Quote:
Originally Posted by bigalbert
I don’t even know wether I’m in that or not but I pay right close to 6 figures and I never complain about a tax cut. I can now only present my case from my personal experience.
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Quote:
Originally Posted by bigalbert
I’m prolly upper middle class and I saved 3700.
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If both of those comments about your tax liability and tax cuts are true - you got "screwed" by the Trump tax cuts. I know, I know - any tax cut which puts money back in your pocket (especially if it is indeed $3700) is a "win," but your Trump tax cut was
below the average tax cut for your income level.
However, I am guessing that your memory is a little foggy on the numbers - after all, a few years have passed since you had to file those tax returns.
PS: And, of course, there could be valid reasons why your tax cut was less than the average tax cut. One of the modifications that was made at that time was to cap certain deductions - so if you (or your accountant) was really good at claiming deductions under the old rules, that could explain the lower number vs the average.