The problem is they adjusted the withholding tables back in 2/18 -- fordham 02/12/2019 2:31PMInsert a Link
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The problem is they adjusted the withholding tables back in 2/18 -- fordham 02/12/2019 2:31PM Yes 80 percent paid less in taxes -- capitals1 02/12/2019 1:12PM Keep in mind most of the middle class cuts expire over the next 5 years -- VTSnake 02/12/2019 1:20PM Not true ** -- 133743Hokie 02/12/2019 3:15PM Where did you hear this? ALL of the individual cuts expire in 2028 ... -- vt90 02/12/2019 1:29PM Individual cuts expire at the end of 2025 ** -- hucareshokiesrul 02/12/2019 1:41PM Sorry, I was off by a couple of years. ** -- VTSnake 02/12/2019 2:02PM Wasn't sure if it was 8 years or 10 ... it was because of another law -- vt90 02/12/2019 1:58PM Isn't it the corporate tax cuts that were made permanent? ** -- Hokie360 02/12/2019 1:28PM Sure. The ones that mostly benefit the top 0.1% ** -- VTSnake 02/12/2019 2:06PM Where do you get that?? Those cuts just made our country more competitive -- DonHo-kieHi 02/12/2019 9:14PM Most of their huge tax windfall went to stock buybacks -- VTSnake 02/13/2019 07:10AM Actually they don't as far as their personal taxes go ... -- vt90 02/12/2019 2:15PM How much of the top 0.1% income is traditional though? -- VTSnake 02/12/2019 2:26PM They make income from everywhere ... -- vt90 02/12/2019 2:34PM Yep - the only number that matters is the 'total tax owed' line and that -- vt90 02/12/2019 1:19PM Its more accurate overall. And they wanted people to see $ before election -- hucareshokiesrul 02/12/2019 1:17PM Finally, a reasonable post on this; all the headlines are annoying -- WestyHokie 02/12/2019 12:26PM Those headlines are trying to push a specific narrative (ie tax plan bad). ** -- HokieNoVA 02/12/2019 1:54PM Aren't Roth contributions post tax? How does that lower your burden? -- VTSnake 02/12/2019 1:13PM You are correct, Roth is post tax. ** -- EDGEMAN 02/12/2019 2:32PM I'll let you know Feb. 27 ** -- WestyHokie 02/12/2019 1:31PM Every article I've seen explains why it's happening but describes how -- hucareshokiesrul 02/12/2019 12:44PM 85% paying less, 10% unchanged, 5% paying more is the rough approx ** -- 133743Hokie 02/12/2019 3:20PM Please source. I haven't seen anything stating that most are paying less ** -- VTSnake 02/12/2019 1:14PM Many people never had close to the amount of the new standard deduction -- fordham 02/12/2019 2:35PM Here is an interesting article ... -- vt90 02/12/2019 2:30PM Here's one. From the WaPo... -- Hokerer 02/12/2019 1:44PM The usually include a blurb about how estimates are that 80% or more will -- hucareshokiesrul 02/12/2019 1:38PM Thanks. -- VTSnake 02/12/2019 2:10PM Look up the tax tables for 2018 vs. 2017. Rates dropped. -- MP4VT2004 02/12/2019 1:25PM It is fairly simple math - most (almost all) will have a lower total tax -- vt90 02/12/2019 1:25PM That's the irony; most did pay less, they just didn't think about it -- WestyHokie 02/12/2019 12:57PM Not a CPA, but yes...most regular folk will pay less...however... -- JoesterVT 02/12/2019 12:14PM I checked last year's filing - I had 9k more deductions last year. -- MP4VT2004 02/12/2019 1:18PM Not a CPA and didn't even sleep at a Holiday Inn last night -- RTFC 02/12/2019 2:19PM You don't sound snarky. -- MP4VT2004 02/13/2019 12:50AM I understand your premise -- RTFC 02/13/2019 10:19AM I think he mean's that he's now taxed on it, not a double dip -- VTSnake 02/12/2019 2:51PM Basically correct - by "untaxed" I meant there are no witholdings... -- MP4VT2004 02/13/2019 12:55AM 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 Kind of like adjusting the withholding too much so you can point to bigger -- jmanatVT 02/12/2019 1:31PM I've seen them reporting that people are mad, but they always explain what -- hucareshokiesrul 02/12/2019 1:01PMOur Sponsors
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