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The Water Cooler
General Discussion
How many of you people are retired? Are you benefiting from the new federal tax rate?
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<blockquote data-quote="SMS" data-source="post: 3202010" data-attributes="member: 42"><p>LOL. 3 kids, hence the "family of five". 3 is killin' me. I'd be plum insane if I had 5 of them LOL.</p><p></p><p></p><p></p><p>Yeah, I'd be interested to see how that worked out. A decrease of withholding to the tune of $7-$8 thousand a year while still getting a refund is significant! That's more than some folks pay in taxes for a whole year lol. Most folks saw a modest reduction.</p><p></p><p>I had actually thought the new plan would work out slightly in our favor, but as usual our progressive tax system punishes success and now more people aren't paying FITW, and those of us that are have to shoulder more of the tax burden.</p></blockquote><p></p>
[QUOTE="SMS, post: 3202010, member: 42"] LOL. 3 kids, hence the "family of five". 3 is killin' me. I'd be plum insane if I had 5 of them LOL. Yeah, I'd be interested to see how that worked out. A decrease of withholding to the tune of $7-$8 thousand a year while still getting a refund is significant! That's more than some folks pay in taxes for a whole year lol. Most folks saw a modest reduction. I had actually thought the new plan would work out slightly in our favor, but as usual our progressive tax system punishes success and now more people aren't paying FITW, and those of us that are have to shoulder more of the tax burden. [/QUOTE]
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The Water Cooler
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How many of you people are retired? Are you benefiting from the new federal tax rate?
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