Trump Fucking Over the Middle Class

[Nickdfresh]

Average Tax Refunds Down 8.4 Percent As Angry Taxpayers Vent On Twitter

Mary Papenfuss, HuffPost (https://www.yahoo.com/news/average-tax-refunds-down-8-054836423.html) 16 hours ago

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.

The number of refunds sent out by the IRS was also down — about 24 percent — as the agency struggled to get up to speed after the government shutdown. The agency sent out about 4.67 million tax refunds in the week ending Feb. 1, compared with about 6.17 million in the same period in 2018, according to IRS data.

This year’s filing season, which began two days after the shutdown ended on Jan. 25, is complicated because it’s the first after the 2017 tax law was enacted. Though President Donald Trump boasted that the new code would be so simplified that people could file their taxes on a postcard, that’s not the case.

In addition, the changes complicated payroll withholding, so that not enough money was withheld by employers in many cases, meaning that people now owe more taxes. The new law also capped IRS deductions for paid state and local taxes, including real estate taxes, resulting in a nasty surprise for many filers. Several other deductions are no longer allowed.

The frustrations will likely continue to fuel support for plans to boost taxes on the ultra-wealthy. A poll last month found that nearly 60 percent of registered voters support a plan by Rep. Alexandria Ocasio-Cortez to impose a 70 percent marginal tax rate on the portion of annual income that exceeds $10 million a year.

Twitter is filling up with complaints from people whose situation has changed radically.

[Nickdfresh]

No comments, you pussies!!????

[twonabomber]

Who cares? Refunds are due to overpayment. Set your shit up so you keep more money every week.

[Nickdfresh]

Who cares? Refunds are due to overpayment. Set your shit up so you keep more money every week.

Em, no. You're getting less. I mean, we have billionaires to subsidize!

[Nitro Express]

Em, no. You're getting less. I mean, we have billionaires to subsidize!

Yeah but the truth is both parties are bought and paid for by billionaires. I love it when Warrant Buffet and Bill Gates say they wish they paid more in tax. Well guys nobody is stopping you from donating your money if you feel guilty. No there is a game that rich fucks like Gates and Buffet and others say they are liberals and support liberal causes but it's all BS. Hard to shake these guys down when most politicians are bought by them. As far as the taxes go it all depends on where you live. If you live where taxes are high and you no longer can deduct them it hurts. In other places you might come out ahead. For me no real change on the taxes.

[FORD]

Bill Gates & his dad ( a rich corporate lawyer himself) actually tried to pass a state income tax here in Washington which would have only applied to the rich. Their opposition? Yep... other billionaires. And a lot of that funding wasn't even from billionaires that even lived in this state. They were just afraid the idea might catch on to other states.

[Seshmeister]

Yeah but the truth is both parties are bought and paid for by billionaires. I love it when Warrant Buffet and Bill Gates say they wish they paid more in tax. Well guys nobody is stopping you from donating your money if you feel guilty.

I don't think those 2 are very good examples when they are giving away billions. I don't really understand why all billionaires don't give away most of their money but that's probably a reason I'm not one but if you were going to surely you would rather spend it on eradicating polio and malaria than having a nagging doubt that most of your cash was pissed away on some corporate welfare program for pointless F35s and tanks.

[ZahZoo]

No comments, you pussies!!????

All this whining and crying about refunds... it defies logic and simple common sense!!

The tax rates decreased... the feds decreased payroll withholding... net result = you paid less taxes overall during all of 2018. Plus you didn't... key point here... over-pay your taxes as much as you were previously so you get a smaller refund. It's all your damn money to begin with.

What fucking part of the truth do you not understand... you gave less money to the government all year and received it in your pay check..?

People are complaining that the government took less of their money all year long... refund means you gave the government a tax free loan on average of around $3000 per year previously. Yet people are complaining that they didn't over-pay as much..?

[Kristy]

That's some sweet Rethuglicon tax rhetoric there, lades and gentlemen

[ZahZoo]

Rhetoric..?

Payroll tax withholding is not a personal savings plan. The federal government is not a bank!! Holy shit, have you paid attention to how Washington spends our money..?

A tax refund means you over-paid your taxes... think about that. You worked hard and gave the government more money that you are required by law to give them. The government is not giving you it's money... it's returning YOUR money!!

Cry me a fucking river because you didn't over pay your taxes as much...

[Nickdfresh]

All this whining and crying about refunds... it defies logic and simple common sense!!

The tax rates decreased... the feds decreased payroll withholding... net result = you paid less taxes overall during all of 2018. Plus you didn't... key point here... over-pay your taxes as much as you were previously so you get a smaller refund. It's all your damn money to begin with.

What fucking part of the truth do you not understand... you gave less money to the government all year and received it in your pay check..?

People are complaining that the government took less of their money all year long... refund means you gave the government a tax free loan on average of around $3000 per year previously. Yet people are complaining that they didn't over-pay as much..?

What I don't understand, old man, is your ignorance of the slaughter of deductions where many ARE paying higher taxes. As Amazon pays none...

[Nitro Express]

All this whining and crying about refunds... it defies logic and simple common sense!!

The tax rates decreased... the feds decreased payroll withholding... net result = you paid less taxes overall during all of 2018. Plus you didn't... key point here... over-pay your taxes as much as you were previously so you get a smaller refund. It's all your damn money to begin with.

What fucking part of the truth do you not understand... you gave less money to the government all year and received it in your pay check..?

People are complaining that the government took less of their money all year long... refund means you gave the government a tax free loan on average of around $3000 per year previously. Yet people are complaining that they didn't over-pay as much..?

Well you have to have a job Zahzoo to understand payroll withholding and refunds. Many people on the left never had a job.

[Nitro Express]

Rhetoric..?

Payroll tax withholding is not a personal savings plan. The federal government is not a bank!! Holy shit, have you paid attention to how Washington spends our money..?

A tax refund means you over-paid your taxes... think about that. You worked hard and gave the government more money that you are required by law to give them. The government is not giving you it's money... it's returning YOUR money!!

Cry me a fucking river because you didn't over pay your taxes as much...

People who never earned any money and dream about a Free Stuff utopia pay no attention what Washington does with the tax dollars of people who work for a living. It's all about Free everything Zahzoo. That's the wet dream.

[ZahZoo]

What I don't understand, old man, is your ignorance of the slaughter of deductions where many ARE paying higher taxes. As Amazon pays none...

Ignorance eh? There's only one group of people in which deductions have significantly shifted their tax burden. For most of the nation, the standard deduction more than covers anything they could have gotten by itemizing, therefore simplifying their tax submissions and saving them a few hundred dollars in tax preparation fees and paying less in their overall adjusted tax rate than in 2017.

Now, for those who are crying the most, like you, are people from high tax states and $10K cap on deducting their outrageous state and local taxes. Where should your angst be directed..? The feds for capping your write-off or the state, county and city that's been taxing your ass so heavily to begin with..?

Amazon isn't a middle-class citizen... I don't give a rats ass what they pay in taxes. It's still millions or billions more than you and i combined even with their loopholes and financial engineering.

[Nickdfresh]

Well you have to have a job Zahzoo to understand payroll withholding and refunds. Many people on the left never had a job.

Obviously dipshit, we're talking about people who have jobs. Em, "middle class"?

How many libertarian and corporate fucktards strive to keep lowering taxes while enjoying all of the massive infrastructure they think is just free....

How many welfare collectors in Red states voted for Trump? LOTS!

[Nickdfresh]

Ignorance eh? There's only one group of people in which deductions have significantly shifted their tax burden. For most of the nation, the standard deduction more than covers anything they could have gotten by itemizing, therefore simplifying their tax submissions and saving them a few hundred dollars in tax preparation fees and paying less in their overall adjusted tax rate than in 2017.

Now, for those who are crying the most, like you, are people from high tax states and $10K cap on deducting their outrageous state and local taxes. Where should your angst be directed..? The feds for capping your write-off or the state, county and city that's been taxing your ass so heavily to begin with..?

Horseshit. My angst should be directed at those advocating idiotic tax policies that do not benefit the middle class and seem to contribute to the crushing of it and overall policies that favor wage stagnation. There's a reason why middle to upper middle class white people in suburbs are increasing going Blue and the GOP is shitting itself over it...

And again, every "high tax" state is also high income state that sends a lot more to the federal treasury to float stupid hicks in the deadbeat Red states that suck more out of the the treasury...


Amazon isn't a middle-class citizen... I don't give a rats ass what they pay in taxes. It's still millions or billions more than you and i combined even with their loopholes and financial engineering.

Well, I guess the while thing sails right over your head and you're the typical uninformed sleeper that doesn't "read" much. The whole premise behind the lowering of the corporate tax rate to 20%, which I am all for, is that they actually have to pay the their fucking taxes to begin with. It's just a two-faced bullshit argument floated by Republicans. But hey, Trump wants more cuts that benefit him....

[Nickdfresh]

AP FACT CHECK: Blue high-tax states fund red low-tax states
By STEPHEN OHLEMACHER
December 9, 2017

In this Dec. 5, 2017, photo, House Speaker Paul Ryan of Wis., speaks on Capitol Hill in Washington. Republican leaders have spent months promoting the myth that red low-tax states are subsidizing blue high-tax states because of the deduction for state and local taxes. (AP Photo/J. Scott Applewhite)
WASHINGTON (AP) — Republican leaders have spent months promoting the myth that red low-tax states are subsidizing blue high-tax states because of the deduction for state and local taxes.

An Associated Press Fact Check finds it’s actually the other way around. High-tax, traditionally Democratic states (blue), subsidize low-tax, traditionally Republican states (red) — in a big way.

Republicans are trying to eliminate the deduction as part of the sweeping tax package working its way through Congress. They added back a deduction for up to $10,000 in property taxes, in a concession to Republicans from high-tax states such as New York and New Jersey. California Republicans are pushing to extend the deduction to local income taxes, too.

It is true that taxpayers in high-tax states benefit the most from the deduction. However, these states send far more tax dollars to Washington than residents in low-tax states.

In fact, most high-tax states send more money to Washington than they get back in federal spending. Most low-tax states make a profit from the federal government’s system of taxing and spending.

HOUSE SPEAKER PAUL RYAN:

— Ryan said the rest of the country is “propping up profligate, big-government states.”

— “States that got their act together are paying for states that didn’t,” the Wisconsin Republican said.

TREASURY SECRETARY STEVEN MNUCHIN:

— “We are getting the federal government out of the business of subsidizing states. That is going to impact high-tax states.”

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.

California fared a bit better than other blue states. It received 96 cents for every dollar the state sent to Washington.

On average, states received $1.14 in federal spending for every tax dollar they sent to Washington. That’s why the federal government has a budget deficit.

___

Follow Stephen Ohlemacher on Twitter at http://twitter.com/stephenatap

https://www.apnews.com/2f83c72de1bd440d92cdbc0d3b6bc08c

[Nickdfresh]

So the people actually generating the economy are getting fucked...

[ZahZoo]

You talk about states faring better... have you ever been to Mississippi, Kentucky, West Virginia..? Take a trip... when you get back tell me about how those folks are living the good life on all that federal money they get...

[Nickdfresh]

You talk about states faring better... have you ever been to Mississippi, Kentucky, West Virginia..? Take a trip... when you get back tell me about how those folks are living the good life on all that federal money they get...

Well old man fuck face, apparently the results are in and yeah, no one in the middle class really benefits from the Trump tax cuts...


Fucking douchebags, nice "like" Sesh...


Both of you old fucks can blow Trump harder...

[Nitro Express]

Well old man fuck face, apparently the results are in and yeah, no one in the middle class really benefits from the Trump tax cuts...


Fucking douchebags, nice "like" Sesh...


Both of you old fucks can blow Trump harder...

The only way Trump could win the last election is he had to get 18% of the Bernie voters to vote for him. Of course when the Democrat Party used their superdelegates to throw Bernie under because Hillary Clinton had a big foundation to buy people off that pretty much tipped the scale over to Trump. In this next coming election 45% of the voters will vote for Trump. The other 45% will vote for whoever the Democrats run so only 10% will decide who the next president will be because it's still all about partisan politics. Taxes might be an issue that sways that 10% over to the Dems. We will see. Of course it all depends on where you live. I haven't heard people complain here but maybe in places like New York City and Los Angeles where you have more local taxes that you can't deduct it's different.

Also you have to realize that not all the states are the same as far as how much federal land is in the states. Out west where I live large percentages of the states are federal land. Either US Forrest land or BLM land. Federal money goes to maintain federal facilities, national parks, roads, bridges and fight the many forrest and brush fires that happen. You can't compare states across the board on how much federal money each gets. States like Utah, Idaho, Nevada and Wyoming have large amounts of federal land where back in the midwest and the east there is more private land.

[Nitro Express]

Obviously dipshit, we're talking about people who have jobs. Em, "middle class"?

How many libertarian and corporate fucktards strive to keep lowering taxes while enjoying all of the massive infrastructure they think is just free....

How many welfare collectors in Red states voted for Trump? LOTS!

I think I saw more people on welfare when I lived in New York than anywhere else I have lived. I pretty much live in a tax haven now. I don't think there are too many people on welfare around here. Oh we get lots of federal money but that goes to maintain Yellowstone National Park. Grand Teton National Park and all the BLM and US Forrest Service land we have out here. We have no state income tax because we have oil and tax our oil exports.

[ZahZoo]

Well old man fuck face, apparently the results are in and yeah, no one in the middle class really benefits from the Trump tax cuts...


Fucking douchebags, nice "like" Sesh...


Both of you old fucks can blow Trump harder...

Hmmm... I fall into the middle-class income range and paid over $12k less in federal and over $500 less in state taxes with nearly the same income and exemptions compared to 2017.

Cuss it up, hot rod... that appears to be a benefit of the tax cuts Congress and my state passed last year. Tell me again, how this is a bad thing..?