Originally posted by Vlad_
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Originally posted by Don Pichardo View PostYou are correct in theory.
However tens of millions get refunds every year. So it’s not so simple.
I suspects it’s another scam. Government collects billions a year. Earns interest on those billions every year and just refunds it at the end of the year without paying us any of their profits.
Tax rate definitely dropped
But with all the tax credits and write offs added and removed, we can't even tell anymore
Our tax rates use to be way higher 1940s,1950s, etc
But more credits and write offs too
So our taxes have been pretty much the same as then even with lower tax rates now
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Originally posted by Left Hook Tua View PostThe problem is too many damn tax credits and tax write offs
Tax rate definitely dropped
But with all the tax credits and write offs added and removed, we can't even tell anymore
Our tax rates use to be way higher 1940s,1950s, etc
But more credits and write offs too
So our taxes have been pretty much the same as then even with lower tax rates now
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