Under new Trump tax code, average refund is 8.4 percent smaller

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 86%

United States Headlines News

United States Latest News,United States Headlines

New data from the IRS shows the average refund this year for early filers under the new Trump tax code is 8.4% smaller.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That’s just a stupid headline.

Is anyone surprised

People are paying less taxes so there is less to refund. Seems simple but by all means try to write your headline to make it look like a tax hike. Figure it out

bradengw ObamaCare ENDED the tax refund . If you get one now you get FREE EVEYTHING ,vote dem and/or are illegal.

More FakeNews spin from FakeNewsNBC Less withholding throughout the year leads to lower (if any) refunds, morons. I have no sympathy for chuckleheads that give the government an interest-free loan every year...

No $& dumb trump gave you a tax break all year

Way to imply that your viewers are too stupid to understand how federal taxation works.

LEX18News That’s because more take home pay throughout the year. People need to stop giving the government interest free loans.

LEX18News This statistic is worthless unless we know average income difference and average withholding compared to last year as well.

LEX18News This statistic is worthless unless we know acerage income difference and average withholding compared to last year as well.

But where did your total tax bill end for 2018? I’d bet it was less than 2017.

BenefitVBurden What’s the median? Average reflects the skew toward pass through income, where the amount will increase. I’m hearing 15% lower for wage income earners. That’s a big hit.

What they are not saying is that people are paying less taxes.

Lying to your ignorant base again NBC. Your refund size has NOTHING to do with your income. The Trump Tax Code is about less taxes, more “take-home” pay.

Comments show readers are not idiots. Of course the refund is not the same thing as total taxes paid, and the average working family did pay less taxes as payroll deductions all year under the new Trump code. Shameless brainwashing, this. Just stop.

Morons!!! Average refund has nothing to do with the effective tax rate. I’m guessing you would have reported that it if was higher. fakenews Then you could actually say taxes are higher than the previous year. SO LAZY!!!!

Duh. They were paying in less in taxes.

Ya know, that’s an irrelevant number. Now if you wanted to dig into a comparison of total tax paid year over year, that would be relevant. I won’t hold my breath.

Thanks trump and gop

I’m cool with that, my paychecks are noticeably bigger and I’m about buy things I couldn’t under the past president. Thank you President Trump!

Just think of all those people who only know common core math that are confused by this as intended.

And people wonder why Trump calls the media 'fake news'? Your refund is smaller because your paychecks were larger, less was taken out in most cases.

Average....yeah not helpful. What’s the median decline? And the median decline per income bracket. Average tells us nothing.

Because the WITHOLDING was smaller. Don’t obfuscate facts.

Well someone has to pay for the tax break for the 1%... you ‘d think the billionaires would at least say thank you...

Well there was less taken out of every paycheck… So you need to factor that in 🙄🙄😳

Obviously you do not know how the tax system works. Workers received more salary and less taxes out of the 2018 wage payments. Trying to compare return values to the actual amount received by workers is a false narrative and not in touch with reality.

Wow trump fix it where the rich get richer .he sold money from the american people.whats sad he shit on the ones who voted for him.

What about those who are paying for the first time?

LEX18News For people that pay no taxes, this is a good thing for working people.

Not quite how it works but spin it as you may!

Because there was the money withheld 🤗

Strange. As middle classer I received more.. Mmm..

Your so dumb!!!! That's because the government has taken LESS out of our paychecks....yherefore refu d's are LESS. Argh....fakenews

You think! Half the deductions were cut from the Schedule A but there are things that can be done.

Even with Republicans we lose, the worst part is looking at the Federal budget and realizing they have almost a trillion dollars of what they label as discretionary spending money. We just spent 2 months talking about 5 billion, thieves. Give me back my hard earned money!!

EndTheFed and its unconstitutional collection agency the IRS.

YOU PAID LESS TAXES THROUGHOUT THE YEAR, numbskulls! ie.... keep more of your own money.

Now report how much they paid in taxes. Was it more or less than last year. You pay less in taxes you're gonna get a smaller refund.

Lower taxes Less withholding smaller refund

How did the effective tax rate change?

That's because more people are working earning better pay.

Great 👍🏽

That is great! Means your keeping more of your money

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

House Panel to Probe Any Foreign ‘Financial Leverage’ Over Trump(Bloomberg) -- Vowing not to be “intimidated” by Donald Trump, the new Democratic chairman of the House Intelligence Committee said the panel will probe whether foreign governments or individuals had improper leverage over the president or his business interests. Spoken like a true Dictator. remorseless republicans will protect a criminal when he's a republican. Hes right
Source: YahooNews - 🏆 380. / 59 Read more »

Ivanka Trump has ‘zero concern’ about Mueller probe, plays down pursuit of Trump Tower in MoscowIn an interview with ABC, the president’s daughter said she “barely” knew about the prospective real estate deal that was discussed well into the 2016 campaign. LOL.. she would. I wonder is she understands what it's about. Blonde battle : American Blonde vs Soviet Blonde....al of them are Hot Nukes !
Source: washingtonpost - 🏆 95. / 72 Read more »

Ivanka Trump says she knew 'almost nothing' about Trump Tower Moscow projectIvanka Trump says in a new interview that she knew 'literally almost nothing' about the Trump Tower Moscow project that's become a central focus of special counsel Robert Mueller's investigation, adding that she has 'zero concern' about the probe or the possibility that anyone close to her could be implicated. I can believe she knows nothing. 'literally almost nothing' what exactly does 'literally almost nothing' even mean?
Source: CNN - 🏆 4. / 95 Read more »

Donald Trump vs. Elizabeth Warren: here are all the times Trump has mocked Warren'I do think Elizabeth Warren’s been hurt very badly with the Pocahontas trap,' Trump recently said. I would pay cash money to see Warren debate Trump on literally anything, even if she wasn't running. He'd be carried out on a stretcher. This deeply racist man must be forced to step down. How can Republicans call for Northam's resignation, and not call for this evil man to step down?
Source: Newsweek - 🏆 468. / 52 Read more »

Secret Files Show How Trump Moscow Talks Unfolded While Trump Heaped Praise On PutinAhead of Michael Cohen’s testimony, read the original paper trail behind the campaign to build Europe’s tallest tower in Moscow — and how it played out alongside Donald Trump’s presidential campaign. FakeNews BuzzfeedIsTrash His interest in building a Trump Tower and deciding against it is hardly news. Clearly, more of your writers need to learn to code. LearnToCode
Source: BuzzFeed - 🏆 730. / 51 Read more »

President invites bullied Delaware sixth-grader named Trump to SOTUJoshua Trump says the bullying has gotten so bad, he's considered changing his name. Lol. Put him on the national stage. That'll help the bullying Hey kid, be smart and send a message by staying home and doing your homework.
Source: politico - 🏆 381. / 59 Read more »

Will the State of the Union be 'Teleprompter Trump' or 'Twitter Trump'?This year’s State of the Union could present an especially jarring contrast with the realities of Trump’s presidency That needs to be illegal. I’d rather prep for a colonoscopy. Over/under on how many lies Trump tells in tomorrow SOTU2019 —— 64
Source: politico - 🏆 381. / 59 Read more »

Explosive Bezos allegation could jeopardize Trump ally immunityAmazon founder, Jeff Bezos, went public with an explosive allegation that the National Enquirer tabloid tried to blackmail him with stolen explicit pictures. MSNBC Chief Legal Correspondent, Ari Melber, breaks down how the allegation could add gasoline to a federal probe impacting Michael Cohen and Trump. Trump ally and National Enquirer publisher, David Pecker, allegedly arranged for the Enquirer to buy stories from women linked to Trump, like former Playboy model Karen McDougal, in order to hide them and protect Trump. Does anyone believe what that AMI lawyer says? Not I. Picture Of Trump With David Pecker Of The National Enquirer! bezos gives pecker the shaft.
Source: MSNBC - 🏆 469. / 51 Read more »

Ivanka Trump has 'zero concern' about special counsel Robert Mueller's investigationPresident Donald Trump's daughter and White House adviser Ivanka Trump says she “barely' knew about the prospective Moscow deal that the Trump Organization pursued while Trump was also running for president, downplaying the significance of the project’s exploration. Trump further downplayed She is so hot. Where was MSM and when Obama was separating children and caging them, handing them over to drug dealers & human traffickers, then losing track of all of them?
Source: YahooNews - 🏆 380. / 59 Read more »

Frustrated right-wing host says 'bullsh*t' after Trump-supporting CBP agent refuses to demand a border wall“I love President Trump. And he’s doing a great job. Absolutely. But I must say it’s still up to the American people,” the CBP agent told BlazeTV host Eric Bolling. “Border Patrol Chief: 'We Certainly Need a Wall” So he asks ONE rogue agent therefore it must be true.😂
Source: Newsweek - 🏆 468. / 52 Read more »

Reuters Top News @ReutersTrump delivers remarks on Islamic State to foreign ministers and diplomats I wonder if you showed realDonaldTrump a map of the US and asked him to find ‘Islamic State’ which state would be choose? dipshitinchief presidentdumbfuck posprez Ah, no...there's no way you're making me listen to Trump talk twice in 24 hours.
Source: Reuters - 🏆 2. / 97 Read more »