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The option for taxpayers does not change the amount of their individual tax or refund. Instead, the funds are designated to go to the Presidential Election Campaign Fund instead of the regular pool of the US Treasury. Accordingly, the amount of the money in the fund is determined by how many taxpayers check the box. [3]
The documents contradict many of Trump's public claims to have a flourishing and prosperous business empire, [51] showing that as a result of reporting losses in many years and receiving a $72.9 million tax refund, Trump paid no net federal income taxes in 11 of 18 years of the past two decades. After the refund, Trump had an average tax bill ...
You might also see a smaller refund at tax time. Prior to the TCJA, the U.S. had seven federal income tax brackets ranging from 10% to 39.6%. The TCJA lowered the rate for the top bracket to 37%.
[81] [82] In the 2018 Kansas gubernatorial election, the Republican candidate, conservative Kris Kobach, promised to "try to roll back the tax hikes" of the 2017 legislative session, and urged a return to "a more low-tax structure like we had from 2013 to 2016" during the Brownback administration. He told voters that "Kansas doesn't have a ...
The average deduction-itemizing tax filer in the county reported state and local taxes of $14,083, according to the Tax Foundation — about $4,000 above the Trump-enacted cap on deductions.
“I won the election,” he continued, “but then when they said we lost…” Trump’s initial response seems to contradict everything he’s said publicly since Biden won the White House by ...
An affiliate of the liberal group Emerge America had its request for tax-exempt status denied, leading to a review (and the eventual revocation) of the larger Emerge America organization's tax-exempt status. [44] The conservative National Review states that a November 2010 version of the IRS's BOLO list indicates that liberal and conservative ...
Libertarian candidate Gary Johnson won 3% of the national vote in the 2016 presidential election. While we'll never know if Donald Trump would have lost if it had been a two-person race, an exit ...