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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 pai
by marcusverus 11mo ago
> 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.
- stahtops 11mo agoPutting aside for a moment that 30% of nothing is nothing, where are you even getting this idea that someone got a 30% tax reduction? 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?