The Tax Thread: Trump's Middle Class Tax Cut Will Bankrupt YOU!

[haele]

11. Refunds are trending up - like, those who got a refund got more. But fewer are getting refunds -

I didn't get a refund from the Feds, I ended up owing ~ $700, even after I adjusted my withholdings back last March. I ended up setting my withholdings to single, even with a spouse and two dependents (I got to add one this year; we got guardianship for the second time). However, I got back a third again more from the State - $2900. So the State paid the Feds.

Oddly enough, last year, under the old tax policies, I got ~ $800 back from the Feds and around $2K back from the State, and I only had a spouse and one dependent - so I actually lost that $800 this year when all was said and done.

Between me and disabled spouse, we make under 6 figures, so we aren't totally "middle class", we're more working class. Some Tax Break.

But honestly, I'd rather be lending money interest free to the State of California than the Feds at this point in time. The Trumpsters will get my money for their Red State addictions when I'm ready to give it to them, not a minute before.

Haele