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In reply to the discussion: Why Many Americans Are Shocked by Their Trump Tax Refund [View all]quakerboy
(13,901 posts)9. They didnt make a mistake. they did as as they were instructed to do
The whole tax bill was a scam. The top got a tax cut. Trump gave himself a tidy tax cut.
The rest of us got little or nothing. But they specified smaller withholdings so that people would see a small increase in pay each month. So it would look like you got something.
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Also, there are people whose situations didn't change at all but they're paying now.
forgotmylogin
Apr 2019
#12
"Drop in withholdings"? Oh, you mean the amt the employer withheld from paycheck.
Honeycombe8
Apr 2019
#7
Even the lower earnings categories got a small tax cut, in the bracket rate.
Honeycombe8
Apr 2019
#23
True. The property tax cap hit upper middle class, or those in high-tax states.
Honeycombe8
Apr 2019
#33
Yes. The Repubs have been after mortgage interest & prop tax deductions for YEARS...
Honeycombe8
Apr 2019
#37
I was beginning to wonder if that was the plan. If the withholding was intentionally too little.nt
Honeycombe8
Apr 2019
#24
You were correct. He was able to deduct t $800 of $6000 in interest payments.
sinkingfeeling
May 2019
#38