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Are you really stupid enough to believe that the rich actually pay the tax rate they are given? What they pay as the EFFECTIVE rate is NOT the OFFICIAL rate. 2/3 of corporations pay nothing in federal taxes because of the deductions and loopholes they take advantage of. Overall, the effective tax rate of corporations is at 11% - a far cry from the official 35% they deliberately go around.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.
headshot
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. ...
All those evil rich folks who pay your way took a big hit on their mortgage interest deduction values...The bottom feeding degenerates should be happy...no?
God I am so sick of the rightwing being too stupid to know this very basic information.
It's grade school math, which is why it flies right over their heads.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.
headshot
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. ...
Now let me say this
If people are paying less taxes every week because they are taking more in their paychecks wouldn't their tax refunds be lower?
The question to be answered is how mach actual tax was paid compared to the previous year not how much difference there is in the refund
Are you really stupid enough to believe that the rich actually pay the tax rate they are given? What they pay as the EFFECTIVE rate is NOT the OFFICIAL rate. 2/3 of corporations pay nothing in federal taxes because of the deductions and loopholes they take advantage of. Overall, the effective tax rate of corporations is at 11% - a far cry from the official 35% they deliberately go around.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.
headshot
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. ...
All those evil rich folks who pay your way took a big hit on their mortgage interest deduction values...The bottom feeding degenerates should be happy...no?
God I am so sick of the rightwing being too stupid to know this very basic information.
According to this link, US Corporate Income Tax Now More Competitive | Tax Foundation, the effective tax rate is 25.7%.
Now please provide a link that proves that 2/3rd of all corporations don't pay any taxes because I believe you are wrong. More than 50% of Fortune 500 companies paid taxes and I doubt companies with less pull would fare better.
You keep making up these stupid lies because you have no idea why you are opposed to President Trump. Everyone with a functioning brain knows manufacturing jobs did not come back under Obama. In fact, that was a constant criticism of our anemic recovery from the recession. Throughout the 2016 campaign, Obama assured Americans manufacturing jobs were never coming back. The truth is, you seem to be opposed to everything that is making life better for Americans just because there is a Republican in the WH. It might be better if you were a loyal American rather than just a loyal Democrat.What planet do you live on?The only people who paid more taxes are upper income homeowners who live in states with high property taxes. What is sad is that the tax reform along with deregulation has energized the economy so it is now growing at a robust rate and creating new jobs at an astonishing rate, including the largest number of manufacturing jobs since the boom years of the 1990's and the Democrats are opposed to everything that is benefiting all Americans.They also raised taxes on people who are not rich and live in blue states. The rich got the vast majority of the tax cuts.
That is not true. The economy was improving under Obama.. It had nothing to do with Obama or Trump. Manufacturing jobs started coming back under Obama because companies found advantages to manufacturing in the US such as cheap natural gas and maintaining netter control over their manufacturing. These areas with high local taxes are not just found in blue states. Some suburban areas in red states could see taxpayers paying higher taxes because of local taxes as well. Americans largely oppose what Trump has done in regards to taxes and deregulation.
I guess you are on drugs because you cannot accept the truth. The economy is generally too dynamic for any politician to turn on a dime. Manufacturing started coming back to the US under Obama because the advantages started outweighing the disadvantages. When Trump took office, the unemployment rate was 4.7%. That is undeniable except to Trump supporters.
It is mostly because of the limited state and local tax deduction. Last year I was able to deduct $13k but this year the limit is $10k. That being said I also paid a lower tax rate and get a $1.6k child tax credit per child. I ll be doing my taxes next week and see where I come out. What Trump did do was punish the blue states. Where the state and local and RE taxes were super high...like $50k vs my $13k and people used that to lower their Federal Tax burden. This really is a tax on the rich, that the Democrats wanted. I am not sure what they are complaining about.
Another good point re state and local taxes; why give them a Federal tax deduction? They can vote themselves major tax deductions in their own states. No reason for everybody else to help finance their local and state spending, especially states like California and New York. California capped their real estates taxes, a major welfare subsidy for the wealthy, leaving the lower income brackets to make up the difference, and of course their high payroll taxes are ridiculous.
Because it is wrong to require people to pay taxes on taxes. Also California and New York have higher per capita incomes and a higher cost of living. Also states like California and New York get less from the federal government than they pay in taxes while red states get more than they pay in taxes.
Does that include the subsidies they got from SALT deductions? I doubt it. They are tax expenditures.
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That is true however some people use withholding as a way of saving money until they get their refund. The new withholding tables were put in place without the consent of taxpayers.
Sorry dipstick, you can request more be withheld. What you're really saying is most people are too ignorant to manage their own affairs.
.
You are the dipstick as are all Trump supporters. The IRS sets all withholding tables. The only way to affect that is to decide whether or not to carry dependents. People are not ignorant. They use withholding the way they used a Christmas club account at one time. Save some money through withholding and buy something nice when you get your refund.
Damn son, not only are you a dipstick, you're a stupid dipstick.
Have you ever bothered to read the W-4 form? Line 6 allows you to request additional withholding.
https://www.irs.gov/pub/irs-pdf/fw4.pdf
So feel free to loan the feds all the money, interest free, you wish.
.
You are a stupid dipstick. Taxpayers were not informed of the Treasury's desire to lower or eliminate refunds and were unable to do so because of the new tax code.
Interest is hardly the issue. We are talking about 1 year and the interest would be negligible.
Want a bigger refund, have you employer hold out more money, it's that damn simple. So stop you fucking whining, that's a printable form. Fill one out and turn it in to your HR dept.
.
Here's your sign!Sorry dipstick, you can request more be withheld. What you're really saying is most people are too ignorant to manage their own affairs.
.
You are the dipstick as are all Trump supporters. The IRS sets all withholding tables. The only way to affect that is to decide whether or not to carry dependents. People are not ignorant. They use withholding the way they used a Christmas club account at one time. Save some money through withholding and buy something nice when you get your refund.
Damn son, not only are you a dipstick, you're a stupid dipstick.
Have you ever bothered to read the W-4 form? Line 6 allows you to request additional withholding.
https://www.irs.gov/pub/irs-pdf/fw4.pdf
So feel free to loan the feds all the money, interest free, you wish.
.
You are a stupid dipstick. Taxpayers were not informed of the Treasury's desire to lower or eliminate refunds and were unable to do so because of the new tax code.
Interest is hardly the issue. We are talking about 1 year and the interest would be negligible.
Want a bigger refund, have you employer hold out more money, it's that damn simple. So stop you fucking whining, that's a printable form. Fill one out and turn it in to your HR dept.
.
Republicans tried to play politics with the withholding tables and are getting burned. The smarter thing to do would have been to leave the withholding tables alone and let people adjust their withholding after they saw the effects of the new tax laws. You have people now being forced to pay taxes because of the effects of the new tax law. Are you really suggesting people should have hired tax accountants?
Sorry dipstick, you can request more be withheld. What you're really saying is most people are too ignorant to manage their own affairs.
.
You are the dipstick as are all Trump supporters. The IRS sets all withholding tables. The only way to affect that is to decide whether or not to carry dependents. People are not ignorant. They use withholding the way they used a Christmas club account at one time. Save some money through withholding and buy something nice when you get your refund.
Damn son, not only are you a dipstick, you're a stupid dipstick.
Have you ever bothered to read the W-4 form? Line 6 allows you to request additional withholding.
https://www.irs.gov/pub/irs-pdf/fw4.pdf
So feel free to loan the feds all the money, interest free, you wish.
.
You are a stupid dipstick. Taxpayers were not informed of the Treasury's desire to lower or eliminate refunds and were unable to do so because of the new tax code.
Interest is hardly the issue. We are talking about 1 year and the interest would be negligible.
Want a bigger refund, have you employer hold out more money, it's that damn simple. So stop you fucking whining, that's a printable form. Fill one out and turn it in to your HR dept.
.
Republicans tried to play politics with the withholding tables and are getting burned. The smarter thing to do would have been to leave the withholding tables alone and let people adjust their withholding after they saw the effects of the new tax laws. You have people now being forced to pay taxes because of the effects of the new tax law. Are you really suggesting people should have hired tax accountants?
So, you actually like handing the feds hundreds (thousands?) of dollars of your money, interest free, to play with for a year as they see fit?Trumpland is crumbling at the edges as the cement of lies dissolves when exposed to truth.
Only the most deluded and gullible Deplorables are sticking to Trumpery.
Man, are you one got-damned soopit sumbitch.
You are the dipstick as are all Trump supporters. The IRS sets all withholding tables. The only way to affect that is to decide whether or not to carry dependents. People are not ignorant. They use withholding the way they used a Christmas club account at one time. Save some money through withholding and buy something nice when you get your refund.
Damn son, not only are you a dipstick, you're a stupid dipstick.
Have you ever bothered to read the W-4 form? Line 6 allows you to request additional withholding.
https://www.irs.gov/pub/irs-pdf/fw4.pdf
So feel free to loan the feds all the money, interest free, you wish.
.
You are a stupid dipstick. Taxpayers were not informed of the Treasury's desire to lower or eliminate refunds and were unable to do so because of the new tax code.
Interest is hardly the issue. We are talking about 1 year and the interest would be negligible.
Want a bigger refund, have you employer hold out more money, it's that damn simple. So stop you fucking whining, that's a printable form. Fill one out and turn it in to your HR dept.
.
Republicans tried to play politics with the withholding tables and are getting burned. The smarter thing to do would have been to leave the withholding tables alone and let people adjust their withholding after they saw the effects of the new tax laws. You have people now being forced to pay taxes because of the effects of the new tax law. Are you really suggesting people should have hired tax accountants?
Doesn’t everybody with any iQ seek advice from a tax professional when there are revolutionary revisions made within the tax code?
Damn son, not only are you a dipstick, you're a stupid dipstick.
Have you ever bothered to read the W-4 form? Line 6 allows you to request additional withholding.
https://www.irs.gov/pub/irs-pdf/fw4.pdf
So feel free to loan the feds all the money, interest free, you wish.
.
You are a stupid dipstick. Taxpayers were not informed of the Treasury's desire to lower or eliminate refunds and were unable to do so because of the new tax code.
Interest is hardly the issue. We are talking about 1 year and the interest would be negligible.
Want a bigger refund, have you employer hold out more money, it's that damn simple. So stop you fucking whining, that's a printable form. Fill one out and turn it in to your HR dept.
.
Republicans tried to play politics with the withholding tables and are getting burned. The smarter thing to do would have been to leave the withholding tables alone and let people adjust their withholding after they saw the effects of the new tax laws. You have people now being forced to pay taxes because of the effects of the new tax law. Are you really suggesting people should have hired tax accountants?
Doesn’t everybody with any iQ seek advice from a tax professional when there are revolutionary revisions made within the tax code?
Middle class people do not. Usually that is reserved for upper middle class and higher people.
What planet do you live on?The only people who paid more taxes are upper income homeowners who live in states with high property taxes. What is sad is that the tax reform along with deregulation has energized the economy so it is now growing at a robust rate and creating new jobs at an astonishing rate, including the largest number of manufacturing jobs since the boom years of the 1990's and the Democrats are opposed to everything that is benefiting all Americans.They also raised taxes on people who are not rich and live in blue states. The rich got the vast majority of the tax cuts.
That is not true. The economy was improving under Obama.. It had nothing to do with Obama or Trump. Manufacturing jobs started coming back under Obama because companies found advantages to manufacturing in the US such as cheap natural gas and maintaining netter control over their manufacturing. These areas with high local taxes are not just found in blue states. Some suburban areas in red states could see taxpayers paying higher taxes because of local taxes as well. Americans largely oppose what Trump has done in regards to taxes and deregulation.
I guess you are on drugs because you cannot accept the truth. The economy is generally too dynamic for any politician to turn on a dime. Manufacturing started coming back to the US under Obama because the advantages started outweighing the disadvantages. When Trump took office, the unemployment rate was 4.7%. That is undeniable except to Trump supporters.
I see TDS is extreme in this thread. too funny. what a bunch of fruit cakes.
You are a stupid dipstick. Taxpayers were not informed of the Treasury's desire to lower or eliminate refunds and were unable to do so because of the new tax code.
Interest is hardly the issue. We are talking about 1 year and the interest would be negligible.
Want a bigger refund, have you employer hold out more money, it's that damn simple. So stop you fucking whining, that's a printable form. Fill one out and turn it in to your HR dept.
.
Republicans tried to play politics with the withholding tables and are getting burned. The smarter thing to do would have been to leave the withholding tables alone and let people adjust their withholding after they saw the effects of the new tax laws. You have people now being forced to pay taxes because of the effects of the new tax law. Are you really suggesting people should have hired tax accountants?
Doesn’t everybody with any iQ seek advice from a tax professional when there are revolutionary revisions made within the tax code?
Middle class people do not. Usually that is reserved for upper middle class and higher people.
WOW!
H&R Block = $45
Quicken = $45
