DEVELOPING: IRS eFile system is at least partially down as taxpayers scramble to file returns on Tax Day. Hill leaders notified this morning.
https://t.co/cKyCkfawEJ— Mike DeBonis (@mikedebonis) April 17, 2018
UPDATE: Treasury Secretary Steve Mnuchin says Americans who have been unable to pay their taxes Tuesday because the IRS payment website is down will receive an extension. https://t.co/yjLa6wSGlK pic.twitter.com/eaFiJFY0ZC
— The Boston Globe (@BostonGlobe) April 17, 2018
You can tell a country is sinking into kleptocracy / kakistocracy when basic bureaucratic systems break down under predictable stress, and everybody’s reaction is {shrug emoji}…
So many people are seeing the benefits of the Tax Cut Bill. Everyone is talking, really nice to see!
— Donald J. Trump (@realDonaldTrump) April 17, 2018
new NBC/WSJ Poll on tax-cut:
mostly positive effects: 39%
mostly negative effects: 53% https://t.co/pB0KAGYeLp— John Harwood (@JohnJHarwood) April 17, 2018
Couple interesting tax-related pieces:
From Governing, “Why Low-Tax States Could Come to Dislike the New Tax Law, Too”.
When Congress capped the state and local tax deduction at $10,000 as part of its tax overhaul late last year, it was mostly officials from high-tax states such as California, New Jersey and New York that cried foul. But new research shows that taxpayers in more than one-third of states — some with relatively low income taxes — could be negatively affected by the change.