Views on New Tax Laws of U.S.

Views on New Tax Laws of U.S.

75% of the United States’ tax payers used to get a refund about $2800 but not this year. The reason is the change in the tax laws by the President’s administration.

The new federal tax laws are getting shocking views with the first filing season after the law has made people frightened. It is frightening for people that used to get refunds of their taxes.

One example is of a couple out of Portland, Oregon. Andy Kraft and Amy Elias used to get money back from the government which amounted to hundreds of dollars but not this time around.

They now owe the government 10,160 this year under the new laws.

The pairs jaw dropped when they saw what they owe to the government and were surprised what will happen in the future.

The president had promised low tax rates which majority of the country will see. The new law had reduced the average tax amount by more than a thousand dollars which primarily helps the big earners.

The people are surprised and shocked by the current laws enforced.

Howard Gleckman who is a senior fellow at the Tax Policy Center was also bemused by the changings.

The couple turned many leaves but the amount they owed was correct.

Many people relied heavily on the refund value but they have to look somewhere else now.

The IRS have exported the stats of the taxation values which has decreased from the past.

The main reason of this problem arising is due to the people’s withholdings from paychecks to account for the law’s changes.

People that used to invest the refund values have to change their approach now.

Many people have criticized and taken shots of the tax laws. They say that people to change their financial planning regarding marriages, education and health to name a few. The people will not realize what has been implemented on them and it will take some time for them to adjust.

They also said that the reaction of this tax laws by the people is justified.

Staff writer for the Chicago Morning Star

Related Posts
Sergeant and driver rescues woman from burning car in Florida
The Martin County sergeant and a driver teamed up to rescue a 21-year-old Florida woman,
US officials say 11 troops were injured in last week’s missile attack of Iran
Initially, the US officials said that there were no causalities caused by the Iranian missile
US firefighters goes to Australia to tackle bushfire
The bushfire in Australia compelled hundreds of people to evacuate. The firefighters are looking for
Train hits officer in Georgia, body cam video released by police
The officer was on duty when he was hit by a train. The Georgia police
Trump says ‘American Justice’ delivered by killing Iran General
President Donald Trump used the killing of Iranian General Qassem Suleimani the theme of his
Study says rise in minimum wages could prevent suicides
New research has been published in the Journal of Epidemiology & Community Health. The research
Court convicts man who punched anti-Trump protestors
A man who punched an anti-Trump protestor outside a President Trump campaign rally has been
Iran does not want escalation or war with US: Javad Zarif
Javad Zarif, the foreign minister of Iran, said that Iran did not seek an escalation
Florida man loses 160 pounds in order to join army
A huge number of Americans are working on losing weight with new goals in 2020.
U.S. sends more than 100 firefighters to help Australia battle flames
For the first time since 2010, the federal government is sending U.S. firefighters — including