Drudge Retort: The Other Side of the News
Friday, January 12, 2018

The IRS has issued the first set of guidelines determining how every American's paycheck will change following the tax-cut bill President Trump signed in late December. The guidelines go to employers and payroll processors, which will then adjust the amount of tax withheld from workers' paychecks.

Yahoo Finance ran the numbers and found a net drop in tax withheld in each of 11 income categories we examined. That means paychecks would get larger in each of those income categories. For a worker earning $60,000, which is roughly the national median income, the net savings would be $112 per month, or $1,344 per year.

This table shows how federal tax withholdings on a semi-monthly paycheck for a married worker are likely to change from 2017 to 2018.

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The increase in income is far too small for 2 trillion in debt, loss of deductions, and loss of functional government.

Private school costs me 12k per kid. The inability to deduct my state taxes will eat this up too.

I bet most people have a live that costs more than they save.

Awful.

#1 | Posted by BruceBanner at 2018-01-12 12:24 PM | Reply | Newsworthy 1

So you're saying that this is an effective increase on those most able to bear the additional cost? The people not making enough to realize the loss of( or capping of) deductions will be saving money over-all. Isn't that what people have been asking for, the wealthy to pay more and the those not wealthy keeping more?

#2 | Posted by Avigdore at 2018-01-12 12:46 PM | Reply | Funny: 1

"The increase in income is far too small for 2 trillion in debt, loss of deductions, and loss of functional government." - #1 | Posted by BruceBanner at 2018-01-12 12:24 PM

Bears repeating.

#3 | Posted by Hans at 2018-01-12 12:50 PM | Reply

Isn't that what people have been asking for

#2 | Posted by Avigdore at

I want the same deal the .01% got.

#4 | Posted by Zed at 2018-01-12 12:51 PM | Reply | Newsworthy 2

I want the same deal the .01% got. - #4 | Posted by Zed at 2018-01-12 12:51 PM
What's stopping you?

#5 | Posted by Avigdore at 2018-01-12 12:53 PM | Reply | Funny: 1

#5 | Posted by Avigdore

Stop being stupid.

#6 | Posted by Zed at 2018-01-12 12:54 PM | Reply

"Stop being stupid." - #6 | Posted by Zed at 2018-01-12 12:54 PM

You might as well ask for the Sun to disappear.

Or for the tides to reverse.

Or for President IQ45 to gain even a modicum of humanity.

Alas, none of those are in the cards, Zed.

#7 | Posted by Hans at 2018-01-12 01:04 PM | Reply | Newsworthy 1

"Stop being stupid."

Hasn't it occurred to you that it is involuntary?

#8 | Posted by danni at 2018-01-12 01:07 PM | Reply | Newsworthy 3

What's stopping you? -#5 | Posted by Avigdore at 2018-01-12 12:53 PM

Stop being stupid. #6 | Posted by Zed at 2018-01-12 12:54 PM

I agree, if you'd stop being stupid you'd be much more likely to make it to the .01%. I commend you on the self awareness, though.

#9 | Posted by Avigdore at 2018-01-12 01:08 PM | Reply

a whole six bucks a paycheck!

I am RITCH!

sincerely

Mustang

#10 | Posted by ChiefTutMoses at 2018-01-12 01:14 PM | Reply

when dealing with avigdore you have to remember that in Russia $10.00 US is a years salary.

#11 | Posted by ChiefTutMoses at 2018-01-12 01:16 PM | Reply | Funny: 2 | Newsworthy 2

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