Author Topic: Newsrooms that rushed to report tax refunds were smaller this year go silent on IRS data showing ref  (Read 352 times)

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rangerrebew

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Newsrooms that rushed to report tax refunds were smaller this year go silent on IRS data showing refunds have increased
 

Tax refunds are up from where they were this time last year by 1.3 percent following the fourth week of the 2019 filing season, according to new Internal Revenue Service data.

To be more specific, the average tax refund has increased to $3,143 from $3,103 last February, according to cumulative statistics comparing the 2018 and 2019 filing seasons.

Oddly enough, certain newsrooms have responded to this development with total silence. I say “odd,” because it was just a few weeks ago that these same newsrooms rushed to report that tax refunds were smaller this year, suggesting either implicitly or explicitly that the decrease was tied to the Republican Party’s tax reform bill.

https://truepundit.com/newsrooms-that-rushed-to-report-tax-refunds-were-smaller-this-year-go-silent-on-irs-data-showing-refunds-have-increased/

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Offline goatprairie

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I  got into an argument about this topic with a bunch of liberals on a comments section for a news station in my state.
The libs whined that because of the tax cuts, people are getting smaller refunds. They actually thought people were getting less money because of lower taxes.
I told them that was because most likely they're having less taken out of their paychecks.  The best refund anybody should get is zero. That means they're keeping more of their money than letting politicians spend it foolishly.
I didn't get any return comments from the libs after I posted that comment.

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Tax results are being influenced as much by changes in withholding as tax rates themselves, and that is something we can actually control.  Although in my case, the Kentucky state tax is different enough from the Federal that it makes it a little bit awkward to find the right balance.
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