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Just did my taxes...

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Comments

  • Blu82
    Blu82 Member Posts: 1,672
    My income taxes went up this past year, just as Trump said they would.
    Taxes for all of my employees went down, just as Trump said they would.
  • 2001400ex
    2001400ex Member Posts: 29,457

    BearsWiin said:

    pawz said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    That's not the story I'm hearing when I'm showing mid 7-figure to 8-figure homes - like I did today.

    For the average techie moving up from the Bay Area ($1m-$3m homes), you are correct.
    That's not a very large demographic
    You said nobody. It’s certainly and substantial more than nobody. But the people you know didn’t mention taxes. So it’s nobody.

    https://www.investors.com/politics/editorials/california-companies-leave-taxes/
    As an auditor. I'd say "nobody" is materiality correct. From your Forbes article.

    “We estimate that California lost 0.04 percent of its top earner population over the two years following the tax change.”
  • 2001400ex
    2001400ex Member Posts: 29,457
    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    Sledog thinks potheads are criminals.
  • HHusky
    HHusky Member Posts: 23,898
    2001400ex said:

    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    Sledog thinks potheads are criminals.
    Thank God he’s armed!
  • greenblood
    greenblood Member Posts: 14,559

    SFGbob said:

    Hearing about it, and writing the check to cover it are two different things.


    I had my accountant run my taxes in May and December to get an estimate of were I will be. 30% cut is what it’s looking like. No surprises.
    Damn...mine’s down about 10% and I’m fired up. 30% I could only imagine...
  • Sledog
    Sledog Member Posts: 37,766 Standard Supporter
    2001400ex said:

    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    Sledog thinks potheads are criminals.
    I've met lots of criminal potheads.
  • 2001400ex
    2001400ex Member Posts: 29,457
    Sledog said:

    2001400ex said:

    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    Sledog thinks potheads are criminals.
    I've met lots of criminal potheads.
    You think everyone who smokes pot is a criminal.
  • Sledog
    Sledog Member Posts: 37,766 Standard Supporter
    2001400ex said:

    Sledog said:

    2001400ex said:

    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    Sledog thinks potheads are criminals.
    I've met lots of criminal potheads.
    You think everyone who smokes pot is a criminal.
    70%
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,462 Founders Club
    Sledog said:

    2001400ex said:

    Sledog said:

    2001400ex said:

    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    Sledog thinks potheads are criminals.
    I've met lots of criminal potheads.
    You think everyone who smokes pot is a criminal.
    70%
    JeffSessionsFS
  • creepycoug
    creepycoug Member Posts: 24,046
    Sledog said:

    BearsWiin said:

    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    News Frash: Sledog can't handle the MEAN STREETS of Cali

    arrivederci
    No I can't stand stupid people. Recent survey reported 53% or Kalifornians want to move out.
    And yet they can and more easily than residents of most other states because of their home values relative to most everywhere else. What's stopping them? The survey?
  • Sledog
    Sledog Member Posts: 37,766 Standard Supporter

    Sledog said:

    BearsWiin said:

    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    News Frash: Sledog can't handle the MEAN STREETS of Cali

    arrivederci
    No I can't stand stupid people. Recent survey reported 53% or Kalifornians want to move out.
    And yet they can and more easily than residents of most other states because of their home values relative to most everywhere else. What's stopping them? The survey?
    Yes values certainly help if you've owned them for a long time. A lot are moving. It's why Idaho and some other similar places are growing so fast.
  • creepycoug
    creepycoug Member Posts: 24,046
    Sledog said:

    Sledog said:

    BearsWiin said:

    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    News Frash: Sledog can't handle the MEAN STREETS of Cali

    arrivederci
    No I can't stand stupid people. Recent survey reported 53% or Kalifornians want to move out.
    And yet they can and more easily than residents of most other states because of their home values relative to most everywhere else. What's stopping them? The survey?
    Yes values certainly help if you've owned them for a long time. A lot are moving. It's why Idaho and some other similar places are growing so fast.
    "A lot" isn't very precise. A lot of people are doing a lot of things, including moving from a lot of places.

    California's population growth % is slowing because it's expensive to live there. And the main reason it's expensive to live is COL, mostly home prices. That's the driver. Until it becomes cheap to move to California, that will be a trend. But if it ever gets to that, the trend will reverse.
  • jecornel
    jecornel Member Posts: 9,737
    Stay in California fuckers!!!!
  • MikeDamone
    MikeDamone Member Posts: 37,781
    jecornel said:

    Stay in California fuckers!!!!

    Pump my water Trojan!
  • Sledog
    Sledog Member Posts: 37,766 Standard Supporter

    Sledog said:

    Sledog said:

    BearsWiin said:

    Sledog said:

    BearsWiin said:

    pawz said:

    SFGbob said:

    What state do you live in? My effective tax rate didn't increase that much but it did increase. If you're a real high income earner here in California you are going to seriously get hammered with this new tax bill. California already soaks high income earners and with the high property taxes you're sending a lot of money to the state, no longer being able to deduct that from your Federal taxes is going to cause some real pain for some folks.

    Selling RE in Bellevue, we are getting A LOT of people coming up from California to get away from astronomical income taxes ....


    They're not leaving CA to get away from taxes. They're leaving because they want to cash out on their equity and buy something bigger in a lower-priced market. Many are retirees. They're able to do this because other people are willing to buy their CA property at very high prices and are willing to put up with the cost of living here because the economy is so strong.

    We've known many people who have left CA. Nobody has said anything about taxes. It's all about cashing out on equity.
    I left Kali due to all you listed and the fact it's gone strait loon left. Protecting criminals. Releasing 60k felons from prison onto the street etc. Kali is done for me. You can have it Juan.
    News Frash: Sledog can't handle the MEAN STREETS of Cali

    arrivederci
    No I can't stand stupid people. Recent survey reported 53% or Kalifornians want to move out.
    And yet they can and more easily than residents of most other states because of their home values relative to most everywhere else. What's stopping them? The survey?
    Yes values certainly help if you've owned them for a long time. A lot are moving. It's why Idaho and some other similar places are growing so fast.
    "A lot" isn't very precise. A lot of people are doing a lot of things, including moving from a lot of places.

    California's population growth % is slowing because it's expensive to live there. And the main reason it's expensive to live is COL, mostly home prices. That's the driver. Until it becomes cheap to move to California, that will be a trend. But if it ever gets to that, the trend will reverse.
    Everything is more in Kali not just housing. It's also run by raving lunatics.

    Here's the survey I mentioned,

    https://www.sfgate.com/expensive-san-francisco/article/move-out-of-bay-area-california-where-to-go-cost-13614119.php