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Man that SALT deduction woulda been nice. Woulda been atleast 4 grand back in taxes this year for us. We never got a tax break under Trump cause the Lower rates in our income plus child credit were cancelled out by the SALT deduction loss. Trumps tax cuts were non-existent for us.
The easy solution would be to re-instate a SALT deduction but cap it to like $50k… and cap the ability to deduct it based at an income threshold of say… $400k. That way it costs less.. but helps out people in the middle class in big cities. And yes… $200-400k is middle class in most big cities if you got a few kids and want to live in a decent neighborhood.
Remote work is gonna drive people out of blue states if they don’t throw us a bone. A handful of people at my company have moved out of state since we officially went remote permanently. If we hadn’t bought our house in 2011 at the bottom of the market I think we would already be gone.
Biden is truly trying hard to get creamed ...
ucked over the Donor Class too. Because the SALT deduction restoration was in that bill.
HunterTits prediction: Manchin switches parties in the next year or so.
HunterTits prediction: Manchin switches parties in the next year or so.
We still have 10 days left. My fingers are crossed and I'd like another year to max out a 401K and Mega back door Roth.
You can put up to 67.5K (single filer) in those two tax shelters alone depending on your age next year. Not to mention others like HSA etc.
If you don't get killerated by the Guv before you can enjoy the Caligulan retirement plunder.
I am looking at a total tax rate of 40% at least when my six month waiting period post-IPO ends for my RSU vesting
Without Manchins they still have enough votes. Why are they looking for his vote!
401k with rollover to roth?
https://www.msn.com/en-us/money/smallbusiness/manchin-said-no-to-build-back-better-how-thatll-ripple-through-sba-backed-lending/ar-AAS08ud?source=patrick.net