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Tax Day

That is May 17, as they extended it a month this year. Last year, it was extended to July 15.

I went to see my tax accountant last Thursday, and I learned a few things which I should have known. I had never gotten the $1200 stimulus check last April or so. I had written and called about it, even contacted my Congressman’s office; was sent forms, sent them in, got more forms, but no check. But I learned that can get a credit for it as against taxes owed, on my tax form.

I asked the accountant if she had other clients who never got their checks; and she said, “Oh, yes, they (the government) totally screwed up everything.” What a surprise. Could it be that they simply did not bother to send out some of the checks, figuring, more money for them, if people didn’t complain or had no taxes owed to defray? It would go with the rest of how they ran things.

Also, there are now apparently almost no itemized deductions for people who are not wealthy and/or corporations. I usually got small deductions for auto registration fees, charitable contributions, and the tax preparer’s fee. She said that now all one can take is the standard deduction on those things, because they are under the limit. So the only deduction I can take are medical related costs such as insurance. As you probably all know, you now can’t deduct last year’s state income taxes, which you could always do a few years ago, and which might actually have been the biggest deduction for non-wealthy people.

This is what Trump and the people who wrote the 2017 tax bill did. Do you remember when lobbyists were running in and literally adding parts to the bill just before the vote? That was a rich person’s festival, as virtually any possible deduction which they might be able to claim, was given to them, while the deductions for everyone else were virtually eliminated.

Most people did not realize that, but they will now. Apparently taxes went up slightly for poor people this year. Meanwhile, the immensely wealthy are deducting airplanes, vacations, virtually every meal they can claim as a corporate expense. Matt Gaetz was probably deducting the money he paid to “escorts.” They have made a joke out of the tax codes, stealing and grifting everywhere they can, counting on their “base” to be distracted by all the cultural issues they make up. It’s an effective con for them, and their voters never figure it out, or blame it on the other side.

I’m not complaining about my own taxes, everyone has the same legitimate complaint. The tax codes have been altered to give immense breaks to the rich, nothing to anyone else. Let these people get back in charge, and it will look like the Middle Ages, with people taking whatever silverware they have, and laying it in a pile for the king.

In other brief news, Bob Baffert, the self-proclaimed victim of cancel culture, was not at the Preakness Stakes. Neither of the two horses he trained won the race, including Medina Spirit. The results of the second drug test will be in within a week or two, and then it will be determined if the completely innocent horse is disqualified from the Kentucky Derby win, and whether Baffert is “canceled,” for breaking the rules on the amount of a particular drug that is allowed. Medina Spirit should sue him for damage to reputation!

2 Responses

  1. I am surprised you are just now experiencing this. We got killed the first year Trump’s tax reform went into effect. I think that was 2019. We lost all our deductions. Biden did an amendment that now allows people in blue states to take their full real estate taxes off their federal taxes but I think all deductions would have to be over 12K for each individual filing. My husband and I have nowhere near 24K in deductions and what they did make everything for the middle class into an EZ type filing where you pay more. And yes, the wealthy will have enough to deduct.

    • I knew the essence of it, but somehow I did not notice some of it, probably because the accountant carefully wrote down the deductions i listed for her, but I likely did not look at the return carefully enough to see that she had only given me the standard deduction. This year she told me that i couldn’t itemize those other deductions.The loss of the state income tax deduction was certainly noticeable right at the outset, which as you say,was probably 2019.

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