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‘Worst tax return in a decade! He’s lost my vote’: Taxpayers lash out at Trump for Tax Cuts and Job Act ‘scam’ as IRS data shows refunds are smaller than last year
US taxpayers have lashed out on social media this past week after receiving lower refunds than last year Some say they owe the IRS despite no apparent change in financial situation Many said they voted for Trump but would not do so again because of taxes 2017 Tax Cuts and Job Act promised lower taxes for the working class in 2018 But employers may have decreased the withholdings amount in salaries It could mean employees paid less during the year and had more in the bank If so, refunds may not need to be as high as 2018 because less was contributed
US taxpayers have lashed out on social media this past week after receiving lower refunds than last year and some finding they even owe the IRS money despite no apparent change in their financial situation.
American taxpayers were hit with the blow as the first week of filing came to a close February 1, despite the 2017 Tax Cuts and Job Act supposedly meaning lower taxes for the working class in 2018.
Some directly targeted President Donald Trump in their complaints online as the Internal Revenue Service released figures Friday showing the average refund amount in the first filing week for 2019 was down compared the same time in 2018.
Total refunds were on average $1,865 for individuals in 2019 while it was $2,035 in 2018, meaning single people have lost out on about $170 or 8.4 percent.
A Twitter user posted Saturday: ‘#taxrefund last year .. $8000.. this year… $900. Lowest it’s been in 6 years. Wow, thanks @realdonaldtrump your trickle down tax is working wonders.’
‘Despite adjusting my withholdings down, I went from getting a #taxrefund last year to owing $1700 this year! Same job, house, and situation. @realdonaldtrump, explain that!’ one person tweeted.
‘Completed my taxes. I file the same every year, claiming nothing. Getting back a fraction of 2017 return. Apparently I mis-read everything. Should have been called “Tax Refund Cuts” cause my returns suck!! Thanks @realdonaldtrump,’ another wrote.
Some even revealed they were turning against POTUS after voting for him in the 2016 elections. A social media posted ‘after you screwed me… I won’t vote for you again … good luck in 2020.’
With the 2017 Tax Cuts and Job Act promising lower taxes imposed on the middle class, it’s possible employers adjusted the withholdings amount taken from a paycheck so employees received more money throughout the year and got a slightly lower refund.
It’s possible some employers took too little from the paycheck but worker failed to notice and didn’t plan to receive a lower refund than previous years.
Others showed no sympathy for those with lower refunds. They suggested taxpayers should have adjusted their withholdings even lower.
‘So many tweets about tax refunds. I haven’t had a refund in years. A tax refund means you VOLUNTEERED to pay the govt. more income tax than was required. Plus the IRS can seize a refund in certain cases. Never pay more to the govt than what’s required.’