American taxpayers paid over $90B more under Trump tax law

[whack]

https://finance.yahoo.com/news/american-taxpayers-paid-nearly-100-billion-more-to-irs-under-trump-tax-law-194900782.html

[marpstar]

> This is in part thanks to the Treasury Department processing 1.5% more individual returns for 2018 than 2017.

so more people working == more people paying taxes, obviously.

> Refunds did increase this year — but not by much. The IRS refunded about $398 billion to taxpayers for 2018. For 2017, it was roughly $386 billion.

12 billion is "not that much" (of the 90 billion dollar total difference in intake)??

> At first, refunds on average were down a staggering 17%, before slowly creeping upward and remaining relatively flat.

Tax cuts == individuals pay less, so they have a smaller refund...

Why is any of this newsworthy?

[GhostVII → marpstar]

Just looking at refunds is misleading regardless - withholdings changed, which affects refunds. ideally refunds would be near 0.

[sieabahlpark → marpstar]

The headline is what tells the story. The tax cuts didn't save anyone money, we actually (implied same number of workers) paid more overall than if we didn't cut the tax.

It's just headline which is deceitful

[notlukesky]

The art of the tax deal then. Make it seem like a tax cut and take more in taxes. Someone has to pay for golf trips.

[inflatableDodo → notlukesky]

I reckon we are nearly at the end though, as he has just started threatening Twitter - https://twitter.com/realDonaldTrump/status/11377022188351365...

I predicted long ago that the Donald Trump Presidency would probably end with him setting fire to the White House in a fit of rage after being kicked off Twitter. With any luck this could be the beginning of that process.