#1 Very Taxing time in Ohio
Posted: Thu, 07 Apr 16, 15:11 pm
So I recently had my tax returns done including my state returns, here in Ohio. I ended up with a healthy (by state standards, not federal, which with all the credits can get absurd ) return. On a per paycheck basis, it came out to around $20 extra being withheld from each of my checks.
I consulted with my accountant, and he said I should check how many withholding allowances I had and try adjusting them. So I went to payroll at work and asked about my withholding and to get a state form to change it. To my chagrin, according to the form you could not legally change the number of exemptions on your withholding without a reason (birth, marriage, death etc.) I had the amount I was legally allowed to have, 4, but something was amiss. I talked to the payroll person and she pulled up the bi-weekly withholding tables for the state. Here is where some very astonishing revelations occurred.
First: For my pay level, which is way, way below that of the "poverty stricken" GHRocketman, even with the maximum of ten deductions for payroll, I would get $17.54 withheld from each check!
Second; That again with the maximum allowable deductions of ten, I would have to make less than $13,500 yearly before nothing would be withheld from a paycheck. Substantially less for a family of four.
Third: Most people are really ignorant about payroll taxes. When discussing what I wanted to do with the payroll person, she was like "well you have to pay your taxes. We each have to give our share." and other liberal moronic platitudes. When I tried to explain the concept that "our taxes" weren't due until April and that the payroll stuff was just to be to keep it from hurting so much in April, and not to give the government more than my "fair share", she just looked perplexed like I was speaking Klingon.
What this amounts to is me (and plenty more in Ohio) are giving Governor (and Presidential candidate) John Richard Kasich an interest free loan to "balance the budget with. This is mandatory and there is no way that I found to legally lower the amount.
One last thought for any Kasich supporters out there, He also apparently has helped get an earned income credit for Ohio. Yes he is very big brother in that "I'm with the government and here to help" way.
I consulted with my accountant, and he said I should check how many withholding allowances I had and try adjusting them. So I went to payroll at work and asked about my withholding and to get a state form to change it. To my chagrin, according to the form you could not legally change the number of exemptions on your withholding without a reason (birth, marriage, death etc.) I had the amount I was legally allowed to have, 4, but something was amiss. I talked to the payroll person and she pulled up the bi-weekly withholding tables for the state. Here is where some very astonishing revelations occurred.
First: For my pay level, which is way, way below that of the "poverty stricken" GHRocketman, even with the maximum of ten deductions for payroll, I would get $17.54 withheld from each check!
Second; That again with the maximum allowable deductions of ten, I would have to make less than $13,500 yearly before nothing would be withheld from a paycheck. Substantially less for a family of four.
Third: Most people are really ignorant about payroll taxes. When discussing what I wanted to do with the payroll person, she was like "well you have to pay your taxes. We each have to give our share." and other liberal moronic platitudes. When I tried to explain the concept that "our taxes" weren't due until April and that the payroll stuff was just to be to keep it from hurting so much in April, and not to give the government more than my "fair share", she just looked perplexed like I was speaking Klingon.
What this amounts to is me (and plenty more in Ohio) are giving Governor (and Presidential candidate) John Richard Kasich an interest free loan to "balance the budget with. This is mandatory and there is no way that I found to legally lower the amount.
One last thought for any Kasich supporters out there, He also apparently has helped get an earned income credit for Ohio. Yes he is very big brother in that "I'm with the government and here to help" way.