Video & Multimedia
In reply to the discussion: Why Many Americans Are Shocked by Their Trump Tax Refund [View all]Doreen
(11,686 posts)the moment he started vomiting tax cuts to his poor uneducated base.
I have only met four people who have done well or better this year and only one is poor (the poor one by only about $20-$30 more than last year. ) The rest of the people I have spoken to are getting either half, less than half, nothing, or owing.
What people were not told is that they should have refigured their monthly take out and increased it but there are to many people out there that do not understand that and ( no pun intended ) this administration was banking on that.
A vicious cycle for some is just starting. For some there is no way they are going to be able to pay and if by some miracle they are supposed to get money back next year it will go to the previous year's owed taxes. I am sure this administration will tighten the pay back rules a lot causing more financial pain for the people.