Corporate Tax Revenue Came In 31% Below Predictions, And It's Getting Worse

[my2¢]

The sales tax in form of tariffs should help even things out, revenue-wise.

 

[progressive hunter]

what if they choose not to go to jail???

If they break the law, are convicted of a crime, and sentenced to jail then that’s where they go. You’re digging yourself into a hole. Give up on this silly argument of yours and try honest conversation for a change

that was honest,,,

Calling legal taxation robbery isn’t honest. You defend funding the military because it’s in the constitution but then refer to taxation as robbing the rich. No that’s not honest. It is hypocritical

have you always been a fucking moron or is it something new youre trying???

I never said that,,

You never said what?

I never said taxation is theft if its in the constitution, because its a contract, but taking my money at gun point and giving it to another violates that contract,,,

 

[Hutch Starskey]

That all depends on how you define General welfare” doesn’t it?

stealing from the majority to give to a minority is not in the general welfare,,,

Take your blessed freedom and make enough so you don't give a shit about those pennies or STFU. Only a true asshole would shit on those less fortunate less themselves.

I'm not shiting on anyone,,,just leaving them alone to live their life

its them that is shitting on me by stealing my hard earned money,,,

Like I said. Earn enough so you don't give a shit or STFU. Assisting the less fortunate is essential in a civilized society. Accept that fundamental truth and move on.

how do you know what I do in my private life???

stealing from me and giving to another is not charity, its theft,,,

not to mention the war on poverty is a complete failure,,,
and a civilized society follows the law not violate it,,,

how do you know what I do in my private life???

Your attitude gives you away. You resent the less fortunate for getting "free shit" because you work your ass off and probably aren't all that better off than them.

 

[BluesLegend]

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

That's awesome! Now that the tax cuts are locked in next we need to boot all the deadbeat mooching losers off welfare and cut spending.

Simple Simon sycophant ^^^; also a member of the Lunatic Fringe.

We don't need more taxes you retard. I swear you people are dumb.

Instead of taking a course in macroeconomics you would likely flunk, buy a copy of Simcity and see how fiscal conservatism works.

The American people are fleeing your high tax states dummy, pull your head out of your ass.

 

[Slade3200]

I’m on subject, just had a quick question to see where you draw the line. Why don’t you answer it. Looks like youre dodging.

I did answer,,,

where in the constitution does that authority exist???

my line when we are talking about the feds is the constitution,,,

Ok then so you would consider the VA unconstitutional, right?

The Federal Government is required by the Constitution to provide a military. Compensation for disabilities due to military service can not be considered unconstitutional.

Do you have a link? I’d like to see where the constitution says that all military and their families are entitled to lifetime healthcare benefits

key word being military,,,and who said their families are covered for life???

It’s jist part of the effort, we can ignore that element if you like, I don’t want the topic to go off track....

Military Health Care: The Issue of

Many military health care beneficiaries, particularly military retirees, their dependents, and those representing their interests, state that they were promised "free health care for life at military facilities" as part of their "contractual agreement" when they entered the armed forces.

 

[progressive hunter]

stealing from the majority to give to a minority is not in the general welfare,,,

Take your blessed freedom and make enough so you don't give a shit about those pennies or STFU. Only a true asshole would shit on those less fortunate less themselves.

I'm not shiting on anyone,,,just leaving them alone to live their life

its them that is shitting on me by stealing my hard earned money,,,

Like I said. Earn enough so you don't give a shit or STFU. Assisting the less fortunate is essential in a civilized society. Accept that fundamental truth and move on.

how do you know what I do in my private life???

stealing from me and giving to another is not charity, its theft,,,

not to mention the war on poverty is a complete failure,,,
and a civilized society follows the law not violate it,,,

how do you know what I do in my private life???

Your attitude gives you away. You resent the less fortunate for getting "free shit" because you work your ass off and probably aren't all that better off than them.

my attitude is towards the theft of my property by those that dont have a legal right to it,,,

theft is not charity,,,

 

[deanrd]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Good. More money in the hands of people who make the economy work.

Good. More money in the hands of people who make the economy work.

Take a look at the tax rate, the size and buying power of the middleclass during the period to want to take us back to. When America was "great".

Spenders make the economy work. Not savers.

Why does your Ilk keep trying to drag us back to the 1950's before the civil Rights acts was passed?

LOL...
Tell us when America was great, dope.

Lol once again why do you want to keep dragging us back into the 1950s before a republican signed into law the EPA, you want the Ohio River on fire again?


.

They think they can roast marshmallows and make shMoore’s.

 

[Slade3200]

If they break the law, are convicted of a crime, and sentenced to jail then that’s where they go. You’re digging yourself into a hole. Give up on this silly argument of yours and try honest conversation for a change

that was honest,,,

Calling legal taxation robbery isn’t honest. You defend funding the military because it’s in the constitution but then refer to taxation as robbing the rich. No that’s not honest. It is hypocritical

have you always been a fucking moron or is it something new youre trying???

I never said that,,

You never said what?

I never said taxation is theft if its in the constitution, because its a contract, but taking my money at gun point and giving it to another violates that contract,,,

So what do you suggest happen if I don’t want to pay my taxes? You know to pay for the military and trumps golf and such?

 

[progressive hunter]

I did answer,,,

where in the constitution does that authority exist???

my line when we are talking about the feds is the constitution,,,

Ok then so you would consider the VA unconstitutional, right?

The Federal Government is required by the Constitution to provide a military. Compensation for disabilities due to military service can not be considered unconstitutional.

Do you have a link? I’d like to see where the constitution says that all military and their families are entitled to lifetime healthcare benefits

key word being military,,,and who said their families are covered for life???

It’s jist part of the effort, we can ignore that element if you like, I don’t want the topic to go off track....

Military Health Care: The Issue of

Many military health care beneficiaries, particularly military retirees, their dependents, and those representing their interests, state that they were promised "free health care for life at military facilities" as part of their "contractual agreement" when they entered the armed forces.

well at least they have skin in the game,,,,
not so much for the welfare recipients,,,


welfare should only be done at the local level. when its done at the fed level to much is skimmed off the top for political reasons,,,

 

[progressive hunter]

that was honest,,,

Calling legal taxation robbery isn’t honest. You defend funding the military because it’s in the constitution but then refer to taxation as robbing the rich. No that’s not honest. It is hypocritical

have you always been a fucking moron or is it something new youre trying???

I never said that,,

You never said what?

I never said taxation is theft if its in the constitution, because its a contract, but taking my money at gun point and giving it to another violates that contract,,,

So what do you suggest happen if I don’t want to pay my taxes? You know to pay for the military and trumps golf and such?

now your TDS is showing ,,,
maybe you should leave the country, or fight to stop it,,,easier to just leave,,,

 

[Hutch Starskey]

Take your blessed freedom and make enough so you don't give a shit about those pennies or STFU. Only a true asshole would shit on those less fortunate less themselves.

I'm not shiting on anyone,,,just leaving them alone to live their life

its them that is shitting on me by stealing my hard earned money,,,

Like I said. Earn enough so you don't give a shit or STFU. Assisting the less fortunate is essential in a civilized society. Accept that fundamental truth and move on.

how do you know what I do in my private life???

stealing from me and giving to another is not charity, its theft,,,

not to mention the war on poverty is a complete failure,,,
and a civilized society follows the law not violate it,,,

how do you know what I do in my private life???

Your attitude gives you away. You resent the less fortunate for getting "free shit" because you work your ass off and probably aren't all that better off than them.

my attitude is towards the theft of my property by those that dont have a legal right to it,,,

theft is not charity,,,

It's not theft. Our culture has evolved to understand that anyone at anytime could face hardships and that it is better for society to assist during those periods of hardship. It's a social contract that is available to you and yours if the need arises.
You should be grateful that you don't need it rather than begrudging others for their struggles.

 

[Oldstyle]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Tax revenues for the United States have not fallen off however despite the tax cuts.

2016...3.27 Trillion
2017...3.32 Trillion
2018...3.33 Trillion
2019...3.44 Trillion (est.)
2020...3.64 Trillion (est.)

So businesses are paying less...but that amount is being made up for by individuals paying more...because they are making more!

As for interest rates? They've been increased more under this Presidency than any other in modern economic history! If an economic downturn does happen...the Fed therefore has the ability to lower interest rates to spur economic growth...something we weren't able to do for much of the Obama Presidency because interest rates were kept at near zero for the longest time in modern economic history!

When you progressives try and argue economics, Skews...you always end up looking foolish...just saying...

 

[Oldstyle]

I'm not shiting on anyone,,,just leaving them alone to live their life

its them that is shitting on me by stealing my hard earned money,,,

Like I said. Earn enough so you don't give a shit or STFU. Assisting the less fortunate is essential in a civilized society. Accept that fundamental truth and move on.

how do you know what I do in my private life???

stealing from me and giving to another is not charity, its theft,,,

not to mention the war on poverty is a complete failure,,,
and a civilized society follows the law not violate it,,,

how do you know what I do in my private life???

Your attitude gives you away. You resent the less fortunate for getting "free shit" because you work your ass off and probably aren't all that better off than them.

my attitude is towards the theft of my property by those that dont have a legal right to it,,,

theft is not charity,,,

It's not theft. Our culture has evolved to understand that anyone at anytime could face hardships and that it is better for society to assist during those periods of hardship. It's a social contract that is available to you and yours if the need arises.
You should be grateful that you don't need it rather than begrudging others for their struggles.

Interesting point of view. One wonders if it's a sign that a culture has "evolved" when people in that culture feel that they deserve a "living wage" without working! I would argue that is a sign that said culture has begun a death spiral.

 

[Toddsterpatriot]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted.

The corporate rate fell 40%, but tax revenues only declined 31%? Hmmmm…..

One reason, CBO says, could be that companies shifted deductible expenses — like funding for their workers’ pensions — into 2017, when the corporate rate was still 35 percent, because that made those deductions worth more. That would still show up in the government’s data for the 2018 fiscal year, which began in October 2017. The agency doesn’t know the extent to which that might be happening.

Companies did a good thing, funded pensions, and liberals still whine.

 

[Cellblock2429]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

OMG DOWN $11 BILLION!!!!

THATS 14 MINUTES OF SPENDING!

This is why we have a 22 trillion dollar debt...people like you care more about politics than the country.

/——/ Cut spending. Problem solved.

And yet this election you will vote for your beloved Repubs who would not know how to cut spending if they actually wanted to

/———/ Kicking RINOs out and replacing them with Conservatives is a long hard process. Look how long it’s taken the democRATs to flush the conservatives and moderates from their party.

 

[progressive hunter]

I'm not shiting on anyone,,,just leaving them alone to live their life

its them that is shitting on me by stealing my hard earned money,,,

Like I said. Earn enough so you don't give a shit or STFU. Assisting the less fortunate is essential in a civilized society. Accept that fundamental truth and move on.

how do you know what I do in my private life???

stealing from me and giving to another is not charity, its theft,,,

not to mention the war on poverty is a complete failure,,,
and a civilized society follows the law not violate it,,,

how do you know what I do in my private life???

Your attitude gives you away. You resent the less fortunate for getting "free shit" because you work your ass off and probably aren't all that better off than them.

my attitude is towards the theft of my property by those that dont have a legal right to it,,,

theft is not charity,,,

It's not theft. Our culture has evolved to understand that anyone at anytime could face hardships and that it is better for society to assist during those periods of hardship. It's a social contract that is available to you and yours if the need arises.
You should be grateful that you don't need it rather than begrudging others for their struggles.

it is theft if it violates the law,,,which in this case it does,,

you dont like it then change the law,,,

 

[Cellblock2429]

OMG DOWN $11 BILLION!!!!

THATS 14 MINUTES OF SPENDING!

This is why we have a 22 trillion dollar debt...people like you care more about politics than the country.

/——/ Cut spending. Problem solved.

Another dumb comment. Seems the Trump sycophants and pseudo conservatives have no clue. It is past time for a fiscal responsible budget policy.

Once I believed the line-item budget would fix the budget, then trump came along.

/—-/ How do you control your budget in your personal life? Just curious what happens when you spend more than you take home.

My wife and I are fiscally responsible. We've never spent more than we earn in the 45 years we've been married. That does not mean we didn't buy a home using a loan, or a car or using a credit care for major purposes such as appliances.

When we needed a new roof, we took out a home loan and paid the interest. (in those days interest was tax deductible - Reagan eliminated that).

Better to take on debt, than to allow the roof to leak and destroy the interior (that is what I mean by fiscally responsible, something the Federal Government seems unable to comprehend).

Balanced budgets are an unmitigated joke, shit happens and all budgets are nothing more than a plan, which is reviewed as time passes by sensible and responsible people.

Thus the talk by fiscal conservatives about a balanced budget amendment would be disastrous.

/—-/ I do the same in my household, but the Gubmint just spends spends spends with no thought or concern about responsibility.

 

[NoVote]

The war on poverty just causes more poverty. They name it communism.

 

[Dana7360]

The system must be working if the GDP hit over 4% for the first time in a decade and the DOW hovers around 25,000 while unemployment is at it's lowest since the early 70's. What's the point? Do lefties want to punish corporations during republican administrations or the neo-socialists just hate what makes America great?

When did GDP hit 4% for the first time in a decade?! I must have missed that news

Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.

You seriously need to stop paying attention to far right radical extremist news. They are lying to you.

It's a very good idea to take a few minutes to find the truth but you're too lazy to do that.

The GDP for 2017 was 2.2%.

The Strange Ups and Downs of the U.S. Economy Since 1929

 

[Slade3200]

Ok then so you would consider the VA unconstitutional, right?

The Federal Government is required by the Constitution to provide a military. Compensation for disabilities due to military service can not be considered unconstitutional.

Do you have a link? I’d like to see where the constitution says that all military and their families are entitled to lifetime healthcare benefits

key word being military,,,and who said their families are covered for life???

It’s jist part of the effort, we can ignore that element if you like, I don’t want the topic to go off track....

Military Health Care: The Issue of

Many military health care beneficiaries, particularly military retirees, their dependents, and those representing their interests, state that they were promised "free health care for life at military facilities" as part of their "contractual agreement" when they entered the armed forces.

well at least they have skin in the game,,,,
not so much for the welfare recipients,,,


welfare should only be done at the local level. when its done at the fed level to much is skimmed off the top for political reasons,,,

Wow, that was a nice 180 subject change. Well in my opinion it is in my interest to not have homeless people everywhere, to have less crime in my neighborhood. By providing resources to those in poverty I believe we can reduce those numbers. The constitution allows for the government to support the general welfare so the legality of taxation for things like welfare, infrastructure and education etc depends on whether congress deems the efforts for the welfare of the people. The laws then need to be signed by the president and are then open to be reviewed by the Supreme Court if others deem them as unconstitutional. This is our process and this process was done over each of the efforts I listed above. So like you said, case closed.