3 ms·
Yeah ,withholdings are garbage from an anti-tax pespective. Great example of that today is that most americans believe the trump tax reform didnt help them (on
by conanbatt 8y ago
Yeah ,withholdings are garbage from an anti-tax pespective.
Great example of that today is that most americans believe the trump tax reform didnt help them (only 17% believe it helped them) but it literally and factually increased the income for 80%. At least one reason for that is that withholding was reduced, but refunds were reduced as well. Availability bias makes people remember refunds, but not their monthly payments.
- throw0101a 8y agoIt helped them until they expire: > The law creates a single corporate tax rate of 21%, beginning in 2018, and repeals the corporate alternative minimum tax. Unlike tax breaks for individuals, these provisions do not expire [in 2025]. https://www.investopedia.com/taxes/trumps-tax-reform-plan-explained/ https://www.investopedia.com/taxes/trumps-tax-reform-plan-ex...