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

Discussion in 'General Discussions' started by SW48, Feb 11, 2019.

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

  1. Yes

    0 vote(s)
    0.0%
  2. No

    3 vote(s)
    100.0%
  1. SW48

    SW48 Administrator Staff Member Supporting Member

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    Does a Federal refund tell you whether the person got a tax cut or tax increase?
     
    Last edited: Feb 11, 2019
  2. PhilFish

    PhilFish Moderator Staff Member

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

    o_O:p

    Kidding.

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

    Can't say yet
     
  3. SW48

    SW48 Administrator Staff Member Supporting Member

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    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.
     
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  4. PhilFish

    PhilFish Moderator Staff Member

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    Understood
     
  5. Caroljo

    Caroljo Senator

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    People are complaining that they have to pay in more, or that they're not getting as much money back as they usually do. Well duh....you didn't pay in as much!
     
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  6. marvin martian

    marvin martian Senator

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    Exactly, so when you see leftists hyperventilating that "refunds are smaller this year!!!", they're exposing the fact that they are too stupid to understand a smaller tax burden necessarily carries a smaller refund.
     
    • Disagree x 1
  7. 4/15

    4/15 Mayor

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    You have to do the return and see what tax bracket you are in to know. I got to pay more this year and made the same as last.
     
  8. SW48

    SW48 Administrator Staff Member Supporting Member

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    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.
     

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