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Expected big returns....wanted to use for vacations, etc.  Do people really understand how we are taxed?
https://www.apnews.com/57ac6498374944f7bfb20660630c95f4
Make America Honest Again
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Admittedly, I dont completely understand the tax code, and all it's nuance. I'm just a dude who reads the news, and tries to keep up with stuff.Â
As I understand it, the returns have been lower on average, but since the withholding table has been thoroughly updated, we (tax payers) get more of our check every week and the Government gets a smaller interest free loan. We get what we earned in the first damn place.
If you can't manage your life without dependency on the government you are more or less a welfare dependent anyway.
That's all I have to say about that.
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I've heard "educated people" spew nonsense about how marginal tax rates work.
They thought if they got a pay increase it would put them in a higher bracket and they'd pay more in taxes than the salary increase comprised.
Um, no.
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Still got over a $4,000 return all in how you want to pay your taxes during the year. My wife likes to use it as a saving account to spend on fun stuff the next year. Vacations, Concerts, Wine. LOl