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Thread: Average Tax Refunds Down 8.4 Percent As Angry Taxpayers Vent On Twitter

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    Quote Originally Posted by LV426 View Post
    So this wasn't a net benefit as you sold it. Instead, you increased the tax liabilities while making false promises that wages would grow.

    If your argument is "you're too dumb to appreciate that we raised your tax burden", then you've lost the argument.
    Wrong again.
    A single person making $39,000 in taxable income in 2017 saw a*rate*of 25%. In*2018, that drops to 22%.Jan 23, 2019

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    Quote Originally Posted by Grumpy View Post
    A single person making $39,000 in taxable income in 2017 saw a*rate*of 25%. In*2018, that drops to 22%.Jan 23, 2019
    So what?

    You can lower the rate and still increase liability...you do that very simply by capping deductions and eliminating exemptions, which your Russia Tax Cut did.
    Quote Originally Posted by cawacko View Post
    I'm no economics expert. In fact I'm pretty dumb on the topic.

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    Oh, dear...the groan obsession continues...

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    Quote Originally Posted by LV426 View Post
    Most blue states are maker states and most red states are taker states.
    Translation= Most blue states are tax and spend, while most red states aren't.

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    Thanks to the shutdown, we won't know the amount of receipts the Treasury took in December 2018, but for January-November, 2018 revenues are $50B below what they were in 2017.

    For it to pull even, Treasury would have to collect $375B in revenues in December 2018.

    But thanks to the Trump Shutdown, it will probably come in at a number closer to $300B, which means the Russia Tax Cut didn't pay for itself.
    Quote Originally Posted by cawacko View Post
    I'm no economics expert. In fact I'm pretty dumb on the topic.

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    Quote Originally Posted by Grumpy View Post
    Translation= Most blue states are tax and spend, while most red states aren't.
    Most red states use federal welfare to plug their budget gaps that come from their low tax rates.

    Blue states subsidize low tax rates in welfare states.
    Quote Originally Posted by cawacko View Post
    I'm no economics expert. In fact I'm pretty dumb on the topic.

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    Quote Originally Posted by LV426 View Post
    Oh, I pay taxes...so you can try and invent something about me personally, but I can play that game too. I will say you're just saying this shit because your tax burden went up and you're too embarrassed to admit it.
    Look who I addressed my reply to smartass. I confused your and Jades avatars as the both are similar.

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    Quote Originally Posted by LV426 View Post
    Thanks to the shutdown, we won't know the amount of receipts the Treasury took in December 2018, but for January-November, 2018 revenues are $50B below what they were in 2017.

    For it to pull even, Treasury would have to collect $375B in revenues in December 2018.

    But thanks to the Trump Shutdown, it will probably come in at a number closer to $300B, which means the Russia Tax Cut didn't pay for itself.
    Why are deficients only important when we have a Republican president?

    TRANSLATION= Piss off.

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    Quote Originally Posted by LV426 View Post
    Most red states use federal welfare to plug their budget gaps that come from their low tax rates.

    Blue states subsidize low tax rates in welfare states.
    Also known as Red State Socialism

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    Quote Originally Posted by Grumpy View Post
    Why are deficients only important when we have a Republican president?

    TRANSLATION= Piss off.
    They're not.

    Pointing out your hypocrisy on deficits doesn't mean we share your fake concerns about them.
    Quote Originally Posted by cawacko View Post
    I'm no economics expert. In fact I'm pretty dumb on the topic.

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    DUMB thread of the YEAR.

    Nothing shrieks moron better than shrill math challenged dumb fucks arguing that tax increases are better and Government needs more money.


    Page 173 V I: Ultimately, the investigation did not establish that the Campaign coordinated or conspired with the Russian government in its election-interference activities.


    Eric Holder: ďIím still enjoying what Iím doing, thereís still work to be done,Ē Iím still the Presidentís wing-man, so Iím there with my boy.Ē

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    Quote Originally Posted by tinfoil View Post
    If you got a smaller tax return, it means you had more of your money that you earned throughout the entire year. If youy knew economics, you'd understand that the net present value is in your favor the smaller your return is. But you don't really get all that math stuff, do you?
    Sure. When I was on a payroll, I declared more dependents in order to get as close to zero refund as possible. That's what most intelligent people do, but many know that they're giving the govt. an interest free loan by taking a larger refund when they file. They aren't capable of budgeting, and they like the lump sum.

    Now...if everyone took home more per week as a result of withholding changes, that's one thing. If, as you say, math is your forte, then you should be able to explain to everyone why they didn't take home more during the week, and still paid in when they filed, or got a smaller return.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by tinfoil View Post
    liberals are citing the dumbest taxpayers as reason the tax code sucks. LOL Might as well cite the dumbest students to say the education system sucks.
    That's not what's happening. People are citing stupid voters who actually believed that trump was going to close the carried interest loophole, and raise taxes on the wealthy in order to give middle class taxpayers a break.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by archives View Post
    Of course it makes sense, but probability is that the average working American who doesn't have the time to stay on top of things never understood that the withholding tax was eliminated along with personal exemptions, the earlier bump they saw in their paychecks they thought was the tax cut. Now the reality will sink in
    What do you mean? If there was no withholding, then everyone would pay now.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by Grumpy View Post
    Wrong again.
    A single person making $39,000 in taxable income in 2017 saw a*rate*of 25%. In*2018, that drops to 22%.Jan 23, 2019
    Poor Grumpy. Almost nobody pays marginal rates.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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