RTP-area local music and culture

[James Hepler <jameshepler AT yahoo.com>]

--- grady AT ibiblio.org wrote:
> Um, not to stand in the way of righteous
> indignation, but if your 
> withholding was lowered, doesn't that mean you
> already *had* the money, 
> and spent it? Are you actually angry at the
> government for letting you 
> invest your own money and collect interest, rather
> than letting them 
> invest it and keep the interest for themselves?

When I filled out my W4, I was saying, "This is my
information.  Tax me accordingly".  And it worked just
fine.  In fact, given my itemized deductions, I was
taxed TOO much.  

With the tax cuts that were passed in congress last
May, they reduced my withholding which I thought meant
that through the tax cuts, my fair share became less. 
Nope.  My fair share is the same, they just decided
that they would rather have the difference in one lump
sum in April instead of biweekly payments throughout
the year.

They made it look like we were keeping more of our
money when in fact they were letting us hold their
money for them.  That's not a tax cut.

> And when you noticed your withholding had been
> lowered, did you call 
> payroll and say "hey, can you bump that back a
> notch, I don't want an 
> April Surprise?"

Thats' what I should have done, obviously.  But let's
be honest.  Tax cuts pass, my check gets bigger, one
would think that this means I'm being taxed less. 
Where was it said that I was being taxed the same
amount, but less was being taken incrementally by the
gummint?
 
> Ross "written a check every april since I started
> paying taxes" Grady

Was the check you just wrote larger, smaller, or about
the same as last year?  You don't have to answer, of
course, as it's private.

I'm just saying, all things being equal year to year,
if you propose and pass tax relief, the last end
result should be ANYONE owing more money.

Hep


        
                
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