[quote=NeetaT]OK, you have to live with Trump for two more years and I have to live with Gavin Newsom for who knows how many more years until my wife’s job here in CA ends and I can move to a low tax state. According to what you guys are saying, Trump will more than likely not get elected again and that should make you happy. Two years goes by fast. All I know is that I keep seeing my taxes go up with no end in sight. High taxes is a result of too many social programs for which I am not an advocate of.[/quote]
And I’ll repeat this again….
How much is your overall 2019 tax going up from 2018 because of the loss of your SALT itemized tax deductions is now capped at 10k
versus
How much is your overall 2019 tax going up due to california state tax increases…
I would guess, the former is much larger of a tax hit than all the state tax increases….
If this bothers you so much, again you are barking at the wrong tree. Do you realize that the GOP/Trump totally screwed over the upper-middle class W2 salaried slaves in high cost states, people like you specifically?
Second, you might move to a lower cost state, but you also need to look into how much you’ll be earning…
If you’re really feeling you are paying way too much taxes, then you probably aren’t spending enough time finding more tax shelters….
And I never said Trump might not get re-elected. I’m more thinking he might….But I’m just wondering why people still think this would be a good thing? Clearly, you’re taxes didn’t go down with Trump in office. They went up. While you are at it, you’re 401k probably now looks like a 301k too and pretty soon may start looking like a 201k…
And you might not need to worry about paying more taxes in 2019. You might have a capital loss now…
