General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAn extra $44/month!!!!1!!!!!!!!
THANK YOU PRESIDENT TRUMP, FOR YOUR TAX PLAN!
Think you can help me out with this $5,000 medical bill too?
Ilsa
(61,698 posts)tell you, "It's better than nothing," but we know that isn't true.
LuckyCharms
(17,458 posts)44x12=$528 extra in paychecks per year.
I also keep a spreadsheet that predicts the amount of my refund next year.
That amount dropped by apx $500. I always use this refund as a mechanism to pay the portion of my property taxes due in January.
So I get an extra $528 in paychecks, but my refunded amount drops by $500. Seems like a wash to me.
yallerdawg
(16,104 posts)The 1% get the breaks, and the rest of us pay for them.
Of course, the corporation tax cut and "repatriation" of shell-game money has cost us $1.5 trillion in new national debt - but our kids and grandkids get to pay for that, so we did get a little break, didn't we?
Ilsa
(61,698 posts)in a few years. With the federal government cutting life-saving social programs, your local (and/or state), could increase to cover deficits. I guess that depends on whether your state is a net giver or taker of funds to the federal government.
gratuitous
(82,849 posts)And what will you gain for the princely sum of an extra $28 a year? Well, your schools are going to fall apart a little more. Your roads will acquire another pothole or two per mile. Contacting government agencies for services will take a little longer, and in some cases a lot longer, but your time isn't worth very much to the people who will be getting considerably more than $28 annually from the tax cut, nor are they all that worried about public schools and other infrastructure.
secondwind
(16,903 posts)J_William_Ryan
(1,756 posts)Pachamama
(16,887 posts)dchill
(38,532 posts)will eat that 44 bucks before breakfast.
Vinca
(50,303 posts)hatrack
(59,592 posts)$4.00 for a little 6-oz pack. Sheesh.
burnbaby
(685 posts)we were not suppose to get our increase until February?
LuckyCharms
(17,458 posts)titaniumsalute
(4,742 posts)They are starting to alert employees what the new structure will be.
barbtries
(28,811 posts)because at work i'm told that the IRS has not prepared the schedules yet and the withholding is the same so far.
LuckyCharms
(17,458 posts)I just compared this stub to the one previous.
barbtries
(28,811 posts)it's not happening for us yet. Finance said they didn't have enough information to implement it.
okay by me. when it comes time to do my taxes I don't want to owe any.
LuckyCharms
(17,458 posts)barbtries
(28,811 posts)i guess they're not keeping up at my work, or my info is out of date.
fescuerescue
(4,448 posts)But not all payroll services have implemented them yet. They have until 2/15/18
https://www.irs.gov/newsroom/updated-2018-withholding-tables-now-available-taxpayers-could-see-paycheck-changes-by-february
https://www.irs.gov/pub/irs-pdf/n1036.pdf
barbtries
(28,811 posts)my company uses a payroll service. thank you
B2G
(9,766 posts)Need to look.
LuckyCharms
(17,458 posts)no change on my pay checks. next pay day is 2/2 will know by then I hope
MiniMe
(21,718 posts)I hate when they mess with the withholding tables.
hexola
(4,835 posts)$2.95 in PA today.
dawg
(10,624 posts)money - the equivalent of living larger because you are running up your credit cards.
And we're not just running up the nation's credit card in order to increase our own current lifestyle; we're mostly running it up to shower even more cash onto the wealthy.
Yavin4
(35,445 posts)And do you remember what happened after that?
Mendocino
(7,505 posts)me a cup of coffee at a Speedway.
THANK YOU TRUMP-HOLE!!!!!
Iggo
(47,565 posts)Deporting 800,000 Dreamers gonna clear me a sawbuck a week?
Round 'em up!
Yee-fucking-haw!!!
haele
(12,676 posts)You must be making more than me.
Of course, I don't claim any exemptions because my company has profit sharing at the end of the year and spouse is on SSDI, and those two things always f***s our taxes up if you don't keep on top of it.
Yes, we usually get $1000 or so back from the Feds on average, which goes into paying off the Student Loan. This year I'll be getting ~ $800, because the kid dropped off our medical insurance and finally got a job.
I might actually end up owing next year, when I can't claim my Student Loan interest any more.
Of course, they might get rid of SSDI for anyone who can't get out of bed or isn't otherwise in a coma - which would be less of a tax burden. But since spouse can't work more than maybe a week a month without serious pain and deterioration to his health, it will be a wash - I'd rather take the tax hit every year and keep the monthly SSDI that pays for his out of pocket health costs and our housing.
Haele