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

[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.

“Average tax refund amounts are down double-digits compared to last year, according to the latest batch of weekly IRS data about the 2019 tax-filing season released late Friday,” The Hill reports.

“The average refund through Feb. 15 was $2,640, which is 16.7 percent smaller than the average refund through Feb. 16, 2018, according to the IRS data.”

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

 

[RRY16]

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.

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

 

[wildchild]

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

Yawn...

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

 

[LacesOut]

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

Simple. There is a running count in his masthead

 

[kingjelly]

How much are corporate taxes down YoY?

 

[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.

 

[gwb-trading]

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.

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.

 

[wildchild]

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.

Average refund $3,103 $3,143 +1.3

 

[wildchild]

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.

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]

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

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.