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An extra $44/month!!!!1!!!!!!!! (Original Post) LuckyCharms Jan 2018 OP
I'm sure the trumpers will Ilsa Jan 2018 #1
The thing is, and I'm still trying to wrap my head around this... LuckyCharms Jan 2018 #3
That's the way it was designed. yallerdawg Jan 2018 #26
I'm figuring your property taxes could increase Ilsa Jan 2018 #27
Pretty much a wash gratuitous Jan 2018 #31
I wonder if they know that this isnt permanent. secondwind Jan 2018 #2
Trump change. J_William_Ryan Jan 2018 #4
+1000 Pachamama Jan 2018 #6
Higher prices due to the inflated deficit... dchill Jan 2018 #5
That won't even cover the rising cost of groceries because of the falling dollar. Vinca Jan 2018 #7
I needed Canadian bacon for a recipie . . . hatrack Jan 2018 #15
I thought burnbaby Jan 2018 #8
Please see post #9. n/t LuckyCharms Jan 2018 #13
Accounting and Pay companies have the tables from the IRS titaniumsalute Jan 2018 #16
have you already seen the change in your paycheck? barbtries Jan 2018 #9
Yes. Federal w/h dropped while everything else remained the same. LuckyCharms Jan 2018 #12
interesting. barbtries Jan 2018 #17
The new withholding tables are out. I'll post a link below. LuckyCharms Jan 2018 #18
thanks. barbtries Jan 2018 #20
The schedules are out. fescuerescue Jan 2018 #24
that explains it. barbtries Jan 2018 #29
I thought the changes wouldn't take effect until February checks. B2G Jan 2018 #10
Please see post #9. n/t LuckyCharms Jan 2018 #14
i just looked burnbaby Jan 2018 #21
Don't spend it all, you will probably owe some of it back at the end of the year MiniMe Jan 2018 #11
$3.00 gas will eat that up nicely... hexola Jan 2018 #19
Personally, I think an extra $44 a month would be great, except for the fact that it is borrowed ... dawg Jan 2018 #22
Anyone remember Bush's $300 refund checks? Yavin4 Jan 2018 #23
That will get Mendocino Jan 2018 #25
Hell yes!!! Iggo Jan 2018 #28
You got $44? I only got $18... haele Jan 2018 #30

LuckyCharms

(17,444 posts)
3. The thing is, and I'm still trying to wrap my head around this...
Fri Jan 26, 2018, 07:28 AM
Jan 2018

44x12=$528 extra in paychecks per year.

I also keep a spreadsheet that predicts the amount of my refund next year.

That amount dropped by apx $500. I always use this refund as a mechanism to pay the portion of my property taxes due in January.

So I get an extra $528 in paychecks, but my refunded amount drops by $500. Seems like a wash to me.

yallerdawg

(16,104 posts)
26. That's the way it was designed.
Fri Jan 26, 2018, 12:59 PM
Jan 2018

The 1% get the breaks, and the rest of us pay for them.

Of course, the corporation tax cut and "repatriation" of shell-game money has cost us $1.5 trillion in new national debt - but our kids and grandkids get to pay for that, so we did get a little break, didn't we?

Ilsa

(61,695 posts)
27. I'm figuring your property taxes could increase
Fri Jan 26, 2018, 02:04 PM
Jan 2018

in a few years. With the federal government cutting life-saving social programs, your local (and/or state), could increase to cover deficits. I guess that depends on whether your state is a net giver or taker of funds to the federal government.

gratuitous

(82,849 posts)
31. Pretty much a wash
Fri Jan 26, 2018, 03:04 PM
Jan 2018

And what will you gain for the princely sum of an extra $28 a year? Well, your schools are going to fall apart a little more. Your roads will acquire another pothole or two per mile. Contacting government agencies for services will take a little longer, and in some cases a lot longer, but your time isn't worth very much to the people who will be getting considerably more than $28 annually from the tax cut, nor are they all that worried about public schools and other infrastructure.

titaniumsalute

(4,742 posts)
16. Accounting and Pay companies have the tables from the IRS
Fri Jan 26, 2018, 11:15 AM
Jan 2018

They are starting to alert employees what the new structure will be.

barbtries

(28,799 posts)
9. have you already seen the change in your paycheck?
Fri Jan 26, 2018, 09:15 AM
Jan 2018

because at work i'm told that the IRS has not prepared the schedules yet and the withholding is the same so far.

LuckyCharms

(17,444 posts)
12. Yes. Federal w/h dropped while everything else remained the same.
Fri Jan 26, 2018, 11:08 AM
Jan 2018

I just compared this stub to the one previous.

barbtries

(28,799 posts)
17. interesting.
Fri Jan 26, 2018, 11:23 AM
Jan 2018

it's not happening for us yet. Finance said they didn't have enough information to implement it.
okay by me. when it comes time to do my taxes I don't want to owe any.

MiniMe

(21,717 posts)
11. Don't spend it all, you will probably owe some of it back at the end of the year
Fri Jan 26, 2018, 10:04 AM
Jan 2018

I hate when they mess with the withholding tables.

dawg

(10,624 posts)
22. Personally, I think an extra $44 a month would be great, except for the fact that it is borrowed ...
Fri Jan 26, 2018, 12:18 PM
Jan 2018

money - the equivalent of living larger because you are running up your credit cards.

And we're not just running up the nation's credit card in order to increase our own current lifestyle; we're mostly running it up to shower even more cash onto the wealthy.

Iggo

(47,558 posts)
28. Hell yes!!!
Fri Jan 26, 2018, 02:15 PM
Jan 2018

Deporting 800,000 Dreamers gonna clear me a sawbuck a week?

Round 'em up!

Yee-fucking-haw!!!

haele

(12,660 posts)
30. You got $44? I only got $18...
Fri Jan 26, 2018, 03:03 PM
Jan 2018

You must be making more than me.
Of course, I don't claim any exemptions because my company has profit sharing at the end of the year and spouse is on SSDI, and those two things always f***s our taxes up if you don't keep on top of it.

Yes, we usually get $1000 or so back from the Feds on average, which goes into paying off the Student Loan. This year I'll be getting ~ $800, because the kid dropped off our medical insurance and finally got a job.
I might actually end up owing next year, when I can't claim my Student Loan interest any more.
Of course, they might get rid of SSDI for anyone who can't get out of bed or isn't otherwise in a coma - which would be less of a tax burden. But since spouse can't work more than maybe a week a month without serious pain and deterioration to his health, it will be a wash - I'd rather take the tax hit every year and keep the monthly SSDI that pays for his out of pocket health costs and our housing.

Haele

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