Trump tax 'cut' actually increased taxes for 10 million American families, report finds

[turbinetree]

A Center for American Progress estimate found that 10,260,263 families saw their taxes go up, thanks to the 2017 law.
Josh Israel
Apr 12, 2019, 12:48 pm

Donald Trump ran in 2016 promising that every American would receive a tax cut. But he has already raised taxes on an estimated 10 million families, according to a new analysis.

The Center for American Progress released its calculations on Friday, based on data from the non-partisan Institute on Taxation and Economic Policy. It found that 10,260,263 American families saw a tax hike last year, thanks to the president’s 2017 Tax Cut and Jobs Act. (ThinkProgress in an editorially independent news site housed at the Center for American Progress Action Fund.)

“Everybody is getting a tax cut, especially the middle class,” Trump told CNN in May 2016.

As he signed the bill into law in December 2017, he claimed the bill would immediately benefit all Americans. “They’re going to start seeing the results in February. This bill means more take-home pay. It will be an incredible Christmas gift for hard-working Americans,” he bragged. “I said I wanted to have it done before Christmas. We got it done.”

https://thinkprogress.org/10-million-american-families-saw-tax-increases-under-trump-tax-cut-aa97d7aee410/


Count me in as one of the over 10 million.

I get to pay $2,000.00 dollars to the feds, and over $400.00 to the blue state I live in, while, Amazon, Delta, Exxon/Mobile and others paid zero taxes, and while these same assholes get to keep there fucking tax rates in the coming years, guess what, the Paul Ryan and other libertarian assholes that voted for this POS legislation and that traitor in the white house that signed the legislation, my tax rate will be going up again, and then to top it all off the country has a "guy" that defrauded New York out of over 400 million and his sister just retired from the courts in the state and thinks that she is out of the woods, and we the 10 million get hosed out of 1.5 trillion in more debt ..............................this just pisses me off to know end...................................

[uponit7771]

1. I'm one of them !!!

[happy feet]

19. Us too!!!!!!!

and we're pissed. Don't mind paying more taxes for additional healthcare coverage, better schools, fighting climate change, but this is a royal F.U. to the middle class to pay for corporate and 1% tax breaks.

I'm seething!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[PatSeg]

42. I'm thinking it could be more than 10 million

as I've heard so many stories of people paying far more than they expected.

[Uben]

2. Aw come on!

Trump wouldn't lie to Americans. In fact, the only time I have seen him lie is when he is alone...….or with somebody!

[MelissaB]

3. Yep, that's me.

[charliea]

4. Me too

We have almost exactly the about the same income as last year, but Fed tax totals went up 40%, state went up 4%. I live in a blue state and between income and property taxes we broke the limit and had to use the standard deductions.

Since we joined the 65+ demographic last year, I'd expected somewhat less tax burden, foolish me.

Thanks tRumpy

It won't happen until he's gone, but his sister should be audited for tax fraud.

[djacq]

5. $3000 to Fed, $300 to Virginia.

This is what it feels like to be mugged by Trump.

[RocRizzo55]

15. $5k to feds, $500 to NY

This is what it REALLY feels like to be ripped off by a scoundrel.

[keithbvadu2]

6. The people who count, his fellow billionaires, got their tax cut.

The people who count, his fellow billionaires, got their tax cut.

[TheBlackAdder]

7. According to my accountant: My deductions were reduced to give impression of tax savings for 2018.

.

It is not know it the intent was a shell game, recude deductions to make it seem like people got a tax savings, which might help Republicans in the 2018 elections, but then that tax bill came due now!


Also, Trump's folks are doing something else to fuck Americans, requiring the use of more tax services. There are plans to add all estimated sources of income to our W-4's, inside and outside of work. Meaning if you have a second source of income, your employer will know about it.

.

[Yavin4]

8. We should at least get a Trump U. degree with this tax cut.

It's only fair.

[Lonestarblue]

9. It isn't just blue states that are paying more.

My taxes increased significantly. I had higher income because of the required minimum distribution, from which I had taxes withheld, but my taxes were double what I expected. So now I’m required to make estimated quarterly tax payments. Thank goodness we do not have a state income tax or it would have been worse.

And, yes, it’s infuriating that big corporations like Amazon and Exxon Mobil make billions and pay so little in taxes. What happened to the idea of paying your fair share? I guess there is such a thing as a free lunch now.

[TheBlackAdder]

23. I can't figure it out. Middle class Whites heavily backed Trump and they seem the most impacted.

[SunSeeker]

10. Trump definitely increased my family's taxes.

[world wide wally]

11. Gee.... Conned again?

[TrollBuster9090]

12. I think the actual title of that article should be: Trump Tax Cut Cuts Taxes For ALL Billionaires...

"Trump Tax 'Cut' Cuts Taxes For ALL Billionaires, While INCREASING Taxes For 10,000,000 REGULAR Families."

That would be a more accurate headline, and it was the point of the Tax Scam in the first place. To give BILLIONAIRES a TAX CUT, AT THE EXPENSE of regular families. In fact, that's the Republican Party's only remaining raison d'etre. That was their method in 1981 with the FIRST Reagan tax scam. Re-distribution of the tax burden FROM the wealthy to the poor. And it's STILL their method.

The main difference was that when they did the first tax scam in 1981 everybody KNEW it was a Faustian bargain. That the general public would give the wealthy a FREE RIDE on taxes, as long as they took their spare money, and used it to create jobs by investing in American companies.

That philosophy has now morphed into the dogmatic belief that the wealthy are SUPERIOR to regular people, and simply DESERVE a free ride. And they no longer use their extra wealth to create jobs by investing in American companies. They invest in Chinese companies that are dedicated to putting American companies out of business; and they stash most of their wealth in tax havens, like the Bahamas, to avoid making ANY contribution to the society in which they live.

[cstanleytech]

20. Correction: Trumps Tax Cuts Really Only Cuts Taxes for Millionaires and Billionaires.

[TrollBuster9090]

32. It's actually pretty clever. The Tax Scam cut RATES for a lot of middle-class people,

but also eliminated a lot of their deductibles. So, they knew they'd pay less up front (BEFORE the 2018 election) and then got a nasty surprise with a smaller refund (AFTER the election). Kudos to the Republican sneaks who engineered that one. It hoodwinked enough people for them to hold onto the Senate, but not the House.

[cstanleytech]

34. Hopefully it was only a temporary reprieve for them and we regain a clear majority in the Senate.

Then once we have that and the White House as well I want a deep investigation into Russia and who was in bed with them.
Edit: Hopefully of course followed by a number of trials leading to convictions running into decades for a few dozen Repugnants at the least.

[Honeycombe8]

13. I wonder what income level that is, that gets hit. Not the $500k+, I'm pretty sure. I feel for you.

My stress was thru the roof, as I did my taxes, not knowing what to expect. But I came out the same or better. Hard to say because my income varies each year, plus I got an extra deduction for hitting age 65 (surprise! I didn't know about that!). Phew. I dodged a bullet.

I think if a poor family has a day care exemption/deduction, I think I read that is decreased, since it goes by a percentage, now, and poor people have a lower income. Or it's been changed in some way. I remember thinking that that is going to result in a tax increase for those families. BUT, the more income you have, the bigger the daycare deduction or whatever it is. It seemed unfair to me that the more you need help w/daycare expense, the less help you get under the new tax law.

[Mendocino]

14. I got a refund!

$5.00

[kimbutgar]

16. I usually got about $2,000 back and was able to deduct more in the past

This year I got a whopping $88 back! I can just hear the maga’s saying it’s the Democrats in congress fault because Fox will tell them that. The ignorant won’t get it was a repuke house and senate and president who made the changes.

[FailureToCommunicate]

17. Yup. Just sent off my five grand to Uncle Sam. I'm

SURE he’ll use it well, and hand it to the rich fat cats. God knows some of them will need it to hire good lawyers in the coming months.

See? I’m an eternal optimist.

[ECL213]

18. My refund was half of what it has been...

I don’t see how these numbers can be correct. This is only 3% of the population. I’m not in the 3% of anything. I can’t believe for a second that this tax cut only raised taxes on 3% of the populus. And it’s shitty optics to try to argue that it raised taxes on 3% of the people, because Wingtards are just going to say “So what, that’s just the welfare queens and other takers.”

[seta1950]

21. Me too

I’m one of the ones who’s taxes went up, quite a lot actually 😤

[Turbineguy]

22. We are one of them.

[mcar]

24. We're getting a refund

But half what it was last year.

[Owl]

25. Me too.

[doc03]

26. I do the quarterly taxes and always come within $20

or so of breaking even. This year I had to write a check for
$328 because they changed the withholding tables to make us think we got a larger tax cut.

[FailureToCommunicate]

28. What what!?! Damn, did I miss something?

[Kaleva]

33. I can e-file for free using Turbo tax

And you can still file your taxes by paper.

" Paper Filing

Filing on paper may be the best option for you if you have a fairly simple tax return or if you're not eligible for e-filing for some reason. But data transcribers at the IRS must manually input taxpayer information for every paper return it receives, so consider e-filing if you have a more complex tax return.
"

https://www.thebalance.com/should-i-e-file-or-paper-file-3193152

[whopis01]

38. You have (and are giving) bad information.

There is no requirement to e-file. You can send in paper returns just like always.

Also there are numerous methods to e-file at no cost.

[redwitch]

39. Yes, I deleted original post.

I got this information from a tax preparer. Which pisses me off.

[whopis01]

43. Hmm. Rightfully so (being pissed off about that)

That is annoying to say the least.

[ooky]

36. I paper filed for free.

[MichMan]

29. Mine went down a decent amount

Taxes went down by $2700 compared to last year with the exact same income. I always end up having to pay around $1700 every year. Not only did that go down to $700, I had $1700 extra dollars in my pocket during the year due to the reduced withholding.

I am married with zero dependents taking only the standard deduction. Sorry for everyone who can no longer deduct tens if thousands, but I personally am pretty happy with how it turned out for me.

[MichMan]

40. Since there are 138 million taxpayers, does that mean the remaining 128 million paid same or less?

I must have been one of the 128 million I guess

[sarcasmo]

31. Sent my 1100 dollar check in this week.

[gulliver]

35. Republican suburbanites got nailed with other suburbanites.

That's got to help Dems with the Senate.

[ooky]

37. You would think that all those 10 million families will vote against him in 2020.

Sadly, that won't happen.

[MichMan]

41. 10 million is only 7 % of total taxpayers

That would mean 7 % got an increase and 93% either got a cut or paid the same. That percentage doesn't seem to make sense given all the posts here from people saying theirs all went up.

[Progressive dog]

44. Trump's tax cut was supposed to increase federal taxes in high tax states

Most of those ten million are in states that voted against Trump. The Republicans cheerfully voted to add $2.3 trillion to the deficit and still raise taxes on their political opponents.