I remember the first tax bill after my wife and I got married. We were both well established in our careers and all of our children are grown. We learned about the marriage penalty first hand. Ouch.I am confused. You want a return. I would go for the lets break even part. You do not get to keep my money interest free and then make me jump all these hurdles and loopholes to get my money back.
Return. Trying to remember our last one and danged if I can.
I am confused. You want a return. I would go for the lets break even part. You do not get to keep my money interest free and then make me jump all these hurdles and loopholes to get my money back.
Return. Trying to remember our last one and danged if I can.
Are you using actual mathematics learned in 2nd grade to prove your point? This IS 2019 after all, to the re-education facility with you!
I am curious. What is the one half social security deduction you speak of ?
????
I know, I missed out on the core math stuff. The size or lack of a refund doesn't necessarily have anything to do with how much you actually paid. Now I understand it's a bit more complicated if you don't get a W2, pay estimated taxes quarterly, etc., but the concept is the same.
Uh, oo one has claimed otherwise, at least not in any posts I've read or have written. You're arguing against points not made. Here's some simple math. $2700-1200=$1500 less taxes paid. Not $2700 less.
So when Trupers got their first paychecks after the new withholding took effect, they be like, "Whoohoo!. Holy **** and praise lord Trump for in the face of our enemies the Democrats, he hath delivered our hard earned dollars into our hands, yet in non-peanut form, as the she-devil hath falsely fore-warned." But lo, tax time cometh, and the people found their taxes contributions falleth short of the goal. Behold the larger checks they write, because the IRS appears to have failed to calibrate the withholdings to the new tax schedules. So the savvy and honest people, having properly deduced reality, be like, "Ah, crap. Instead of my tax burden from the year being $2700 less, like I projected from my first paychecks, and believed my tax break wasn't peanuts, it's only $1500 less, which is $1200 closer to peanuts than I thought." (of course that's only using your numbers. I haven't done my taxes yet so I don't know mine. But it's fun so..
Joking aside, I don't really blame people back then for their initial exuberance. It's reasonable to think that the the withholding would be scaled to the new tax schedules, and that the new withholding rate should represent the actual tax reduction a lot more closely. I looked at my withholding after the tax law went into effect. It did not look like I needed to update my W4. But with all the complaints I'm seeing about people having a much lower net than they're used to getting, I'm concerned that I'll be writing a much bigger check than I usually do, and so I'll wait until mid-April to do my taxes.
Uh, oo one has claimed otherwise, at least not in any posts I've read or have written. You're arguing against points not made. Here's some simple math. $2700-1200=$1500 less taxes paid. Not $2700 less.
So when Trupers got their first paychecks after the new withholding took effect, they be like, "Whoohoo!. Holy **** and praise lord Trump for in the face of our enemies the Democrats, he hath delivered our hard earned dollars into our hands, yet in non-peanut form, as the she-devil hath falsely fore-warned." But lo, tax time cometh, and the people found their taxes contributions falleth short of the goal. Behold the larger checks they write, because the IRS appears to have failed to calibrate the withholdings to the new tax schedules. So the savvy and honest people, having properly deduced reality, be like, "Ah, crap. Instead of my tax burden from the year being $2700 less, like I projected from my first paychecks, and believed my tax break wasn't peanuts, it's only $1500 less, which is $1200 closer to peanuts than I thought." (of course that's only using your numbers. I haven't done my taxes yet so I don't know mine. But it's fun so..
Joking aside, I don't really blame people back then for their initial exuberance. It's reasonable to think that the the withholding would be scaled to the new tax schedules, and that the new withholding rate should represent the actual tax reduction a lot more closely. I looked at my withholding after the tax law went into effect. It did not look like I needed to update my W4. But with all the complaints I'm seeing about people having a much lower net than they're used to getting, I'm concerned that I'll be writing a much bigger check than I usually do, and so I'll wait until mid-April to do my taxes.
Maybe you’re misunderstanding or I’m misunderstanding. Because what you’re saying doesn’t really have anything to do with what I’m saying.The personal tax cuts are the small game, and some are going to pay more; I believe I'm in that catagory. The bigger picture is the corporate tax rate, and will produce positive results, over time. The key words being "over time". Give it a chance to work.
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