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Old Today, 08:54 AM
 
4,169 posts, read 5,078,552 times
Reputation: 6559

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...and I am not seeing the difference in my weekly paycheck.

So much for this new tax plan.


Who is benefitting from it?

 
Old Today, 09:00 AM
 
936 posts, read 418,775 times
Reputation: 978
Quote:
Originally Posted by NYTom View Post
...and I am not seeing the difference in my weekly paycheck.

So much for this new tax plan.


Who is benefitting from it?
what caused the difference between the 2 years, income up, deductions down, total tax liability up, withholding down, credits down, etc.

Your post gives no information that implicates the new tax plan as the cause.
 
Old Today, 09:14 AM
 
Location: 5,400 feet
2,373 posts, read 2,392,969 times
Reputation: 3126
Quote:
Originally Posted by NYTom View Post
...and I am not seeing the difference in my weekly paycheck.
So much for this new tax plan.
Who is benefitting from it?
The size of your refund is irrelevant to whether or not you are benefitting. The appropriate comparison is your tax liability in 2017 vs. your tax liability in 2018. Once that is known, SuiteLiving has laid the major factors could affect your liability. Look into those and you may have a meaningful answer.
 
Old Today, 09:30 AM
 
7,100 posts, read 3,935,682 times
Reputation: 4737
Quote:
Originally Posted by NYTom View Post
...and I am not seeing the difference in my weekly paycheck.

So much for this new tax plan.


Who is benefitting from it?
The rich.... and really poor that could not itemize before.
 
Old Today, 09:32 AM
 
10,856 posts, read 5,297,647 times
Reputation: 7318
TurboTax estimated 2/3 of taxpayers got a decrease in tax and the other 1/3 of taxpayers are here, I’m sure.
 
Old Today, 09:44 AM
 
Location: Montgomery County, PA
14,238 posts, read 9,122,144 times
Reputation: 11677
Quote:
Originally Posted by NYTom View Post
...and I am not seeing the difference in my weekly paycheck.

So much for this new tax plan.


Who is benefitting from it?
You really don't have a tax question. We all know what this is about.
 
Old Today, 10:14 AM
 
67,660 posts, read 68,435,886 times
Reputation: 45504
yes ,, it makes no sense because withholding has little to do with actual tax liability .... you can make your pay check whatever you want ... it only shakes out to what you owe at the end .. this is either a political rant in disguise or someone who does not understand taxes .
 
Old Today, 10:40 AM
 
Location: Montgomery County, PA
14,238 posts, read 9,122,144 times
Reputation: 11677
Quote:
Originally Posted by mathjak107 View Post
this is either a political rant in disguise or someone who does not understand taxes .
I'll go on a limb and say it's the former. I am taking a huge risk though.
 
Old Today, 10:42 AM
 
4,169 posts, read 5,078,552 times
Reputation: 6559
Quote:
Originally Posted by SuiteLiving View Post
what caused the difference between the 2 years, income up, deductions down, total tax liability up, withholding down, credits down, etc.

Your post gives no information that implicates the new tax plan as the cause.
Income is the same

Quote:
Originally Posted by jiminnm View Post
The size of your refund is irrelevant to whether or not you are benefitting. The appropriate comparison is your tax liability in 2017 vs. your tax liability in 2018. Once that is known, SuiteLiving has laid the major factors could affect your liability. Look into those and you may have a meaningful answer.
What? the bigger the refund the bigger the benefit to me!
 
Old Today, 10:45 AM
 
67,660 posts, read 68,435,886 times
Reputation: 45504
sounds like you over paid in 2017 so you got money back in 2018 ... without actual numbers this thread is meaningless .
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