Astrostar
Diamond Member
- Jul 21, 2017
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So, how many Americans drank the Kool-Aid hawked by Trump and the Republicans that their big tax cut would mean "more money in your pocket?" How many would even admit now that Trump's song and dance about taxes influenced their votes? I bet damn few would!
So, perhaps SOME received a little more in their weekly/monthly paychecks. But, would not they also think that with larger paychecks it would stand to reason that tax refunds would be larger also? And, I'm not talking about those with financial smarts, but rather the average Joe who depends on a big tax refund in the spring. For some, tax refunds are the only way they can save money. And, please don't launch into a diatribe about how one should adjust withholding to avoid big refunds which allows the government to use your money interest free. Tell me, what interest? Interest on savings went away with Dubya's economic crash in 2008, and it has not returned. And, if you think that 1-2% is real interest, think again.
The charts in the link are fascinating. We knew that the wealthy would benefit most; the charts prove it!
CHARTS: See How Much Of GOP Tax Cuts Will Go To The Middle Class
So, perhaps SOME received a little more in their weekly/monthly paychecks. But, would not they also think that with larger paychecks it would stand to reason that tax refunds would be larger also? And, I'm not talking about those with financial smarts, but rather the average Joe who depends on a big tax refund in the spring. For some, tax refunds are the only way they can save money. And, please don't launch into a diatribe about how one should adjust withholding to avoid big refunds which allows the government to use your money interest free. Tell me, what interest? Interest on savings went away with Dubya's economic crash in 2008, and it has not returned. And, if you think that 1-2% is real interest, think again.
The charts in the link are fascinating. We knew that the wealthy would benefit most; the charts prove it!
CHARTS: See How Much Of GOP Tax Cuts Will Go To The Middle Class