yes? thank you, mr. secretary. you are using an out dated or the system will hughes an out dated w-4 form for this year. you will encourage people to go onto a calculator on the irs website to try to figure things out. taxes are messy to begin with. how is this not going to lead to in one way or another some sort of implementation mess? well, you know, i give an enormous amount of credit to the team at treasury and irs working around the clock through the holidays. you mention we had an existing form. we had existing technology. we had to figure out how to fit this in this format. the fact that we have been able to keep the same percentage of people that get refunds. we want today make sure that people weren t over withheld or under withheld. so we ran lots of models to run this. that s phase one. phase two, as soon as the
outdated w4 form for this year. you will encourage people to go on to a calculator on the irs website to figure things out. taxes are messy to begin with, how is this not going to lead to in one way or another some implementation madness? i give an enormous amount of credit for the team treasury and the team and irs who has been working around the clock through the holidays. we had an existing form and technology. we have to figure out how to fit this in this format. the fact that we have been able to keep the same percentage of people that get refunds. we wanted to make sure that people weren t over withheld or under withheld. we ran lots of models to run this. that is phase one, phase two, as soon as the calculator comes out, it will work with the new tax system, child s tax credit