The feces has hit the fan at tax refund time as low and middle-class Americans are finding that Trump has his hand in their pocket and has stolen money from their refunds.
The wealthy are still doing just fine. The lies about the Trump tax cuts is now exposed that the low and middle class are financing the tax cuts for the wealthy people and corporations.
Donald Trump won't be able to spin his way out of the tax cut lie.
Average Tax Refunds Down 8.4 Percent As Angry Taxpayers Vent On Twitter | HuffPost
Average Tax Refunds Down 8.4 Percent As Angry Taxpayers Vent On Twitter
Many workers who had always gotten a refund find out they now owe the IRS.
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By Mary Papenfuss
Average tax refunds were down last week 8.4 percent for the first week of the tax season over the same time last year, according to the Internal Revenue Service. Dipping refunds are inflaming a growing army of taxpayers stunned by the consequences of the Trump administration’s tax law — and the effects of the partial government shutdown.
The average refund check paid out so far has been $1,865, down from $2,035 at the same point in 2018, according to IRS data. Low-income taxpayers often file early to pocket the money as soon as possible. Many taxpayers count on the refunds to make important payments, or spend the money on things like home repairs, a vacation or a car.
The IRS had estimated it would issue about 2.3 percent fewer refunds this year as a result of the changes in the federal tax law, according to Bloomberg. MSNBC reports that 30 million Americans will owe the IRS money this year — 3 million more than before Trump’s tax law.
“There are going to be a lot of unhappy people over the next month,” Edward Karl of the American Institute of CPAs told Politico. “Taxpayers want a large refund.” Some 71 percent of taxpayers received refunds last year worth about $3,000 on average, according to Karl.
Scads of taxpayers are complaining on Twitter that they have always received a refund — but now owe the IRS instead. ...
more evidence that these leftists have no idea how taxes work. They don't get it that for eleven months you received 400 a month more from the tax cut received for use throughout the year, that your end of year refund would be minus the 400 times eleven months of received money you could use to invest and actually make more money. Only on the left. wow, the stupid is so powerful with these leftists.
The reason that the tax withholding tables were revamped was because of politics. Republicans wanted to play politics and show people their tax cuts such as they were. The Treasury apparently wanted to reduce or eliminate tax refunds when they revamped the tax tables. It would have been better to leave the old tables in place and let people get their refunds and see if they wanted to reduce their withholding.
Republicans finally told the blue states that they should pay as much federal tax as the lower taxed red states. Why should the poor have to pick up more of the tab from a liberal blue state? You dimwitocraps, sure did want tax FAIRNESS, until it came to a state near you...
HUH? Is that an alternative fact?
From the Associated Press:
AP FACT CHECK: Blue high-tax states fund red low-tax states
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THE FACTS:
Connecticut residents paid an average of $15,643 per person in federal taxes in 2015, according to a report by the Rockefeller Institute of Government. Massachusetts paid $13,582 per person, New Jersey paid $13,137 and New York paid $12,820.
California residents paid an average of $10,510.
At the other end, Mississippi residents paid an average of $5,740 per person, while West Virginia paid $6,349, Kentucky paid $6,626 and South Carolina paid $6,665.
Low-tax red states also fare better when you take into account federal spending.
Mississippi received $2.13 for every tax dollar the state sent to Washington in 2015, according to the Rockefeller study. West Virginia received $2.07, Kentucky got $1.90 and South Carolina got $1.71.
Meanwhile, New Jersey received 74 cents in federal spending for tax every dollar the state sent to Washington. New York received 81 cents, Connecticut received 82 cents and Massachusetts received 83 cents.""""
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Good deal. Pay your fair share.
