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Money and Finances
Reply to "Just did taxes...annoyed. Other people in the same boat?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm personally suprised by the people who say they are owing even with 0 withholdings. Did you all change to 0 half-way through the year? Are you sure you were actually at 0? [/quote] it's the withholding tables that were the problem that payroll based deduction off of. clearly you do not understand how taxes work. Additionally if you have 2 earners and they is a vast discrepancy in earnings, then the tax tables for withholding will be different, but at filing will cause you to owe. The ignorance on this board sometimes makes me want to smash my head on my computer and then weep for our nation.[/quote] Well that's kind of my point - why would the withholding tables be so far off? Previously they were biased in favor of overwithholding. My understanding that the current tweak was aimed to get them closer to 0 liability -- not people owing $1000s, like they are stating here. I'm wondering how the IRS got it so wrong, since I doubt their intent was that people would owe $1000s with 0 exemptions. [/quote] No. This was intentional. It was to make people think the tax “cuts” were great and get people to vote for the GOP in the midterms. [/quote] I work for the IRS and I can assure there is not grand right wing conspiracy going on. It is too exhausting to explain what is obvious to the masses of conspiracy theorists on here, but all I can say is that there is no conspiracy going on by the executive branch. tax reform was rushed, and as a result the tables were sloppy. But carry on as if this tax season were a episode of X-files.[/quote]
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