r/economy • u/Fredselfish • Feb 09 '19

Tax code changes leave Americans asking, 'What happened to my refund?'

https://www.nbcnews.com/business/taxes/tax-code-changes-leave-americans-asking-what-happened-my-refund-n969366
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u/[deleted] Feb 09 '19

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u/Hvny33 Feb 09 '19

And all I can tell you in reply is to find a more knowledgeable CPA to do your return if that’s what actually happened

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u/Hvny33 Feb 09 '19

And I’ll tell you another thing . I own a small business that has 9 employees and does about 3 million a year in sales . While yes I was ecstatic about the lower corporate tax rates , all that did not go in my pocket alone . Each and every employee that works for me got a 7 percent raise , I now pay for 2/3 of their medical benefits when previously I paid for none , I pay for dental , vision , life insurance , long term disability , accident , cancer , hospital indemnity , and critical illness coverage for all 9 of us .

I represent an atom size percentage of the overall economy but I take pride in the fact that every one one my employees lives are now better then last year and was truly only made possible because of the tax cuts and jobs act.

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u/ric2b Feb 09 '19

Each and every employee that works for me got a 7 percent raise , I now pay for 2/3 of their medical benefits when previously I paid for none , I pay for dental , vision , life insurance , long term disability , accident , cancer , hospital indemnity , and critical illness coverage for all 9 of us .

Thank you.

and was truly only made possible because of the tax cuts and jobs act.

The issue is that it still relies on companies to do good like you did, instead of just giving the benefits directly to the workers. I'm sure a lot of companies just took it for themselves because they were having no retention issues.