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RE: My deductions were above the line deductions

Posted on: May 12, 2020 at 08:34:47 CT

scan MU

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M.O.B. Votes:

Hey Sparky. I don't do my own taxes. Can you explain to me the difference between and above the line deduction and on that is itemized? Thanks.

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Must say is was fun to watch DJT fold yesterday at presser - raskolnikov MU - 5/12 07:54:42

When hasn’t he folded? - El-ahrairah BAMA - 5/12 07:56:26

He walked out of a press conference - 4TigersinMichigan MU - 5/12 07:58:08

RE: He walked out of a press conference: Obama panics and - BH O'bonga MU - 5/12 09:02:10

lol (nm) - ashtray UF - 5/12 09:10:48

In a 2yr old's pout.(nm) - Toger STL - 5/12 08:14:30

He did cut taxes, well, for some people at least. Nm - SparkyStalcup MU - 5/12 07:57:14

No, tax revenues have went up every year - El-ahrairah BAMA - 5/12 07:59:58

Have went up?(nm) - raskolnikov MU - 5/12 08:15:32

Are you looking at the tax % withheld from incomes or - MIZ45 MU - 5/12 08:14:55

im looking at total tax revenue from American people - El-ahrairah BAMA - 5/12 08:23:44

While I agree that he is (obviously), is that a result of - MIZ45 MU - 5/12 08:42:01

why does that matter? - ashtray UF - 5/12 09:11:56

If you're only looking at your personal financial situation - MIZ45 MU - 5/12 09:28:13

I paid a lot more in tariffs so my income tax savings - ashtray UF - 5/12 09:30:04

Ah, good point about the tariffs. (nm) - MIZ45 MU - 5/12 09:33:47

Revenues were down 9.1% of what they would be under the old - SparkyStalcup MU - 5/12 08:08:49

And that negates the fact that there would not have been - 4TigersinMichigan MU - 5/12 08:09:48

Actually, the tax cut didnt actually spur much growth - SparkyStalcup MU - 5/12 08:12:56

There is no such thing as wrong tax cut. - ummmm MU - 5/12 08:17:05

No, the tax cuts were also aimed at the upper class - SparkyStalcup MU - 5/12 08:19:47

It didn’t put money in their pockets - El-ahrairah BAMA - 5/12 08:27:54

Semantics aside, the tax cut did not move the needle much - SparkyStalcup MU - 5/12 09:09:52

Yeah, it was also aimed at middle class people too. - ummmm MU - 5/12 08:24:15

Overall tax receipts went up because of population growth - SparkyStalcup MU - 5/12 09:17:59

so you must have had that econ professor that - ashtray UF - 5/12 09:20:23

Apparently you did have that professor, which is why you - SparkyStalcup MU - 5/12 09:27:32

I didn't say "always" - ashtray UF - 5/12 09:30:55

For me and probably you(nm) - hefeweizen MU

- 5/12 07:58:35

I actually paid more the last 2 years than I would have - SparkyStalcup MU - 5/12 07:59:35

Then you must be rich(nm) - hefeweizen MU

- 5/12 08:00:35

No, I'm not rich. If I were rich, I would have had my taxes - SparkyStalcup MU - 5/12 08:02:15

I'm not rich either and my taxes were cut. You must - hefeweizen MU

- 5/12 08:09:56

Maybe you're just poorer than you realize (nm) - Da_Haze KC - 5/12 08:42:34

Maybe. Did I mention I'm going on vacation in 3 weeks - hefeweizen MU

- 5/12 08:54:30

You did not have enough of those to eclipse the increase - 4TigersinMichigan MU - 5/12 08:03:30

My deductions were above the line deductions - SparkyStalcup MU - 5/12 08:10:07

RE: My deductions were above the line deductions - scan MU - 5/12 08:34:47

Above the line means deductions made to arrive at - SparkyStalcup MU - 5/12 09:53:01

RE: Above the line means deductions made to arrive at - scan MU - 5/12 09:55:37

Most deductions are itemized. There are a few that are not n - SparkyStalcup MU - 5/12 10:42:36

It really could only happen if he started making - 4TigersinMichigan MU - 5/12 08:01:37

People with kids had their taxes cut far more - SparkyStalcup MU - 5/12 08:17:31

Unless your financial condition changed significantly - 4TigersinMichigan MU - 5/12 08:00:26