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you fill out a new W-4 Form, on line 6 where it says, additional amount you want withheld...is where you place the amount, and you may write in any amount you wish, from $5.00 to $100.00 out of each and every pay check....and you can change it any time you wish if you feel you need more money each week....so ....
This is what they warned us about, and yes, I received a nice raise from the government, so I took that raise, and had it withheld from every pay check....and they suggested people do this.
so those of you who are angry about this, new tax law....they were trying to put more money in the pockets of American's each week, but warned on the news, that they were not sure how this was going to effect tax returns, so if you plan on a tax return every year, then take more out of your pay....
and if you didn't know about this, then you don't pay attention to the news....b/c immediately when I heard this, I called my accountant...
so you had a choice, you could keep the money each week or allocate it all and have the government take it out in federal tax....each week, to get a nice income check back.
you fill out a new W-4 Form, on line 6 where it says, additional amount you want withheld...is where you place the amount, and you may write in any amount you wish, from $5.00 to $100.00 out of each and every pay check....and you can change it any time you wish if you feel you need more money each week....so ....
This is what they warned us about, and yes, I received a nice raise from the government, so I took that raise, and had it withheld from every pay check....and they suggested people do this.
so those of you who are angry about this, new tax law....they were trying to put more money in the pockets of American's each week, but warned on the news, that they were not sure how this was going to effect tax returns, so if you plan on a tax return every year, then take more out of your pay....
and if you didn't know about this, then you don't pay attention to the news....b/c immediately when I heard this, I called my accountant...
so you had a choice, you could keep the money each week or allocate it all and have the government take it out in federal tax....each week, to get a nice income check back.
And personal exemptions are eliminated - how nicely you ignored it. I took a big hit on that.
Interesting how the "rich that hold up us all on their shoulders" have been instantly transformed to "SALTers" - it's as if Trump and his 4th grade speech patterns have taken hold everywhere. Make American Ignorant Again!
I think what some are meaning to say is that if one played by the rules and also helped keep the economy going by living the American Dream and having a nice house and stuff like that.....that NOW, they are bad bad bad people.
Those people are great people so long as they pay for it and don't expect it to be subsidized. Capping SALT deductions at $10K doesn't mean these people stop living the American Dream just stop living it on someone else's dime.
And personal exemptions are eliminated - how nicely you ignored it. I took a big hit on that.
The personal exemptions were paired with increased tax credits, increased standard deductions and lower tax brackets. It would be difficult to take a big hit over that alone.
That's true. Federal income tax revenue is up by about 6%, higher than GDP growth (2.9%).
So much for the "tax cuts for the rich" lies and all the dire predictions of falling federal income tax revenue.
lol why not tell the rest of the story?
Quote:
Whereas individual income tax revenue has risen by 7.9 percent in the first ten months of fiscal year 2018 compared to the first ten months of fiscal year 2017, corporate tax revenue has fallen by over 28 percent. In total, nominal revenue has increased by only 1 percent – well below the rate of inflation. https://www.crfb.org/blogs/has-revenue-risen-2018
Many are. Specially those who don’t want to earn any interest.
Earn interest? Most banks pays what 1%, or maybe you can find a Credit Union that will pay 2%. Or are people going to take that $30 a week and day trade stocks during their lunch hour?
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