(01-01-2021, 05:07 PM)StroudCrowd1 Wrote:

(01-01-2021, 04:52 PM)TJBender Wrote: You mean you don't like giving Uncle Sam an interest-free loan throughout the course of the year?

I shoot for a refund of $200-300. Enough to avoid surprises, not so much as to lend large sums to Congress.

This is what frustrated me about Trump tax reform. It helped nearly everybody, but the Democrats did a good job selling that it benefited only the top 1% and then drove that point home when people's tax refunds weren't as much as usual. What they failed to realize was without modifying your W-4, your take home pay was more, therefore resulting in a lower refund (if any).

This is one of the things I mean about low information voters.

Not all people who didn't 'get' this are low information voters. Many just don't understand how taxes work anyway, then you throw in changes and you don't have a tax person to tell you how it all shakes out and it can cause confusion. Myself and math do not coexist well as it is, and we own a small business which throws a wrench into things. I am forever confused as to how our income from his job, the side business, and federal and state income tax all works out. It does not compute. Ten years on and I'm still surprised when we get a bill for state tax because no matter how my husband or our tax guy works it out, we always owe state.

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