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Thread: Trump Fucking Over the Middle Class

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    Trump Fucking Over the Middle Class

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

    Mary Papenfuss, HuffPost 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.
    Last edited by Nickdfresh; 02-09-2019 at 06:23 PM.
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    No comments, you pussies!!????

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    Who cares? Refunds are due to overpayment. Set your shit up so you keep more money every week.
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    Quote Originally Posted by twonabomber View Post
    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!

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    Quote Originally Posted by Nickdfresh View Post
    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.
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    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.
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    Quote Originally Posted by Nitro Express View Post
    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.
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    Quote Originally Posted by Nickdfresh View Post
    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..?
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