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Post by locogato11283 on Feb 9, 2018 13:46:37 GMT -5
Jut got my taxes back for 2017.. Along with getting a $7,000 refund for 2017, I was told that thanks to Trump's tax plan, I will get to keep at least $14,000 more for 2018.
So, I would like to thank Mr. President Trump for making America great again.
And I would also like to thank my fellow Trump supporters for believing in MAGA.
And to all of those who think I should be voting based on illegals, healthcare or some other asinine thing, you can kiss my ass.
MAGA!!!
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Post by PatSox on Feb 9, 2018 14:07:21 GMT -5
Isn't it too early to get your tax return???
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Post by locogato11283 on Feb 9, 2018 14:16:49 GMT -5
Isn't it too early to get your tax return??? I don't have the return yet, but my taxes are done.
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Post by Deleted on Feb 9, 2018 14:17:26 GMT -5
Nope. You could file on January 29th, and with electric filing and direct deposit to your bank account you could get your return in seven days.
Mine should be here within the next few days.
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Post by Deleted on Feb 9, 2018 14:18:53 GMT -5
No, you can get returns done as soon as you have your paperwork in place. The sooner you file the quicker you will get any refund back.
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Post by Angelo on Feb 9, 2018 18:43:25 GMT -5
Isn't it too early to get your tax return??? Jess got hers done their official starting process date. She filed as soon as she could and her return was one of the lucky ones chosen to be processed by the IRS early for some new thing they were doing a trial of. Got her state back in 2 weeks I think and her Fed in a couple days. I got stuck with the insurance fine and got nothing back.
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Post by locogato11283 on Feb 9, 2018 18:52:56 GMT -5
Who else is seeing a positive result of the MAGA tax plan?
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Post by ocmmafan on Feb 9, 2018 19:08:59 GMT -5
Isn't it too early to get your tax return??? Jess got hers done their official starting process date. She filed as soon as she could and her return was one of the lucky ones chosen to be processed by the IRS early for some new thing they were doing a trial of. Got her state back in 2 weeks I think and her Fed in a couple days. I got stuck with the insurance fine and got nothing back. Does she claim you as a dependent?
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Post by Deleted on Feb 9, 2018 19:09:58 GMT -5
Who else is seeing a positive result of the MAGA tax plan? I will see a reduced income tax, but the elimination of itemized deductions fucks me. Not sure how it is going to shake out yet. The tax calculator says I will pay $38k less next year, but I don’t think that takes in to account the issues of living in commiefornia
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Post by Angelo on Feb 9, 2018 19:30:01 GMT -5
Who else is seeing a positive result of the MAGA tax plan? I am! Seriously I am actually on 3 fronts. 1. Now if any of the odd jobs I do add up to enough I have to actually owe taxes (outside the insurance mandate fine), the new QBI deduction gives me another 3k before I owe anything. 2. The new QBI deduction applies to Trusts also which opens up a really nice incentive to get someone I know to invest in a kitchen add-on for a local bar. 3. The surprising big one for me as of the beginning of this week when someone expressed interest and I was surprised it never crossed my mind yet. The new changes to asset depreciation have given me something else to offer up along with equity/debt for investors. For instance on the remaining that I have to raise for my current proposal, I am able to given them at least a quarter of the remaining value as an immediate tax deduction to them. My luck may not change this year either, but at least I have new ways to incentivize investments for a few years.
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Post by Deleted on Feb 9, 2018 21:57:49 GMT -5
Jesus, shut up Jackel. You've been claiming to be opening a restaurant or some stupid scheme since you stopped whining about Penn State screwing you. Put up or shut up. Actually, jist go away from these threads and hand out in the cooking thread only.
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Post by daywork on Feb 9, 2018 22:25:03 GMT -5
Who else is seeing a positive result of the MAGA tax plan? Yes Sir I am. I won't be getting money back, but I'll be saving/not paying about $100k. I'm very excited about that. I just had a meeting with my accountant last week and they were going over all the area's I'll be saving at. It was a good meeting.
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Post by locogato11283 on Feb 9, 2018 22:57:35 GMT -5
That’s awesome. I’m fucking pumped.
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Post by adamg01 on Feb 9, 2018 23:04:01 GMT -5
Jess got hers done their official starting process date. She filed as soon as she could and her return was one of the lucky ones chosen to be processed by the IRS early for some new thing they were doing a trial of. Got her state back in 2 weeks I think and her Fed in a couple days. I got stuck with the insurance fine and got nothing back. Does she claim you as a dependent? It’s still early but this is my nomination for POTY.
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Post by Angelo on Feb 10, 2018 1:41:48 GMT -5
Jesus, shut up Jackel. You've been claiming to be opening a restaurant or some stupid scheme since you stopped whining about Penn State screwing you. Put up or shut up. Actually, jist go away from these threads and hand out in the cooking thread only. I've said I've wanted to, I've only tried to open three though. Most of my legit proposals have not been for restaurants because of the nightmare it is to keep them running, especially in an area like this. You should read my post more instead of skimming them. The first one, I actually got funded, but was location dependent and the location was leased literally the day before I secured the capital. The second I got funded, but completely walked away from because the best agreement I reached, I would have been making 20k/yr for 4 years working a mandatory 65hr+/week for 51 weeks a year (which because of outstanding debt that starts getting paid when I have declared income again means under 9k/year). Now I'm against the minimum wage, but I'm not working that kind of schedule in that kind of job for under it. The third I've been working on and off for the last 2 years, finally started proposing it over the last roughly 4 months. Been hard because investors were actually being extra cautious because they were worried about the way the new tax plan would shake out, along with the constant growing difference between increase in cost and acceptable consumer cost in the industry. One person was willing to fund it straight out but they wanted to launder over double expected revenue a year and there is just no way to safely put that on the books. I managed to get a legit 50k pretty damn quick for 5% equity though, but still need the rest. Three people who turned down funding the rest want to meet with me soon because of the new tax plan actually which makes the whole thing a better safer investment now. The remaining investors, on top of equity will get split between them proportionate to the amounts an immediate $50k+ in tax deductions (spread out over the timeline they desire) which hopefully is an added incentive. Also over the last 2 weeks amended the proposal for two new sources of revenue that the location will be able to generate. For all my fuckups, 2014 is where I really screwed up. I basically let myself get scammed, and I was so desperate to be working and providing I didn't protect myself. 150 million and I didn't get a single fucking penny, and I burned pretty much every bridge I had and honestly I think that was the end of me being able to be useful or contribute in the world as it is today. Now I have to rely on rich people making outrageous demands that are not sustainable, reasonable, or feasible, or even legal.
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Post by Deleted on Feb 10, 2018 7:05:34 GMT -5
Jesus, shut up Jackel. You've been claiming to be opening a restaurant or some stupid scheme since you stopped whining about Penn State screwing you. Put up or shut up. Actually, jist go away from these threads and hand out in the cooking thread only. I've said I've wanted to, I've only tried to open three though. Most of my legit proposals have not been for restaurants because of the nightmare it is to keep them running, especially in an area like this. You should read my post more instead of skimming them. The first one, I actually got funded, but was location dependent and the location was leased literally the day before I secured the capital. The second I got funded, but completely walked away from because the best agreement I reached, I would have been making 20k/yr for 4 years working a mandatory 65hr+/week for 51 weeks a year (which because of outstanding debt that starts getting paid when I have declared income again means under 9k/year). Now I'm against the minimum wage, but I'm not working that kind of schedule in that kind of job for under it. The third I've been working on and off for the last 2 years, finally started proposing it over the last roughly 4 months. Been hard because investors were actually being extra cautious because they were worried about the way the new tax plan would shake out, along with the constant growing difference between increase in cost and acceptable consumer cost in the industry. One person was willing to fund it straight out but they wanted to launder over double expected revenue a year and there is just no way to safely put that on the books. I managed to get a legit 50k pretty damn quick for 5% equity though, but still need the rest. Three people who turned down funding the rest want to meet with me soon because of the new tax plan actually which makes the whole thing a better safer investment now. The remaining investors, on top of equity will get split between them proportionate to the amounts an immediate $50k+ in tax deductions (spread out over the timeline they desire) which hopefully is an added incentive. Also over the last 2 weeks amended the proposal for two new sources of revenue that the location will be able to generate. For all my fuckups, 2014 is where I really screwed up. I basically let myself get scammed, and I was so desperate to be working and providing I didn't protect myself. 150 million and I didn't get a single fucking penny, and I burned pretty much every bridge I had and honestly I think that was the end of me being able to be useful or contribute in the world as it is today. Now I have to rely on rich people making outrageous demands that are not sustainable, reasonable, or feasible, or even legal. lol. I should read your posts more? Did I mention, lol?
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Post by Deleted on Feb 10, 2018 9:15:02 GMT -5
Filed last Saturday. Federal return arrived this morning.
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Post by Deleted on Feb 10, 2018 23:36:47 GMT -5
Who else is seeing a positive result of the MAGA tax plan? Yes Sir I am. I won't be getting money back, but I'll be saving/not paying about $100k. I'm very excited about that. I just had a meeting with my accountant last week and they were going over all the area's I'll be saving at. It was a good meeting. How are you saving $100k? Is the new structure more friendly to retained earning or is it just the corporate tax rate? I have not seen my cpa yet, so I am curious if the impact
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Post by Deleted on Feb 10, 2018 23:37:54 GMT -5
Filed last Saturday. Federal return arrived this morning. How did you claim your bitcoin earnings? Is it straight income or capital gains?
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Post by Angelo on Feb 10, 2018 23:46:47 GMT -5
Filed last Saturday. Federal return arrived this morning. How did you claim your bitcoin earnings? Is it straight income or capital gains? Oh fuck, that has to be a nightmare nowadays since you are are responsible for taxes at he moment of exchanging between cryptocurrencies without touching USD now since no longer a 1031 exchange. If I remember right though, Tony had a bulk of his under a year so it would just be standard income rather than capital gains rate. Since it is finance based earnings though and over 207k, he doesn't qualify for the 20% QBI deduction sadly.
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Post by Deleted on Feb 11, 2018 1:24:31 GMT -5
Filed last Saturday. Federal return arrived this morning. How did you claim your bitcoin earnings? Is it straight income or capital gains? Capital gains. The btc sold for usd was six years old.
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