Tax Returns Down 17% Under Trump's First Year After Tax Reform

"Average tax refunds are down 17 percent so far in the first filing season under President Donald Trump’s tax overhaul, according to the IRS," - Bloomberg
bloomberg.com/news/articles/2019-02-23/u-s-tax-refunds-plunge-17-as-treasury-ratchets-up-defense

BUT BUT BUT MUH TAX REFORM
So much winning!

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Other urls found in this thread:

taxfoundation.org/government-all-levels-redistributed-2-trillion-2012/
indybay.org/newsitems/2007/12/16/18467275.php
bloomberg.com/news/articles/2019-02-23/u-s-tax-refunds-plunge-17-as-treasury-ratchets-up-defense
bloomberg.com/opinion/articles/2019-01-28/trump-economy-lags-clinton-s-obama-s-reagan-s-and-even-carter-s
8ch.net/pol/res/12839988.html#q12844640

...

Why not cut welfare by half in exchange tonlower the tax by half?

You only get a refund on taxes that you overpay. Trump is still a kike, but this is a retarded argument based solely on your ignorance of how federal income tax works.

Also, taxation is theft.

...

Look you absolute fucking retarded fuckskull: Tax Returns are when your TAXES ARE RETURNED. Lower tax returns means better estimation at correct taxes. Lower tax returns means they took less from you, or estimated it better. It has NOTHING to do with how much you're taxed.

Just shows how fucking nigger stupid OP is and Ameriniggers are. If you do it right you should never get money back, if you do then you have overpaid the fucking kikes at the Fed and IRS and given them free loan. Unless you get money back for child tax credit, which is just money redistribution that is supported by traitors of both parties. Which is just a way to steal money from productive people and give it to niggers and spics.

Do you mean Medicare and Social Security or just welfare? Welfare is barely 10% of our government expenditure. Capitalists get off my board.

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Still about $2trillion dollars. taxfoundation.org/government-all-levels-redistributed-2-trillion-2012/

its not real capitalism, the government isnt involved. a soyboy like (((you))) wouldn't understand the true free market

What the fuck does slashing gibs for niggers and sluts who go out and get pregnant with the first guy they meet at the bar have to do with (((capitalism)))

Wrong you idiot leftist son of a whore. Capitalism is the ideal system and we, as white people, must defend it from the (((state))).
Naturally, psyhopathic leftists such as yourself would never be able to understand logic, but oh well!
Sucks to be such a loser that you need to parasitize off of productive indivuduals! You and your deenerate collectivist socialist ideology need to simmer down for aminute, partner!
I hope you can learn to become normal again, leftist.

Murry Rothbard will always be right.

All types of the welfare and what does the capitalism to do with cutting welfare in order to lower taxes so the taxpayers can have money in their accounts. That seems socialistic thing to do.

how does it feel to be a chaste cuckold slave to the BBC?

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I'm still getting my money back, so fuck the EITC-IDF

And don’t use the eco fascistic pictures to get the supports from them. They aren’t stupid, you know.

MUH GIBS

MUH WELFARE

niggers get out

Why do you have on your computer, you disgusting degenerate?

stop bullying him please

to call out sissy soyboy cumsluts such as yourself, faggot. maybe you should just transition already. i really don't appreciate being bullied by soy consumers who aren't even as white as a nigger's colon.

MUH COLLECTIVE

MUH "NATIONAL" SOCIALISM

Hitler was the original SJW, and Obama was just like him, albeit black.

Haha you are so triggered. Shut up degenerate.

user, I..

uhh stop????
no bullying ;-;

what about him? are you a socialist?

Lurk the moar for two years user.

Are you a Jew?

why would that matter?

Lurk the moar.

Listen to this user>>12844325

Damn, newfags you really need to lurk the moar for longer until you have a idea how it works.

Cool it with the Anti-Semitic remarks, bro. I joined this forum to discuss how great Trump is doing. The economy is doing great, there are more jobs and less taxes. What else could you want dude?

That's where you went wrong.

This guy's got it.

can you please elaborate? i'm new to this sub

Wrong, it is called “board”.

At least you are honest by telling us that you are shilling.


How long have you been living under the rock for? USA is in trillions debt and the economy is shit.

As always, burgers fail to see the forest for the trees.
You're spending 2 Trillion dollars on Welfare. Give or take a Trillion.
Sounds a lot?
Well, you're also spending 686 Trillion on "Defense". I don't think I need to add that this money isn't really "defending" anything besides arms manufacturers and war hawks.

The USA reminds me a lot of North Korea: dump 2/3 of your population in the military (or in the case of the USA, 2/3 of your budget) and then wonder why the fuck the economy is going to shit whenever you're not fighting wars.

You can forget Israel at this, it has become a moot point: America needs every little war it can get involved in, ZOG or not. If your military went through 6 months of "peace" in a row, the war economy propping up the rest of the country would fucking tank.

This thread is getting pretty heated, folks? Why don't we all calm down for a moment or two?

How old are you?

Actually I can call it whatever I want because I have freedom of speech. This is america not england, cuck. im not sure why u think im shilling, just telling the facts dude. also debt isnt real, its just fiat currency


I turned 59 last year, why?

t. 4cuck refugee

It's more like 720B on defense, and that's only what is on the books.
Dov Zakheim already lost 2.3 Trillion at the pentagon:
indybay.org/newsitems/2007/12/16/18467275.php

Your arrogance will not help you.


I am from Straya and you don’t know what the cuck mean, user.

Because Trump is good goy and he didn’t stop the funds to the Israel. He is not your friend.

The debt is real much as the fiat is.

Because you write like a child . Hiding behind the glass door and act dumb won’t help you.

Also, pic related is from last year.
It is a fucking war economy that on budget of 4000 trillion (from 2018), represents nearly 20% of all expenditure.
In 2018, the State received $3.654 trillion in revenue, but spent $4.094 trillion.
That's a deficit of $440 billion (requested) $779 billion (actual).
Yeah, I'm quoting wikipedia, the data checks out on .gov sites though.

Simply cutting 10% of military expenditure would have given 2018 a netgain. Instead it's a netloss.
Your army, the pride and joy of USA is sinking the fucking country and constantly tries to make itself relevant, somehow, so it can justify it's overblown expenditure.

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The tax rates haven't went down you know nothing faggot. Show me an example of tax rates going down.
bloomberg.com/news/articles/2019-02-23/u-s-tax-refunds-plunge-17-as-treasury-ratchets-up-defense
This is the working middle class. This isn't the wealthy who RECEIVED a tax cut, because Trump never fucking gave the middle class a tax cut.
If the economy were up or winning at ALL IT'S FUCKING NOT these people would be bringing in more in their returns, not less.
bloomberg.com/opinion/articles/2019-01-28/trump-economy-lags-clinton-s-obama-s-reagan-s-and-even-carter-s
TRUMP'S ECONOMY LAGS EVERY PREVIOUS PRESIDENT INCLUDING CARTER
he's a goddamn lying kike

WINNING

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It’s shit.

You guys are back to the "trickle down economy" schtick. Watch as your political class tries to convice the public that giving tax breaks to wealthy bastards and mega-corps is a good idea because surely those rising profits will eventually fall down the chain to the poor factory worker!

Hint: it was tried once, failed miserably, the only diference is that this time, the public is actually lapping it up (look at r/the_donald)

>>>/cuckchan/

That's exactly what Trump did with his GOP tax cuts.

Have you heard about the Jews?

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r/The_ZOGnald is filled with bots

Keep redpilling him until the red pill process is complete.

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Thank you based user

Thread should have been locked at this point.

Got less in a refund but paid less taxes over all

Of course they're down, Trump capped the deduction of state income taxes from federal income taxes. So some rich faggot who pays say $1 million in state taxes used to be able to write off $1 million in federal taxes, now they can only deduct $10,000 of the $1 million paid to state taxes. As it turns out, the no income tax states have been subsidizing the income tax states. Why do you think states like NY are suddenly finding 2.3 billion dollar holes in their budgets? The rich fags are bailing on income tax states,

tbh this is one of few things Trump actually got right. He literally fucked every blue state up massively. You fucks really ought to pay more attention to the bigger picture and how the system actually works.

How?

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He is a fucking jew you faggot!

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Required reading to understand what Trump is doing.

You would know. Tell us.

Wtf

8ch.net/pol/res/12839988.html#q12844640

I actually got back 3k thanks to the new tax law before accounting for capital gains tax. First time ever even while taking the max allowance. Try not living in a shit state with high taxes that tries to scam the federal government with State tax deductions. RIP California.

Personally I think the yanks shouldn’t pay the taxes and go into innwoods to survive with the white people.

26 USC 7701: Definitions §7701. Definitions (a) When used in this title, where not otherwise distinctly expressed or manifestly incompatible with the intent thereof- (3) Corporation The term "corporation" includes associations, joint-stock companies, and insurance companies. (9) United States The term "United States" when used in a geographical sense includes only the States and the District of Columbia. (10) State The term "State" shall be construed to include the District of Columbia, where such construction is necessary to carry out provisions of this title. (c) Includes and including The terms "includes" and "including" when used in a definition contained in this title shall not be deemed to exclude other things otherwise within the meaning of the term defined. (14) Taxpayer The term "taxpayer" means any person subject to any internal revenue tax. (26) Trade or business The term "trade or business" includes the performance of the functions of a public office. (30) United States person The term "United States person" means- (A) a citizen or resident of the United States, (B) a domestic partnership, (C) a domestic corporation, (D) any estate (other than a foreign estate, within the meaning of paragraph (31)), and (E) any trust if- (i) a court within the United States is able to exercise primary supervision over the administration of the trust, and (ii) one or more United States persons have the authority to control all substantial decisions of the trust. (p) Cross references (1) Other definitions For other definitions, see the following sections of Title 1 of the United States Code: (4) Officer, section 1. http'':''//uscode.house.gov/view.xhtml?req=title:26%20section:7701%20edition:prelim https'':''//archive.fo/claL4 1 USC 1: Words denoting number, gender, and so forth §1. Words denoting number, gender, and so forth In determining the meaning of any Act of Congress, unless the context indicates otherwise- "officer" includes any person authorized by law to perform the duties of the office; http'':''//uscode.house.gov/view.xhtml?req=title:1%20section:1%20edition:prelim https'':''//archive.fo/EGqEf

26 USC 3402: Income tax collected at source §3402. Income tax collected at source (1) In general Except as otherwise provided in this section, every employer making payment of wages shall deduct and withhold upon such wages a tax determined in accordance with tables or computational procedures prescribed by the Secretary. Any tables or procedures prescribed under this paragraph shall- http'':''//uscode.house.gov/view.xhtml?req=title:26%20section:3402%20edition:prelim https'':''//archive.fo/Xo4w3 26 USC 3401: Definitions §3401. Definitions (a) Wages For purposes of this chapter, the term "wages" means all remuneration (other than fees paid to a public official) for services performed by an employee for his employer, (c) Employee For purposes of this chapter, the term "employee" includes an officer, employee, or elected official of the United States, a State, or any political subdivision thereof, or the District of Columbia, or any agency or instrumentality of any one or more of the foregoing. The term "employee" also includes an officer of a corporation. (d) Employer For purposes of this chapter, the term "employer" means the person for whom an individual performs or performed any service, of whatever nature, as the employee of such person, except that- (1) if the person for whom the individual performs or performed the services does not have control of the payment of the wages for such services, the term "employer" (except for purposes of subsection (a)) means the person having control of the payment of such wages, and (2) in the case of a person paying wages on behalf of a nonresident alien individual, foreign partnership, or foreign corporation, not engaged in trade or business within the United States, the term "employer" (except for purposes of subsection (a)) means such person. http'':''//uscode.house.gov/view.xhtml?req=title:26%20section:3401%20edition:prelim https'':''//archive.fo/OK3m9

reminder: any money you get in a tax return is the amount of money you loaned the government; interest free.

Speaking for myself, I got to keep more of what I earned on each paycheck, but got less back at the end of the year. So I traded a small "gain" in the immediate for less of a large "gain" in the future.

Ideally, the government would take not one cent more than what they are "owed", and you would keep everything that's left. In an age of computers and databases and everything else, there's no valid reason anybody should ever have to file a return at all, because we shouldn't be overcharged throughout a year to begin with.

Pay Less Dollars in Taxes, get Less Dollars Back, on Return?
Interdasting…

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this means people who donated to illegitimate (((non profit))) organizations that illegally engage in political activity got less money in return because of the cap put in.

One such example is centerforvoterinformation.org, they received 100k in donations from people that wanted to flip last year's midterms.

lt;dr kikes got less shekels calm the fuck down

I apologize in advance for the reddit spacing, im hungover as fuck right now

We were already getting shorted on taxes because of the kikes on top getting breaks fucktard.

Get rid of the 30 million spics and you'll have more in your tax returns, The spics work jobs that don't pay taxes, when will you learn Zig Forums?

Fuck off, soap.

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Daily reminder that you wasted the $16 billion. Rottenchild kikes will never take this board.

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To be fair there's more shitskins than ever and just like how they don't tip they never pay taxes either.

...

Banks made record profits last year thanks to the Republican tax cuts

>Had the tax law not been enacted, banks still would have done well — the FDIC estimates they would have made $207.9 billion in 2018. But the law tacked an additional $28.8 billion onto their profits. In the fourth quarter alone, more than half of the increase in net income for banks came from the tax bill.


>The Tax Cuts and Jobs Act, passed in December 2017, cut taxes for most Americans, including the middle class, but it heavily benefits the wealthy and corporations.
>According to estimates from the Center on Budget and Policy Priorities, the top fifth of earners get 70 percent of the bill’s benefits, and the top 1 percent get 34 percent.
>The new tax treatment for “pass-through” entities — companies organized as sole proprietorships, partnerships, LLCs, or S corporations — meant an estimated $17 billion in tax savings for millionaires in 2018.

>It’s also got more industry-friendly regulators in place under President Trump. And Congress passed a bill in 2018 easing some rules for banks put in place under the Dodd-Frank financial overhaul, though as Bloomberg notes, it’s not clear that made much of a difference in bank profits.


>While it did result in a lower tax bill for many Americans, many people are also well aware that wealthy Americans and companies got the best deal out of it — this bank profits report is just the latest example.

>President Donald Trump promised a reduction in taxes with the new law. And by most measures, the majority of Americans will see one. The nonpartisan Tax Policy Center projected the tax law would reduce individual income taxes by about $1,260 on average, although it benefits higher earners more.

>Some people already saw the benefit in the form of bigger paychecks. That’s because the law forced employers to change what they withheld.

>In addition, the law also eliminated personal exemptions, increased child credits, limited popular deductions, and generally upended many familiar practices that determine what happens at tax time. That has taxpayers feeling a bit unmoored.

TRANSLATION FROM SKAVENTONGUE…

FYI only kikes care about the national debt because it's only owed to kikes.

Oh no the poor niggers not getting their gibs anymore on taxes they don't pay

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Capitalism and its alternatives are kiked. There needs to be a Third Position.

I don't really get it. What does this mean, one way or the other?

It's not about tax revenue. At most it's an indicator of revenue extrapolated from refunds. But the article doesn't give the information necessary to draw any actual conclusions. So it's a waste of a write up as far as I can tell.

Sasunga the ( ( ( financial press ) ) ), I guess.

Well, the jews can't steal people savings and retirement accounts again so soon.

You are keeping more of your money if the 2017 taxed (filed last year, top) is more than the 2018 one.

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Why not reduce the budget in half?

In two years, Soros will reinstate the thousand dollar health tax on white people who don't feel like overdosing on Sackler's medicinal heroin. There will be no threads about it here or anywhere.

So basically they are taking out less, meaning that people are getting back less. Isnt that technically a good thing and also wouldnt that correlate to tax refunds going down? Not sure what the actual problem is. IT seems that people arent overpaying as much on their taxes.

Yeah I actually had a smaller return last year and was buttmad when the media was blaring everyone getting bonuses and bigger returns.

big picture indeed

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No

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