Serious question: can I get rid of my health insurance now? I don't want to pay for it, I didn't use it all of 2015-2017, and if I am not going to have to pay the penalty tax, I don't want it. But I don't want to jump the gun on cancelling it if I am going to get hit by the penalty tax later because it's not in effect yet.
A major issue that I've found in discussing taxes with people is they don't understand how the tax rate works. I don't mean this in a liberal/conservative way at all either. I mean people see that the tax rate for top earners is 39% and believe that every dollar that person made is taxed at 39%.
A major issue that I've found in discussing taxes with people is they don't understand how the tax rate works. I don't mean this in a liberal/conservative way at all either. I mean people see that the tax rate for top earners is 39% and believe that every dollar that person made is taxed at 39%.
Serious question: can I get rid of my health insurance now? I don't want to pay for it, I didn't use it all of 2015-2017, and if I am not going to have to pay the penalty tax, I don't want it. But I don't want to jump the gun on cancelling it if I am going to get hit by the penalty tax later because it's not in effect yet.
This is a big problem with the estate tax. People just do not understand that the first 11 million (for a married couple), now 22 million I guess, is completely exempt. they seem to think that if they go one dollar over the exemption the gummint will come take all their hard earned money/land/work away.
Probably a good strategy for Dems to take going forward, now's probably the right time for it.
https://theweek.com/articles/669341/radical-economic-populism-only-thing-that-save-democrats-now
https://www.politico.com/story/2018/01/10/tax-reform-paychecks-irs-332183
Looks like the Pubs are trying to mess with the witholding tables so they can take credit for a bigger tax savings via witholding less. Didn't think of that, but that's pretty f'in smart.
Republicans can't mess with the withholding tables, ADP is doing it on their own. Simple math.
ADP doesn't create the tables - the IRS does.
ha, just teasing palma who argued otherwise earlier.
Anyway, messing with withholdings would be quite the gamble. Republicans would have to not only convince people that the increase in take-home pay is due to the tax bill they hate, but also deal with the repercussions come April 2019 when people actually think about taxes and they end up with an unexpected tax bill thanks to low withholding amounts during the year.
Should've done the Bush thing and mailed people a check.