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To: Jim Noble

See # 10; this new law is punitive to many middle class families. I’ve benefited a little from the doubled standard deduction, but been crushed by the elimination of personal exemptions. While the reduced withholdings put in place hurt, that can be addressed by changing withholdings; what can’t be addressed is the fact that I owe a few thousand more in overall federal income taxes themselves.


15 posted on 02/09/2019 4:18:40 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: kearnyirish2

Thanks for the heads up.

I have six dependents, I’d better check it out.


21 posted on 02/09/2019 4:24:30 AM PST by Jim Noble (Freedom is the freedom to say that 2+2 = 4)
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To: kearnyirish2

Yep. Trump somehow got a free pass on this “reform” which has hurt many in the middle.


23 posted on 02/09/2019 4:26:07 AM PST by 9YearLurker
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To: All
I've done over 50 returns this year for other people. Wide range of customers. To date, 90% of them have had a lower tax bill this year. LOWER. Maybe 95%.

And about half are getting larger refunds. Doubling the child tax credit more than compensated for removing the personal exemptions for most families.

I am seeing much lower withholding this year compared to last. Most of the folks getting smaller refunds are doing so because their withholding was so much less, which also means they had more income every month for the last 12 months.

All of this experience is in Arizona. Your state may vary.

133 posted on 02/09/2019 7:09:28 AM PST by Mr Rogers (Professing themselves to be wise, they became fools)
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