re: Tax refund surge is coming, JPMorgan strategist says, will shift US economy like stimulus

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Yep always tried to work it out where I owed them a few dollars a year. People that think getting a huge refund is helping them is sad.

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Considering the average person has zero self control and therefore zero savings, it is helping them. We can rue the fact that the average person needs that help, but that’s tangential.

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You shouldn’t celebrate getting more of your money back. You should celebrate when less of your money is taken from you to begin with.

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Is it ok to celebrate the fact that this extra refund wouldn't have happened at all under the whore in heels?

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$5 dollars a week will not buy you a TV, but $500 in one shot will, maybe when you get a small amount you will spend it better.

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The extra $5 will get wasted on bullshite like Starbucks or DoorDash.

I don't see the $500 either way as meaningful.

It's not material enough to matter imo.

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I don’t believe any of the prior “stimulus” had any effect on the economy whatsoever

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Injecting trillions of dollars in cash into the economy led directly to the inflation of 2022.

Whats it to you? Its their money

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Why didn’t they adjust withholding in 2025 when this passed?

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You can adjust your withholding whenever you want. It’s not up to the government or your employer to do so.

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In other words, many taxpayers will pay more upfront and get a bigger refund in 2026. Kelly estimates that the average refund could be roughly $3,743 — that’s up from the average refund of $3,186 for the previous tax year, according to the IRS.

An extra $557 in tax refunds sounds like good news, but Kelly warns that this wave of repayments is not spread equally and could have unintended consequences for the broader economy

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Does this mean you have to pay in taxes to get the additional refund? Is that what they mean by not equally spread out?

This reminds me of the story about the group of friends that used to go to the bar. 1 guy paid half the tab, 2 paid 15%, 2 paid 10% and the other five paid nothing. The owner came by and gave them a 10% discount and the ones that paid nothing were upset they didn’t get any of the 10%

$3000 refunds?

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but honestly, this sounds like just some more partisan bullshite. I don’t believe any of the prior “stimulus” had any effect on the economy whatsoever…

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The concern that poor people will suddenly have more money and drive the prices up of things they previously couldn’t afford is probably a misplaced concern with these tax breaks. The democratization of luxury we saw after Covid was different.
These tax breaks seem to be very strategic and won’t impact everyone equally.
There seems to be a desire to reward people for having children, but those reforms seem tempered at best.
The biggest breaks seem to be for retired folks and business owners. As a business owner and a commercial property owner I’m seeing huge breaks in the amount of distributions I can take from the businesses.
The 1031 rules seem to remain unchanged but capital gains taxes seem to have eased.