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Reply to "Trump voters getting tax shock and regretting their votes"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]“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[/quote] Excellent. In the perfect world there should be zero refunds.[/quote] 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.[/quote] +1[/quote]
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