Taxes are DOWN this year for 90% of my BIL's clients. - Withholding also dropped and often

Posted: Feb 12th, 2019 - 5:49 am In Reply to: Taxes --- middle class getting hit the worst - Why was this so difficult to realize

by a bigger margin than their tax bill dropped, but less than 5% of his clients owed anyway. Only one to date owed over 300, and she knew he would because she was an independent contractor, no withholding & self-employment taxes (SS & Medicare).

I just did a quick pass on my taxes and I'm getting a whopping $157 refund. To me, that's a success because I try to come as close to zero refund as I can. If your refund is typically large, you are overpaying the government and giving them an interest free loan on YOUR money. Not too smart.

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Taxes --- middle class getting hit the worst - Why was this so difficult to realize (Views: 491, 2019-02-12, 5:30 am)
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      - I also get that but I hope you can understand - what I am saying too. (Views: 212, 2019-02-12, 8:45 am)
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- The amount of people judging the tax cuts based on their - return seriously misunderstand how (Views: 290, 2019-02-12, 5:42 am)
- Taxes are DOWN this year for 90% of my BIL's clients. - Withholding also dropped and often
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