The Trump Tax Cut: Even Worse Than You’ve Heard

[Jim in CT]

Originally Posted by detbuch

Doing my taxes now. I'm getting almost twice as much refund than last year, and my monthly take home pay has comfortably increased. And I'm barely, if that, in the lower end of the "middle class," whatever that is.

Liar!!

[Got Stripers]

Lots of blame to go around and Trump and the GOP own their fair share.
They certainly are willing to add to the problem, without much talk about that problem. The fing wall is more of a problem to them and it certainly isn't anywhere near the magnitude of the deficit IMHO; not even in the same ballpark.

I'm retired so I can't comment on income, since I have none, but at a risk level of 3, I still have a long way to go to regain all the money I lost out of my retirement accounts. So the tax cut did zip for me, the stock market dive eat away a lot of my savings and even though I'm gaining some of those losses back; not even close to where I topped out before the correction started.

[Jim in CT]

Originally Posted by Got Stripers

Lots of blame to go around and Trump and the GOP own their fair share.
They certainly are willing to add to the problem, without much talk about that problem. The fing wall is more of a problem to them and it certainly isn't anywhere near the magnitude of the deficit IMHO; not even in the same ballpark.

I'm retired so I can't comment on income, since I have none, but at a risk level of 3, I still have a long way to go to regain all the money I lost out of my retirement accounts. So the tax cut did zip for me, the stock market dive eat away a lot of my savings and even though I'm gaining some of those losses back; not even close to where I topped out before the correction started.

The S&P500 is less than 5% off it's all-time high. If you lost a lot more than that and you're retired, (1) I am sorry and hope you get it all back and then some, but (2) that's more your advisor's fault and not so much Trumps.