Right after passing the GOP’s tax scam bill Mitch McConnell predicted "So I think there's just tons of confusion out there as to what this does or doesn't do. A lot of people think it's going to raise their taxes. So the proof is in the pudding, and I think the results will speak for themselves." (link)
Well now the verdict is in.
TAX DAY 2019: MORE AMERICANS SAY THEIR TAX BILL WILL GO UP, RATHER THAN GO DOWN, NEW POLL INDICATES
A majority of Americans say their taxes would stay the same or increase as a result of President Donald Trump's Tax Cuts and Jobs Act, according to a new poll from NBC News and The Wall Street Journal.
The survey found that 28 percent of Americans said their taxes would increase, 27 percent said they would stay the same and 17 percent said their taxes would decrease because of the tax bill Trump signed into law in December 2017.
Yesterday I got my taxes done, and because of all the changes I switched from using software to having them done by a service offered by the AARP through my local senior center.
I was SHOCKED when I learned than I owed an additional $4,,280 after receiving a small refund last year. I am retired and started receiving Social Security in 2018 at age 64. I live in a low tax county, and my mortgage interest in 2018 was only $28 since I paid off my passive solar home that I built in 1993, so the state and local taxes (SALT) limitation meant to punish blue states was not a big factor.
I expected it to be bad, just nowhere near this bad.
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Meanwhile the US is plunging deeper into debt to fund tax cuts to huge corporations and the top 0.02 of earners. This is obscene.