Richard Rubin
speaker
1,496 appearances
29 recordings
1 series
first heard Oct 2017
last heard Jan 2024
Richard Rubin’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · IRS Suffered Significant Harm During Government Shutdown · 13 Feb 2019
podcast
It's always been true in the past 15, 20 years that if you have a relatively simple set of finances, wage income, no investments, not very high income, and you're not claiming big refundable tax credits that
Filing actually already was pretty straightforward.
The new rules that expand the standard deduction will make filing simpler for some people.
The repeal of the AMT for alternative minimum tax for a lot of people will make the system simpler.
That was you had to calculate your taxes twice.
There are definitely some moves towards simplification that have gone on in here, but we've also continued to use the tax code for all sorts of other kinds of policy to promote energy policy and health policy.
And those things aren't really changing.
And if you're trying to deal with any of that in your tax return, it's certainly still going to be some more complexity than a lot of people can necessarily handle themselves.
Yeah.
Look, the IRS has a plan to have about 57% of its workers show up during a second shutdown during the filing season.
They would still answer taxpayer calls and process refunds.
But you can just imagine that an understaffed IRS is going to be understaffed and
is going to be able to do less than it could do at full strength, even if full strength is not what the service and some of its advocates would like it to be anymore.
And so, yeah, I think certainly another shutdown if that happened in the middle of tax season would be a cause for concern for taxpayers and for IRS employees, too.
So your tax cut is what you paid in taxes
for tax year 2018 compared with what you would have paid under the old system.
The best proxy for that is really to go look at your 2017 return and look at your 2018 return and compare the two of them.
If nothing much has changed in your circumstances, that is if your income and family size and major deductions or major expenses haven't really changed,
Then you should be able to kind of lay those two against each other and see what tax cut you got or didn't.
The refund is a different thing.
Showing 1301–1320 of 1,496 · page 66 of 75
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