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Don't be an apologist for folks who lack financial self-discipline. What is part of being poor, in many, many cases is directionalist, ill-disciplined behavior. Are there exceptions? Of course, but far fewer than just plain old lack of discipline.
Quote:
Originally Posted by 2sleepy
Deserve to be poor? Some people use withholding so that they can save for a big purchase without being tempted to spend the money on things they don't need as badly. It's part of being poor, something which I am sure none of the millionaires who post on CD know anything about
LMAO, so spending in excess of $700 billion is a Constitutional mandate? LMAO
Yes. And, bonus! It's hundreds of billions of dollars less than the Fed Gov spends on means-tested wealth transfer public assistance programs that have no Constitutional mandate whatsoever.
What was your overall federal tax as a percentage of your total income, compared on a YOY basis?
Your refund is simply a representation of how much was over-stolen by the government that is marketed as a gift to you, but is more like "under the rules, we are only allowed to steal X, and we stole X + R, so here is R"
So actually, if you got a lower refund with the same withholdings, then the law actually tightened up to make it less sloppy and in need of big refunds that reflect big differences in the tables and reality.
The only measure of "did you pay more taxes" is taking your entire federal AGI and then figuring your total federal tax, minus the two payroll tax thefts (FICA, Mediwelfare) as a percentage, and seeing that comparison YOY.
BTW, if the SALT cap got you, that isn't you paying more federal tax. That is actually the federal taxpayers no longer funding your state's illusion that they are a low tax state when they aren't. The SALT cap is nothing but disinfecting sunlight on high tax states who have used that deduction to make it look like free lunches are possible.
Give us the total numbers and then we can figure out if you actually paid more in federal tax, or if you simply need to a) learn math, b) learn basic logic and c) get a better tax preparer.
Great post! But as you can tell by reading this thread, it will fly over most people's heads. They are simply cognitively incapable of understanding it. /SMH
Don't be an apologist for folks who lack financial self-discipline. What is part of being poor, in many, many cases is directionalist, ill-disciplined behavior. Are there exceptions? Of course, but far fewer than just plain old lack of discipline.
Right, so let's just line all these feckless wastrels up and shoot them. Geezus
What was your overall federal tax as a percentage of your total income, compared on a YOY basis?
Your refund is simply a representation of how much was over-stolen by the government that is marketed as a gift to you, but is more like "under the rules, we are only allowed to steal X, and we stole X + R, so here is R"
So actually, if you got a lower refund with the same withholdings, then the law actually tightened up to make it less sloppy and in need of big refunds that reflect big differences in the tables and reality.
The only measure of "did you pay more taxes" is taking your entire federal AGI and then figuring your total federal tax, minus the two payroll tax thefts (FICA, Mediwelfare) as a percentage, and seeing that comparison YOY.
BTW, if the SALT cap got you, that isn't you paying more federal tax. That is actually the federal taxpayers no longer funding your state's illusion that they are a low tax state when they aren't. The SALT cap is nothing but disinfecting sunlight on high tax states who have used that deduction to make it look like free lunches are possible.
Give us the total numbers and then we can figure out if you actually paid more in federal tax, or if you simply need to a) learn math, b) learn basic logic and c) get a better tax preparer.
Why would anyone in this forum give you "the numbers"? It's none of your business. If they need help figuring out their taxes they can get free help from IRS, And I'm sure it would be better than relying upon self taught tax experts on an anonymous internet forum.
Don't be an apologist for folks who lack financial self-discipline. What is part of being poor, in many, many cases is directionalist, ill-disciplined behavior. Are there exceptions? Of course, but far fewer than just plain old lack of discipline.
You don't have to be poor in order to use your refund as a 'bonus' of some kind. My tax advisor told me years ago that if one is a great saver - then keep more if your paycheck if you know you AREN'T a great saver - then use your refund to accumulate some money.
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