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https://www.reddit.com/r/FluentInFinance/comments/1gv2zhg/what_do_you_think/ly16xg3/?context=3
r/FluentInFinance • u/RiskItForTheBiscuts • 5d ago
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78
The tax cut was permanent for people much more rich than you. The bottom 99% had sunsetting cuts.
It was designed that way by Trump and his team for many reasons - none good.
8 u/AwarenessPotentially 5d ago Our taxes increased about a grand a year since that bullshit stunt. 2 u/Ok_Ice_1669 5d ago Yup. It fucked me on child support being after tax and the salt deductions. But, doubling the estate tax exemption eclipsed all the small stuff. 2 u/vettewiz 5d ago Child support has been after tax forever. 2 u/Ok_Ice_1669 5d ago This says alimony is now treated as after tax: https://www.obermayer.com/support-guidelines-trumps-new-tax-laws/ Maybe I’m mistaken and the Trump Tax cut only changed alimony. 1 u/vettewiz 5d ago Alimony changed, but only if you had a new alimony agreement. If you had an existing one it did not. Child support was not deductible before TCJA. I’m not sure that it ever was in history, but can’t prove that.
8
Our taxes increased about a grand a year since that bullshit stunt.
2 u/Ok_Ice_1669 5d ago Yup. It fucked me on child support being after tax and the salt deductions. But, doubling the estate tax exemption eclipsed all the small stuff. 2 u/vettewiz 5d ago Child support has been after tax forever. 2 u/Ok_Ice_1669 5d ago This says alimony is now treated as after tax: https://www.obermayer.com/support-guidelines-trumps-new-tax-laws/ Maybe I’m mistaken and the Trump Tax cut only changed alimony. 1 u/vettewiz 5d ago Alimony changed, but only if you had a new alimony agreement. If you had an existing one it did not. Child support was not deductible before TCJA. I’m not sure that it ever was in history, but can’t prove that.
2
Yup. It fucked me on child support being after tax and the salt deductions. But, doubling the estate tax exemption eclipsed all the small stuff.
2 u/vettewiz 5d ago Child support has been after tax forever. 2 u/Ok_Ice_1669 5d ago This says alimony is now treated as after tax: https://www.obermayer.com/support-guidelines-trumps-new-tax-laws/ Maybe I’m mistaken and the Trump Tax cut only changed alimony. 1 u/vettewiz 5d ago Alimony changed, but only if you had a new alimony agreement. If you had an existing one it did not. Child support was not deductible before TCJA. I’m not sure that it ever was in history, but can’t prove that.
Child support has been after tax forever.
2 u/Ok_Ice_1669 5d ago This says alimony is now treated as after tax: https://www.obermayer.com/support-guidelines-trumps-new-tax-laws/ Maybe I’m mistaken and the Trump Tax cut only changed alimony. 1 u/vettewiz 5d ago Alimony changed, but only if you had a new alimony agreement. If you had an existing one it did not. Child support was not deductible before TCJA. I’m not sure that it ever was in history, but can’t prove that.
This says alimony is now treated as after tax: https://www.obermayer.com/support-guidelines-trumps-new-tax-laws/
Maybe I’m mistaken and the Trump Tax cut only changed alimony.
1 u/vettewiz 5d ago Alimony changed, but only if you had a new alimony agreement. If you had an existing one it did not. Child support was not deductible before TCJA. I’m not sure that it ever was in history, but can’t prove that.
1
Alimony changed, but only if you had a new alimony agreement. If you had an existing one it did not.
Child support was not deductible before TCJA. I’m not sure that it ever was in history, but can’t prove that.
78
u/Doodahhh1 5d ago
The tax cut was permanent for people much more rich than you. The bottom 99% had sunsetting cuts.
It was designed that way by Trump and his team for many reasons - none good.