Tax Returns

We are getting a massive return on our taxes this year. It’s twice as large than what we usually get. There are two reasons, and both have to do with the Trump tax bill.

The biggest reason is that the new tax legislation finally encourages people like us to procreate. We never qualified for any child credits because we make too much. And the state always does all it can to prevent people like us from having kids. But thanks to this tax bill, we finally do get child credit.

The smaller reason is that it’s less burdensome to make extra cash with our writing gigs that we do on the side.

Of course, once Bernie or Elizabeth Warren get elected, it’s good-bye to all that and hello to shelling out enormous amounts in taxes so that others can procreate more.

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13 thoughts on “Tax Returns”

    1. Yes, we file jointly. The itemization has been taken away. But the child credit covers that times over. I keep thinking, if we had 4 kids, imagine that return. But we don’t precisely because we waited with childbirth until we could afford it. The result is that we are eternally on the hook for those who weren’t as responsible.

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    1. “Your refund is the money you get returned to you because of overpayment.”

      If you get a refund, the government has screwed you: It’s been earning interest on your money, because that loot has been in Uncle Sam’s hands, and not in your bank or other accounts. (You may not have a choice because of payroll withholding.)

      I plan my taxes so that I owe a ton of money every year, and I don’t put my tax returns with the big check in the mail until April 15th, the last day required by federal law.

      (And I mail it at the post office at the local Air Force base, which never has a long waiting line, even on tax day or Christmas season.)

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      1. If you get a refund, the government has screwed you: It’s been earning interest on your money, because that loot has been in Uncle Sam’s hands, and not in your bank or other accounts. (You may not have a choice because of payroll withholding.)

        You always have a choice here. Just file an updated W-4 form with your employer to adjust the amount withheld. I prefer getting a refund; it is an easy way to make sure I have enough on hand to pay my city and county property taxes.

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          1. Every dollar that you get back in a refund has paid interest to the government that could have gone into your bank account. The bigger the refund, the more money you’ve lost over the year.

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