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Since the media and Demonic Rats lied to the public about this tax cut, I wonder how many will realize they were duped?
Anyway, I know I have liberal family that thought they were going to have to cough up more only to find out that they are getting more in their paycheck (even if they don't want it)
I've never seen so many happy for saving an average of 60 bucks.
Perhaps we are worse off than I thought.
Enjoy!
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Raise workers income by 0.8%
Raise middle class Americans income by 1.5%
Raise the richest 1% of Americans income by 13.5%
And raise the richest 0.1% of Americans income by 14.2% https://www.forbes.com/sites/janetno.../#3ec53ec265b9
And Trump's tax cuts will also cause the following effects,
I heard they are rushing this through so people start getting more in their paychecks but, they are doing this at the same time tax returns are beginning so it is a scramble and it may make more people have to pay more next year on their tax returns because of mistakes. Anyone else hear this?
I heard they are rushing this through so people start getting more in their paychecks but, they are doing this at the same time tax returns are beginning so it is a scramble and it may make more people have to pay more next year on their tax returns because of mistakes. Anyone else hear this?
In a way yes, what you've been hearing/reading is true.
DT, GOP, Munchin et al want to get ahead of the negative PR over this tax reform by pushing out the "benefits" fast as possible to blunt the clubs democrats and others are using to beat them over head with. However much of this tax *reform* is a work in progress.
IRS is pushing out the new withholding tables ASAP to make the OP's title of this thread true; that is a majority of workers will start to see *some* sort of increase in their pay packets by February. What the IRS/Treasury Department have not fully worked out are new W-4 forms and or guidance about future withholding. Will enough tax be withheld from your paycheck? Good question. - Jan. 10, 2018
As one stated upthread many Americans over withhold (claiming more than one or whatever deduction on their W-4) because they like to get back a large refund and or don't want to be stuck with a bill come 15 April.
The amounts being withheld have now changed and will be reflected in the new tables; however these are all going off the old W-4 forms which may for many now contain inaccurate information. As such it is entirely possible someone who previously was over withholding (getting a refund) or juuuust right (owing nothing or very little), may now end up owing.
After the Reagan tax cuts, we were told the same thing: expect a bigger paycheck. I was working in a local refinery making good money but didnt see much. Neither did my coworkers. What a joke.
A working couple, that makes 65k a year will get about 20 bucks a month. That is pretty earth shattering. If they have 2 kids, they can all go to McDonald's on Donald once a month.
The good news just keeps coming.I voted for the right person.Keep it coming Trump!
McDonalds and Chick-fil-La must be awfully excited.
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