Democrats' anti-Trump tax cut talking point just collapsed — tax refunds are up this year

Discussion in 'Politics' started by wildchild, Mar 4, 2019.

  1. wildchild

    wildchild

    https://www.yahoo.com/news/democrats-apos-anti-trump-tax-163929322.html

    The IRS has released new data about tax filing season that has put weeks of overhyped media stories to rest: Compared to last year, refunds are now up 1.3 percent on average. Many politicians were quick to jump to conclusions about how tax refund data had proven that the recent tax cut law was a bad idea, but it's turning out that the Tax Cuts and Jobs Act has been on the whole a windfall for taxpayers up and down the income ladder.

    It would be really interesting to find out how many times exGOPer has been wrong over the last two years.
     
  2. RRY16

    RRY16

    It’s that time of year again Wildchild, be a good boy and endorse your refund check to PayDay Loan Corp.
     
    Tony Stark likes this.
  3. wildchild

    wildchild

    Yawn...

    and you claim to be a deadhead. What a true disappointment you are!
     
  4. LacesOut

    LacesOut

    Simple. There is a running count in his masthead
    79AD564C-FC63-4C6C-9B77-DA3B057F67FC.jpeg
     
    elderado and traderob like this.
  5. kingjelly

    kingjelly

    How much are corporate taxes down YoY?
     
  6. UsualName

    UsualName

    For a bunch of guys on a trading forum you keep showing your ass on this tax bill.

    CPI was up 1.6%, 1.3% doesn’t even keep up with inflation. With that control it’s still negative.

    The effective rate, without the increase in the child tax credit and earned income tax credit (which are welfare programs administered through the tax code), is actually higher for the average tax payer.

    I know this stuff isn’t easy to understand but if you think showing average returns up 1.3% is somehow a victory for this scam of a tax bill, without controlling for inflation and welfare after a tax bill that added $300 billion to the deficit yoy, then you’re a bunch of suckers.
     
    Tony Stark likes this.
  7. gwb-trading

    gwb-trading

    You better go to the IRS statistics page linked in the article. There is no release from the IRS that the refunds are up in monetary amount by 1.3%. This entire USA Today opinion article is bullshiat.
     
  8. wildchild

    wildchild

    Average refund $3,103 $3,143 +1.3
     
  9. wildchild

    wildchild

    Actually you ought to get a clue to begin with. It was idiot democrats who think a tax refund and a tax bill are the same thing.

    Nobody claimed it was a victory. It was simply to demostrate a Democrat LIE.

    People like me are not looking for a tax refund, because a refund simply means you gave the government an interest free loan.

    UsualName = Bonehead
     
    UsualName likes this.
  10. UsualName

    UsualName

    Lol. This guy thinks the tax bill doesn’t impact tax refunds.

    Regardless, I came here to share the treasury is reporting the deficit is up 77% from a year ago.

    But refunds are up $40 so enjoy your crumbs.
     
    #10     Mar 6, 2019