Average tax refund down 17 percent, IRS reports

Callinectes Ocasio-Cortez said:
The average American household income could increase between $4,000 and $9,000 a year in wages and salary alone by cutting the Federal corporate income tax rate from 35 percent to 20 percent, according to an analysis by the Council of Economic Advisors (CEA).

You mean this? Does the word "promise" appear anywhere? As far as a projection or prediction goes, do you not concede that someone with a doubled personal deduction, enough children qualifying for the increased tax credits, living in a low or non taxing state, could possibly see their annual income increase by $4-9K?
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LOL!

Seriously?
 
LV426 said:
The Council of Economic Advisers projects that annual income for American households will increase by an average of $4,000.

In fact, Trump's own CEA did a fake study about that very thing in October 2017, and then had the gall to post it on the internet.
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Once again, does the word "promise" appear anywhere? I know "promise" and "projects" both start with the letter "P", and that probably threw you off. Again, as far as a projection or prediction goes, do you not concede that someone with a doubled personal deduction, enough children qualifying for the increased tax credits, living in a low or non taxing state, could possibly see their annual income increase by $4-9K?
 
Callinectes Ocasio-Cortez said:
You mean this? Does the word "promise" appear anywhere? As far as a projection or prediction goes, do you not concede that someone with a doubled personal deduction, enough children qualifying for the increased tax credits, living in a low or non taxing state, could possibly see their annual income increase by $4-9K?
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Trump said, in his speech in Pennsylvania in October 2017:

My Council of Economic Advisers estimates that this change, along with a lower tax rate, would likely give the typical American household a $4,000 pay raise. [Applause] Could be a lot more than that, too. You haven't heard this. So about a $4,000 amount of money additional for the American family to spend. That's very exciting.
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Quote begins at 32:23:

 
Callinectes Ocasio-Cortez said:
Once again, does the word "promise" appear anywhere? I know "promise" and "projects" both start with the letter "P", and that probably threw you off. Again, as far as a projection or prediction goes, do you not concede that someone with a doubled personal deduction, enough children qualifying for the increased tax credits, living in a low or non taxing state, could possibly see their annual income increase by $4-9K?
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So you're going to go with the argument that they made bad predictions instead of bad promises?

Well, the problem is that they used those bad predictions to sell the promise of the bill.
 
Callinectes Ocasio-Cortez said:
Again, as far as a projection or prediction goes, do you not concede that someone with a doubled personal deduction, enough children qualifying for the increased tax credits, living in a low or non taxing state, could possibly see their annual income increase by $4-9K?
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That wasn't the promise, and it hasn't happened anyway.

You all literally said that "wages" would increase $4K-$9K, not after-tax income.

So you're trying to shift the goalposts.

Typical.
 
LV426 said:
They didn't say "your after-tax income will increase" - also, after tax income didn't increase by $4k-$9k.

They said, "your wage would increase".
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ahhh poor nut-bag isn't good with math,

maybe you should try another subject, this one is making you look real stupid
 
Callinectes Ocasio-Cortez said:
annual income increase by $4-9K?
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Trump, October 2017:

My Council of Economic Advisers estimates that this change, along with a lower tax rate, would likely give the typical American household a $4,000 pay raise. [Applause] Could be a lot more than that, too. You haven't heard this. So about a $4,000 amount of money additional for the American family to spend. That's very exciting.
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He didn't say your after-tax income would increase, he said your pay would.

It didn't.
 
Getin the ring said:
ahhh poor nut-bag isn't good with math
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This isn't math, this is English...a subject you also probably failed.

Trump said pay increases would be $4K-$9K...he didn't say "after tax income would increase $4k-$9k".


maybe you should try another subject, this one is making you look real stupid
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You Dunning-Kruger your way through every single debate here.
 
Oneuli said:
The article I used might have been using fiscal years instead of calendar years. Now that I think of it, calendar years are more appropriate here, since that's the relevant time block for a tax change.
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No it's not more appropriate, and this has gotten his ass in a sling before because no one, not government or the private sector, uses the calendar year for tax purposes. There's a reason they call it a fiscal year:
Dictionary result for fiscal
/ˈfisk(ə)l/
adjective
adjective: fiscal

1.
relating to government revenue, especially taxes.
"monetary and fiscal policy"
synonyms: tax, budgetary, revenue;
 
Callinectes Ocasio-Cortez said:
No it's not more appropriate, and this has gotten his ass in a sling before because no one, not government or the private sector, uses the calendar year for tax purposes.
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That's really funny because we pay taxes on the calendar year. When you paid your 2018 taxes, was that on income at the start of the fiscal year, or on the start of the calendar year?
 
Callinectes Ocasio-Cortez said:
No it's not more appropriate, and this has gotten his ass in a sling before because no one, not government or the private sector, uses the calendar year for tax purposes. There's a reason they call it a fiscal year
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So when you paid your 2018 taxes, was that on income that began on the fiscal year, or the calendar year?

Or is that a trick question because you don't have a job and thus, don't pay taxes?
 
LV426 said:
Yes it is. It's a full twelve months, a calendar year, to evaluate.
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Okay, the math is gonna get complicated here so try to keep up: January 1st to December 31st=a full twelve months-True or False, show your work, no calculators allowed but you may count on your fingers and toes. Hint: You may or may not have to remove only ONE shoe and/or sock(at this point, I am going to get a cup of coffee, NO CHEATING!) Okay, I'm back. 2nd and last question, same rules: April 1st to March 31st=a full twelve months-True or False

You're moving the bar because you don't want to admit your policy sucks and it didn't increase revenues like you promised it would.
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Why would I say the policy sucks when it has worked so well for me? Actually it sounds like it sucks for YOU because YOUR REFUND IS LOWER! And a BIG news flash here!: I am a huge supporter of ANYTHING that would decrease revenues to the fucking government, because if they had less money to spend on stupid shit, and countries wouldn't lend to them, maybe they would spend less money on stupid shit
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Callinectes Ocasio-Cortez said:
Okay, the math is gonna get complicated here so try to keep up: January 1st to December 31st=a full twelve months-True or False, show your work, no calculators allowed but you may count on your fingers and toes. Hint: You may or may not have to remove only ONE shoe and/or sock(at this point, I am going to get a cup of coffee, NO CHEATING!) Okay, I'm back. 2nd and last question, same rules: April 1st to March 31st=a full twelve months-True or Fals
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True.

Now one for you:

True or false, the Russia Tax Cut took effect January 1st.
 
Callinectes Ocasio-Cortez said:
Why would I say the policy sucks when it has worked so well for me? Actually it sounds like it sucks for YOU because YOUR REFUND IS LOWER! And a BIG news flash here!: I am a huge supporter of ANYTHING that would decrease revenues to the fucking government, because if they had less money to spend on stupid shit, and countries wouldn't lend to them, maybe they would spend less money on stupid shit
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So this is a pretty weak sauce response...falling on unverifiable anecdotes to fill the deficit in your argument.

And this business about withholding and such...never crossed your mind until now, when all the past promises you made of your tax cut failed to deliver.
 
LV426 said:
So when you paid your 2018 taxes, was that on income that began on the fiscal year, or the calendar year?
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It doesn't matter when I made the income, it matters when they collect the taxes. If you don't like the policy, call the IRS and suggest a new plan. They LOVE to hear suggestions from taxpayers! I can give you the phone number if you want, as I like to call them up periodically and tell them my suggestions as to what they can do with some of their policies!

Or is that a trick question because you don't have a job and thus, don't pay taxes?
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yeah, let's go with that:palm:
 
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