When you file your return, is that on income in the calendar year or the fiscal year?
Average tax refund down 17 percent, IRS reports
- Thread starter LV426
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When you file your return, is that on income in the calendar year or the fiscal year?
Callinectes
Proud MAGA Semi-Facist
Wow, I see you're stuck in a loop. Hit yourself upside the head with something large and made of metal. First, I never argued that cutting taxes leads to increased "economic activity" that would generate more revenues. I am AGAINST the government getting more revenue. The "fundamental lynch pin of MY fiscal and economic belief system" is, I want to keep more of my own money.What I have "argued" in this and another equally vapid thread is 1) The difference in the fiscal and calendar years. 2) The folly of waiting all year for the government to give back your own money in the form of a "refund", and 3)
Neener, neener! I got a tax cut, and you got a refund cut!So thanks for admitting there is no economic argument in favor of cutting taxes.
What money?
The Russia Tax Cut you support and defend started on the calendar year, not the fiscal year.
This is a brand new track you're arguing here because all economic and fiscal arguments you've made in the past have been disproved by actual data. Like how you couldn't even hit 3% growth in 2018. INstead, you tied Obama's best mark...and he managed 2.9% without a giant tax cut.
and 3)
Conservatives know they have no economic or fiscal arguments to make in favor of their policies anymore; it's all about the politics of pettiness.
Nonsense, morally speaking, Americans having more of what they earn is awesome.
But they're not getting more of what they earned...in fact, many saw their tax liability increase.
And we're still in the Conservative mindset that cutting taxes generates increased economic activity, despite the fact that 2018 data shows it doesn't.
Ah, so that's why Conservatives erased the budget surpluses in 2001 with the Bush Tax Cuts...because surpluses "mean we're being overtaxed" and that paying off debt too soon "wouldn't be fair to the bondholders".
Also, that's not a moral argument, it's an emotional one.
Put more money in my pockets, and we got a bigger return, that is a win! Keep spinning your socialist utopia dream, but first get a job and contribute.
Didn't happen last year.
Instead, the "return" was less than the year before. 2% less, actually.
2018 growth was the same as Obama got in 2015.
So you achieved nothing.
Speak for yourself!
Callinectes
Proud MAGA Semi-Facist
Once again, hit yourself in the head with a big hunk of solid metal. I have an anchor maul you can use if you need it. I've already told you in another post,(maybe not clear to you, sorry)you report your calendar year income(did you know you could file quarterly, based on the April fiscal year? Of course you didn't! You haven't hit yourself in the head yet and are still stuck in a loop!), the government uses their fiscal year to report their ill-gotten gains. I also told you if you don't like the system, I would give you the IRS phone number and you could explain why they should shift over to YOUR system! But why? Because the master thieves at the IRS don't understand that government revenues are down if they are computed differently? Take a look at this table from IRS.gov:
https://www.irs.gov/statistics/soi-tax-stats-irs-data-book
This is how the GOVERNMENT reports revenue. Look at JUST the black line at the top, and tell me that revenue has decreased. And look at the title in blue right above that ascending black line, see where it says "Gross Collections by Type Of Tax, Calendar Years 2008-2017" See it? Right there in front of your face? Oh, sorry! I DON'T SEE IT EITHER!!! IT ACTUALLY SAYS "Gross Collections by Type Of Tax, FISCAL Years 2008-2017"
Holy crap I wish I'd have remembered this earlier
Once again, hit yourself in the head with a big hunk of solid metal. I have an anchor maul you can use if you need it. I've already told you in another post,(maybe not clear to you, sorry)you report your calendar year income(did you know you could file quarterly, based on the April fiscal year? Of course you didn't! You haven't hit yourself in the head yet and are still stuck in a loop!), the government uses their fiscal year to report their ill-gotten gains. I also told you if you don't like the system, I would give you the IRS phone number and you could explain why they should shift over to YOUR system! But why? Because the master thieves at the IRS don't understand that government revenues are down if they are computed differently? Take a look at this table from IRS.gov:
https://www.irs.gov/statistics/soi-tax-stats-irs-data-book
This is how the GOVERNMENT reports revenue. Look at JUST the black line at the top, and tell me that revenue has decreased. And look at the title in blue right above that ascending black line, see where it says "Gross Collections by Type Of Tax, Calendar Years 2008-2017" See it? Right there in front of your face? Oh, sorry! I DON'T SEE IT EITHER!!! IT ACTUALLY SAYS "Gross Collections by Type Of Tax, FISCAL Years 2008-2017"
Holy crap I wish I'd have remembered this earlier
Government revenues for 2018 were below that of 2017
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf
Receipts
Jan-2017: $344,069
Feb-2017: $171,713
Mar-2017: $216,584
Apr-2017: $455,605
May-2017: $240,418
Jun-2017: $388,660
Jul-2017: $232,040
Aug-2017: $226,311
Sep-2017: $348,722
Oct-2017: $235,341
Nov-2017: $208,374
Dec-2017: $325,797
Total-2017: $3,393,634
Receipts
Jan-2018: $361,038
Feb-2018: $155,623
Mar-2018: $210,832
Apr-2018: $510,447
May-2018: $217,075
Jun-2018: $316,278
Jul-2018: $225,266
Aug-2018: $219,115
Sep-2018: $343,559
Oct-2018: $252,692
Nov-2018: $205,961
Dec-2018: $312,584
Total-2018: $3,330,470
You can do math, right?
2018 revenues were 2% below 2017
No it's not.
THIS is how government reports revenue.
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf
Once again, hit yourself in the head with a big hunk of solid metal. I have an anchor maul you can use if you need it. I've already told you in another post,(maybe not clear to you, sorry)you report your calendar year income(did you know you could file quarterly, based on the April fiscal year? Of course you didn't! You haven't hit yourself in the head yet and are still stuck in a loop!), the government uses their fiscal year to report their ill-gotten gains. I also told you if you don't like the system, I would give you the IRS phone number and you could explain why they should shift over to YOUR system! But why? Because the master thieves at the IRS don't understand that government revenues are down if they are computed differently? Take a look at this table from IRS.gov:
https://www.irs.gov/statistics/soi-tax-stats-irs-data-book
This is how the GOVERNMENT reports revenue. Look at JUST the black line at the top, and tell me that revenue has decreased. And look at the title in blue right above that ascending black line, see where it says "Gross Collections by Type Of Tax, Calendar Years 2008-2017" See it? Right there in front of your face? Oh, sorry! I DON'T SEE IT EITHER!!! IT ACTUALLY SAYS "Gross Collections by Type Of Tax, FISCAL Years 2008-2017"
Holy crap I wish I'd have remembered this earlier
What a Goddamn illiterate moron.
Jesus fucking Christ.
FY 2017 started in October 2016 you doof!
Nothing you posted here shows anything about revenues after the Russia Tax Cut.
Your fucking chart doesn't include anything when it comes to the Russia Tax Cut that took effect January 1st, 2018 during 2018's fiscal year.
Your dumb chart doesn't include FY 2018, which started October 1st, 2017.
What a fucking embarrassment.
Every single Conservative is as embarrassingly illiterate as you.
FY 2017 is the period of October 1st, 2016 - September 30, 2017.
So your shitty Russia Tax Cut isn't even included in those numbers, so it doesn't prove your argument.
Besides, the Russia Tax Cut didn't start on the FY, it started on the Calendar year.
You're trying to obfuscate by saying it's not fair to compare calendar year revenues because doing so shows fewer revenues in 2018 than 2017, thus disproving your chief fundamental economic belief.
You know what's really funny? When you compare the same period over the fiscal year between Russia Tax Cut and no Russia Tax Cut, the revenue numbers with the Russia Tax Cut are less.
Jan-17 344069
Feb-17 171713
Mar-17 216584
Apr-17 455605
May-17 240418
Jun-17 338660
Jul-17 232040
Aug-17 226311
Sep-17 348722
FY 2017 2574122
Jan-18 361038
Feb-18 155623
Mar-18 210832
Apr-18 510447
May-18 217075
Jun-18 316278
Jul-18 225266
Aug-18 219115
Sep-18 343559
FY 2018 2559233
The Russia Tax Cut started 1/1/18.
Jan-17 344069
Feb-17 171713
Mar-17 216584
Apr-17 455605
May-17 240418
Jun-17 338660
Jul-17 232040
Aug-17 226311
Sep-17 348722
FY 2017 2574122
Jan-18 361038
Feb-18 155623
Mar-18 210832
Apr-18 510447
May-18 217075
Jun-18 316278
Jul-18 225266
Aug-18 219115
Sep-18 343559
FY 2018 2559233
The Russia Tax Cut started 1/1/18.
Keep spinning this economy is growing and the higher than expected gdp is showing you to be wrong! I did get more back and payed less so you can shove it sparky. Go get a job and contribute!
It's not higher than expected.
In fact, it's less than what was promised.
GDP growth for 2018 was 2.9% - you all were promising at least 3%.
So you didn't even hit your modest goal.
Instead, you produced the same growth Obama got just 4 years ago without a tax cut.
I don't believe you, and there's no way you will ever verify this wild claim.
Umm Yeah right, how can you be so wrong all the time!