Average tax refund down 17 percent, IRS reports

[LV426]

Find these magical quotes of mine. I never made any comments about increases of refunds. I never would.

The Treasury Secretary that you support said exactly that.

 

[canceled.2021.1]

Apparently LV likes giving interest free loans to the gobblement. He thinks he is getting one over on the gobblement if he gets a big refund.

Yeah Sparky you really screwed them
over

I just did my taxes. I got a BIG tax cut in 2018. I am thrilled.

 

[LV426]

I think it is a crime that people get refunds regardless the tax rate

This is a position you've only come to in the last week or so, when the magic of your tax policy didn't deliver on the promises you all made of it.

 

[Granule]

We just cut taxes last year because you all said doing so wouldn't affect refunds, would raise wages, would grow the market, and would increase revenues.

None of those things happened.

Easy, diapers. We're doing just fine.

https://www.heritage.org/markets-and-finance/heritage-explains/the-trump-economy

 

[LV426]

As I said it is intellectually dishonest to make an argument about tax policy based on refunds.

The Treasury Secretary you support said there wouldn't be any change to refunds.

 

[LV426]

Knowing ones refund dos not give you a sense of their tax liability

It does when you raised the liability by removing deductions and exemptions.

 

[LV426]

Apparently LV likes giving interest free loans to the gobblement. He thinks he is getting one over on the gobblement if he gets a big refund.

So this is a brand new Conservative talking point in defense of their failed tax cut, and it's only rearing its head now that the past promises made of the tax cut didn't come to fruition.

There weren't wage increases.

Outsourcing and offshoring didn't stop.

It didn't pay for itself.

It didn't grow the market.

It did result in record stock buybacks, which is something Conservatives promised wouldn't happen.

So you've jettisoned all your past defenses for this new excuse.

 

[LV426]

Easy, diapers. We're doing just fine

No we're not.

The economy is teetering on the edge of recession.

Once it does, the great Conservative re-branding will commence.

That's when every single Conservative will fire up their old Bush-Off Machine and slap a new "Trump-Off" label.

But it won't work this time.

Trump is Conservatism and Conservatism is Trump.

 

[Truth Detector]

It is when you raised the tax liability by removing exemptions and deductions.

We just cut taxes last year because you all said doing so wouldn't affect refunds,

Another good reason why you cannot argue with an idiot. First he says we raised taxes, then claims we cut taxes.

 

[LV426]

Easy, diapers. We're doing just fine.

https://www.heritage.org/markets-and-finance/heritage-explains/the-trump-economy

Revenue for 2018 was 2% less than 2017.

So this central premise: "If people are shopping for things, you get more sales tax revenues" is false.

Your shitty Russia Tax Cut didn't increase revenues. It decreased them by 2% from the previous year.

You can do math, right?

 

[Truth Detector]

Yelling at people that it is their own fault for getting a lower tax refund is not a winning political argument.

Arguing that people do not pay enough taxes is not a winning political argument.

My political argument is that the Trump trickle down tax cut scheme did not do anything it promised to accomplish,

How can anyone rationally make such moronic claims.

and now working class people - those who particularly rely on big refunds - are getting smaller refunds, or even owing money, thanks to Trump.

This is an outright lie. What is it with the irrational loony liberal left and their propensity to fabricate lies and strawmen? That was rhetorical.

 

[Truth Detector]

It is when you raised the tax liability by removing exemptions and deductions.




What have I misrepresented, and how did I misrepresent it?

Also, Conservatives promised the Russia Tax Cut would raise wages by $4K-$9K.

They promised it would grow the market.

They promised it would increase revenues.

They promised it would stop outsourcing and offshoring.

They promised it wouldn't result in record stock buybacks.

Every promise they made has been wrong.

You won't be able to back this up with any facts. Poor confused, low IQ loser on steroids.

 

[Truth Detector]

The fact is most people did nothing about their deductions. They have been the same for many years. However, they got a certain amount back, year after year. They expected that and counted on it. This year, with the difference being Trumps tax cut for the wealthy, they found they were getting substantially less than they had in the past. It alarmed them and pissed them off. That is how it should be.

It isn't about what they had withheld you willful idiot, but how much more income they had to spend during the year. I do wish liberals had brains and were honest; but then, they wouldn't be liberals.

 

[Truth Detector]

Sure we do. We know in what's already been filed with the IRS. That's what the OP is about.

LINK liar!

Nope. Not at all. It's only going to get worse from here.

Your predictions have never been correct or factual. I am comforted by that.

You all promised magical wage increases of $4K-$9K.

LINK liar!!

We've had a year of your Russia Tax Cut and none of the promises you made of it have come to pass.

You're the ones who said there wouldn't be any change to refunds.

You're the ones who said wages would grow by $4K-$9K.

You're the ones who said it would pay for itself.

You're the ones who said it would stop outsourcing and offshoring.

You're the ones who said it wouldn't result in record stock buybacks.

Seems like you're the dishonest one here.

LINK liar!!!

 

[Callinectes]

Average tax refund down 17 percent, IRS reports
...
Last year, Treasury Secretary Steven Mnuchin predicted “there won’t be a change” in the share of people receiving refunds.
...
Unveiling new withholding tables last year, to account for the new law, Mnuchin called accusations by Democrats that the administration would drive down refunds “ridiculous.”
https://www.politico.com/story/2019...CXzpSxcZXbPNvIdksR-_vLj6TEHCigeFqFU-UVSrnP_II

Revenues are also down 2% from 2017.

So the Russia Tax Cut didn't deliver on its promises.

WTF doc, are you just copying and pasting shit from your last moronic tax thread?

 

[LV426]

WTF doc, are you just copying and pasting shit from your last moronic tax thread?

Nothing you or any of your fellow morons promised about the Russia Tax Cut have come to pass.

Your fundamental beliefs are bullshit, and you know it.

 

[Callinectes]

Nothing you or any of your fellow morons promised about the Russia Tax Cut have come to pass.

Your fundamental beliefs are bullshit, and you know it.

Sorry, my paycheck keeps proving you wrong. And I assume you think my fundamental beliefs are bullshit because the fundamental beliefs of the beings from your planet are so different. Have some cultural sensitivity you racist!! Enjoy your(17% less)imbecilic refund this year!

 

[Getin the ring]

That is actually good news. You being a financial illiterate won’t understand why

I honestly don't think he does

 

[LV426]

Sorry, my paycheck keeps proving you wrong.

What paycheck?

And I assume you think my fundamental beliefs are bullshit because the fundamental beliefs of the beings from your planet are so different

No, I'm talking about your fundamental belief that cutting taxes results in increased economic activity that increases revenues. That didn't happen last year; revenues were down by 2%.

Have some cultural sensitivity you racist!! Enjoy your(17% less)imbecilic refund this year!

Conservatives promised in December 2017 that refunds wouldn't change. In fact, the Treasury Secretary you support said that very thing.

Another broken promise.

 

[LV426]

Conservatives promised their tax cut would:

Increase wages by $4K-$9K.
Stop outsourcing and offshoring
Pay for itself in increased revenues
Grow the market
Not result in stock buybacks
Not change refunds

None of what they promised came to pass.