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Originally Posted by Jim in CT
The personal decreases will likely be made permanent, there was some procedural reason why they couldn't all be made permanent.
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It was because the deficit projection would have made the law illegal.
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In any event, a 10-year bump in take home pay is better than no bump, right? I didn't get a tax cut from 2009-2016, and neither did anyone else I know. I did see health insurance costs skyrocket, because despite what any idiot claims, if you insure more people and you cover more things, costs will go up, not down. Maybe Obama should have taken one less course in community activism, and one more course in Finance.
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Jim, your withholding allowance changed, that doesn't mean your net pay will be that much better for the year.