Poll: Does your Federal refund tell you whether you got a tax cut or tax increase?

Does a Federal refund tell you whether the person got a tax cut or tax increase?

 

Trick questions. Refunds don't have a mouth so they can't speak.



Kidding.

I got crushed last year. So I take the extension.

Can't say yet

 

I guess I don't know how to articulate this subject.

The answer is no. A federal tax refund, whether it increases this year or goes down this year, cannot possibly tell a person if they got a federal tax cut or a tax increase.

Why?

Because the tax cut or increase is based on how much you paid in federal taxes out of your paycheck, the deductions you have, your income, etc.

So the refund increase or refund decrease alone, means nothing.

 

Understood

 

Yes, we know all liberals paid more and all conservatives paid less. Just the opposite of ACA. With ACA, all conservatives paid more for health care and all liberals paid less.

The answer to the top post question is no. The refund has nothing to do with whether you pay more in federal tax or less in federal tax.