All you Tax reduction haters(i.e. Trumphaters!)... How is this possible???

[healthmyths]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

 

[jc456]

but, but, but, but.........

 

[jwoodie]

The Dems have already dropped their revenue argument in favor of tax "fairness." (Kind of like selling payday loans.)

 

[Norman]

Tax reduction haters?

You mean the freeloaders of the forum?

 

[White 6]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

Well, could be that the corporations will get their taxes back at annual filing, after all corporations are rich people too. Some of the tariff money is being used to subsidize farmers and the and in larger part, huge agricultural corporations suffering decline in sales due to trade war tariffs. The rest of the subsidies are just further deficit spending, as deficits continue to rise. Think of it as wealth transfer up to the top. The large Agra-corporations are not actually hurting, by the trade policy. Much of their contractual costs are scalable to their projected annual needs on an on-going basis. It is not as if they actually lived on the land and struggle to keep it. Welcome to the supply side corporate economy.

 

[BrokeLoser]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

Well, could be that the corporations will get their taxes back at annual filing, after all corporations are rich people too. Some of the tariff money is being used to subsidize farmers and the and in larger part, huge agricultural corporations suffering decline in sales due to trade war tariffs. The rest of the subsidies are just further deficit spending, as deficits continue to rise. Think of it as wealth transfer up to the top. The large Agra-corporations are not actually hurting, by the trade policy. Much of their contractual costs are scalable to their projected annual needs on an on-going basis. It is not as if they actually lived on the land and struggle to keep it. Welcome to the supply side corporate economy.

Wrong on many levels...corporations do not receive tax refunds and no, corporations are not "rich people".

 

[Claudette]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

Of course. Cutting taxes gets more revenue into the Fed.

It worked for Kennedy, Reagan and Trump.

 

[BrokeLoser]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

What's the over/under on whether or not our resident fiscal geniuses g5000 Mac1958 and Golfing Gator will participate in this thread?

 

[Rye Catcher]

Does anyone not recognize we are a consumer driven economy? The Tax Fraud sent to trump for his signature benefits in the first year 2/3 to Corporations and those who make the most taxable income by the elimination of the highest two tax brackets.

The standard deduction benefits the hoi polloi in year one (that means 99.9% of the readers here) and every subsequent year becomes less of a benefit and then sunsets in 2027.

How? That standard deduction remains static, and yet the costs of living, local and state taxes will grow. You have been fucked by Ryan, McConnell and Trump and many of you are still in denial.

 

[BrokeLoser]

Does anyone not recognize we are a consumer driven economy? The Tax Fraud sent to trump for his signature benefits in the first year 2/3 to Corporations and those who make the most taxable income by the elimination of the highest two tax brackets.

The standard deduction benefits the hoi polloi in year one (that means 99.9% of the readers here) and every subsequent year becomes less of a benefit and then sunsets in 2027.

How? That standard deduction remains static, and yet the costs of living, local and state taxes will grow. You have been fucked by Ryan, McConnell and Trump and many of you are still in denial.

How weird...you mean to tell us that the highest earners, you know, those paying all the taxes in this country reap the largest reward from a tax cut?

 

[Dekster]

I probably should file my taxes this year. 8 months late is better than not at all I suppose.

 

[healthmyths]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

Well, could be that the corporations will get their taxes back at annual filing, after all corporations are rich people too. Some of the tariff money is being used to subsidize farmers and the and in larger part, huge agricultural corporations suffering decline in sales due to trade war tariffs. The rest of the subsidies are just further deficit spending, as deficits continue to rise. Think of it as wealth transfer up to the top. The large Agra-corporations are not actually hurting, by the trade policy. Much of their contractual costs are scalable to their projected annual needs on an on-going basis. It is not as if they actually lived on the land and struggle to keep it. Welcome to the supply side corporate economy.

Corporations don't get taxes back. Do you really think they are THAT stupid to let the government have their money? You really have no comprehension!
Farmers subsidies have been around since the 1930s. So what?
Finally you truly are ignorant as to how businesses work. Are you aware that the SS/Medicare withholding paid equally by the employee and employer are considered
tax revenue? First of all I bet you are one of the ignorant millions that don't know YOUR employer matches your SS/Medicare withholding.
And it is the pure fact there are MORE people now earning a paycheck that means more payroll tax revenue rolling in! I'm 100% confident you don't know any of the
above.

 

[jc456]

The Dems have already dropped their revenue argument in favor of tax "fairness." (Kind of like selling payday loans.)

that's because they think the rich stole their money. Too fking funny.

 

[Rye Catcher]

Does anyone not recognize we are a consumer driven economy? The Tax Fraud sent to trump for his signature benefits in the first year 2/3 to Corporations and those who make the most taxable income by the elimination of the highest two tax brackets.

The standard deduction benefits the hoi polloi in year one (that means 99.9% of the readers here) and every subsequent year becomes less of a benefit and then sunsets in 2027.

How? That standard deduction remains static, and yet the costs of living, local and state taxes will grow. You have been fucked by Ryan, McConnell and Trump and many of you are still in denial.

How weird...you mean to tell us that the highest earners, you know, those paying all the taxes in this country reap the largest reward from a tax cut?

It has zero to do with the amount of revenue collected by IRS, is it about the revenue not going to IRS by the elimination of the top two tax brackets; and the reduction of the % of profits for corporations; and how much more each year the vast majority of us will pay every year will grow.

 

[Mac1958]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

The answer, of course, is in the title of the article you linked.

Trump's Keynesian spending has done what Keynesian spending usually does.

Unfortunately, Keynes only advocated this kind of spending during non-recessionary periods.

So Trump is to the Left of Keynes, and the Trumpsters are cheering because they evidently don't know any better. Congratulations.
.

 

[jc456]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

Well, could be that the corporations will get their taxes back at annual filing, after all corporations are rich people too. Some of the tariff money is being used to subsidize farmers and the and in larger part, huge agricultural corporations suffering decline in sales due to trade war tariffs. The rest of the subsidies are just further deficit spending, as deficits continue to rise. Think of it as wealth transfer up to the top. The large Agra-corporations are not actually hurting, by the trade policy. Much of their contractual costs are scalable to their projected annual needs on an on-going basis. It is not as if they actually lived on the land and struggle to keep it. Welcome to the supply side corporate economy.

how does one spend deficits?

 

[g5000]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

Gee, what a shame Trump is outspending revenues to the tune of a trillion dollars a year.

Gee, what a shame Trump spends more per year than any President in history. I bet you tards still tell yourselves Republicans are the party of small government.

You know what? I'm going to tell you something which your propagandists don't tell you. They are guilty of what is known as a "lie of omission". That shit is big in propaganda circles. It's their bread and butter.

This is going to blow your mind. Steel yourself.

Ready?

Obama and Clinton RAISED taxes. Guess what happened?

No, wrong.

Record revenues! That's what!!

There, there. There, there now. Try to remember to breathe.

Do you need a glass of water?

 

[g5000]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

What's the over/under on whether or not our resident fiscal geniuses g5000 Mac1958 and Golfing Gator will participate in this thread?

I know we terrify you.

 

[Rye Catcher]

We area consumer driven economy. Giving more money to the special interests (i.e. corporations and those who paid the highest taxes in the two highest tax brackets) do not buy enough products on the Main/Market Streets of America. Cutting deductions each year by attrition reduces the money spent by the hundreds of millions of our citizens and is a sure way to create another recession.

 

[g5000]

The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today.

Corporation income taxes, Social Security payroll taxes, and customs duties were all up in the first two months of this fiscal year compared to last fiscal year, but estate and gift taxes and unemployment insurance taxes were down.

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History

hmmm...
Let's see Trump reduced taxes BUT revenue goes up and unemployment taxes go down!
Wait a minute... that must mean....More people are working paying SS taxes and less people are unemployed meaning lower unemployment taxes....
SOMETHING is truly wrong here! Please correct me if I'm wrong!

Well, could be that the corporations will get their taxes back at annual filing, after all corporations are rich people too. Some of the tariff money is being used to subsidize farmers and the and in larger part, huge agricultural corporations suffering decline in sales due to trade war tariffs. The rest of the subsidies are just further deficit spending, as deficits continue to rise. Think of it as wealth transfer up to the top. The large Agra-corporations are not actually hurting, by the trade policy. Much of their contractual costs are scalable to their projected annual needs on an on-going basis. It is not as if they actually lived on the land and struggle to keep it. Welcome to the supply side corporate economy.

how does one spend deficits?

Well, in Trump's case, he borrows a trillion dollars from places like China and Great Britain and Japan, as well as our own banking system and the American people.

And then our kids and grandkids will have to pay all that money back.

Cool, huh? He's hoaxing the rubes, at the expense of our descendants.

All caught up now?