Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Doreen

(11,686 posts)
1. I knew this was what was going to happen
Wed Apr 24, 2019, 02:19 AM
Apr 2019

the moment he started vomiting tax cuts to his poor uneducated base.

I have only met four people who have done well or better this year and only one is poor (the poor one by only about $20-$30 more than last year. ) The rest of the people I have spoken to are getting either half, less than half, nothing, or owing.

What people were not told is that they should have refigured their monthly take out and increased it but there are to many people out there that do not understand that and ( no pun intended ) this administration was banking on that.

A vicious cycle for some is just starting. For some there is no way they are going to be able to pay and if by some miracle they are supposed to get money back next year it will go to the previous year's owed taxes. I am sure this administration will tighten the pay back rules a lot causing more financial pain for the people.

I knew this was what was going to happen Doreen Apr 2019 #1
Also, there are people whose situations didn't change at all but they're paying now. forgotmylogin Apr 2019 #12
So right CountAllVotes Apr 2019 #16
It amazes me CountAllVotes Apr 2019 #2
"You have to pay if you want to collect." ??? Laffy Kat Apr 2019 #10
The minds these people have CountAllVotes Apr 2019 #15
I wonder if it was because of the property tax cap. Honeycombe8 Apr 2019 #3
Student loans quakerboy Apr 2019 #4
You are intelligent.. congrats at140 Apr 2019 #6
So the govt instructed the employers as to the wrong % to withhold? Honeycombe8 Apr 2019 #8
They withheld less to make Trump tax-cut look bigger at140 Apr 2019 #18
"Drop in withholdings"? Oh, you mean the amt the employer withheld from paycheck. Honeycombe8 Apr 2019 #7
They didnt make a mistake. they did as as they were instructed to do quakerboy Apr 2019 #9
Nailed it quakerboy! .. nt at140 Apr 2019 #21
Even the lower earnings categories got a small tax cut, in the bracket rate. Honeycombe8 Apr 2019 #23
How many people with lower incomes had property taxes over $10K anyway ? MichMan Apr 2019 #28
True. The property tax cap hit upper middle class, or those in high-tax states. Honeycombe8 Apr 2019 #33
Why wonder? quakerboy Apr 2019 #32
Look a the time of my posts. Honeycombe8 Apr 2019 #34
Your statement of ... aggiesal Apr 2019 #36
Yes. The Repubs have been after mortgage interest & prop tax deductions for YEARS... Honeycombe8 Apr 2019 #37
I think it was reported the admin did it on purpose. forgotmylogin Apr 2019 #13
I was beginning to wonder if that was the plan. If the withholding was intentionally too little.nt Honeycombe8 Apr 2019 #24
Very similar to Dubya's $100-$200 check back in 2001. forgotmylogin Apr 2019 #29
I remember the check. Honeycombe8 Apr 2019 #30
Employers follow what the IRS instructs them! at140 Apr 2019 #19
Yep, my son could not deduct $6000 in student loan interest. sinkingfeeling Apr 2019 #11
That is totally unfair! at140 Apr 2019 #20
Nope, student loan interest is not deductible. sinkingfeeling Apr 2019 #25
Very bad policy! at140 Apr 2019 #27
The student loan deduction is still there. $2,500 cap per return. Honeycombe8 Apr 2019 #31
He prepared using TurboTax. I'll see what his return looks like. sinkingfeeling Apr 2019 #35
You were correct. He was able to deduct t $800 of $6000 in interest payments. sinkingfeeling May 2019 #38
That's not much. Honeycombe8 May 2019 #40
I get so frustrated at such ignorance. PoindexterOglethorpe Apr 2019 #5
The only way to really see dugog55 Apr 2019 #14
It is happening already! CountAllVotes Apr 2019 #17
Good post! In my own case, I got a small tax-cut at140 Apr 2019 #22
Mine went down considerably MichMan Apr 2019 #26
here's one KayF May 2019 #39
Latest Discussions»Retired Forums»Video & Multimedia»Why Many Americans Are Sh...»Reply #1