The media was in such a frenzy when Trump was running, yet I haven’t heard about Biden’s. Have they even released and the media missed the memo? Maybe I missed the story. Does anybody have sauce on them?q
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I wonder if people realize that the perfect tax return ends in an amount of $0?? This would mean that during the past fiscal year, you have prepaid all of your taxes due and not over paid. Over paying creates a burden on the Federal Government by creating the expense of issuing a refund. However, overpayment fluffs the Federal coffers.. In all honesty, Trump's accountants should be praised for their estimating ability. A $750 tax bill for an income of his stature is quite impressive. I strive every year to attain a tax return of $0. I would rather pay $750 at the end of the year vs receiving a refund. All a refund means is that you have lent a portion of your hard earned money to the Feds interest free until your refund. That is not a good fudiciary practice. Ask yourself who you would rather have balance your checkbook?
One of my favorite parts of the last 4 years: literal retards ranting about how Trump slashed their tax refunds, not realizing that means they payed lower taxes. What a big meanie.
The tax cut expires this year.
I believe his tax bill of $750 was due to the credit he had from an overpayment the previous year.