculated).

But again, I don't believe your story to begin with.
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It's real. Thanks to trump I can no longer deduct unreimursed vehicle expense. Trump's tax policy gives corporations tax cuts on the backs of the poor and middle-class.

These are facts. All you have are lies.
 
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