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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDear Democrats, please start every sentence with 'Average tax refund down 8% so far this season'
(CNN)Tax season is off to a slower start this year, with early filers seeing smaller average refunds.
The average refund is down about 8% under the first full year of the overhauled tax code, according to data released by the IRS on Friday. Refunds averaged $1,865 compared to $2,035 for tax year 2017.
The total number of returns received also dipped during the first week of the season ending February 1, down from about 18 million to some 16 million so far in 2019.
This season will be watched closely to gauge the real impact of the Republican-led tax overhaul in 2017 that ushered in the most sweeping changes to the tax code in 30 years.
The average refund is down about 8% under the first full year of the overhauled tax code, according to data released by the IRS on Friday. Refunds averaged $1,865 compared to $2,035 for tax year 2017.
The total number of returns received also dipped during the first week of the season ending February 1, down from about 18 million to some 16 million so far in 2019.
This season will be watched closely to gauge the real impact of the Republican-led tax overhaul in 2017 that ushered in the most sweeping changes to the tax code in 30 years.
https://www.cnn.com/2019/02/09/politics/tax-code-early-returns-data/index.html
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Dear Democrats, please start every sentence with 'Average tax refund down 8% so far this season' (Original Post)
spanone
Feb 2019
OP
It means something to people whose income and withholdings were largely unchanged from
RockRaven
Feb 2019
#2
dem4decades
(11,288 posts)1. Average refund isn't taxes paid. To me this doesn't mean anything.
RockRaven
(14,966 posts)2. It means something to people whose income and withholdings were largely unchanged from
the previous year. Which is a lot of people.
In addition, not everybody has a thorough understanding of every phenomenon they encounter. Almost everyone has something in their life which is both a) important to them, and b) is -- to them -- a black box. For some people, that's taxes. Being precise, thorough, and pedantic in speaking about taxes is not going to reach some people -- who perhaps may be reached by this type of rhetoric.
dem4decades
(11,288 posts)3. While i believe that people's incomes have a good chance of
Being the same. There were changes in withholding and tax tables.
I'm not saying people didn't get fucked, i'm just saying unless you have income totals and tax totals, you really can't say for sure.
I haven't done my yet, but i think i'm going to get screwed.
Blue state taxes and all.