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capitals1

Joined: 9/19/03 Posts: 20815
Likes: 1789


Yes 80 percent paid less in taxes


But 3 million more people will write a check than last year because of under withholdings..I'm gonna take a wild guess that most of these people didn't plan for this..and most expected a bigger refund that they depend on each year. So, the IRS is blaming the individuals of course..they say they should have changed their exemptions. How would we know to do this? What normal working stiff would have thought this would be a problem?

My question is why would we have to change our exemptions? The withholdings should have been on the same scale as before relative to the tax brackets, unless the govt wanted to make it look like a bigger tax break than it was.

(In response to this post by VaAkita)

Posted: 02/12/2019 at 1:12PM



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Current Thread:
 
  
CPA: What % of your clients are actually paying more? -- VaAkita 02/12/2019 12:10PM
  Yes 80 percent paid less in taxes -- capitals1 02/12/2019 1:12PM
  You don't sound snarky. -- MP4VT2004 02/13/2019 12:50AM
  I understand your premise -- RTFC 02/13/2019 10:19AM
  That's not how I understood it -- RTFC 02/12/2019 4:26PM
  Sorry, I didn't explain it very well. -- MP4VT2004 02/13/2019 12:57AM
  Media spinning it ** -- DaveVT 02/12/2019 12:36PM

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