(03-04-2019 01:19 PM)bullet Wrote:  Another fake news post repeated by the Russian bot Machiavelli:

https://www.washingtonexaminer.com/opini...-increased

"Tax refunds are up from where they were this time last year by 1.3 percent following the fourth week of the 2019 filing season, according to new Internal Revenue Service data.

To be more specific, the average tax refund has increased to $3,143 from $3,103 last February, according to cumulative statistics comparing the 2018 and 2019 filing seasons.

Oddly enough, certain newsrooms have responded to this development with total silence...."

Wrong. It was a fact that refunds were down. Of course that doesn't mean taxes went up.

Further, the thread title includes the word feeling. As in an emotion, not necessarily a fact. Just like trumps campaign where he convinced his voters to feel that we were being overrun with crime and only he could fix it, when it fact we weren't.

(03-04-2019 01:36 PM)Redwingtom Wrote:  

(03-04-2019 01:19 PM)bullet Wrote:  Another fake news post repeated by the Russian bot Machiavelli:

https://www.washingtonexaminer.com/opini...-increased

"Tax refunds are up from where they were this time last year by 1.3 percent following the fourth week of the 2019 filing season, according to new Internal Revenue Service data.

To be more specific, the average tax refund has increased to $3,143 from $3,103 last February, according to cumulative statistics comparing the 2018 and 2019 filing seasons.

Oddly enough, certain newsrooms have responded to this development with total silence...."

Wrong. It was a fact that refunds were down. Of course that doesn't mean taxes went up.

Further, the thread title includes the word feeling. As in an emotion, not necessarily a fact. Just like trumps campaign where he convinced his voters to feel that we were being overrun with crime and only he could fix it, when it fact we weren't.

I agree, tax returns were down, maybe now they are up, on average over last year at this time. Lots of qualifiers there but that's how this is being reported. Heck, next week or next month tax returns may be lower, on average, than last year at that time.

(03-04-2019 01:46 PM)VA49er Wrote:  

(03-04-2019 01:36 PM)Redwingtom Wrote:  

(03-04-2019 01:19 PM)bullet Wrote:  Another fake news post repeated by the Russian bot Machiavelli:

https://www.washingtonexaminer.com/opini...-increased

"Tax refunds are up from where they were this time last year by 1.3 percent following the fourth week of the 2019 filing season, according to new Internal Revenue Service data.

To be more specific, the average tax refund has increased to $3,143 from $3,103 last February, according to cumulative statistics comparing the 2018 and 2019 filing seasons.

Oddly enough, certain newsrooms have responded to this development with total silence...."

Wrong. It was a fact that refunds were down. Of course that doesn't mean taxes went up.

Further, the thread title includes the word feeling. As in an emotion, not necessarily a fact. Just like trumps campaign where he convinced his voters to feel that we were being overrun with crime and only he could fix it, when it fact we weren't.

I agree, tax returns were down, maybe now they are up, on average over last year at this time. Lots of qualifiers there but that's how this is being reported. Heck, next week or next month tax returns may be lower, on average, than last year at that time.

Yep...once again pointing to the absurdity and meaninglessness of comparing just the refund alone.

Tax returns were down early because of the EIC.....

the IRS only started releasing money from those returns, this past week. Last year there wasn't this delay.

(02-19-2019 05:40 PM)ODU BBALL Wrote:  My wife and I are both retired and would be considered among the middle class. We both have been living on fixed retirement income for the past 4+ years.

Just did our taxes today and compared to 2017, our 2018 return came out as follows -

* Paid $1695 less Federal tax in 2018.

* Got a combined $1200+ more refunded this year over what we did in 2017 between Federal and State.

* Our Marginal Tax Rate (Federal) fell from 15% to 12%.

* Our Effective Tax Rate (Federal) fell from 14% to 11.4%.

Hate to break the bad news to you Mach, but you're wrong again. Sure hope you don't teach either Math or Economics because the numbers don't support the negative spin coming from the Left.

Thank you once again President Trump!!!

Trump's 2018 Tax Reform just gets better and better. Although my wife and I got our Federal and State Tax Refund checks as noted above in March of this year - and it was more than we have gotten in a long time in spite of us paying less taxes along the way - we got a surprise $220 check in the mail today from the state of Virginia Department of Taxation. The message with the check was as follows:

"You are receiving this Tax Relief Refund because the 2019 Virginia General Assembly passed a law creating the Taxpayer Relief Fund. The refund of up to $110 for an individual and up to $220 for a married couple filing jointly gives revenue generated from Federal Tax Changes back to you. For more information, visit http://www.tax.virginia.gov/relief"

It is worth noting that the General Assembly of Virginia is controlled by a Republican majority, although it is only by a slim margin.

Thanks again for lowering my taxes President Trump, and for yet again putting more money in my bank account.

Anyone who says the middle class didn't get a break from the tax cut is either not middle class, doesn't pay taxes or is a liar. The doubled auto deduction alone reduces it.

(09-27-2019 10:30 PM)Eagleaidaholic Wrote:  Anyone who says the middle class didn't get a break from the tax cut is either not middle class, doesn't pay taxes or is a liar. The doubled auto deduction alone reduces it.

I think the only people who did worse were those in heavy tax liberal states when the SALT deductions went away.

(09-28-2019 08:21 AM)Jugnaut Wrote:  

(09-27-2019 10:30 PM)Eagleaidaholic Wrote:  Anyone who says the middle class didn't get a break from the tax cut is either not middle class, doesn't pay taxes or is a liar. The doubled auto deduction alone reduces it.

I think the only people who did worse were those in heavy tax liberal states when the SALT deductions went away.

I lived 1/2 year in Cali and 1/2 year in NJ last year and I basically broke even. If I could have gotten full benefit for all the state and local taxes, I would have cleaned up.

(09-28-2019 08:21 AM)Jugnaut Wrote:  

(09-27-2019 10:30 PM)Eagleaidaholic Wrote:  Anyone who says the middle class didn't get a break from the tax cut is either not middle class, doesn't pay taxes or is a liar. The doubled auto deduction alone reduces it.

I think the only people who did worse were those in heavy tax liberal states when the SALT deductions went away.

Bingo. The blue states have been raking in the taxes off the back of the rest of the country. “Hey we may have State tax rates at double or triple the rest of the country, but you can just deduct it off what you owe to the feds.”

It did nothing for me.

Id rather burn the money i pay in federal taxes.

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(09-29-2019 10:54 AM)maximus Wrote:  It did nothing for me.

Id rather burn the money i pay in federal taxes.

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#bigtime

I'm 54.2.....gov't overreach relative to pointless growth and spending has been by design my entire existence...

#moneycorruptsatANYlevel