Trump Tax Cuts Are (Probably) About to Become a Political Disaster. Perfect timing.

[sarcasmo]

"Now, the bill for the GOP’s (reported) withholding shenanigans is coming due: The average American’s tax refund was 8.4 percent lower in the first week of 2019 than it was one year ago."


http://nymag.com/intelligencer/2019/02/heres-why-your-tax-refund-is-lower-this-year.html

[RKP5637]

1. I hope so. I hope many will be realizing what they voted in does not give a F about them! n/t

[Achilleaze]

2. URGENT message to US taxpayers from republican Draft-Dodger-in-Chief

[DirtEdonE]

23. Damn I hate being a sucker

But I'm an American and since we're a "democracy" LOFL I have to obey "MAJORITY RULE" for a shit-stain-orange assclown who stole the election with the aid of a hostile foreign power making him a traitor yet he still LOST BY 3 MILLION VOTES!

SOME MAJORITY HUH?

If I ever travel outside America, I'm going to tell people I'm Canadian - and hope to god they believe me.

[Iliyah]

3. His diehard supporters will say

SOCIALISM! It's the DemocRATS fault!

[Texin]

19. His "diehard supporters" are mostly cooking meth, so they don't pay taxes.

[MyOwnPeace]

4. And the numbers

are probably going to get worse. Those that owe money usually wait until the end of March or early April to file. Just think about the surprise they have waiting for them!

[sarcasmo]

5. #TrumpTaxScam on Twitter is a fun read. You're right, when those in March who use returns for

Vacations and other big purchases are paying instead of spending, the rage will be Epic.

[Wounded Bear]

7. It's gonna hurt...

the economy tends to depend on a springtime boost from people getting those cash payments back from the IRS. Looks like that's not gonna happen.

[ALBliberal]

18. Can you post the twitter link

For some reason I can get on Twitter from DU links but can’t get on when I go directly to twitter... I’m a non member of twitter

[LonePirate]

26. Try this link. You should be able to click the hashtag link for the entire thread

Link to tweet

[ALBliberal]

30. Thanks

[sarcasmo]

27. Link below

https://twitter.com/search?q=%23TrumpTaxScam&src=typed_query&f=live

[Johonny]

6. They already were. Look at how the GOP performed in SALT areas like Orange County

The media is just figuring out what the Democratic party understood already. The tax cuts that aren't are very unpopular.

[MiniMe]

8. Refunds have to do with the withholding tables, not total tax owed

"They" underwitheld so people would feel like they were getting a bigger paycheck. I think it was W that did the same thing. But as wise DU'ers pointed out at the time, be careful, you will owe it at the end of the year.

[watoos]

11. Yup, in other words,

Trump gave working folks a raise and it came from their refunds. I mean, I thought I wouldn't be affected being retired but the firm handling my pension changed my federal withholding without notifying me.

[uponit7771]

15. +1, People in the IRS should be investigated for doing this shit. It was done to make the taxes look

... better.

[Johnny2X2X]

16. There were some tables that were flat out wrong

The IRS sent erroneous tables out to some employers, this will effect a few million filers. But most employers did not get bad withholding tables, and some don't even use the tables any way.

Lower rates, but not as much that is deductible would have the effect we are seeing. For those who take the standard deduction, this shouldn't effect as that was increased, but those who itemize are seeing the problem I assume.

Overall, peoples' tax liability was reduced, they just saw it in their checks instead of in their refunds. That is actually preferable for the economy and for personal finances, but that's not what many people count on. Many families count on that refund to be able to catch up on bills or make big purchases. I don't care if overall it was a net gain for most people, tie the smaller refunds around Trump's neck, it's surely what the Reps would do to a Dem President.

Obama's tax cuts were bigger and better for the middle class.

[cbdo2007]

9. Most trump voters are lower income, and the lower your income...

the better his new tax and the higher standard deduction is for you. My tax rate came out to 0% this year.

[IronLionZion]

13. Wealthy and corporations got a big tax cut

low income and high income did well. The middle got sold a pack of lies and lost many important deductions.

And most economists predict benefits will be cut or taxes in the future will be raised to cover the loss in revenue. So low income voters will be screwed again but it will be a future administration that gets blamed.

[watoos]

17. Not necissarily

People with 3 or 4 kids are going to lose that exemption deduction. $4,050 x 4 (2 kids) = $16,200. Trump's standard deduction is less than $16,200. Add to that Trump taking out less federal taxes and many working folks will see a smaller refund.

[cbdo2007]

31. They doubled the child tax credit, which takes it out of the taxes owed

...vs the deduction comes out of income.

So if you have 3 kids like me you get $6,000 tax credit, which more than wiped out the $5,700 I would have paid in taxes, thanks to that and the new $24,000 standard deduction.

[Faygo Kid]

10. Nah. His base doesn't care.

He could personally kill their first born and they would still love him.

[sarcasmo]

25. Read the #TrumpTaxScam tweets, his base is pissed.

[dalton99a]

12. Kick

[uponit7771]

14. Not only that but 25% ***FEWER*** people will get ANY tax refund at all !! (link)

https://www.democraticunderground.com/100211806903#post19

[Texin]

21. The working folks making under $200k, who have kids & live where state income tax is paid

are going feel the burden the greatest. Those that own homes in areas where real estate prices are high are going to be hit the hardest, because they no longer can deduct mortgage interest paid, state and local taxes, and take deductions for their kids. Those people who have paid down their mortgages (and started with lower price homes by virtue of the region in which they live) will not be hit as hard as those folks in areas in the West Coast, the Eastern seabord, NY, CT, etc., and those in dense urban areas where houses cost more will also be feeling this. This is going to affect not just a few voters who held their noses and punched the button for the GOP in 2016 as they will face the consequences real time. Some are relatively affluent families, and perhaps they won't be in the tank for tRump and KGOP as they allowed themselves to be before. Most won't budge, but some might.

[malaise]

22. Dems need ads all over

About those tax benefits - YOU LIED!!!!
About those benefits to farmers - YOU LIED!!
About everything - YOU LIE!
Don the Con is a pathological LIAR.

[sarcasmo]

24. Bingo, this is a huge winner during the debates.

[bdamomma]

35. He wins

being the biggest BS'er, family splitter, Russian and Saudi Arabia puppet and more.

[Midnightwalk]

28. Timing is difficult

Sorry to be a downer. Too late for 2018. Count on republicans blaming democrats in 2020, maybe by having some bs bill we can’t support.

We need to keep the message simple and persistent. Like your refund is lower because of tax cuts for the rich

[at140]

29. I just saw Drudge headline saying dotard's

Approval rating is now 52%???
But it is repug pollster Rasmussen so subtract 10%.

[bullsnarfle]

32. I told a friend of mine last year

(who unfortunately tends to lean to the right) that the whole "middle class tax cut" thing was a scam, they were just making it look like a cut by cooking the IRS books to take less money out of your check. At the time, he blew me off, said I didn't know what I was talking about.

Well, well, he just filed his taxes and guess what? A couple of us are having a beer after work, and he clears his throat and says, "Um, I may owe you an apology ...just did my taxes and it looks like I am going to be paying this year instead of getting money back".

I think a LOT of folks are going to get a rude awakening when they file.

[sarcasmo]

33. Remind him, adjust with holding so it doesn't happen again next year.

[roamer65]

34. Tell him the ultra liberal roamer65 says thanks for the tax cut.

A nice big tax cut.