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by marcusverus
233 days ago
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> The USA has no negative income tax. They're called refundable tax credits. They result in people being net recipients of the income tax after refunds are paid out. This is a negative income tax. > Someone generalized - You called them a liar They didn't "generalize", they made a claim which is literally and undeniably untrue. That is a lie. > We found out the generalization wasn't strictly correct, but basically true in spirit. We found that the people he claimed didn't get a tax cut actually got a 30% tax cut. That's an obvious, blatant lie. |
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Look at the plot you shared "Personal Taxes: Federal Income Taxes by Quintiles of Income Before Taxes: Third 20 Percent (41st to 60th Percentile)"
2015: 1854
2016: 1954 (+100)
2017: 2170 (+216)
2018: 2676 (+506)
2019: 2519 (-157)
What about these numbers makes you think that the third quintile on average got a 30% tax cut?