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In an era of those great .2% returns on savings or 1% on a short term CD.....whether or not I give the gubment a "loan" of a couple grand one way or the other matters not.
But I guess some people are so tight that even that $10 they "lost" will cause them to write long screeds about it.
That's about.....say, 3 minutes of an accountants time and 5-10 minutes of mine...
My dad says his dad (that's a long time ago) said to pick up a penny even if it's in the urinal. I can say this apple DID fall far from the tree.
I usually run the other way around...that is, I pay the government to borrow money from me (owe some interest on the taxes I have to pay). But it ain't much...or maybe I should look?
OK, on a dang good year I paid them $32 in total penalty.
Let's get back to talking about the political angles of the Trump Tax Reform. I don't want to call them "cuts" or reductions because they obviously are not. They are a change in distribution and more money borrowed.
The really strong base would vote for him even if they paid higher taxes. After all, they are cheering that the stock market hasn't gone anywhere....if they are willing to take that and other hits (more debt for their children), then they could care less about a few hundred either way. Heck, they may have sent that much to that scam to build the wall!
But those who pay MORE.....which is a really nice chunk of voting (relatively well off) Americans.....my guess is he will lose votes.
Here are swing states with a very high concentration of millionaires....most millionaires have 1-6 million, so these are the very people who may have expensive homes and 2nd homes and pay large amounts of state and local taxes.....so they will likely be hit.
Potential Trump Swing States with high concentrations....
TX
FL
PA
VA
MD
MN
CO
WI
Obviously mileage may vary, but I cannot imagine Trump had some crazy idea of punishing the people on the Main Line of Philadelphia or the Texans who have 2 or 3 houses.
My take? It's not earth shattering, but it could be part of a drip, drip, drip. All the starts (and Comey, Stein and Johnson and Russians, etc) had to perfectly align for Trump to win the EC...the more of those lucky breaks that fall away, the more change he has of losing.
I'm not making any predictions. After all, GWB was re-elected. No one ever went broke underestimating the intelligence of the American people (HLM).
I made more money, paid more in taxes and am getting back 1/3 the amount I got last year!
SOOOOOO HAAAPPPPY your rich 1% buddies got a tax break, they REEEAAAALLY need it.
Congrats however, now I know I'm voting for ANYONE but Trump.
Relax...you got the rest of it in your paychecks throughout 2018, back when it really came in handy.
Why do you want to give the government an interest-free loan, anyway? Because if you get a tax refund, that's what you're doing, whether you realize it or not.
Did people look to see how much more per paycheck they were getting all year? Duh
Also, it is not hard to to do a quarterly check of where you currently are throughout a year with your take home pay and taxes. There even nice calculators online to use for this. You see where you are and make the necessary adjustment to your withholding's.
Rocket science I tell you!
But no. Instead people are like "hey! where's my refund!". It was in your weekly, bi-weekly or monthly paychecks you buffoons! The Govt never stole it from you.
I made more money, paid more in taxes and am getting back 1/3 the amount I got last year!
SOOOOOO HAAAPPPPY your rich 1% buddies got a tax break, they REEEAAAALLY need it.
Congrats however, now I know I'm voting for ANYONE but Trump.
"Getting back..." ???
You're doing your taxes all wrong.
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