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Reply to "BBB - tax impact"
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[quote=Anonymous][quote=Anonymous]You may be using the Post calculator wrong. I was playing with it last night with an income of 350k, kids now adult and then their model incomes. I came out with +12k and was like WTF? And then I started reading the reasons for my tAx “cut” and ran the other calculators and realized +12k means 12k less in taxes (extra take home), not 12k more in taxes. I think the calculator is counterintuitive and should just say “you save/pay extra). Is it possible you are making the same assumption I was— getting a positive tax number and assuming it meant more taxes. Very poorly designed. I also couldn’t adjust it to VA or MD. Which— come on. If you won’t give us all the state and least make it work for the DMV. [/quote] Ah you are right, it is poorly designed. End rant. I have been through tax bill changes many times before, but never saw such a crazy change. I thought it was extreme that my coworker had to pay 5k in extra taxes with changes to SALT during Trump's initial tax cuts (and remember how stressed she was about it).[/quote]
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