Taxing and spending

APRIL 18, 2019 | by Bruce Van Wyngarden | MEMPHIS FLYER (TENNESSEE)

By Bruce Van Wyngarden, includes “… So, if your taxes were cut, why are you having to pay more at tax time this year? Last summer, the GAO issued a warning to employed taxpayers to check their withholding status, which for most wage-earners went down under the new law. The reason for the warning being that the less the government withholds from your paycheck, the more you owe at the end of the year. Hence all the surprised — and ticked off — folks who are suddenly having to pay the IRS instead of getting a check.”