Not because they’re worried about government revenue or something that would at least make sense...oh no. People are such morons
Lmao
"I will never forget the moment, I thought 'We look good' and then we added in the next W-2 and my jaw hit the floor," Kraft said. "There was no way I wanted to believe that what I was looking at was accurate."
President Trump promised a reduction in taxes with the new law. And by most measures, the majority of Americans will see one. The nonpartisan Tax Policy Center projected the tax law would reduce individual income taxes by about $1,260 on average, although it benefits higher earners more. But not everyone is benefitting, including some taxpayers who failed to adjust their withholding.
The IRS has encouraged people to do a "paycheck checkup," saying that "some taxpayers might prefer to have less tax withheld up front and receive more in their paychecks." The trouble is, few Americans seem to have done that
The couple's effective tax rate was lower, but they still owed the government.
"I feel like I have reached a stage of grief of acceptance," he said. "In a twisted way I should have been paying this all year and now I just have to pay it in one lump sum."
A number of experts such as Gleckman are urging taxpayers to obsess less about their refund or what they owe when measuring the effect of the new tax law. These are just a sliver of your tax picture.
But the truth is, many Americans have come to rely on refunds. About three-quarters of U.S. taxpayers typically get one and they had averaged around $2,800. For some low-income households it is the biggest cash infusion of the year.
Lmao
"I will never forget the moment, I thought 'We look good' and then we added in the next W-2 and my jaw hit the floor," Kraft said. "There was no way I wanted to believe that what I was looking at was accurate."
President Trump promised a reduction in taxes with the new law. And by most measures, the majority of Americans will see one. The nonpartisan Tax Policy Center projected the tax law would reduce individual income taxes by about $1,260 on average, although it benefits higher earners more. But not everyone is benefitting, including some taxpayers who failed to adjust their withholding.
The IRS has encouraged people to do a "paycheck checkup," saying that "some taxpayers might prefer to have less tax withheld up front and receive more in their paychecks." The trouble is, few Americans seem to have done that
The couple's effective tax rate was lower, but they still owed the government.
"I feel like I have reached a stage of grief of acceptance," he said. "In a twisted way I should have been paying this all year and now I just have to pay it in one lump sum."
A number of experts such as Gleckman are urging taxpayers to obsess less about their refund or what they owe when measuring the effect of the new tax law. These are just a sliver of your tax picture.
But the truth is, many Americans have come to rely on refunds. About three-quarters of U.S. taxpayers typically get one and they had averaged around $2,800. For some low-income households it is the biggest cash infusion of the year.
