Reply to Just did taxes...annoyed. Other people in the same boat?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Reading this thread and peoples lack of understanding of their own financial situation much less how taxes work at a public policy level makes depressed about the future of our country. the DCUM crowd are highly educated well off elites...if they don't get it then how can you expect the average joe to be savvy about the long term financial future of our country. We deserve the leaders we get.[/quote]

Withholding tables reduced withholding by more than taxes were reduced.  That is a problem.  If someone’s tax dropped 200 dollars, withholding shouldn’t go down 450 dollars.[/quote]
This.

I assumed the withholding was accurate until July which is when I read about the Government Accountability report which showed that the withholding tables were misleading.  I then calculated our estimated taxes for 2018 and increased our withholding sufficiently to cover the $2500-$3000 tax increase I expected for our $150K AGI .  btw we never overwithhold so I was not counting on a refund and I understand the difference between a refund amount and total tax owed.  The SALT cap was pretty widely known but I am not sure how many people were aware that they were also losing personal exemptions.[/quote]

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