Friday, January 4, 2019

Extended government shutdown would likely delay billions of dollars in income-tax refunds

Mod: That's OK, you'd do almost anything for that wall, right? Besides, chances are you didn't really get any real tax cut despite what you've heard, so why would you worry?

Extended government shutdown would likely delay billions of dollars in income-tax refunds (The Hill link): Billions of dollars in income-tax refunds will likely be delayed if the federal government shutdown continues much longer, according to The Wall Street Journal. The Internal Revenue Service (IRS) is one the several federal agencies affected by the ongoing partial government shutdown.

Though the IRS is still able to carry out many operations during the shutdown – including conducting criminal investigations, protecting government property and processing returns that arrive with payments – the federal agency is unable to pay out.

If the shutdown, which began on Dec. 22, is resolved within several weeks, it will reportedly have little impact on taxpayers expecting refunds.

But should the shutdown stretch further into mid-to-late January, which is typically when the individual income-tax filing season begins, those who generally file early for their taxes can expect their refunds to be delayed, according to the Journal.

The IRS reportedly paid $12.6 billion in refunds to over six million households by Feb. 2, 2018, $101.2 billion to roughly 32 million households by Feb. 16, and $212 billion to 73 million households by March 30.

Those who usually file early for tax refunds tend to rely on the payback to pay off debt and catch up on bills, according to the publication.

However, Floyd Williams, a former IRS director of legislative affairs, told the Journal that wealthier filers “generally have more sophisticated returns and file later so they should not be affected as much” by a prolonged shutdown.

The shutdown, now in its 13th day, was spurred largely by the President Trump’s demand for $5 billion for his long-desired U.S.–Mexico border wall.

Democrats have indicated they will not give in to the president's demands, instead offering $1.3 billion for border security.

sierramadretattler.blogspot.com

45 comments:

  1. Come one come all, now that the 'prez djt' has publicly announced long before HE SHUT down the govt all by himself has now put on his reverse course shoes along with his never said that mouth.

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  2. Of course our president and friends would not care they do not pay any.

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    Replies
    1. maybe the Trump family can bail out the gov't and pay until the shutdown is over. I'm sure he has plenty of $$ hidden away in many accounts that no one knows about yet. Well, maybe Mueller, but that aint out yet.

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    2. He's have to ask Putin and his pals for another loan.

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    3. Stop accusing Trump of having Russian ties.

      He obviously manufactures them in China.

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    4. Yeah and they sneak across the Mexico border to deliver the documents to be signed, right?

      Delete
  3. Petition calls to rename street in front of Trump Tower after Obama

    Thousands of people have signed a petition in New York City to rename the block in front of Trump Tower after former President Obama.

    A Move On petition started by Elizabeth Rowin is calling for the stretch of Fifth Avenue between 56th and 57th Streets to be renamed "President Barack H. Obama Avenue."

    The petition would require President Trump to formally change the address of his Trump Tower building, where his 2020 reelection campaign will be headquartered on the 15th floor.

    The measure had nearly 4,300 signatures as of Friday morning.

    https://thehill.com/blogs/blog-briefing-room/news/423822-petition-calls-to-rename-street-in-front-of-trump-tower-after

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  4. Oh NO! Not the FACTS. Two Trillion dollars in additional debt since he took office, including additional debt of One Trillion, Three hundred and eight billion, in 2018 alone. WOW! That new tax cut bill!

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    Replies
    1. You wanna talk FACTS? Count how many golf days Trump has had (sorry not so much over his "lonely" holidays this year, but before, and soon, he'll make up for lost golf time, I'm sure), vs. other presidents.

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    2. Donald had a blue Christmas. Even his kids refused to visit.

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    3. Did his kids go big game hunting again in Africa, kill some big animals to make them feel like big strong boys?

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    4. I think they just stayed away because Daddy Don is a miserable SOB.

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    5. Staying away from him will make easier for them to testify against him.

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  5. GOP strategist: Trump "Hoovering Up Rails of Adderall and Rage Tweeting"

    Republican strategist Rick Wilson appeared on CNN and said President Donald Trump “spends his morning ‘executive time’ hoovering up rails of Adderall and rage tweeting.”

    Wilson’s comments come on Day 13 of a partial government shutdown which was kicked off after the president opted not to sign a stopgap funding bill which would have averted a shutdown because he disagreed with Congress over funding for his proposed border wall on our nation’s southern border.

    “No matter how many times Donald Trump tweets, no matter how much he spends his morning ‘executive time’ hoovering up rails of Adderall and rage tweeting, it’s not going to change where [Nancy] Pelosi is,” he said. “So as long as she holds the line, this thing is gonna go on until Trump feels the pain level rise.”

    “Shutdowns never work out politically for anybody,” he added. “As much as Republicans think the rules have changed, there are 800,000 people without a paycheck right now. And they’re not just in D.C., but across the country.”

    https://hillreporter.com/gop-strategist-says-trump-spends-his-mornings-hoovering-up-rails-of-adderall-and-rage-tweeting-20057

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  6. We would rather have a delay in our TAX returns than pay one more GD dollar to he Obama Health Care penalty!

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    Replies
    1. The penalty no longer exists. Have some toast.

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    2. More proof that the wall stars with the brick in your head.

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    3. The penalty, which no longer exists, was designed to reduce insurance rates for everyone and also save all taxpayers money by getting deadbeats to buy health insurance rather than using expensive taxpayer subsidized emergency rooms for basic healthcare.

      Unless you're disabled and can't work, why not get a job and purchase health insurance? Then you wouldn't have paid any penalty when it actually existed. Or are you a deadbeat who prefers using tax payer subsidized emergency rooms for your healthcare?

      I suspect none or the above apply and that you're just a lying troll acolyte of the Lying King who knows nothing about the issue.

      Delete
  7. Q) What is the difference between Donald Trump and a flying pig?

    A) The letter F.

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  8. Pink Floyd: Teacher we don't need no education, we dont need no thought control

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  9. You Tube. Chris P. Bacon-Newscaster looses control laughs at name of pig.

    ReplyDelete
  10. SUPERMAN: President Trump a man of steel.
    Great Q&A in the Rose Garden today.
    MAGA MAGA. MAGA. MAGA. MAGA. MAGA.

    ReplyDelete
    Replies
    1. I don’t remember Superman having such a lard ass.

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    2. Superman fought for justice and the American way. Trump works for Putin.

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    3. Superman didn't play golf.

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    4. Or grab pussies.

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    5. He's the fungus among us.

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    6. Many Are Getting Arrested.

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  11. Job Market looking really good, the DOW is on the upswing.

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    Replies
    1. Stock market was down 600 yesterday. The extreme gyrations we have been seeing are similar to what happened in 1929.

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    2. The Obama Care penalized fee are coming off in 2019.

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    3. You goon have your upsidedown glasses on today.

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    4. 2:11 Uh, it is 2019.

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    5. Still looking for a job, 12:16?

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  12. Democrats should give President Trump the $5 Billion needed for the border wall. That way the Government can be re opened. The Democrats are playing a political game for 2020. In 2013, Every Single Democrat, All 54 Dems voted for $46 Billion for border security which included 700 Miles of border fencing. But now the Dems are willing to shut down the government because they wont give $5 Billion to Trump for the Wall.. Dems are hypocrites and dont care about the border. Dems are playing games and only hurting the American People.

    ReplyDelete
    Replies
    1. What's $5 billion to a president that has already given us $2 trillion in new debt?

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    2. Nice try. Trump said Mexico would pay. He’s supposed to be a great negotiator

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  13. We the American people want the Wall and Border Security that will keep all Americans Safe! MAGA.

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    Replies
    1. Safe from what?

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    2. The wall is a waste
      Better alternatives

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    3. Don't be 'fraid 7:16. Mommy will check under your bed.

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  14. Awww. Mr. President needs a belly rub.

    ReplyDelete

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