Tired of not-winning? ... Average Tax Refunds Down 8.4 Percent As Angry Taxpayers Vent On Twitter

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.

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.
What planet do you live on?

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.
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.

You are the one making things up. The trend of manufacturing jobs coming back started under Obama whether you like it or not. The fact is that neither Obama nor Trump have had anything to do with it. I am opposed to bad policy whether it is Republican or Democrat. I oppose raising the top rate to 70% and I opposed the Republican tax reform. Ronald Reagan did a lot of good things and he did it by compromising. Something Trump is incapable of doing. You are not a loyal American as you put Trump ahead of the country.
You are lying about manufacturing jobs coming back under Obama, and you are either ignorant or lying about President Trump having nothing to do with manufacturing jobs coming back since he became president.
 
shame on conservatives for making a deal with the devil and supporting trump just to pass a tax and fill the bench with right wing ideologues. Trump's true believers swallow his bullshit like it's chocolate desert

i feel sorry for them, because they will suffer the most from his heartless policies
 
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.

.

The SALT deduction is not a subsidy. Even Mark Levin pooh poohs that notion. Red states leach off of blue states.

States like Texas?
 
Your stupid.
Irony-Meter-Splode.jpg
 
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

By then it is too late. They do not give financial advice.
that's correct, Edward Jones, Prudential, Fidelity , Merrill Lynch, they all give financial advice. dude you need to go to school. I'm just saying, we're done trying to educate you in here.
 
It is a special kind of stupid to complain that people who have a negative income tax burden, that is...they get more back then they pay in... when they STILL RECEIVE MORE THAN THEY PAY IN...but not quite as egregious... they say they are paying more taxes!
Once again the old adage comes to mind...

Give someone something for nothing, and they will thank you.
Give it them again, and they will expect it again.
Give yet again...and they will demand it.

 
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.

.

The SALT deduction is not a subsidy. Even Mark Levin pooh poohs that notion. Red states leach off of blue states.


Bullshit, all tax expenditures are subsidies, for children, for college students and for SALT taxes. Why should a guy pay less federal income tax just because he lives in a 600K house to keep up with the Jone's, while someone with the same income pays more because he lives in a more frugal home valued at 350K? Come on hero, show us how smart you are.

.
 
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.

.

The SALT deduction is not a subsidy. Even Mark Levin pooh poohs that notion. Red states leach off of blue states.


Bullshit, all tax expenditures are subsidies, for children, for college students and for SALT taxes. Why should a guy pay less federal income tax just because he lives in a 600K house to keep up with the Jone's, while someone with the same income pays more because he lives in a more frugal home valued at 350K? Come on hero, show us how smart you are.

.

Bingo.
 
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?


If people are too stupid to know what's going on with their own taxes, perhaps they should seek professional advice. They don't need a CPA, the average H&R Block employee could do it.

.
 
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.
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?

Man, are you one got-damned soopit sumbitch.

It depends on the amounts. If you are getting $1500 then the amount you could collect in interest is hardly worth the effort. Most people can't pinpoint how much they are getting back without a tax accountant.
And the fact that it's your money all along means nothing to you.....M'kay.
 
shame on conservatives for making a deal with the devil and supporting trump just to pass a tax and fill the bench with right wing ideologues. Trump's true believers swallow his bullshit like it's chocolate desert

i feel sorry for them, because they will suffer the most from his heartless policies
dude are you jekyll and hyde? one day you're a conservative, the next a leftist. I will admit, I can't figure you out. So instead, I'll call you a mental case.
 
Too busy to go back and find the original post, re 'because we shouldn't pay taxes on taxes' reply, but of course the answer is states shouldn't be taxing wages in the first place, several states don't tax payrolls, so that is a red herring argument. If people allow that, then tough, they can pay Federal taxes on their income like the states that don't tax wages. Wages shouldn't be tax at all, since they aren't real income, they're merely barter for time and skills; there is no net gain or added value involved in the transaction; their employers realize the gains and income. That is where your 'double tax' comes in, when govts. tax wages, not the other way around.
 
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.
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?

Man, are you one got-damned soopit sumbitch.

It depends on the amounts. If you are getting $1500 then the amount you could collect in interest is hardly worth the effort. Most people can't pinpoint how much they are getting back without a tax accountant.

They can pinpoint inflation rates, since most people spend most of their income or all of it and then some, they are better off, whether the idiots can do the math or not is irrelevant.
 
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?
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.

God I am so sick of the rightwing being too stupid to know this very basic information.

Stay focused...are you wanting to discuss the effective tax rates of the rich or of corporations?
Corporations rarely pay income tax as profits are passed through to shareholders via schedule K1 form.
Considering how quick you stupid people are to call others stupid I’ll bet you already knew that right?
Yeah obviously there is a difference between the two, but top earners still pay a low effective tax rate. I don’t think your dumbass even knew what an effective tax rate was until I explained it.
 
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?
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.

God I am so sick of the rightwing being too stupid to know this very basic information.

Stay focused...are you wanting to discuss the effective tax rates of the rich or of corporations?
Corporations rarely pay income tax as profits are passed through to shareholders via schedule K1 form.
Considering how quick you stupid people are to call others stupid I’ll bet you already knew that right?
Yeah obviously there is a difference between the two, but top earners still pay a low effective tax rate. I don’t think your dumbass even knew what an effective tax rate was until I explained it.

Don’t flatter yourself BillyBoy...you aren’t smart enough or rational enough to teach third graders.
So now that you’re focused, let’s get back on topic.
Top 20% of Americans Will Pay 87% of Income Tax
They pay your way now...how much more of your responsibility do you want them to cover? Beg away...this is fascinating.
 

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