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Old 12-21-2017, 09:08 AM   #40
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Join Date: Jul 2014
Location: Huffman, TX
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Quote:
Originally Posted by DaveC View Post
The above calculator shows I'll keep ~7k with the new plan.
(I'm not banking on it, but it would be nice no doubt. )

I started stabbing in random elevated numbers into the calculator and never saw where the savings wasn't on the positive side.

It might be there, but I didn't see it.
Thats the thing about taxes a lot of people look over. If your in a bracket that looks like the percentage increased, then you still saved on the first bracket you went through.

Youre taxed per bracket. So lets say you make 150k a year. Youre taxed 15% on the first 50k, 23% on the next 50k and 25% on the last 50k. Its not one rate across the board. Thats where the liberals are having a fit saying the wealthy are still saving money. Of course they are, thats the way its always worked. Its rediculous they are trying to spin this negatively.

Its a win for everyone. They need to get over it.

(All numbers where fictional and for demonstration only)

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