Tax Refunds And Tax Cuts

CAL THOMAS COMMENTARY APRIL 16, 2019

         MANY PEOPLE ARE COMPLAINING THEY DIDN’T GET A TAX REFUND THIS YEAR. QUITE A FEW HAD TO PAY THE IRS BY YESTERDAY’S DEADLINE. I DID, BUT THAT’S NOT THE WAY TO LOOK AT IT.

         PRESIDENT TRUMP’S TAX CUTS ALLOWED MANY TO KEEP MORE OF THEIR MONEY. LOOK AT YOUR PAYCHECK AND COMPARE IT TO PREVIOUS YEARS. MOST HAVE MORE TO SAVE, INVEST AND SPEND. THE CUTS HELPED FUEL THE BOOMING ECONOMY. THE STOCK MARKET IS AT RECORD HIGHS, MEANING STRONG GROWTH IN IRA AND OTHER ACCOUNTS.

         WOULD YOU RATHER HAVE THE GOVERNMENT WITHHOLD MORE OF YOUR EARNINGS, PAYING NO INTEREST AND REFUNDING YOUR OWN MONEY, OR WOULD YOU PREFER TO DECIDE WHAT TO DO WITH THE MONEY YOU EARN? IT SHOULDN’T BE A DIFFICULT QUESTION TO ANSWER.

THE PRESIDENT DOUBLED THE STANDARD DEDUCTION AND IT WILL INCREASE EVERY YEAR THROUGH 2025. ENJOY MORE OF YOUR MONEY AND VOTE NEXT YEAR FOR THE POLITICIANS WHO MADE IT POSSIBLE. I’M CAL THOMAS.