brightnorm
Flashaholic
- Joined
- Oct 13, 2001
- Messages
- 7,160
I had my taxes done Monday, saw what I owed Uncle Sam and asked my accountant "where are the tax cuts?". He said I didn't make enough to see any real cuts, though the continued increase in maximum IRA contributions was at least something. Meanwhile, despite low inflation my apartment maintenance has gone up, necessary repairs cost more, and with my salary the same as last year I'm looking at a net decrease in income.
I also noticed that a particularly painful tax increase that inexplicably has gone unmentioned over the years by both Republicans and Democrats has not been addressed. Formerly you could deduct unreimbursed medical expenses if they exceeded 5% of your gross income. Then, very quietly it was raised to 7.5%, a 50% tax increase. Not a peep from Left or Right.
My friend Tom's sister who is a successful corporate lawyer made over $900,000 in 2003 and said that she felt that tax policy was "going in the right direction".
I shouldn't complain because all things considered I'm in relatively good shape, but I still want to know:
What tax cut?
Brightnorm
I also noticed that a particularly painful tax increase that inexplicably has gone unmentioned over the years by both Republicans and Democrats has not been addressed. Formerly you could deduct unreimbursed medical expenses if they exceeded 5% of your gross income. Then, very quietly it was raised to 7.5%, a 50% tax increase. Not a peep from Left or Right.
My friend Tom's sister who is a successful corporate lawyer made over $900,000 in 2003 and said that she felt that tax policy was "going in the right direction".
I shouldn't complain because all things considered I'm in relatively good shape, but I still want to know:
What tax cut?
Brightnorm