Page 1 of 5 12345 LastLast
Results 1 to 15 of 62

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

  1. #1 | Top
    Join Date
    Apr 2009
    Posts
    9,068
    Thanks
    3,674
    Thanked 8,721 Times in 4,399 Posts
    Groans
    335
    Groaned 679 Times in 584 Posts

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

    Many workers who had always gotten a refund find out they now owe the IRS.

    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.

    https://www.huffingtonpost.com/entry...b0eec79b2379e4




  2. The Following 2 Users Say Thank You to signalmankenneth For This Post:

    LV426 (02-11-2019), ThatOwlWoman (02-10-2019)

  3. #2 | Top
    Join Date
    Jul 2007
    Location
    Detroit, AKA HEAVEN
    Posts
    28,516
    Thanks
    11,530
    Thanked 9,254 Times in 6,314 Posts
    Groans
    641
    Groaned 738 Times in 687 Posts
    Blog Entries
    2

    Default

    It's not the governments fault people are stupid and do not know what a REFUND is.
    WATERMARK, GREATEST OF THE TRINITY, ON CHIK-FIL-A
    Quote Originally Posted by Sigmund Freud View Post
    The fields of mediocre chicken sandwiches shall be sowed with salt, so that nothing may ever grow there again.
    www.gunsbeerfreedom.blogspot.com

    www.gunsbeerfreedom.blogspot.com

  4. The Following User Says Thank You to Quetzalcoatl For This Post:

    Truth Detector (02-11-2019)

  5. #3 | Top
    Join Date
    Jul 2006
    Posts
    22,923
    Thanks
    7,595
    Thanked 9,617 Times in 4,812 Posts
    Groans
    0
    Groaned 479 Times in 459 Posts

    Default

    Watching toothless hillbilly Trump voters complaining about Trump raising their taxes is a thing of beauty.


  6. The Following 4 Users Say Thank You to Cypress For This Post:

    Althea (02-11-2019), LV426 (02-11-2019), signalmankenneth (02-09-2019), ThatOwlWoman (02-10-2019)

  7. #4 | Top
    Join Date
    Jul 2012
    Location
    Realville
    Posts
    28,882
    Thanks
    1,333
    Thanked 5,109 Times in 4,194 Posts
    Groans
    588
    Groaned 2,388 Times in 2,224 Posts

    Default

    Wow leftists are really desperate to push this lie

    They have all fallen in line with the talking point.

  8. The Following User Says Thank You to I Love America For This Post:

    Truth Detector (02-11-2019)

  9. #5 | Top
    Join Date
    Feb 2018
    Posts
    3,893
    Thanks
    145
    Thanked 1,974 Times in 1,265 Posts
    Groans
    9
    Groaned 170 Times in 156 Posts

    Default

    9% down is nothing compared to the ones that are going to get hit with a tax bill!


    “I find it mind-numbing, we’re actually comparing the numbers of Donald Trump with somebody like Bob Mueller.”
    Bob Mueller….whose integrity, ethics, principles, and honesty, far, far surpass Donald Trump’s."


    "Donald Trump would have to climb a very, very tall ladder
    to shine the bottom of Bob Mueller’s shoes,”

    John Brennan, CIA-Director


  10. #6 | Top
    Join Date
    Feb 2018
    Posts
    3,893
    Thanks
    145
    Thanked 1,974 Times in 1,265 Posts
    Groans
    9
    Groaned 170 Times in 156 Posts

    Default

    Quote Originally Posted by I Love America View Post
    Wow leftists are really desperate to push this lie

    They have all fallen in line with the talking point.
    The IRS is pushing talking points? Really? I didn't know they were that IMAGINATIVE! Nevertheless, had the time.


    “I find it mind-numbing, we’re actually comparing the numbers of Donald Trump with somebody like Bob Mueller.”
    Bob Mueller….whose integrity, ethics, principles, and honesty, far, far surpass Donald Trump’s."


    "Donald Trump would have to climb a very, very tall ladder
    to shine the bottom of Bob Mueller’s shoes,”

    John Brennan, CIA-Director


  11. #7 | Top
    Join Date
    Jul 2006
    Posts
    11,516
    Thanks
    2,804
    Thanked 3,345 Times in 2,293 Posts
    Groans
    1,216
    Groaned 424 Times in 387 Posts
    Blog Entries
    5

    Default

    Quote Originally Posted by Centerleftfl View Post
    9% down is nothing compared to the ones that are going to get hit with a tax bill!
    If you got a smaller tax return, it means you had more of your money that you earned throughout the entire year. If youy knew economics, you'd understand that the net present value is in your favor the smaller your return is. But you don't really get all that math stuff, do you?
    Quick, send those on-site researchers some computer models

  12. The Following User Says Thank You to tinfoil For This Post:

    Truth Detector (02-11-2019)

  13. #8 | Top
    Join Date
    Jul 2006
    Posts
    11,516
    Thanks
    2,804
    Thanked 3,345 Times in 2,293 Posts
    Groans
    1,216
    Groaned 424 Times in 387 Posts
    Blog Entries
    5

    Default

    liberals are citing the dumbest taxpayers as reason the tax code sucks. LOL Might as well cite the dumbest students to say the education system sucks.
    Quick, send those on-site researchers some computer models

  14. The Following User Says Thank You to tinfoil For This Post:

    Truth Detector (02-11-2019)

  15. #9 | Top
    Join Date
    Oct 2017
    Location
    Ravenhenge in the Northwoods
    Posts
    13,813
    Thanks
    29,610
    Thanked 11,022 Times in 6,800 Posts
    Groans
    0
    Groaned 668 Times in 645 Posts

    Default

    Is it a coincidence that the "dumbest taxpayers" also happened to be the dumbest voters? I think not.

  16. The Following User Says Thank You to ThatOwlWoman For This Post:

    Althea (02-11-2019)

  17. #10 | Top
    Join Date
    Jul 2012
    Location
    Realville
    Posts
    28,882
    Thanks
    1,333
    Thanked 5,109 Times in 4,194 Posts
    Groans
    588
    Groaned 2,388 Times in 2,224 Posts

    Default

    Quote Originally Posted by Centerleftfl View Post
    The IRS is pushing talking points? Really? I didn't know they were that IMAGINATIVE! Nevertheless, had the time.
    No. The IRS I presenting facts. They aren’t lying.

    The talking point is idiots like you trying to claim that increased or decreased refunds is a true measure of tax liability

    Only a liar or a financial illiterate would make such a foolish claim. I can’t rule out both for you, but I will give you the benefit of the doubt and let you choose one

    Idiot?

    Or

    Liar?

  18. The Following User Says Thank You to I Love America For This Post:

    Truth Detector (02-11-2019)

  19. #11 | Top
    Join Date
    Nov 2016
    Posts
    11,376
    Thanks
    1
    Thanked 5,405 Times in 3,398 Posts
    Groans
    0
    Groaned 391 Times in 374 Posts

    Default

    Quote Originally Posted by I Love America View Post
    No. The IRS I presenting facts. They aren’t lying.

    The talking point is idiots like you trying to claim that increased or decreased refunds is a true measure of tax liability

    Only a liar or a financial illiterate would make such a foolish claim. I can’t rule out both for you, but I will give you the benefit of the doubt and let you choose one

    Idiot?

    Or

    Liar?
    No he is not, the only thing he is implying is that a whole lot of American taxpayers to include Trump lemmings are going to be surprised this April when that tax refund they are used either isn't coming, it is drastically reduced, or they might even own tax

    Regardless of the realities, it ain't going to help Republicans in 2020 attempt to see the Trump Tax Cut as an accomplishment of his Administration

  20. #12 | Top
    Join Date
    Jul 2018
    Posts
    1,471
    Thanks
    166
    Thanked 822 Times in 529 Posts
    Groans
    7
    Groaned 77 Times in 67 Posts

    Default

    One would have had to be a complete idiot to not see immediately that the Republican tax plan was a disaster from the very beginning.

    Even the corporate oligarchs, the only people benefiting from it in the short term, will be totally screwed when the working class has no money to purchase their goods and services.

    The exceptionally stupid working class people who voted for Trump and supported his policies either enjoy being butt-fucked by the oligarchs or are too stupid to have had any business ever going near a voting booth. I think "both" is the likely answer.

  21. The Following User Says Thank You to NiftyNiblick For This Post:

    Althea (02-11-2019)

  22. #13 | Top
    Join Date
    May 2007
    Posts
    50,424
    Thanks
    3,102
    Thanked 14,308 Times in 9,936 Posts
    Groans
    2
    Groaned 550 Times in 517 Posts

    Default

    Quote Originally Posted by NiftyNiblick View Post
    One would have had to be a complete idiot to not see immediately that the Republican tax plan was a disaster from the very beginning.

    Even the corporate oligarchs, the only people benefiting from it in the short term, will be totally screwed when the working class has no money to purchase their goods and services.

    The exceptionally stupid working class people who voted for Trump and supported his policies either enjoy being butt-fucked by the oligarchs or are too stupid to have had any business ever going near a voting booth. I think "both" is the likely answer.
    Chalk up another one who thinks tax cuts = tax refunds

  23. The Following User Says Thank You to cawacko For This Post:

    Truth Detector (02-11-2019)

  24. #14 | Top
    Join Date
    Jul 2012
    Location
    Realville
    Posts
    28,882
    Thanks
    1,333
    Thanked 5,109 Times in 4,194 Posts
    Groans
    588
    Groaned 2,388 Times in 2,224 Posts

    Default

    Quote Originally Posted by archives View Post
    No he is not, the only thing he is implying is that a whole lot of American taxpayers to include Trump lemmings are going to be surprised this April when that tax refund they are used either isn't coming, it is drastically reduced, or they might even own tax

    Regardless of the realities, it ain't going to help Republicans in 2020 attempt to see the Trump Tax Cut as an accomplishment of his Administration
    It only makes sense doesn’t it?

    Less money taken throughout the year = less of a refund

    Either math is really hard for you guys or your TDS is so off the hook you can’t think straight

  25. The Following User Says Thank You to I Love America For This Post:

    Truth Detector (02-11-2019)

  26. #15 | Top
    Join Date
    Nov 2016
    Posts
    11,376
    Thanks
    1
    Thanked 5,405 Times in 3,398 Posts
    Groans
    0
    Groaned 391 Times in 374 Posts

    Default

    Quote Originally Posted by I Love America View Post
    It only makes sense doesn’t it?

    Less money taken throughout the year = less of a refund

    Either math is really hard for you guys or your TDS is so off the hook you can’t think straight
    Of course it makes sense, but probability is that the average working American who doesn't have the time to stay on top of things never understood that the withholding tax was eliminated along with personal exemptions, the earlier bump they saw in their paychecks they thought was the tax cut. Now the reality will sink in

Similar Threads

  1. "Extraordinarily angry and very upset taxpayers?
    By archives in forum Current Events Forum
    Replies: 7
    Last Post: 01-24-2019, 08:10 PM
  2. Replies: 0
    Last Post: 11-28-2017, 02:26 PM
  3. Replies: 51
    Last Post: 10-07-2011, 01:57 PM
  4. Average taxrate for top 400 taxpayers: 16.6%
    By The Muslim Brotherhood in forum Current Events Forum
    Replies: 3
    Last Post: 02-21-2010, 08:55 PM
  5. Replies: 2
    Last Post: 07-16-2009, 12:21 AM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •