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Who would have thought a tax policy written by the top 1% favoring the top 1% was a massive scam on the taxpayer.
The tax windfall that wasn't: A troubling new IRS report suggests many Americans may be giving money right back to the government - NY Daily News
The tax windfall that wasn't: A troubling new IRS report suggests many Americans may be giving money right back to the government - NY Daily News
Americans like their tax refunds. Refunds are good for tax administration, too. Plenty of evidence shows that tax compliance is higher when taxpayers see refunds on their tax returns.
But millions of Americans looking forward to their tax refunds are about to be disappointed, even upset. They will not see their expected refunds when they file their returns in 2019. Even worse, many will be required to pay extra taxes. Why the change? The Republicans’ push to sell their tax law to the American public is the culprit.