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Joined: Jun 2004
Posts: 8,377
14 point
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14 point
Joined: Jun 2004
Posts: 8,377 |
90% of the the people claiming it hurt them because they are getting a smaller refund or are having to pay actually paid less taxes because their withholdings changed. They paid less in total taxes and the government didn't get to keep their money for a year 90% of the the people claiming it hurt them because they are getting a smaller refund or are having to pay actually paid less taxes because their withholdings changed. They paid less in total taxes and the government didn't get to keep their money for a year I have had to explain this to several people complaining about their taxes. So far I haven't seen one that actually had to pay more taxes when compared to comparable earnings on prior year returns. Everyone was thrilled during early 2018 when they saw an extra $20-$50 on their checks but pissed because their refund wasn't a grand like it was last year. I owed more than normal. If they wouldn't have messed with the withholdings I would have been fine, but I fixed that. Hopefully if nothing changes I will break even next year.
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