Well well, Tax refunds aren't as hefty as expected, what happened???

[dmcowen674]

Well well, Tax refunds aren't as hefty as expected, what happened???

We'll hear the usual Fearless Liar NeoCon Loyalist's come up with all kinds of excuses:

4-15-2004 Tax refunds aren't as hefty as expected

As tax season draws to a close, many taxpayers are discovering that predictions of a refund windfall were overblown.

Through April 9, the average refund was up $102 to $2,090, an increase of about 5%.

Economists and tax analysts had earlier predicted the Bush administration's $350 billion tax-cut package would boost refunds by more than 25%.

Economists are puzzled by the smaller-than-expected refunds. "It's a bit of a mystery," says Goldman Sachs senior economist Jan Hatzius.

The economy. Many taxpayers were unemployed or worked fewer hours last year, resulting in lower incomes and smaller refunds, says Mark Ernst, chief executive officer of H&R Block, the USA's largest tax preparer.
-------------------------------------------------------------------------
You think???

 

[Wheezer]

Economists and tax analysts had earlier predicted the Bush administration's $350 billion tax-cut package would boost refunds by more than 25%.

I don't see anything about Bush making that statement do you?

 

[Dissipate]

Bush's tax cuts are a real hoot, aren't they?

 

[XZeroII]

Through April 9, the average refund was up $102 to $2,090, an increase of about 5%.

That is a real estimate there. These guys should become weathermen. They would never be wrong. "We predict that it will be between -50 and 150 degrees tomorrow with a chance for rain."

 

[heartsurgeon]

Well well, Tax refunds aren't as hefty as expected, what happened???

I'm getting a sh!tload back!!! Gee, that means i'll have enough to contribute the max to Bush and Nader!!

 

[EagleKeeper]

The tax cuts were also reflected in the rate adjustments. Your money may have been received during the complete tax year in small chunks within your paycheck.


Also some people are getting smart and getting their money during the year, instead of letting Uncle have it for free.

 

[Sternfan]

Sounds like more crap by the left, more people than ever before pay no federal tax, saw that on the news tonight. I am getting back 450 more bucks back and pay 30 bucks a week less. Thanks MR. Bush I will take any cut he gives me, under Clinton we paid more.

 

[SuperTool]

Originally posted by: Sternfan
Sounds like more crap by the left, more people than ever before pay no federal tax, saw that on the news tonight.

You must mean no federal INCOME tax. People still pay quite a bit of federal PAYROLL tax, which is the largest federal tax for low to mid income taxpayers.

 

[Sternfan]

correct supertool, my bad.

 

[Ozoned]

Originally posted by: dmcowen674
Well well, Tax refunds aren't as hefty as expected, what happened???

We'll hear the usual Fearless Liar NeoCon Loyalist's come up with all kinds of excuses:

4-15-2004 Tax refunds aren't as hefty as expected

As tax season draws to a close, many taxpayers are discovering that predictions of a refund windfall were overblown.

Through April 9, the average refund was up $102 to $2,090, an increase of about 5%.

Economists and tax analysts had earlier predicted the Bush administration's $350 billion tax-cut package would boost refunds by more than 25%.

Economists are puzzled by the smaller-than-expected refunds. "It's a bit of a mystery," says Goldman Sachs senior economist Jan Hatzius.

The economy. Many taxpayers were unemployed or worked fewer hours last year, resulting in lower incomes and smaller refunds, says Mark Ernst, chief executive officer of H&R Block, the USA's largest tax preparer.
-------------------------------------------------------------------------
You think???

I can understand your confusion, given yoursituation

 

[AEB]

there was still an increase , m any things can effect tax refunds. People choose not to take all the deductions they can, unexpected income, getting laid off and not paying taxes, i mean cmon a 5% increase is still good