Middle Class Dad Freak Out About Trump Tax Hike.
It's February which means it's officially everyone's favorite time of year: tax season! And while most of us will be putting bump off tracking down our W-2's until early April, several people have already managed to file their taxes. And among those archaean birds, more in the middle course have been shocked to find that rather of the nice little chunk of change they were expecting with their return, they really owe money to Uncle Sam.
What's the reason for this fiscal switcheroo? IT stems from President Trump's tax reform, which was passed in 2022 and was touted by Trump and the GOP as a win for the middle class. However, with the new tax system now in place, Americans are discovering that almost of the tax relief from the charge is really being experienced by corporations.
Meanwhile, many people are seeing an increment in taxes owed to the bill eliminating many an of the deductions that were used by heart-class families in order to lower the amount of taxes they were required to pay. Most notably, the tax reform placed a cap on deductions for taxes on some state and local levels.
Unsurprisingly, populate have non been elated to discover that what they expected to be a decrease in taxes paying is actually an gain. Those who had been supporters of Trump are specially infuriated, as umteen were under the assumption that he would provide financial relief for halfway-class families, something that he consistently promised during his Presidential campaign. Many have even taken their choler online, with #GOPTaxSCAMStories trending on Twitter as progressively members of the lower-middle-class express their feelings of betrayal towards Trump and Republicans.
I am a Republican voter. I just did our taxes.
The @GOP tax bill cost my family THOUSANDS of dollars this year on our counte due to changes, thereby hitting us with the LARGEST tax increase of our lives.
We are materialistic homeowners, and you raised our taxes.
Infuriating!
— Dennis Jordan (@DennisMJordan) Feb 5, 2019
Different users explained that they had voted for Trump and now were left over wondering if they had made the wrong decision.
@realDonaldTrump I sure and voted for you, now, screwed by you. I fall Sporting above a tax bracket, I don't contract the 5000 return I've gotten the last 3 eld. Money my family depends on to start us over. I served my country uprightly. I will not hold the same mistake twice.
— Matt Miles Dewey Davis Jr. (@MattDav72811123) January 30, 2019
Others presented just how much their taxes had shifted in just a year, highlight how much of a shock the gist of this bill has been.
2017 taxes = $5,408 refund …
Unchanged salary, unrevised withholding…
2018 taxes = $440 owed to the IRS.
I'm middle class, single with a $83,085 income.#GOPTaxSCAMStories https://t.co/afbjBv0eZa
— Michael K Richards (@_hesh_) February 4, 2019
And many an swore that they would no yearner beryllium supporting Ruff, as they mat up misled by the United States President.
@POTUS thank you for screwing the bourgeoisie with your tax reclaim. I let ne'er in my animation, I'm 49 years old, had to wage into the Internal Revenue Service until this yr. We have a occluded income of 150,000. The eye class voted for you. I will not make the unvaried mistake double.
— Book of Joel Serbin (@JoelSerbin) February 4, 2019
While Democrats May have been tempted to mock Republicans for acquiring tricked by Trump, many instead said they deserved sympathy, since they had been victims of "statistical handling."
Folks postulate to stop making fun of the intermediate class republicans who are but now finding out en masse that their taxes are going up. It's hard for people to discount unashamed lies when they are based on statistical manipilation. We need to be angry aboard them. This was nonfunctional.
— Kurt Eichenwald (@kurteichenwald) February 5, 2019
With Trump already struggling to maintain support among most groups other than the extremist-wealthy, could the implementation of his revenue enhancement reform actually backfire and cause him to further lose supporters from the middle class? Only time leave tell but supported early responses, that seems like a distinct possibility.
https://www.fatherly.com/news/middle-class-angry-trump-tax-hike/
Source: https://www.fatherly.com/news/middle-class-angry-trump-tax-hike/
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