Average Tax Refund Down 8%Posted By Greg Shaffer |
Originally Posted by Maurice ClarkHi Greg,
Perhaps you need to learn to do the maths. For example, my federal income tax dropped by $7 per month on an annual salary of around $60,000. But thanks to the elimination of work related expenses deduction and others, instead of getting a refund of around $600, I have a tax bill of around $1600!
So, in return for giving me an extra $84 a year in my pay packet, they take over $2,000! I am sure there are many others in the same boat.
Thanks a lot repubs!
Maurice
You already tried to claim "all work related expenses have been removed"
Yet all of these are still there as well as others.....
Line 8: Advertising
Line 9: Car and Truck expenses
Line 10: Commissions and fees
Line 11: Contract Labor
Line 12:
Line 12: Depletion . .
Line 13 Depreciation and section 179 expense deduction (not included in Part III)
Line 14: Employee benefit programs (other than on line 19)
Line 15: Insurance (other than health)
Line 16: Interest (see instructions)
a) Mortgage (paid to banks, etc.)
b) Other . . . . . .
Line 17: Legal and professional services
Line 18: Office expense (see instructions)
Line 19: Pension and profit-sharing plans .
Line 20: Rent or lease (see instructions)
a) Vehicles, machinery, and equipment
b) Other business property . . .
Line 21: Repairs and maintenance . . .
Line 22: Supplies (not included in Part III)
Line 23: Taxes and licenses . . . . .
Line 24: Travel and meals:
a Travel . . . . . . . . .
b Deductible meals (see instructions) . . . . . . .
Line 25: Utilities . . . . . . . .
Line 26: Wages (less employment credits)
Line 27: Other expenses (from line 48)
So how does that equate to ALL? Something doesnt ring true my friend