Tuesday Open Thread | Will Tax Season FINALLY Shake Some Sense Into the Cult of Dolt45?

It’s that time of year… tax time…
In case you don’t know it, the GOP Tax Scam is in full effect..
Now, you and me…we knew from the beginning, that it was, in fact, a SCAM.
But, those who showed their lack of character by their votes for Dolt45..

Well, some of them have been in for a rude awakening as they fill out their 1040s:
Tax code changes leave Americans asking, ‘What happened to my refund?’
“If I were to estimate, two-thirds will pay more than they thought and one-third will get more than they thought,” said one tax preparer.

Feb. 8, 2019, 10:41 AM CST
By Martha C. White

With filing season officially under way, a growing number of taxpayers are realizing that the Tax Cuts and Jobs Act might be a double-edged sword.
The White House said in October 2017 that the average family “would get a $4,000 raise” when it was pushing for passage of the law. Now that the new filing season has begun, some taxpayers are finding out that the tax man giveth — but also taketh away, especially as it pertains to their annual refund.

Come on…who ACTUALLY believed that the GOP was going to make sure that the average American got back $4,000. What kind of rube are you to believe that foolishness?

………………….
But even as Gleckman pointed out that some people’s overall tax burdens might be smaller this year, he acknowledged that many people come to expect and even rely on that refund.

“The people who file early are the people who generally count on these refunds. They may have an expectation of higher refunds,” he said. These taxpayers, especially those who hold down multiple jobs, could be in for a rude awakening.

This was what happened to Jason Marques, a postal worker, pizza delivery driver and student in Massachusetts who said that, since his income didn’t change, he was expecting a similar refund to the roughly $6,000 he got last year — money he said would go towards his student loans or paying off credit card debt.

Marques said he was hurt by the cap on student loan interest deduction and the elimination of non-reimbursed business expenses, which he used to deduct the out-of-pocket costs he incurred as a delivery driver. “My jaw hit the floor,” he said, when he learned his 2018 refund would be under $500.

Multiply that by MILLIONS, and folks MIGHT be getting the drift.

Taxpayers who live in states with high costs of living or who used to take a lot of real estate-, tax- or work-related deductions also should be prepared to have to break out their checkbooks come April, Charron said.
Since Charron is based in New York City, his clients tend to come from areas with high home prices and property taxes. “If I were to estimate, two-thirds will pay more than they thought and one-third will get more than they thought,” he said. “I had a call yesterday with a client and I had to tell him his withholdings were short by $16,000.”

These are blue state folks. We need to continue in 2020 what began in 2018. Shouldn’t be a Republican left in 2020 in a blue state, because this is THEIR LOVE CHILD- from beginning to end.

 

Found this story at another blog:

Sab says:
February 8, 2019 at 10:31 pm
@Kay: I do tax prep. I am really curious about how this tax season will go. First horror story (not a client; I would never discuss a client on a blog) a co-worker of someone I know has a wife and eight kids. He didn’t think to adjust his withholding because he’s just a normal guy who goes to work and doesn’t think about stuff like that. He was expecting a refund. But of course he had lost ten personal exemptions (him, wife, eight dependent kids) which is worth more than $40,000 off his taxable income that he isn’t getting any more. So he had to borrow to pay his taxes. Plus he has to readjust his withholding so his take home will be less going forward. Net effect of the tax bill for him: no refund, new debt, less take-home pay.
Next election a lot of people may be bitter.

Ya think?

Middle Class Dads Freak Out About Trump Tax Hike
Blake Harper
February 6, 2019

………………..

What’s the reason for this financial switcheroo? It stems from President Trump’s tax reform, which was passed in 2017 and was touted by Trump and the GOP as a win for the middle class. However, with the new tax system now in place, Americans are discovering that most of the tax relief from the bill is actually being experienced by corporations.

Meanwhile, many people are seeing an increase in taxes due to the bill eliminating many of the deductions that were used by middle-class families in order to lower the amount of taxes they were required to pay. Most notably, the tax reform placed a cap on deductions for taxes on both state and local levels.

Unsurprisingly, people have not been happy to discover that what they expected to be a decrease in taxes paid is actually an increase. Those who had been supporters of Trump are especially infuriated, as many were under the assumption that he would provide financial relief for middle-class families, something that he consistently promised during his Presidential campaign. Many have even taken their anger online, with #GOPTaxSCAMStories trending on Twitter as more and more members of the middle-class express their feelings of betrayal towards Trump and Republicans.

JUST A SAMPLING….

.I am a Republican voter. I just did our taxes.
The @GOP tax bill cost my family THOUSANDS of dollars this year on our return due to changes, thereby hitting us with the LARGEST tax increase of our lives.
We are middle-class homeowners, and you raised our taxes.
Infuriating!
— Dennis Jordan (@DennisMJordan) February 5, 2019

Several users explained that they had voted for Trump and now were left wondering if they had made the wrong decision.
@realDonaldTrump I trusted and voted for you, now, screwed by you. I fall JUST above a tax bracket, I don’t get the 5000 return I’ve gotten the last 3 years. Money my family depends on to start us over. I served my country honorably. I will not make the same mistake twice.
— Matt Davis (@MattDav72811123) January 30, 2019

Others presented just how much their taxes had shifted in just a year, highlighting how much of a shock the effect of this bill has been.
2017 taxes = $5,408 refund …
Unchanged salary, unchanged withholding…
2018 taxes = $440 owed to the IRS.
I’m middle class, single with a $83,085 income.#GOPTaxSCAMStorieshttps://t.co/afbjBv0eZa
— Michael K Richards (@_hesh_) February 4, 2019

is it mean of me to say….
WOMP WOMP WOMP…

Here are stories at Tax Refund Twitter

Also at Tax Scam Twitter

Well, those who voted for the GOP…you didn’t actually think that they were looking out for YOU, did you?
Come on…
We tried to tell you, but you always had some reason why you voted GOP.

This entry was posted in Economics, Fraud, Open Thread, Politics, Uncategorized and tagged , , , . Bookmark the permalink.

60 Responses to Tuesday Open Thread | Will Tax Season FINALLY Shake Some Sense Into the Cult of Dolt45?

  1. eliihass says:

    Like

  2. eliihass says:

    Like

  3. rikyrah says:

    Like

  4. rikyrah says:

    😢😢😢

    Liked by 1 person

  5. Fake ass liberal allies………………..

    Like

  6. vitaminlover says:

    Ladies,
    Humpty Trumpty wanted a wall.
    Humpty Trumpty had a great fall.
    All of his cronies and all of his men,
    Couldn’t get him or his wall back together again!

    Liked by 2 people

  7. Liked by 3 people

  8. rikyrah says:

    Like

  9. rikyrah says:

    👏👏👏

    Liked by 2 people

  10. Liked by 1 person

  11. Dick Gregory presidential candidacy interview, 1968

    Like

  12. Dick Gregory – “There Are Two Donald Trumps”

    Liked by 1 person

  13. Like

  14. I don’t think @TheDemocrats are THAT stupid to fugg up with their most loyal voting block. Black women voters! Try us! 💅🏽

    Liked by 1 person

  15. Liked by 1 person

  16. Like

  17. rikyrah says:

    Uh huh
    Uh huh 😒

    Why no AMY IS A COP bullshyt?😠😠

    Liked by 2 people

  18. Liked by 1 person

  19. Liked by 1 person

  20. Like

  21. STOP IT!

    Like

  22. Liked by 2 people

  23. Liked by 1 person

  24. Liked by 4 people

  25. Liked by 1 person

  26. LIZA!

    Liked by 1 person

  27. CON

    Like

    • Ametia says:

      Translation:

      I believe i should be able to wear black face & serve as governor with impunity.

      But now that my pasty white ass is in the hot seat, let’s look at the majority of BLACK felons and see what rights we can give’em!

      imma right?

      Liked by 2 people

  28. Liked by 1 person

  29. Liza says:

    Retired Astronaut Mark Kelly is going to take on Appointed-Not-Elected Martha in 2020:

    Liked by 1 person

  30. Liza says:

    When they passed #GOPTaxScam there should have been plenty of red flags for middle class people but I guess they weren’t paying attention. For crying out loud, they took away common deductions, capped others, and eliminated personal exemptions. On the other side they raised the standard deduction and changed the brackets, supposedly to compensate. If I were itemizing deductions or had dependents this would have alerted me to run some numbers.

    Liked by 3 people

    • Liza says:

      And I gotta laugh when they say, “y’all need to increase your withholding to get a bigger refund.” Increasing your withholding means you’re paying MORE tax and have less take home pay.

      Paying more is paying more and that’s what a lot of folks are going to be doing.

      Liked by 4 people

  31. Ametia says:

    Word of the Day : February 12, 2019

    Teem: verb TEEM

    Definition
    1 : to become filled to overflowing : abound
    2 : to be present in large quantity

    https://www.merriam-webster.com/word-of-the-day/teem-2019-02-12?pronunciation&lang=en_us&dir=t&file=teem0001&utm_campaign=newsletter&utm_medium=email&utm_source=wotd&utm_content=pron

    Liked by 1 person

  32. rikyrah says:

    Good Morning, Everyone 😄😄😄

    Liked by 1 person

    • Ametia says:

      Good Morning, Rikyrah & 3 Chics Family! Well we’re in the middle of another winter wonderland here. Digging out, with enough salt on the roads and pavements to season everybody in the state’s 3 course meal.

      Rikyrah, folks don’t want to learn those lessons the easy way. They’ve shown their asses all along.

      Those POC, those blacks are the folks they thought 45 was going to stick it to!

      PAY THE PIPER, MOFOs.

      Liked by 3 people

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