The Economy Thread III: Not Actual Advice And You Shouldn't Lie To Investors

[Zealot]

South Korea's stock market has been halted after an 8% drop triggered circuit breakers.

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[Tyrath]

Doesn't sound right to me. Your withholdings might be wrong in your payroll.

Aren't your withholdings actually technically wrong if you are getting thousands in returns?

[synistar]

Doesn't sound right to me. Your withholdings might be wrong in your payroll.

Sounds like high yield savings account interest? That's why my tax bill was way higher compared to 2023/24. Bank offered a good rate on a money market savings account. This on top of inheritance IRA withdrawals (3 more tax years of them checks.) Owe $2k fed, $1.2k state this year.

[Bombur]

South Korea's stock market has been halted after an 8% drop triggered circuit breakers.

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Asia is on fire right now..lol

https://x.com/SpencerHakimian/status...305800931?s=20

[Gredival]

My 401k has been down every day since military action started as I’m sure it has been for most of us

My IRA is up because I invest in the Holy Trinity.

In the name of Northrop Grumman, Lockheed Martin, and Raytheon, Amen.

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[Salodin]

Doesn't sound right to me. Your withholdings might be wrong in your payroll.

Taxes have been going up

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[Tymon]

Aren't your withholdings actually technically wrong if you are getting thousands in returns?

Technically your withholdings are "wrong" if the final number isn't $0, so yeah I guess so. A better word would be different.

My point is that there isn't a reason for someone who filed the same way at the same salary in two consecutive years with no material changes and suddenly have a difference in thousands of dollars to/from. In either direction.

Either the withholdings changed or something was added or omitted from filing that wasn't in TY2024. Synistar mentioned HYSA interest. That's the most likely one, probably. Could also be capital gains earnings or crypto.

Taxes have been going up

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Not really for TY2025... the standard deduction increased and so did the SALT cap. If you don't itemize you should have a lower burden federally this year over last unless your wages increased a lot.

All of this goes completely out of the window if you itemize.

I would be combing through those TurboTax prior year documents trying to figure out where the difference is. To be thousands of dollars, it's a huge miss.

Trump's big fat orange bill didn't change very much for 2025 filers. I underestimated the SD increase and so my withholdings were overestimated. I got back a lot of money. That's the general sentiment right now for most filers.

[synistar]

Oh the biggest glaring one can be if you're filing HOH or Single. That's a few thousand dollars in standard deduction money there.

[Tymon]

Good point, if someone qualified for HOH in 2024 or prior but had to switch to single in 2025 they would have a significant hit.

Otherwise, standard deductions went up. Combined with tax brackets having a 2% inflation adjustment means standard filers owe less, not more.

[Dimmauk]

Turns out I had 1 dependent on my W4. This caused a 2000 dollars dependent credit that ate into my withholding so my end of year federal withholding was $13. I'm not sure when or why that started, but I changed it today. Be careful out there with those ever changing tax codes and brackets.

[Bombur]

https://x.com/YahooFinance/status/20...146191862?s=20

[Qalbert]

https://x.com/PalmyrPar/status/2028821150948561233

[Outlaw]

https://x.com/YahooFinance/status/20...146191862?s=20

"Oh wait. Our machines are always working."

heh

[Tymon]

Every once in a while somebody chimes in that McDonald's machines are always down because they have like a 3 hour cleaning cycle or something and it runs multiple times a day.

Which like, ok, sure... but why haven't they just stopped using those machines?

[Dowzer]

Every once in a while somebody chimes in that McDonald's machines are always down because they have like a 3 hour cleaning cycle or something and it runs multiple times a day.

Which like, ok, sure... but why haven't they just stopped using those machines?

Possibly because of their contract with Taylor Corporation, which besides being in place for over 70 years, is owned by Middleby Corporation, which Vanguard owns the largest share of.

Vanguard also owns the largest share of Mcdonalds.

[Zealot]

https://x.com/YahooFinance/status/20...146191862?s=20

This is going to escalate until the CEO of In-N-Out does a live sex act with a Double Double.

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[6souls]

This is going to escalate until the CEO of In-N-Out does a live sex act with a Double Double.

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I heard that was the plan for Arby's

[6souls]

[6souls]

https://www.dexerto.com/entertainmen...-deal-3330006/

Consulting firm Accenture acquires Downdetector and Speedtest for $1.2B. They bought the companies for their collected data to train AI.

[Zealot]

U.S lost 60,000 jobs in February. Previous jobs reports from the last 2 months were also revised down.

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