WFB: Sen. Kamala Harris (D., Calif.) earned “Four Pinocchios” from the Washington Post Wednesday for a claim it described as “nonsensical and misleading.”
Harris took a shot at President Donald Trump’s tax reform Monday, claiming it was hurting the average American and the middle class.
“The average tax refund is down about $170 compared to last year,” she wrote. “Let’s call the President’s tax cut what it is: a middle-class tax hike to line the pockets of already wealthy corporations and the 1%.”
The tweet described the decrease in the “average tax refund” as bad for Americans. Harris based her claim on one week of early filing data from the Internal Revenue Service.
The refund is the amount the IRS determines it withheld from a taxpayer’s income in excess of the amount the taxpayer owed. That money gets returned at the end of the year. In effect, the government only returns at the end of the year income to which it was not entitled. That is money individuals could have used to make investments or pay off loans.
“Ideally, you should end up with no refund or tax due,” the Post‘s fact-checker Glenn Kessler wrote.
In addition, a year-over-year change in refunds is an inefficient indicator of how the tax system has changed.
The way in which the IRS withholds revenue also changed, so it reflects income and effective tax rates differently than did reports before the president’s reforms. Kessler wrote:
The tax law required the IRS to change tax withholding tables. The IRS encouraged Americans to review and update their W-4 forms to make sure the right amount was being withheld from their paychecks but a survey by H&R Block indicated that 80 percent of Americans failed to do so.
In other words, if you left everything just the same, you can’t expect the same result. The new tax law raised the standard deduction but also eliminated personal and dependent tax exemptions. While the law reduced tax rates, it also capped a deduction for state, local and real estate taxes, which could really mess up a person’s tax situation, especially if they live in a state with high taxes such as California, New York and New Jersey.
It boggles the mind that someone this Stoopid, economically and otherwise, is running for the office of President. And possibly, because of the combination of pigmentation and her posture to pee, she might be elected Leader of the Free (so far) World.
i made a comment similar to this yesterday. The womans never run a payroll, so she don’t get it. Lower taxes, lower tax returns. Da. There’s this thing, called a W4. What a stupid bitch.
You guys are correct but fail to see the big picture.
Kamala is on a fast track to the nomination.
It doesn’t matter that she is dumb as a box of rocks and phony as a cubic zirconium.
Identity politics 101 says that a POC woman HAS to be the democrat nominee.
I will say she disgusts me less than the others on a photogenic level.
Klobuchar makes me shudder every time I look at her. Man face…check…man hands…check…Chrissy Hind haircut…check…Uuuughhh. 🙁
Liz Warren is an old school marm.
Hillary? Fuck me dead! 🙁
Nancy called Trump’s refund crumbs when the Dems averaged a $40 refund.
The Post‘s fact-checker HAHAHAHAHA.
Yea there is one of those.
And she F’ed him
My idea tax bill is zero, but I never make that. I always end up paying a few thousand dollars when I file on the 15th. That suits me fine, better than the gov having that money the last couple quarters
The problem is half this country can’t give change for a purchase with a $100 bill and they rely on a huge tax refund and are probably too clueless to get they paid less all year in withholding hence the lower refund but they got more back. This dumb story is circulating everywhere even on financial news sites. Not just fake news it is purposely misleading and providing incomplete information.
Income taxes are immoral.
Anyone who supports income taxes is immoral.
PERIOD.
Harris is another lying hypocrite. Another millionaire pretending to be one of the “people” in order to fleece them out of their savings.
“If you can’t take their money and screw em, you’re in the wrong business.”
(her … uhh … mentor)
izlamo delenda est …
You paid less to begin with, you get less of a refund if you overpaid.
Kinda like giving a $50 bill instead of a Benjamin to your coke dealer, Kammie.