Originally Posted by KC native
Um, yes we can. Higher rates haven't kicked in for higher income earners haven't hit the books yet. The forms they need to do their taxes usually aren't mailed until the end of January.
This is almost all due to higher tax collections from withholdings.
So if the higher income rates haven't hit the books yet, you are saying that Cosmo is incorrectly jumping the gun by crediting it for the surplus?