My wife had it happen to her today.
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Someone said that big corps are changing their employees tax status, unbeknownst to them.
They are. They did our entire company a few months ago.
Is your company a really large one?
Mid-size IWhen we received our W-2s we were absolutely in shock! Many of us went down to speak to HR and found this was done recently without our knowledge
Can you say what you noticed? I wonder if this is liberal CEOs or HR doings?
Can you explain what this means? What is a "tax status"? Is that on my W2 somewhere?
They increased the rate of pay to people to increase the amount it takes to come up with the money when it comes time for taxes that all of a sudden have to be paid instead of earned. When this all goes down - there won't be a surplus of funds ... there will be a shortage ... combined with the electric bills of the middle U.S. there will be a massive shortage of funds circulating to the positive in the U.S.
It will start a Venezuela effect.
Wait, so they said they paid more to employees than they did? What do you mean by “they increased the rate of pay?” Because my wife and I worked for the same company and both our W2s seem high on the wages. Haven’t had time to verify yet.
They've increased the amount of dependents on many people's tax returns- this increases the amount of work pay but decreases the amount of tax return pay .... it causes an employee to pay more in taxes at the end of the year.
If a person files correctly ... meaning they file the amount they are supposed to pay and not what their company said ... it will cause a huge discrepancy in what is owed ... but they are supposed to pay what is owed because that is what was filed to IRS.
An increase in the number of deductions on your W4 withholding form increases take home pay slightly but not the gross pay. The tax owed stays the same but they withheld less money so you might owe (more) money in taxes when you file. They might do this to give the impression we get more money under a fake resident Biden.
This is on your w4
Oh to like exempt status or something? That’s fucked up.