Yes so so very hard to pass tax cuts to rich people when Republicans have full control of the government.
hashtag “threwupinmymouth”
And, true to Paul Ryan’s hubris-fueled form, he will release it on April 16, 2019, the day after 150 million American taxpayers discover the dirty little secret that they didn’t actually get a tax cut, they now owe thousands of dollars to the IRS because the Ryan-Trump Tax “Cut” simply changed the tax withholding tables to deliberately under-withhold…
Something tells me it won’t have the most recent development where the tax cuts energized an already overheating economy, leading the Fed to predictably increase interest rates. Those rising interest rates are in turn being applied to the massively swelling defecit, also caused by the tax cuts, leading to among other things, all of our 401ks being on the precipice of losing value in 2018. Yep. A real great story, Ryan.
Not doubting you, but is that true? If so, people are going to start figuring this out real soon.
Ryan knew they were going to lose the House and got out while the getting was good. Now he’s trying to preserve and polish the lump of coal that is his legacy as Speaker.
Did any of our little-people-who-still-pay-taxes tax dollars pay for this six-part series promoting Ryan’s next run for the presidency?
Whoa. So it takes a 6 part series to show what it entails to be on the wrong side of history?
That’s just how much Paul Ryan loves himself.
Check out the press release announcing the new withholding rates:
IR-2018-36, Feb. 28, 2018
WASHINGTON –The Internal Revenue Service today released an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help taxpayers check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in December.
The IRS urges taxpayers to use these tools to make sure they have the right amount of tax taken out of their paychecks.
“Following the major changes in the tax law, the IRS encourages employees to check their paychecks to help ensure they’re having the right amount of tax withheld for their personal situation,” said Acting IRS Commissioner David Kautter.
The Tax Cuts and Jobs Act made changes to the tax law, including increasing the standard deduction, removing personal exemptions, increasing the child tax credit, limiting or discontinuing certain deductions and changing the tax rates and brackets.
If changes to withholding should be made, the Withholding Calculator gives employees the information they need to fill out a new Form W-4, Employee’s Withholding Allowance Certificate. Employees will submit the completed W-4 to their employer.
“Withholding issues can be complicated, and the calculator is designed to help employees make changes based on their personal financial situation,” Kautter said. “Taking a few minutes can help taxpayers ensure they don’t have too little – or too much – withheld from their paycheck.”
The withholding changes do not affect 2017 tax returns due this April. However, having a completed 2017 tax return can help taxpayers work with the Withholding Calculator to determine their proper withholding for 2018 and avoid issues when they file next year.
I’ve been screaming from the rooftops ever since that people need to assess their withholding. It’s the first time since I’ve been working that the onus has been placed so heavily on the taxpayer, beyond the simple instructions and calculations associated with Form W-4.
Since the end of July there have been numerous news stories warning that the Titanic was heading straight for an iceberg:
Every summer, Mike McClure looks at his income tax withholding. The Apple Valley man doesn’t want to give the government what he calls a “free loan” by having too much money withheld from his paycheck. He also doesn’t want to end up owing a bunch to the IRS when he files his taxes in April.
In the past, McClure’s system has led to little more than minor tweaks. This year, under the new federal tax law, he will owe the federal government $6,800 in April if he doesn’t radically alter his withholding for the remainder of the 2018 tax year.
My wife and I would have owed over $6000 as well if we hadn’t checked. But I did that in March, so was able to mitigate 75% of the damage.
He’s running for President.
Either that, or this is just more right-wing neo-fascist homage to Ayn Rand and “Atlas Shrugged.”
In either event, a pointless exercise in the glorification of naked greed and selfishness is straight out of the Ayn Rand gospel hymnal.
Rotten Tomatoes gives it a minus 100% rating.
Seriously, these guys take themselves too seriously.
Wow, a shameless (and poorly produced) hype for a lobbying job, and he’s not even out of office yet…
Thanks Paul, for showing us all, without even a dollop of subtlety, what a deceitful PoS you have always been.
Is he though? I’ve heard this floated before, but it doesn’t make sense. If his “retiring” from the house indicates a possible 2020 run, I really don’t see him primarying Trump. If it’s 2024, that would be too long to not be in the political spotlight and the public view.
He’s definitely up to something. That he disappeared completely for the last year while the country burns is telling. I detest this one more than the others because he’s such a chickenshit.
“Political suicide?” More like a quiet murder of true fiscal integrity.
I tried out for the part of the buck-fiddy improvement in consumer bottom line, but didn’t get a call back…
It helps to fill the gaping hole inside. But nothing will satisfy that itch until he can dismantle social security and give the rest of the social security fund out as tax refunds.
So now releasing a video/documentory/self-glorification piece takes the place of a book as the precursor for a Presidential run? Not saying he’d run against Trump. He’s too skeered of the Tweeter.
But perhaps anticipating 2020 won’t include Trump. So he’s got to be positioned… ?
Does it include the part where the GOP congress is polling slightly below toe fungus?