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In reply to the discussion: Got my new paycheck today with new withholding. [View all]davekriss
(4,616 posts)44. I think lapfog was using humor, too
See, even if we calculate it precisely, this tax cut is absurd. It actually represents class theft, because to pay for the tax cuts for giant corporations, the owners of these corporations, the 0.1%, many other services will be cut or reduced. Including social security and medicare.
(When those special treasury bonds begin to be redeemed -- you know, the surplus we paid for starting 1983 -- that comes out of general revenue. Thus the coming tsunami of attacks on all things that benefit people other than the top 1%, including social security.)
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I get to pay $1000 a year more on my FIXED income of Social Security and
sinkingfeeling
Feb 2018
#60
As a single person, why would I want to take a standard deduction of $12,000
sinkingfeeling
Feb 2018
#80
If the withholding went from $399.26 to $466.50, your paycheck would go DOWN by $67 nt
karynnj
Feb 2018
#10
that's a 15% reduction in withholding. i rather doubt most people's tax bill will go down that much
unblock
Feb 2018
#28
That's not great but better than nothing. It looks like we'll get an extra $60 a month
Luciferous
Feb 2018
#61
To the run of the mill Fox news idiot $67.00 is a lot and they are happy the pukes are looking out
Autumn
Feb 2018
#69
Nope sorry it's crumbs compared to what taxes are getting cut where and for whom. nt
Kirk Lover
Feb 2018
#90