A few things sting more than when the government takes half of your earnings in taxes.
But the IRS is about to make your life a lot worse.
And the IRS just issued one dire warning right in time for tax season.
No one can escape taxes
Most of us can probably remember back to the first time we brought home a paycheck.
We were eager to finally see the fruits of our hard labor.
But you were in shock when you opened up the paycheck and read the net pay line.
You didn’t realize that the government was going to commit a daytime robbery against you and your paycheck.
And the older you get, the more you come to realize that the IRS is going to be one of those things that just continuously screws you over.
If an average person on the street took your money like the IRS did, then it would be called theft or grand larceny.
But when the IRS takes your money, it’s called charity for the common good.
And to politicians, when you get a tax return, they consider it charity that they steal less of your money than you actually paid them.
We all know that refunds are our money stolen from us by the government.
But as long as the IRS exists, you can’t do anything about it since they will continue to tax you at will.
And just when you thought your taxes couldn’t get any worse, the IRS released devastating data that every American needs to pay attention to.
Tax Returns take a nosedive
According to data just released by the IRS, Americans are averaging $600 less on their 2023 returns than they did on their 2022 returns.
The data states that the average return through the beginning of February was $1,395 compared to $1,963 at the same time last year.
And if that isn’t bad enough, there has been a 67% decrease in tax returns this filing season compared to last year’s tax season.
Tax returns have taken a hit this year, feeling the impact of Bidenomics with $600 less than before. Not to mention a 67% drop in returns given by the IRS so far this year. #taxes #Biden #Bidenomics pic.twitter.com/ghVAFPGRih
— The Forester (@TheForester1776) February 17, 2024
This is not the news Americans need heading into tax season.
American families are struggling to put food on the table.
A couple of hundred dollars goes a long way for the average family to cover the bills, let alone $600.
In a LendingClub report that came out in December, the data shows that over 60 percent of Americans are living paycheck to paycheck.
A lot of families depend on their tax return as a source of income during this time of year through the summer.
This is just another way for families to struggle under Bidenomics.
Not only are they paying more in both inflation and taxes, but they can also expect less in a tax return that could make the difference between getting by or going broke.
The American people can’t take much more of this.
Patriot Political will keep you up-to-date on any developments to this ongoing story.
