Reply to Trump voters getting tax shock and regretting their votes

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] We live in moco. We used to get back $8k which we used for summer camp and vacation. This year we owed money. [/quote]

If you got an $8k tax refund, you did something terribly wrong when calculating your withholdings.

I've never understood the people who get these huge refunds.  The ideal situation is to owe just under $1k--low enough to avoid the penalty, but as high as possible to avoid giving any more of a free loan to the government than would be necessary.[/quote]

People use it as a mechanism for forced savings.  But the point of the PP has gone completely over your head, which is that they are paying 8K more this year than they had in the past.[/quote]

DP. You still don't understand basic math.

Tax refund =/= Total tax tax obligation. Having a huge tax refund year after year means you are giving the government an interest free loan and too lazy to adjust your withholding.

IRS published a new withholding table after the tax cut. PP's withholding decreased in 2018 meaning they paid less tax throughout the year. PP's total tax obligation could be the same or even less in 2018 even though you owe IRS money.[/quote]

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