Republicans boasted all last year that their new tax law boosted paychecks and showered bonuses on several million workers.
But now that tax season is upon us, several million Americans are getting a nasty surprise: a bill from the Internal Revenue Service that they never expected.
Beth Callori of Long Island, New York, said she was thrilled to receive about $90 more in each paycheck last year. Thanks to the new lower federal income tax rates, Callori’s employer, a financial services firm, was withholding less from her paycheck for federal tax purposes.
“I thought, ‘Wow, Trump is great, I love him,’” Callori said.
But last week Callori heard from her tax preparer that she owes the federal government more than $5,000 ― almost
five times as much as she had to pay in previous years.
“I almost fell out of my chair. I could not believe it,” she said. “I voted for Trump. I thought he was going to be good for this country, but when I got that phone call, that’s it, I’m done.”