February 23, 2019
TAX COLLECTOR FOR THE ETHNOSTATE:
Average tax refund down 17 percent, IRS reports (BRIAN FALER and AARON LORENZO, 02/22/2019, Politico)
The average tax refund issued so far this year is down by 17 percent, the IRS said, a steep decline that promises more headaches for Republican lawmakers.The agency released data late Friday showing refunds are down for the third consecutive week, with the typical payment made through Feb. 15 totaling $2,703, compared to $3,256 during the same period last year.This filing season is the first under Republicans' overhaul of the tax code, and lawmakers have already been under fire as some taxpayers find their expected refunds smaller or gone altogether. The payments are sacrosanct to many Americans who rely on them to fill holes in their budgets.
Posted by Orrin Judd at February 23, 2019 9:23 AM
