Thanks Trump

[Racer Boy]

Originally Posted by jsceash

That comes out to $233 per pay split between my wife and myself. How is that not a windfall for the economy.

Short term, it may well be a windfall for the economy. Long term, what about the gigantic deficits created by the lower tax revenues?

For me, the biggest problem with the tax plan was that the IRS lowered withholdings without letting anyone know. I'm one of the lucky few who's tax rate actually increased (a very small percentage got screwed, and lucky me, I'm one of them!), but my withholding was decreased, so I ended up owing a lot more. In fact, since I didn't withhold enough, I also got socked with a nearly $900 penalty. I think Trump is a venal, dangerous, toxic nitwit, but my feelings toward him dipped even more when I wrote out the check for over $8000 to the IRS.

[steved0x]

Originally Posted by Racer Boy

...but my withholding was decreased, so I ended up owing a lot more. In fact, since I didn't withhold enough, I also got socked with a nearly $900 penalty.

That happened to me one year when I did a lot of contracting and I owed around $5000 extra at tax time. There would have been an underpayment penalty, but since I hadn't manually decreased my withholding from the previous year, there was no penalty for underpaying for *that* year, but I had to increase my withholding for the following year or I would get a penalty next year. So maybe, since this occurred with no changes by you, you can get out of it?