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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNearly two-thirds say they've seen no increase in take-home pay from GOP tax cuts
Almost two-thirds of Americans polled say they haven't seen an increase in their take-home pay as a result of last year's Republican tax-reform bill, according to a new survey.
A Gallup poll published Wednesday found that 64 percent of respondents said they haven't seen a raise in their take-home pay as a result of reduced federal income taxes. That finding is identical to results in Gallup's February/March poll taken shortly after the tax changes went into effect.
The poll also found that a slim majority of Americans polled 51 percent say the law hasn't helped their family's financial situation. Meanwhile, 26 percent of respondents said the law has helped a "little" and 12 percent said it has helped "a lot."
As this fall's midterm elections near, more Americans disapprove of the tax overhaul than approve of it, per the Gallup poll. The poll found that 46 percent of respondents disapproved of the GOP tax cuts, while 39 percent approved of them.
https://thehill.com/blogs/blog-briefing-room/news/410814-nearly-two-thirds-say-theyve-seen-no-increase-in-take-home-pay
Thrill
(19,178 posts)Its likely went to the gas tank. The real surprise comes when you file your taxes
blueinredohio
(6,797 posts)Unless you raised your withholding you're going to pay taxes.
YessirAtsaFact
(2,064 posts)However, we are going to end up breaking even or paying a small bill in April instead of getting a $3000 refund.
Losing the exemptions and limiting what we can deduct from state and local taxes hurt me more than the rate change helped.
phylny
(8,386 posts)He got a slight increase in his wages due to lower taxes. We do not need it.
We'll see when we file our taxes.
Wellstone ruled
(34,661 posts)premium increases. And in some States,the withholding for State Tax was increased as a off set to loss of Federal Tax rebating back to the State.
AirmensMom
(14,648 posts)Has been more than swallowed up by the increase in food, gas, insurance, and appliances that chose this year to die. We seem to be going backwards 100mph.
Yavin4
(35,445 posts)Or how about Mark Cuban or Mike Bloomberg or Bill Gates??? No? Fake poll.
DFW
(54,436 posts)The just KNOW it'll come ANY DAY NOW!
(right after Godot arrives....)