Almost All of You Paid Less Taxes in 2018, And Bernie Sanders Wants That Money Back

DB Daily Update ^ | David Blackmon

[rockrr]

Out of curiosity I compared the raw numbers from 2018 against the raw numbers from 2017. I found that, although I made more last year I had less tax withheld resulting in a tax bill half again as large as what I paid last year. It’s the withholding that muddies the picture between one’s tax obligation and what you actually cut a check for.

At least for the average taxpayer.

[wally_bert]

The Bern and every other dem thief politician can rot in hell. A good many RINOs that do nothing or abet are just as guilty.

[House Atreides]

Yes, they SHOULD be looking at line 15 (Total tax) on their 2018 1040 form and not down lower on their 1040 form (after tax withholdings and estimated payments had been subtracted) in line 19 (refund) or 22 (additional rad owed).

If a person took no action, the federal tax withholding from each of their paychecks went DOWN in 2918. Less withholding in some cases meant a lower refund at tax time.

[<1/1,000,000th%]

My federal taxes were cut in half this year. Hoo hoo!

[House Atreides]

‘additional rad owed‘ = additional TAX owed.

[kara37]

If you are someone that had a ton of deductions with no child credit, then the new tax laws stink for you. You will definitely be paying more this year.

However, for us, the new tax laws were very good. We went from paying every year, to getting thousands back this year. The 2000.00 per child credit was one of the biggest factors for us.

[boycott]

This garbage tax cut has Paul Ryan written all over it.

Bunch of idiots in Congress.

[silverleaf]

Well, they didn’t take it from us!
My Lord but we got a big refund for the first time in years, and turned out out to not even be able to use deductions after itemizing for decades.

[Richard Kimball]

We made a sizable donation last year to a local university and I was surprised that the only thing it did was put us at a higher chance for an audit. There was no tangible deduction value.

Yeah, but did it get your kid into USC? I think that's the relevant question here.

I kid, I kid.

[Magnatron]

Yeah, but did it get your kid into USC? I think that's the relevant question here.

LOL! No, unfortunately, I had to do it the old fashioned way -- kids working hard to get into school and me paying out-of-pocket $39K per year EACH for my two at Purdue (my son actually turned down Princeton for Purdue).

We've got another on deck in a few years. I'm watching Lori closely for ideas...

[arthurus]

Fewer Taxes or Less Tax. Fewer drinks or less water.

[MarkL]

I feel safe in saying that the vast majority of people in the USA don’t have the faintest idea of what they’re paying in taxes. The closest thing they come to that is expecting a refund. When you ask most people how much they paid, the answer is “I didn’t have to pay anything, I got XXX dollars back!”

The employer withholding is the greatest evil the government put over on an unsuspecting public. It hides the amount of money people actually pay. It the entire population had to file quarterly returns, along with payments, there would be a popular uprising. That, and the belief that there’s “an employer’s part” of social security and medicare payments. It’s still a part of one’s cost to the employer.

Mark

[lepton]

My refund was 3k less...but I paid $800 less in taxes. Had a pile of receipts for deductions, which weren’t needed. Had I not had experience from previous years, it would have been a lot simpler.