Yikes, the tariff surplus that our MAGA friends were so excited about during the failed DOGE fiasco are now going back to the companies that paid it. The consumers who paid higher prices because of it get... nothing. Seems anti-MAGA to me, but their ethics blow in the wind, who knows, they might like paying more for nothing.
US Customs processing $20.6B in importer tariff refunds: report | Seeking Alpha
Trump strikes again.
Originally posted by: MaxFlavor
Yikes, the tariff surplus that our MAGA friends were so excited about during the failed DOGE fiasco are now going back to the companies that paid it. The consumers who paid higher prices because of it get... nothing. Seems anti-MAGA to me, but their ethics blow in the wind, who knows, they might like paying more for nothing.
US Customs processing $20.6B in importer tariff refunds: report | Seeking Alpha
Trump strikes again.
I'm suspecting that the only reason even those refunds are going out is that some or even most of the companies getting them are Trump buddies.
I processed my own $1,138 tariff refund by withholding my income tax payment. I filed as usual, and attached a letter explaining why. Saved the government some trouble.
(This is where one of our MAGA fucktards will be unable to resist calling me a "tax cheat." But the reality is that if the federal government steals from me, I owe them nothing. And nor do any of us.)
The corporations get the rebates. Not consumers.
nice, huh?
Originally posted by: Kevin Lewis
I'm suspecting that the only reason even those refunds are going out is that some or even most of the companies getting them are Trump buddies.
I processed my own $1,138 tariff refund by withholding my income tax payment. I filed as usual, and attached a letter explaining why. Saved the government some trouble.
(This is where one of our MAGA fucktards will be unable to resist calling me a "tax cheat." But the reality is that if the federal government steals from me, I owe them nothing. And nor do any of us.)
What did you actually write in the letter, Kevin? Are you saying you owed but you filed and didn't pay?
I've thought about doing this myself many times. Something to the effect of "I don't like the way you spend my income tax dollars so you can keep what I've had withheld on my W-2 but that is it." :) But then I'm just afraid they will send me a nasty IRS letter with a penalty and interest tacked on.
Originally posted by: Jerry Ice 33
What did you actually write in the letter, Kevin? Are you saying you owed but you filed and didn't pay?
I've thought about doing this myself many times. Something to the effect of "I don't like the way you spend my income tax dollars so you can keep what I've had withheld on my W-2 but that is it." :) But then I'm just afraid they will send me a nasty IRS letter with a penalty and interest tacked on.
Here's the thing. The penalties are actually much more severe for not filing (if your income is above the taxable threshhold) than for owing them money. I wouldn't be the only person filing but not paying--not by a damn sight. Most folks have already paid up and are in fact owed refunds, so they have every reason to file. But I claimed total exemption from withholding, and most of my income for 2025 was not from work, anyway.
So what they'll do is, sometime in August, they'll send a letter: "WELL?" and tell me I'm subject to a 10% penalty. Then, in November, when they send out the nastygrams to everybody they think owes them money, I'll get one, too. Big deal. I'd be something like two millionth in line. And realistically? They focus their collection efforts on younger (because it's a bitch to file a claim against an estate) and wealthier (obviously) scofflaws than I.
And I did explicitly say in my letter that I paid the government an unjust tax in 2025 and that tax had been declared unlawful...so THEY owed ME money. I doubt I'll ever get a response from a human, but I actually do feel I had an obligation to say why I wasn't paying.
Originally posted by: Kevin Lewis
Here's the thing. The penalties are actually much more severe for not filing (if your income is above the taxable threshhold) than for owing them money. I wouldn't be the only person filing but not paying--not by a damn sight. Most folks have already paid up and are in fact owed refunds, so they have every reason to file. But I claimed total exemption from withholding, and most of my income for 2025 was not from work, anyway.
So what they'll do is, sometime in August, they'll send a letter: "WELL?" and tell me I'm subject to a 10% penalty. Then, in November, when they send out the nastygrams to everybody they think owes them money, I'll get one, too. Big deal. I'd be something like two millionth in line. And realistically? They focus their collection efforts on younger (because it's a bitch to file a claim against an estate) and wealthier (obviously) scofflaws than I.
And I did explicitly say in my letter that I paid the government an unjust tax in 2025 and that tax had been declared unlawful...so THEY owed ME money. I doubt I'll ever get a response from a human, but I actually do feel I had an obligation to say why I wasn't paying.
That is funny.
Originally posted by: Jerry Ice 33
That is funny.
How so? (I'm sure I'll be sorry I asked.)
I read something about COSTCO returning the tarrifs to their customers.
Originally posted by: Mark
I read something about COSTCO returning the tarrifs to their customers.
That would be a nice gesture. That said, they will still wind up on the plus side of the ledger, because not everyone will bother to apply for the refunds and have saved the needed documentation (who saves all their grocery receipts?).
The proper source for tariff refunds is Trump's accumulated grift and theft from the US government, which far exceeds that $20.6 billion by this point.
Originally posted by: Kevin Lewis
How so? (I'm sure I'll be sorry I asked.)
No, it is truly just funny that you wrote that. If you indeed did do this, you have to update us on your 2025 taxes and if they get resolved down the line.
