Quote:
Originally Posted by directfiesta
The 350K all file tax returns ??????
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350 million. Not thousand.
Obviously, not every American files a tax return. A taxpayer can save from cuts or lose on increases for more than just themselves because of children and other dependents.
Roughly 40% on average owe no Federal income tax. That number flexes a bit with changing regulations, but, if the point is that lower income earners don't save on most tax cuts and need different assistance, that is also obvious. Whether or not cuts are a good idea, the point of cuts is to help the middle.
Also, obviously $133 billion, over a DECADE, is basically a rounding error of tiny proportions, when (a) there are so many unpredictable factors at play over that timeline and (b) the size of what it costs to run the United States government.
To put that number in perspective, more than $300 billion has been returned to taxpayers so far THIS YEAR ALONE for typical rounding error overpayments.
You can view IRS statistics on filing at
https://www.irs.gov/newsroom/2018-an...son-statistics