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Peacetrain

(22,877 posts) Mon Feb 11, 2019, 02:58 PM Feb 2019

I am asking a question of those who understand tax law a whole lot better than me... [View all]

The number of people who are going to have to pay taxes or get no tax return is going to jump by at least a million..that is middle class/blue collar (a lot of blue collar workers are definitely middle class) ..because they did not change their withholding.. if they did not change anything.. and supposedly we were all shifted to paying less taxes.. would not that mean, people actually should be getting a higher return, because they have less tax to pay on their earnings... I mean I can understand it if someone lowers their withholding..but if they made no changes at all.. this makes no sense..

Taxes are not my forte.. needless to say.. thank GOD my better half is good with that stuff..but he could nt give me an answer either

31 replies

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Highlight:

I am asking a question of those who understand tax law a whole lot better than me... [View all] Peacetrain Feb 2019 OP

I usually do my taxes early... Dennis Donovan Feb 2019 #1

Honestly Dennis..this feels like such a shell game Peacetrain Feb 2019 #2

I entered the job market in the early 80's... Dennis Donovan Feb 2019 #13

Keeping my fingers crossed for you Peacetrain Feb 2019 #25

The amount withheld is usually determined by the employer using a chart given them by the IRS. rgbecker Feb 2019 #3

OHHHH now that makes sense.. I could not figure out how that worked Peacetrain Feb 2019 #4

+1, "Trump's guys at the IRS "' uponit7771 Feb 2019 #7

It was just a withholding cut disguised as a tax cut for most. pwb Feb 2019 #5

This message was self-deleted by its author NCChomskyan Feb 2019 #12

I've always claimed 0 withholding Nictuku Feb 2019 #6

So you've had a net tax increase? Thx in advance uponit7771 Feb 2019 #9

The withholding tables were manipulated to make it look MineralMan Feb 2019 #8

+1, 30 - 40% of American's usually itemized and it'll be the upper half of the middle class that uponit7771 Feb 2019 #10

They knew it was a full on screw job, they just kicked the can past Nov 2018 Cosmocat Feb 2019 #11

Exactly! MineralMan Feb 2019 #14

They ARE pissed. dixiegrrrrl Feb 2019 #17

This!!! ProfessorGAC Feb 2019 #18

Combined family income between $150K and $200K? Two kids? Big house in the 'burbs? theboss Feb 2019 #22

Yes. They're the most vulnerable group. MineralMan Feb 2019 #24

What was changed was withholding Moral Compass Feb 2019 #15

You should always target Paying Taxes at the end of the year bottomofthehill Feb 2019 #16

To What End? ProfessorGAC Feb 2019 #19

An excellent point, indeed. MineralMan Feb 2019 #20

Instead of paying 18-24% on credit card interest bottomofthehill Feb 2019 #30

Yeah, That Makes Plenty of Sense ProfessorGAC Feb 2019 #31

The withholding is done automatically by who pays you theboss Feb 2019 #21

SS and small pension can I safeinOhio Feb 2019 #23

Thank you one and all for the information and input... Peacetrain Feb 2019 #26

Taxes Srkdqltr Feb 2019 #27

It's not just about withholding. The standard deduction did go up by $5500 per person, but what Squinch Feb 2019 #28

My taxes went down significantly with the new tax laws MichMan Feb 2019 #29