General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Colorme Dubious
Timcast
comments
Comments by "Colorme Dubious" (@colormedubious4747) on "Far Left Media ADMITS To LYING, Calls It \"Success\" And \"GOOD JOB\"" video.
"last year, the administration apparently fucked with the tax code so badly and so hastily that companies can no longer use the allowances you declare" -- NOT TRUE. What actually happened is that the withholding tables were adjusted (lowered) to reflect the new (lower) tax rates. You MIGHT have missed (you obviously DID miss) the HUGE burst of publicity that erupted in early 2018 announcing that "You'll see the effects of the lower rates in your paychecks NOW instead of after the end of the year." The IRS advised taxpayers to check that their withholding elections were appropriate after the table changes became effective . It's NOT up to employers to "understand exactly how much you owe the government from each paycheck." It's up to YOU, the employee, to ELECT the correct withholding for your specific situation. The Form W-4 was NOT "a joke" in 2018. People just didn't pay attention to their money, as is usually the case. You look into the matter when your take-home pay drops unexpectedly. You ignore it when it goes up. Just so you know, there's an "automatic" reduction available for part of the estimated tax underpayment penalty due to people getting "surprised" by the highly-publicized change.
2
If you want to know the truth, compare your effective tax rate from year to year. Income Tax divided by Taxable Income.
1