My wife had it happen to her today.
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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.
Got it, that’s not what happened to us then. Our W2s appear to have at least a couple weeks’ pay added to them that we never received. Like I said though, I have to verify through our bank records, but the numbers don’t add up.
It's happening to people who work for major corporations more than any other.