[vtsnowedin]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')
However, though there may be shrill whining from either side, IMO, there's no viable evidence to suggest the IRS isn't reliable in reporting data re aggregate tax numbers. And there's no better data source to really look at the big picture than a summary OF the big picture.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')
However, though there may be shrill whining from either side, IMO, there's no viable evidence to suggest the IRS isn't reliable in reporting data re aggregate tax numbers. And there's no better data source to really look at the big picture than a summary OF the big picture.

[vtsnowedin]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', '
')And of course, you have solid evidence for this.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', '
')And of course, you have solid evidence for this.

[vtsnowedin]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')
For one thing, accusations don't constitute proof. Often accusations constitute one group's perceptions.

And the complaints of your links are a completely different thing than the publishing of the overall tax data by general category or broad group.

I just searched on "IRS publishing false data on tax receipts". I'm not even finding obvious hits from wild-eyed blogger conspiracy types.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')
For one thing, accusations don't constitute proof. Often accusations constitute one group's perceptions.

And the complaints of your links are a completely different thing than the publishing of the overall tax data by general category or broad group.

I just searched on "IRS publishing false data on tax receipts". I'm not even finding obvious hits from wild-eyed blogger conspiracy types.

[Cog]

I pay in quarterly estimated taxes. I just filed today and my refund is less than last year. I attribute that to getting better at figuring out how much I owe at the end of the year. At certain income levels long term capital gains aren't taxed at all which makes it complicated. My tax guy says I shouldn't do any federal quarterly tax payments since I owe so little at the end. I will get a small tax penalty for underpaying state taxes. I tend to make one large payment at the end of the year and the state wants tax money throughout the year.

So bottom line, I didn't see much difference to me at the federal level since I don't really pay much in the way of federal taxes.

After April 15th we should have some figures on revenue to the government. I guess the IRS is the people who report that.

[vtsnowedin]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')OK. Got it. Anyone should spew anything they believe, and facts or evidence be damned.

[vtsnowedin]

$this->bbcode_second_pass_quote('Cog', '
')So bottom line, I didn't see much difference to me at the federal level since I don't really pay much in the way of federal taxes.
.

[Cog]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Cog', '
')So bottom line, I didn't see much difference to me at the federal level since I don't really pay much in the way of federal taxes.
.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')OK. Got it. Anyone should spew anything they believe, and facts or evidence be damned.

[vtsnowedin]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')You gave me "evidence" of what? That the IRS publishes false data in its summary numbers? If you did, I missed it.

[KaiserJeep]

Being married to a CPA, who varies witholding on her own salary as the year passes, we never have much drama in taxes. I have not owed more than $300 or gotten as much as that in a refund, either. But I do hear all the horror stories about those who figured they could ignore taxes for the entire year, then come in and have somebody fix it in April of the following year.

Both the IRS and the State of California get irate over 5-figure and 6-figure amounts, and pile on interest and penalties.

[vtsnowedin]

Here is another story about SALT and the push to reinstate the deduction. The interesting thing I picked from it was the average SALT deduction claimed by California residents (with New York andConnecticut being higher). California has a tax rate of 9.5% and New York has state and city tax rate that adds to a bit over ten percent, so the average deduction claimed of $18,438 means we are talking here of people making 185K or better. The article did not breakdown what if any percentage was property taxes vs, income taxes. I can see why working people are moving out.
https://www.bozemandailychronicle.com/a ... 8bb38.html
$this->bbcode_second_pass_quote('', 'A')n analysis by the left-leaning Institute on Taxation and Economic Policy found that nearly two-thirds of the benefit of repealing the cap would go to the top 1 percent of taxpayers.

But even though the wealthy reap the most benefits, many of the people affected by the new cap in high-cost, high-tax states are middle-income earners.

About 6.1 million California residents filed for the deduction in 2015, reducing their federal taxable income by $18,438 on average, according to the Urban-Brookings Tax Policy Center. Only New York and Connecticut had a higher average deduction.

[Plantagenet]

I just completed my 2018 federal taxes. I saved about $3500 on my federal taxes due to the new tax law----almost exactly what I expected based on the tax calculator the Wall Street Journal put out when the Trump tax bill passed back in 2018.

Alaska doesn't have a state income tax or a state sales tax and my cabin is paid off so I'm not affected by the limit on the SALT tax deductions. However, I'm not that sympathetic to wealthy people who buy waterfront mansions and then want to deduct a million dollars in interest payments from their federal tax bills and now are whining because they actually have to pay taxes on their giant incomes.

Why should the wealthy get a huge tax break just because they bought a gigantic mansion? IMHO the wealthy should pay their fair share of taxes, just like everybody else. I find it amusing †he that Ds are all upset that wealthy people have to pay more taxes because of the limits on SALT deductions---it seems like another example of how the Ds pretend to want higher taxes on their rich, but now that taxes on the rich have actually gone up in the Trump tax bill the Ds are endlessly caterwauling about it.

Cheers!

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')You gave me "evidence" of what? That the IRS publishes false data in its summary numbers? If you did, I missed it.

[ROCKMAN]

Outcast - To follow up on KP's post I told my wife the ideal tax refund should be $0. If someone doesn't understand that don't reply to me because I'll ignore you. But I later told my wife I might be wrong: our citizens are such poor savers it might not be a bad idea for some to have the govt force them to "save" some money...even at 0% interest. But, unfortunately, when that refund check shows up it typically is spent right away. Not that a bill would pass but even better: retain all the refunds until folks reach 65 yo. Of course that probably would get many to adjust their withholding to minimize/eliminate their withholding.

An interesting side note: not being advertised much but a potential bill being floated around Congress: force employers to automatically withhold some portion of paycheck for those with outstanding govt college loans. I think the feds are getting a tad nervous now that the total outstanding in over $1 TRILLION.

[vtsnowedin]

$this->bbcode_second_pass_quote('ROCKMAN', '
')
An interesting side note: not being advertised much but a potential bill being floated around Congress: force employers to automatically withhold some portion of paycheck for those with outstanding govt college loans. I think the feds are getting a tad nervous now that the total outstanding in over $1 TRILLION.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('ROCKMAN', '
')
An interesting side note: not being advertised much but a potential bill being floated around Congress: force employers to automatically withhold some portion of paycheck for those with outstanding govt college loans. I think the feds are getting a tad nervous now that the total outstanding in over $1 TRILLION.

[vtsnowedin]

I suppose skimming a recipients benefit check by the same percentage as you do a workers wages would amount to as much.
The people advising students about where to go to college and how to pay for it are not rewarded for giving good advice as that would reduce the number of students applying for admission. The population of students is already declining markedly and the competition is becoming fierce.
To some this and credit cards are the modern version of slavery where the potential slaves have to be tricked into selling there future earnings (plus interest) for a small benefit today.