Discussion»Statements»Rosie's Corner» "I HAVE NOTHING TO HIDE". So sayeth the Dondon. AND YET he hasn't released his tax returns! WHY NOT? WHAT IS HE NOT HIDING?
Of course, it did nothing for you, you live on a high tax state. And what you should be comparing is not what you had to send in but what your tax was before any withholding is deducted.
I will have to pay in more this year. Because I earned more money this year. I typed in my earnings from last year and if I would have made the same amount I would have paid in $2500 less than I was charged last year.
They are not loopholes. They are tax rewards for spending our money the way the government wants us to spend it on.
You are not understanding what I wrote. I made the same income this year as last and owed $3700+. I got a refund last year. You are paying more because you earned more - I didn't.
You are still talking about refund vs paying in. That is not you tax burden. Your tax burden is how much tax did you owe (line 15 on 1040 2018 and Line 63 1040 2017)
I owed $3700+ more than I did the year before. My salary in 2018 did not increase that much. The new withholding tables are off to give people the impression that they are getting more money. They are getting more in their take-home pay, but not enough is being taken out to cover the tax they owe at the end of the year. If I claim zero for withholding, there should be no reason why I should owe that much. If I added up all the money I ever had to pay at the end of the past 55 years, it wouldn't come o $3700.
Whatever you made more than the year before much have brought you up to the next tax bracket. If you are claiming 0 on your withholding, then something is definitely weird there. Perhaps your employer is not withholding properly. I would go to www.paycheckmanager.com and use their free paycheck tax calculator. I did that for my daughter when she thought her job was taking to much.
If you type your income in from last year on this years from is the tax about due more or less that is apples to apples comparision.
I did this both ways. I put last years income on this years. And this years income on last years forms and both say Trump tax cut helped me.
Another WHATABOUT? How did Obama get involved here? This is about TAX RETURNS. You are bringing in whatever tertiary irrelevant periphery you can find to avoid the question. Trump had Cohen say HE WOULD SUE ANY SCHOOL WHO RELEASED HIS GRADES! You have no problem with that I trust do you? How stupid is he that he is terrified of letting you know his grades? I We are at an IMPASSE. I fold. Thank you for your reply. I am exhausted. I am taking my tent and leaving you to your prez.
This post was edited by RosieG at April 1, 2019 9:35 PM MDT
Personally, I don't care about their school records or their tax returns. But if withholding means something to hide then it applies to all of them, not just Trump.
In asking a question on here why would you imagine that you can completely control the answer to the question as well as the manner of how it is arrived at?