Trump Regrets - Many Trump Supporters Are Angry About Their Tax Refunds

I think the chart is pretty self explanatory.    If we actually implemented Ayn Rand libertarianism and forced everyone to pay their own way....the states that would suffer most would be the same states pushing that ideology.    Ironic, aint it?

And considering Amazon does not pay Federal Income tax....and only will put its H2Q somewhere in exchange for paying no local tax ...  well, you do the math.

(Edited to add....the Republicans simpler fairer tax code left all of the complex, unfair deductions in place for corporations to utilize.   So corporations dont really pay the 20% that Republicans claim - thats just the starting point from where they start deducting.   Trump was right about Bezos in that regard....but its also true for him)

I don't think I was proven wrong at all. Many Trump supporters are angry about their tax increases. Don Jr. tried to make the same argument as the Vox article yesterday on Twitter.  He was immediately hammered by Trump supporters whose taxes went up by thousands of dollars.

Overall refunds are down 8.4% And a lot of people are dealing with a thousand dollar or more tax increase that has nothing to do with their payroll withholdings. These are the folks paying for the Trump tax cut. When I get home, I can post some more MAGA losers from Don Jr.'s Twitter feed.

Mark continues to show ignorance between tax refund and tax paid, due to changes in withholding where people received their refund thru lower withholding.

Overall, Treasury officials said they expect fewer Americans to get refunds this year when compared with last year. However, they said most Americans are still expected to see a net tax benefit as a result of the passage of the Tax Cuts and Jobs Act.

“Most people are seeing the benefits of the tax cut in larger paychecks throughout the year, instead of tax refunds that are the result of people overpaying the government,” the spokesperson said in a statement on Thursday. “Smaller refunds mean that people are withholding appropriately based on their tax liability, which is positive news for taxpayers.”

In other news Amazon is pulling out of their NYC deal over concerns that NY may renege on the tax deal; which in Mark/PJ world people never make decisions over taxes. 

Tom writes - "In other news Amazon is pulling out of their NYC deal over concerns that NY may renege on the tax deal; which in Mark/PJ world people never make decisions over taxes. "

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Everybody wants lower taxes - especially Amazon.      Their criteria for HQ2 was among other things a highly educated workforce and a well developed mass transit system.     But they made it clear they dont want to chip in to pay  for either of those things.      I believe a plurality of New Yorkers then told them to F-off.   

Dont worry - I'm sure Baton Rouge will be happy to oblige Amazon's tax requirements - but its that educated workforce and mass transit that's going to be a problem there.  Good luck, Jeff !

Tom, it is you who doesn't get it. Let's break down the Treasury Officials' statement. 

...[M]ost Americans are still expected to see a net tax benefit... 

Translation: Overall, wealthy Americans will see a large net tax benefit.  But for middle-class Americans, it will be a mixed bag. A lot of them will see a small expected net tax benefit generally less than $200.  Here is the part you need to pay attention to Tom.  But a lot of middle-class Americans will see an expected net tax increase because of the elimination of exemptions, caps on the deductibility of SALT taxes, the loss of the ability to deduct non-reimbursed business expenses and the fact that most of those that used to itemize deductions will now be forced to take the standard deduction. In these cases, the typical increase in tax liability can be thousands of dollars.  

 "I believe a plurality of New Yorkers then told them to F-off."   

Once again mark is wrong; from a Siena poll;

In New York City, 58 percent of registered voters backed the plan, while 35 percent were opposed.

Might want to look up the word "plurality"

As usual, Mark and PJ spout off about topics they clearly don't understand. Anyone buying their postings are just as delusional as they are.

35% is not a plurality

The Amazon deal should serve as the canary in the coal mine about how the democrats can create an anti-business climate to stifle economic growth.