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Hometown: West Berlin, NJ
Home country: US
Current location: Ledyard, CT
Member since: Wed Dec 16, 2015, 04:14 PM
Number of posts: 5,252

Journal Archives

New tax law results for my household

This has been a topic since the tax law was passed.

I have been looking forward to filing my taxes so I could provide some my personal experience under the new tax laws.

A little background info. My household is solidly middle class. I work full time and my wife works part time. We have 2 children in college and 1 in high school. We live in CT which means we could have pontentialy been hit by the 10k SALT cap. As it turns out we did not hit the 10k SALT cap so that did not come into effect. Also, our itemized deductions did not exceed the 24k standard deduction.

I have already mentioned that the new withholding tables resulted in 107 per month less being witheld from my paycheck. Last year my effective federal tax rate was 7.54%. Our income this year was 8% higher than last year. My effective tax rate this year was 6.03.

So overall I am very happy with the results Trump's tax law.
Posted by FreeWheelBurning | Mon Jan 28, 2019, 08:38 PM (6 replies)

As new sin

"Aggresive Standing"

Posted by FreeWheelBurning | Fri Jan 25, 2019, 11:25 AM (0 replies)

6 reasons why Trump's wall funding is in trouble

Lamar Alexander (R-TN)
Susan Collins (R-ME)
Cory Gardner (R-CO)
Johnny Isakson (R-GA)
Lisa Murkowski (R-AK)
Mitt Romney (R-UT)

They just voted to support a bill with no wall funding.

To add - Mike Lee & Tom Cotton voted against the bill that had funding.
Posted by FreeWheelBurning | Thu Jan 24, 2019, 05:03 PM (13 replies)

A 2nd Amendment oddity

As a result of a disucussion in a seperate thread, I decided to read up on what the Supreme Court has ruled regarding gun registration.

Based on the limited cases I reviewed, at this time the only citizens that are constitutionaly protected from a requirement to register their guns are felons.
Posted by FreeWheelBurning | Tue Jan 8, 2019, 01:42 PM (10 replies)

Thoughts on Trump potentially declaring a state of emergency to get his wall

I have just started researching this a bit in order to determine if he has legal authority to spend money on the wall under such a declaration. From what I have read so far, he does.

I do have two problems with this approach though. First, while I support a wall, along with other actions to curb illegal immigration, I do not think the current status of the southern border qualifies as a national emergency. Second, I think this sets a bad precedent that will be used in the future for policies that I do not agree with. What's to stop a future president from saying national health care or gun control is a national emergency?

Posted by FreeWheelBurning | Tue Jan 8, 2019, 09:59 AM (61 replies)
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