oops, more MAGA Morons eat it -- This Tax Day, Some Truckers are 'Unhappy' with Trump

[reagansghost]

The 2017 tax overhaul is hitting long distance drivers with unexpected bills.


Last month, Dennis Bridges, a CPA who runs an accounting firm just north of Atlanta, had to break bad news to a client. Bridges specializes in doing taxes for truck drivers around the country, and this tax season he’s had to tell dozens of truckers that after years of being able to count on receiving tax refunds that they in fact would owe thousands of dollars. This particular client from New York owed $4,000. It could have been worse: about 20 percent of Bridges’ trucking clients have owed more than $5,000.

When Bridges’ firm called the driver to deliver the news, the line first went silent. Then the driver “went into a panic,” Bridges recalls. “He was just asking, ‘Where on earth am I going to get the money to pay this thing?'” For years, he had received an annual refund in the ballpark of $1,500.

“They got screwed,” says Kevin Rutherford, a small fleet owner who hosts Trucking Business and Beyond, a daily satellite radio show, and also runs an accounting service geared to drivers. After the tax bill became law in late 2017, Rutherford asked his clients and radio listeners for their 2017 and projected 2018 tax data. Using their numbers, he ran about 50 scenarios, finding that for “most company drivers, losing the per diem would mean they’re going to pay more tax.” Only a handful of scenarios came “close or about even” to the filers’ past returns. “It depends on how many kids they have and a couple other things, but for the most part, it was a pretty big loss,” he says.

Trucking is a popular vocation, employing about 3.5 million drivers nationwide, making it, by some counts, the most common job in 29 states. While all but three of those states went to Donald Trump in 2016, the tax overhaul enacted by the president and the GOP Congress in 2017 hit American truck drivers hard by stripping a key exemption for dining and living expenses while on the road. Millions of long-haul drivers employed by trucking companies are finding themselves slapped with massive and unexpected tax bills, according to accountants, professional trucking associations, and drivers.


https://www.motherjones.com/politics...ers-deduction/

[reagansghost]

https://tribunecontentagency.com/wp-...a94673d12c985a

[Superfreak]

The 2017 tax overhaul is hitting long distance drivers with unexpected bills.


Last month, Dennis Bridges, a CPA who runs an accounting firm just north of Atlanta, had to break bad news to a client. Bridges specializes in doing taxes for truck drivers around the country, and this tax season he’s had to tell dozens of truckers that after years of being able to count on receiving tax refunds that they in fact would owe thousands of dollars. This particular client from New York owed $4,000. It could have been worse: about 20 percent of Bridges’ trucking clients have owed more than $5,000.

When Bridges’ firm called the driver to deliver the news, the line first went silent. Then the driver “went into a panic,” Bridges recalls. “He was just asking, ‘Where on earth am I going to get the money to pay this thing?'” For years, he had received an annual refund in the ballpark of $1,500.

“They got screwed,” says Kevin Rutherford, a small fleet owner who hosts Trucking Business and Beyond, a daily satellite radio show, and also runs an accounting service geared to drivers. After the tax bill became law in late 2017, Rutherford asked his clients and radio listeners for their 2017 and projected 2018 tax data. Using their numbers, he ran about 50 scenarios, finding that for “most company drivers, losing the per diem would mean they’re going to pay more tax.” Only a handful of scenarios came “close or about even” to the filers’ past returns. “It depends on how many kids they have and a couple other things, but for the most part, it was a pretty big loss,” he says.

Trucking is a popular vocation, employing about 3.5 million drivers nationwide, making it, by some counts, the most common job in 29 states. While all but three of those states went to Donald Trump in 2016, the tax overhaul enacted by the president and the GOP Congress in 2017 hit American truck drivers hard by stripping a key exemption for dining and living expenses while on the road. Millions of long-haul drivers employed by trucking companies are finding themselves slapped with massive and unexpected tax bills, according to accountants, professional trucking associations, and drivers.


https://www.motherjones.com/politics...ers-deduction/

More ignorance from a bullshit left wing nut site?

[Underdog]

Sounds like a failure of the business's accounting dept to adjust to real changes in the tax code.


Heres a less hysterical explanation of the changes:

https://www.freightwaves.com/news/20...-over-per-diem

[LV426]

Sounds like a failure of the business's accounting dept to adjust to real changes in the tax code.

Or that the Russia Tax Cut was a scam that never intended to deliver on its promises of wage increases of at least $4,000, like y'all were saying before you passed it in December 2017.

[Underdog]

Or that the Russia Tax Cut was a scam that never intended to deliver on its promises of wage increases of at least $4,000, like y'all were saying before you passed it in December 2017.

Average return was 2500 bucks. Why is it a "russian tax cut"? You guys still on that russian collusion hoax shit?

[LV426]

Average return was 2500 bucks.

1. Which is 1% below average return last year.
2. Which is not the $4,000 increase to the wage you all promised.

Try again.

[LV426]

Why is it a "russian tax cut"? You guys still on that russian collusion hoax shit?

Oh, so you read Mueller's report?

WHAT DO YOU MEAN YOU HAVEN'T?

Well that would mean you're talking out of your ass.

Shocking that a Conservative would spread bullshit on anonymous message boards.

[Underdog]

1. Which is 1% below average return last year.
2. Which is not the $4,000 increase to the wage you all promised.

Try again.

1. link

2. I promised you shit my friend. I thought the cuts were anemic and shuffled the deckchairs at best.


Stop being a mindless NPC.

[Underdog]

Oh, so you read Mueller's report?

WHAT DO YOU MEAN YOU HAVEN'T?

Well that would mean you're talking out of your ass.

lol so you think meuller and crew would sit silent? you are gullible.

Shocking that a Conservative would spread bullshit on anonymous message boards.

Shocking that a communist would say such stupid shit.

[reagansghost]

Trump could double a cultist's taxes and he'd bend over and say "sir, can I have another 'tax cut'?"

[Underdog]

Trump could double a cultist's taxes and he'd bend over and say "sir, can I have another 'tax cut'?"

Now you are just being hysterical.... Who are you talking to?

[LV426]

1. link

So far, this year's average refund is $2,833; that's $31 cheaper or a 1% decline on last year's $2,894 average refund at this time.

So now, how do you reconcile this information with your dogma?

[reagansghost]

Now you are just being hysterical.... Who are you talking to?

you should pay your taxes and STFU, just sayin

[katzgar]

More ignorance from a bullshit left wing nut site?

When all you do is stomp your foot and suck your thumb you look like a child