Send a Tweet
Most Popular Choices
Share on Facebook 30 Share on Twitter Printer Friendly Page More Sharing
Exclusive to OpEdNews:
OpEdNews Op Eds    H2'ed 2/14/19

One Year Of The GOP Tax Scam Leaves Millions Feeling Trumped

By       (Page 1 of 4 pages)     (# of views)   1 comment
Author 512627
Follow Me on Twitter     Message Ted Millar
Become a Fan

TicTic by Bloomberg via Twitter
TicTic by Bloomberg via Twitter
(Image by TicTic by Bloomberg)
  Details   DMCA
- Advertisement -

Remember just before the end of 2017 when Donald Trump signed into law the Republican "Tax Cuts and Jobs Act"?

Trump claimed he and lawmakers "reached an agreement on tax legislation that will deliver more jobs, higher wages and massive tax relief for American families and for American companies."

As that middle class begins filing 2018 taxes, though, many are facing a troubling reality--their refunds are much lower than anticipated.

- Advertisement -

Some who have seen substantial refunds in the past find themselves owing the Internal Revenue Service (IRS).

Reuters reports the 2018 tax season began slowly, demonstrating a significant decline in refunds and returns.

The average $1,865 refund so far this year is 8.4 percent less than the average refund in the same period last year.

- Advertisement -

The IRS received 16.04 million returns in the last week of January, a 12.4 percent decline from the same week last year.

13.1 million returns have been filed already, down 25.8 percent from the same time last year.

Trump promised the tax overhaul would simplify taxes so much, Americans could file them on a postcard.

However, Mary Papenfuss reports in HuffPost:

"[The law adds new challenges complicating] payroll withholding, so that not enough money was withheld by employers in many cases, meaning that people now owe more taxes. The new law also capped IRS deductions for paid state and local taxes, including real estate taxes, resulting in a nasty surprise for many filers. Several other deductions are no longer allowed."

Edward Karl, vice president of taxation for the American Institute of CPAs, commented:

- Advertisement -

"There are going to be a lot of unhappy people over the next month."

Many of those unhappy people are tweeting directly to the president.

For example:

Next Page  1  |  2  |  3  |  4

 

- Advertisement -

Must Read 1   Well Said 1   Valuable 1  
Rate It | View Ratings

Ted Millar Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Ted Millar is a writer and teacher. His work has been in featured in myriad literary journals, including Straight Forward Poetry, Better Than Starbucks, the Broke Bohemian, Caesura, Circle Show, Cactus Heart, Third Wednesday, and The Voices (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

FBI Apprehends Another Trump Supporter Plotting A Massacre

Republicans' Stance On HR 1 Confirms They Prefer A Rigged System

The GOP Might Use The Shutdown To Justify 'Starving the Beast'

Whistleblowers: The Trump Admin Behind Saudi Nuclear Plants

Trump Just Left the Kurds to Die. The Question is: For What?

Mother Nature Is Mad As Hell And Not Going To Take Much More