Posts Tagged ‘withholding’


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Tax System Remains Punitive


Friday February 16th, 2018   •   Posted by K. Lloyd Billingsley at 9:28am PST   •   0 Comments

As we noted, the Republicans’ tax bill lowers the corporate rate from 35 to 21 percent and according to the New York Times it will cut taxes for about 75 percent of filers in 2018. That is good news for taxpayers, who would do well to consider realities that have not changed, such as…
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Tis the Season for Tax Sticker Shock Abuse


Tuesday December 6th, 2016   •   Posted by K. Lloyd Billingsley at 10:10am PST   •   1 Comment

Property tax bills showed up back in October in envelopes reading: TAX BILL – OPEN IMMEDIATELY. Note the light touch, sort of like “hand over the wallet, Jack!” This year, many taxpayers will have to dig deeper in their wallet, but not because California’s county governments are providing them more and better services. The…
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Withhold Applause for Unhappy Anniversary


Wednesday July 2nd, 2014   •   Posted by K. Lloyd Billingsley at 8:28am PDT   •   1 Comment

Seventy-one years ago, on July 1, 1943, the federal government first started withholding income tax from workers’ paychecks. For the first time, the government would get workers’ money even before the workers did. As a freerepublic blogger noted on the 60th anniversary, that’s not exactly an occasion for celebration. “Why is withholding so bad?…
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Your Paycheck in 2011


Tuesday January 4th, 2011   •   Posted by Craig Eyermann at 10:37am PST   •   0 Comments

Compared to how January 2011 might have played out, where every taxpayer in the United States would have received a smaller paycheck if the 111th U.S. Congress hadn’t acted to extend the 2001 and 2003 tax cuts, the Congress’ late action to extend those tax rates for another two years, while also throwing in…
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