Reply to Are you going to accept your Trump tax cut? (NOT A POLITICS THREAD)

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Reply to "Are you going to accept your Trump tax cut? (NOT A POLITICS THREAD)"

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[quote=Anonymous][quote=Anonymous]First off, if you want to argue about the politics of it, take it to the politics forum... I'm asking because I read this piece: https://www.washingtonpost.com/business/2025/07/25/trump-tax-law-rich-liberals/

It's been really hard to figure out exactly how much I'll be gaining, but we have a HHI over $350k and every "calculator" says this will be a significant plus, but I haven't been able to figure out if that means in dollars and cents. I think most of the calculators are aimed at showing how most americans (ie, not a HHI of $350k+) will lose out, but I'm really curious to see what it translates to in dollars and cents. One calculator suggested I'll have at least a $30k benefit—but I think that means in terms of reducing my taxable income.

Either way, I think it's a disaster of a bill, but I realize that when we talk about how it will benefit the wealthy and hurt the poor, I'm someone who will be benefitting it. I don't mind getting extra money, but it sure doesn't feel right. As most of you know, even having a high HHI doesn't mean you don't NEED the money for something, so I suspect I'll just keep it (probably not spend it on anything extra), but does nayone have plans to donate?[/quote]

It's a disaster of a bill, but I will accept whatever tax cuts I get (or rather that continue on, since they are already mostly in place).  I will also happily accept the $15M estate tax exemption and utilize it soon to capitalize on that for both of us.  I hate the bill, but I already pay a shit ton in taxes.  Those of us with W2 and interest income don't "hide our money", we pay top rates, so we pay plenty
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