Trump voters getting tax shock and regretting their votes

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The average tax refund so far has shrunk to $2,640 from $3,169 at the same point last year, according to Internal Revenue Service data through Feb. 15 that were released late Friday. That’s a 16.7% drop.

The total number of returns that qualified for refunds was down 26.5% compared with last year and the amount of money refunded was off by 38.8%, the data showed. The IRS has processed 6.6% fewer returns compared with last year because of the partial federal government shutdown.”

https://www.latimes.com/business/la-fi-tax-refunds-decline-trump-irs-20190223-story.html?outputType=amp&__twitter_impression=true

Excellent.

In the perfect world there should be zero refunds.

But we don't live in a perfect world; we live in the real world. Lots of very middle class people (my mom, my stepsister included) purposefully adjust their withholdings to provide them with a windfall at tax return time. Is it a "free loan to the government? Yes. Is it a relatively efficient and passive savings vehicle for the financially unsavvy? Yes.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The average tax refund so far has shrunk to $2,640 from $3,169 at the same point last year, according to Internal Revenue Service data through Feb. 15 that were released late Friday. That’s a 16.7% drop.

The total number of returns that qualified for refunds was down 26.5% compared with last year and the amount of money refunded was off by 38.8%, the data showed. The IRS has processed 6.6% fewer returns compared with last year because of the partial federal government shutdown.”

https://www.latimes.com/business/la-fi-tax-refunds-decline-trump-irs-20190223-story.html?outputType=amp&__twitter_impression=true

This is good news for taxpayers.

Why would anyone favor giving the government an interest free loan? If you get a large refund year after year, you are throwing money away.

They are getting smaller refunds because, unlike the super wealthy, THEIR TAXES WENT UP.

That isn't "good news for taxpayers."

Or it is due to smaller withholding.

Read the articles. These people interviewed haven’t adjusted their withholding.

But the treasury department adjusted the withholding table. Most people get more money per paycheck due to the smaller withholding set by the government.

[Anonymous]

My story -

For the past I don't know how many years... we owed money in April. I tried adjusting our withholding throughout the year, but come April, we always owed money. Anywhere from $1,000 - $4,000.
This year, when the tax changes took effect, we saw an additional ~$400 in our pay each month. I just did our taxes - we are getting a refund of just over $600.

So, this is one Trump voter who is not regretting my vote.

[Anonymous]

Anonymous wrote:

But we don't live in a perfect world; we live in the real world. Lots of very middle class people (my mom, my stepsister included) purposefully adjust their withholdings to provide them with a windfall at tax return time. Is it a "free loan to the government? Yes. Is it a relatively efficient and passive savings vehicle for the financially unsavvy? Yes.

Then, they can still adjust their withholdings to get a bigger return. If they want to give Uncle Sam an interest free loan, they are welcome to do so.

+1.

But let others make better decisions about their own finances and taxes, don't penalize the many for the few.

[Anonymous]

Trump voters actually have to see an actual paycheck to feel regret.

Because a majority of them get their news from Fox and rightwing radio, so they’re totally misled about the reality of the corrupt president who is putting their lives and country in danger by selling out to autocrats worldwide for personal enrichment.

[Anonymous]

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

Multiple studies published since tax reform. Look them up and don't be a moron, please.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

Multiple studies published since tax reform. Look them up and don't be a moron, please.

You’re making the claim. Back it up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

Multiple studies published since tax reform. Look them up and don't be a moron, please.

You’re making the claim. Back it up.

First, I'm a different poster.

Second, YOU made the first claim. Back it up or at least engage intelligently.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

Multiple studies published since tax reform. Look them up and don't be a moron, please.

You’re making the claim. Back it up.

+1
That’s literally the opposite of everything I’ve read. You make a claim, you back it up. It’s not “being a moron” to ask for proof of a rather outlandish claim.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

Multiple studies published since tax reform. Look them up and don't be a moron, please.

You’re making the claim. Back it up.

First, I'm a different poster.

Second, YOU made the first claim. Back it up or at least engage intelligently.

I have made no claims in this thread for which I have not provided evidence.

What’s currently in dispute is the “No. Most are paying less.”

Again, evidence for that, please. There’s plenty backing up the opposite here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

Multiple studies published since tax reform. Look them up and don't be a moron, please.

You’re making the claim. Back it up.

First, I'm a different poster.

Second, YOU made the first claim. Back it up or at least engage intelligently.

I have made no claims in this thread for which I have not provided evidence.

What’s currently in dispute is the “No. Most are paying less.”

Again, evidence for that, please. There’s plenty backing up the opposite here.

+1 What is true is that the ultrarich, of whom there are not many, are paying much much less.
The upper middle income segment of the population is mostly paying more (particularly those from high SALT states).
Lower middle class and poor got very tiny tax cuts, so small most people barely noticed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

Multiple studies published since tax reform. Look them up and don't be a moron, please.

You’re making the claim. Back it up.

First, I'm a different poster.

Second, YOU made the first claim. Back it up or at least engage intelligently.

I have made no claims in this thread for which I have not provided evidence.

What’s currently in dispute is the “No. Most are paying less.”

Again, evidence for that, please. There’s plenty backing up the opposite here.

Additionally, please note that you need to back up “most ARE PAYING less,” not “studies put out by the Republicans years ago while trying to pass their tax bill say that most people WILL PAY less.” TIA!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

Multiple studies published since tax reform. Look them up and don't be a moron, please.

You’re making the claim. Back it up.

First, I'm a different poster.

Second, YOU made the first claim. Back it up or at least engage intelligently.

I have made no claims in this thread for which I have not provided evidence.

What’s currently in dispute is the “No. Most are paying less.”

Again, evidence for that, please. There’s plenty backing up the opposite here.

First claim here is "It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock."

Prove it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 This doesn't mean that people are being more efficient about not overpaying the government during the year. It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock.

No. Most are paying less.

Evidence, please.

Multiple studies published since tax reform. Look them up and don't be a moron, please.

You’re making the claim. Back it up.

First, I'm a different poster.

Second, YOU made the first claim. Back it up or at least engage intelligently.

I have made no claims in this thread for which I have not provided evidence.

What’s currently in dispute is the “No. Most are paying less.”

Again, evidence for that, please. There’s plenty backing up the opposite here.

First claim here is "It means they are paying more taxes, and the people who owe for the first time are in for a nasty shock."

Prove it.

Read the numerous links throughout this thread.