Quote:
Originally Posted by Trakrat
how did I make more money? huh? household income dropped by nearly 30% due to job change, and yet I owe this time, and more than I had anticipated, especially since before the job change, we actually got a nice refund.
But yeah... it MUST be nice making 600K plus. I'd be able to retire in 5 years if I had a salary like that!!!
|
The effective tax rate dropped, so your employer took less out of your check. You are keeping more $ in your pocket instead of letting the government hold on to it tax free. Also, your standard deduction went up considerably this year. That could have caused you to not be able to itemize your deductions this year. The wife and I were barely able to itemize this year.