Financial Focus: Post-Tax Season 2018, Winners & Losers
So who was the big winner of tax reform? The lower class taxpayer? The middle class? The wealthy? Small businesses? Big businesses? Grandparents? Children? Well, some yes and some no were some winners but the big, big, big winner is the same as it’s been for the last 20 years: Big banks and big tax preparation service firms. How? Well, by taking advantage of the biggest losers: low-income taxpayers. Sadly, most taxpayers use their tax refund as a forced (yes, a twisted view) savings account. Therefore, these taxpayers need their income quickly, especially low-income workers. And big tax preparation companies
