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The Leopard is Eating my Face!!! A discussion of the 2018 tax reform ****ing the middle class. The Leopard is Eating my Face!!! A discussion of the 2018 tax reform ****ing the middle class.

02-20-2019 , 04:08 PM
I've always loved coding in connection with my gaming hobbies (writing bots/scripts to handle tedium), but at the ripe old age of 36 feel like it's too late to make the hard swap from small business accounting to tech. If nothing else, I'd have to take a massive pay cut in the process.

Last night I spent 2 hours watching a GDC talk from some British guy talking about his experience as an indie game dev. I have no particular interest in that field and am sure there's more money in the safety of business applications, but the act of creating something from nothing and seeing it fulfill a purpose is always great. I created some true masterpieces when I was heavily into Ultima Online.

Bootcamps are generally pretty expensive, but if they do effectively compress 4 years of education into 18 weeks or whatever the claim is, then that's probably a good value for people looking to break in on the ground floor somewhere.
02-21-2019 , 12:31 AM
The leopards somehow...didn't eat my face? Despite being in CA, I guess not owning a home and getting a child tax credit means I'm about $800 less total taxes paid despite a decent bump up in income. Whatevs, would definitely pay that much to get rid of Trump.
02-21-2019 , 12:34 AM
Quote:
Originally Posted by MrWookie
The leopards somehow...didn't eat my face? Despite being in CA, I guess not owning a home and getting a child tax credit means I'm about $800 less total taxes paid despite a decent bump up in income. Whatevs, would definitely pay that much to get rid of Trump.
The Republic Tax bill ****ed married homeowners with children in blue states who own homes. You don’t check enough of those boxes. It’s really SALT/Homeowners that got ****ed.
02-21-2019 , 12:39 AM
At least once a day I’m setting up a 1040 and see they had 30-40k on schedule A in 17

18. Standard deduction


Capping state income tax and prop tax at 10,000 is fuuuuuuucking people up.
02-21-2019 , 12:47 AM
Quote:
Originally Posted by jman220
The Republic Tax bill ****ed married homeowners with children in blue states who own homes. You don’t check enough of those boxes. It’s really SALT/Homeowners that got ****ed.
Yeah, I thought I had enough boxes checked to owe more (my estimation would be slightly more in absolute and percentage terms, not that I would be getting hosed), but renting instead of owning is a big one I didn't.
02-21-2019 , 01:11 AM
SALT/Homeowners are massive hits.

Inability to deduct unreimbursed professional expenses hit a lot of highly salaried coastal professions (lawyers/consultants/doctors/engineers with continuing education of various sorts).

The give and take between AMT, deductions, and exemptions were clearly rigged to **** over people making low six figures... again ****ing over blue state white collar professionals.

The GOP transparently rigged the bill to **** over blue states. They don't care those blue states got Republicans too. They just wanted to siphon as much of the limited tax cut to red states as possible and strengthen their base.

But then they ****ed up withholding and now even fewer people will "feel" like they got a tax cut even though almost all the tax cut was in fact on the individual side... and siphoned to the GOP base.
02-21-2019 , 07:41 AM
My taxes are going down a good bit, but I'm a business owner in KY who gets the majority of his income in dividends from his S-Corp. I also am not a home owner so I couldn't even get boned there.
02-24-2019 , 05:15 PM


thanks trump
02-24-2019 , 05:37 PM
AMT, tho?

That looks like NY/NJ/CT/CA to me, mission accomplished!
02-24-2019 , 06:13 PM
no AMT either year. average tax rate up about 1.5 percentage points.
02-24-2019 , 09:23 PM
Wait you paid $165k in state income tax? Dammmm
02-24-2019 , 10:30 PM
Quote:
Originally Posted by suzzer99
Wait you paid $165k in state income tax? Dammmm
Yeah, I’m actually amazed that someone in his income bracket didn’t benefit from this tax cut. He actually is the “rich” this was targeted at.
02-24-2019 , 10:33 PM
I also hate it when I used to take home $1.2M/year and now I only take home $1.05M/year. They are really screwing over the middle-class.
02-24-2019 , 11:40 PM
Single filer. Software engineer in NYC. Made 14k more but in same tax bracket. Effective tax rate up 0.15% due to lowered deductions this year. (10k SALT cap FTW).

Bunch of people at work at lit at the tax situation. A deplorable on my team "hopes" this leads local Ds to rein in spending and cut taxes!!!

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02-24-2019 , 11:50 PM
Quote:
Originally Posted by synapse
Single filer. Software engineer in NYC. Made 14k more but in same tax bracket. Effective tax rate up 0.15% due to lowered deductions this year. (10k SALT cap FTW).

Bunch of people at work at lit at the tax situation. A deplorable on my team "hopes" this leads local Ds to rein in spending and cut taxes!!!

Sent from my Moto G (5S) Plus using Tapatalk
I find "software engineer in NYC with a deplorable on my team" more shocking than econophile's humblebrag tbh (maybe I shouldn't expect NYC to be like the Bay Area in that regard?)
02-24-2019 , 11:55 PM
Quote:
Originally Posted by goofyballer
I find "software engineer in NYC with a deplorable on my team" more shocking than econophile's humblebrag tbh (maybe I shouldn't expect NYC to be like the Bay Area in that regard?)
Demographics, this person is early 50s, family man living in long island. Family connections to businessmen who own Greek diners.
Bay area skews much younger in terms of age. I'd say where I work it's probably 70:30(unscientific extrapolation given most don't talk politics at work).

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02-25-2019 , 12:29 AM
Quote:
Originally Posted by goofyballer
I find "software engineer in NYC with a deplorable on my team" more shocking than econophile's humblebrag tbh (maybe I shouldn't expect NYC to be like the Bay Area in that regard?)
Online gaming is mostly leftists with a solid amount of political rwhitegooses so I'm actually surprised you're shocked by this.

It's a bit depressing when you all talk money because you all do better than me so I feel like I failed; stuck with poker too long I suppose (and still do it more than anything else atm since I got literally no other good ideas for anything to do that's not some min wageish job I'll hate). (unfortunately for me I can't code--that was plan A before I got into poker in the first place) Then again I hate office politics so in the end whatever I guess.
02-25-2019 , 12:56 AM
Quote:
Originally Posted by jman220
Yeah, I’m actually amazed that someone in his income bracket didn’t benefit from this tax cut. He actually is the “rich” this was targeted at.
It depends on how you make the money. About the worst is being a W2 employee. Those type of high earners just get straight up ****ed. Of course, that's probably not a huge population and they're rich, so I'm sure ****ing them is more a feature than a bug.
02-25-2019 , 01:06 AM
Quote:
Originally Posted by wheatrich
Online gaming is mostly leftists with a solid amount of political rwhitegooses so I'm actually surprised you're shocked by this.
Well, I'm shocked given that ten+ years of working as a software engineer in the Bay Area, I don't think I've worked with a single person who's outed themselves as a deplorable.
02-25-2019 , 01:14 AM
Quote:
Originally Posted by suzzer99
Wait you paid $165k in state income tax? Dammmm
Those hot takes about there not being any experts in economics definitely aged well. Sorta like that white supremacist in BFI claiming Google programmers make $70k in NYC.
02-25-2019 , 01:28 AM
"Online gaming is mostly leftists" repeated in colored letters.

Maybe, if pro-choice is your primary definition of leftist or something.
02-25-2019 , 01:38 AM
Quote:
Originally Posted by jman220
Yeah, I’m actually amazed that someone in his income bracket didn’t benefit from this tax cut. He actually is the “rich” this was targeted at.
Nah, econophile is a highly-skilled person doing legitimate work, not the son of a robber baron funneling Qatari oil money through shell companies for the sweet pass-through savings. He was never in their club or the intended target of the tax cuts.
02-25-2019 , 04:48 AM
Quote:
Originally Posted by Lawnmower Man
Nah, econophile is a highly-skilled person doing legitimate work, not the son of a robber baron funneling Qatari oil money through shell companies for the sweet pass-through savings. He was never in their club or the intended target of the tax cuts.
Fair.
02-25-2019 , 11:57 AM
yeahhh online gaming is 75%+ awful people.

And if you don't think there's deplorables in software engineering, get on blindapp.
02-25-2019 , 12:04 PM
I assume it can be dangerous to your career to out yourself as a deplorable in SF, LA, NYC, etc.

However someone over 50 very well might be on their last job and know it, and might feel stable enough to just let it fly.

      
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