Tax Cut Has Arrived
 

Checked my military retired payment for February and was pleased to see an increase of $149!

Hmm, haven't seen it in my entitlement, oh I mean Social Security check yet.

it is more like a "disbursement".

They probably paid in for years, and are now getting some of it back in small installments.

Thank you for your service. This once again great Country thanks you!

Tax Cuts
 

My understanding is the tax cuts don't go into effect until next year.
Perhaps you got a bonus!

Anyone getting a check that has withholding of federal income tax now has a very significant raise! Pay checks, pension checks. It's a great time for America.

Tax cuts are retroactive to 1/1/18. This pay period was the 1st period the new tables were used.

Just "crumbs". Eh?

$149x12=$1788 annual net for the OP. ....and that is just on his military pension.

Crumbs...lol


A bread factory

they must have made a mistake. Did you pay in to Social Security.

I know I can get it cheaper but if I pay $4.00 per loaf I can get 447 loaves of bread for that amount. Google tells me I can get a cup of bread crumbs for every three slices of bread. Without trying to do any more math I suspect that is well over a million more crumbs a year.

And how much will these bonuses increase the national debt? Economists estimate anywhere from $10 to $24 trillion. Sad.

Inflation will be heating up soon. Take those extra few bucks and plant them well.



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Calculate Your Tax
 

I just received a larger pension check but after calculating what I will need to pay in taxes for 2018, it certainly appears I will be paying more. Even though the standard deduction will go up to $12000 but with the elimination of the personal exemption of over $4000 and elimination of other deductions my taxes will increase and I fear I will not pay enough in and be penalized in the end. Be careful before you spend this and determine if your taxes will really go down. Mine will not. I think many people will be surprised when they file next year.

Nearly impossible for a Florida resident. If you are a high income person from a high tax state, paying alimony or adopting a child .... maybe.


Every person who has said that to me so far has either been uninformed or purposely making a false statement.

AARP estimates that 1 in 5 seniors will either see no change in their taxes or will see a tax increase. Good luck to you. At least we can sleep at night knowing that by 2027, 83 percent of the tax benefits will go to the richest 1 percent in the country (according to the nonpartisan Tax Policy Center).