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Since the 'are your social security benefits taxable' worksheet hasn't been adjusted for inflation for 26 years, any S.S. recipient with a job or other income over $17,700 will pay more taxes. The only adjustment for seniors was a $1650 increased deduction for personal/standard deduction.
So funny how many of these trolls are saying the exact same thing, using the same exact figures and arguing the exact same thing.
It's almost like it's only one troll who's trolling many different forums..... hmmm...
Even if you haven't started on your 2018 return, you've probably heard this tax year's horror story: lower-than-anticipated refund checks or the possibility you will owe the IRS.
This tax year holds surprises for many individuals after the implementation of the Tax Cuts and Jobs Act.
So far, average refunds are down 8.4 percent from the same time last year, to about $1,865.
U.S. taxpayers are filing their first returns under the 2017 tax code overhaul that lowered rates for most people. What makes the paperwork headaches tolerable for many is the promise of a tax refund at the finish line. Yet more taxpayers will end up with no refund, or a smaller one, compared with a year ago, before the lower rates fully took effect. How could that be? The explanation rests with the many other changes that made it into the revised tax code. Some Americans are venting their surprise and anger. https://www.bloomberg.com/news/artic...unds-quicktake
I was cynical of the claims on Twitter and here that folks were paying more than they had in the past....but now a few good friends have done their taxes and they are owing more money than they ever have. None are wealthy folks...comfortable -- maybe upper middle class -- but more like middle class.
Tomorrow I will face our taxes. They aren't complicated -- I'm just nervous.
I'm going to guess that OP 1) didn't vote for Trump in 2016 and 2) there was never a chance he would vote for Trump in 2020.
That said, shouldn't you liberals be happy to be paying more taxes? It's what you vote for.
No. I vote D so I can purchase health insurance on the open market - insurance that won't cancel my policy if I get sick and that won't deny coverage if I get a preexisting condition. This is my #1 reason for switching from R to D and for voting D.
And because I dont want our future Social Security Retirement Benefits cut, like the GOP was planning to do(for specific younger age groups), had they won the House in the mid-terms.
Nobody wants to pay higher taxes, but the GOP DID just raise taxes for some people in the middle class. Although they gave massive tax cuts for billionaires and large corporations such as wall street. Just like the GOP - sacrifice the regular middle class folks in favor of the billionaires.
What makes the paperwork headaches tolerable for many is the promise of a tax refund at the finish line. Yet more taxpayers will end up with no refund, or a smaller one, compared with a year ago, before the lower rates fully took effect. How could that be? The explanation rests with the many other changes that made it into the revised tax code. Some Americans are venting their surprise and anger.
Perhaps the explanation for lower refunds is that these folks had less tax WITHHELD from their paychecks every week/two weeks/month and therefore PAID LESS TAX to Uncle Sam from which to get a refund.
The thought process reminds me of an uncle who thought he was the greatest financier alive when he received a big refund check. "Uncle Sam is giving me money!"
So funny how many of these trolls are saying the exact same thing, using the same exact figures and arguing the exact same thing.
A lot of people got screwed, he is not alone, they are not trolls.
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