Aldo Raine
Gold Member
Revenue isn't falling. What was lost from taxes on big businesses was made up for by increased revenues from individuals. The OP is deliberately misleading.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.
/——-/ Well dang, that is great news. The lower corporate taxes, the more competitive they are in the world market, more sales, more revenue, more hiring, more capital equipment and lower consumer prices. Incredible.
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Uhm, except revenue keeps falling. That is the point that is being made. It's ok we are here to help ewe for the rest of the week.
Exactly, corporations got the lions share of the tax cuts, therefore tax revenues from CORPORATIONS fell!!!!
MAGA!
This is pretty simple stuff, Aldo! If you got a hundred dollars in revenue from A (which are corporations) and fifty dollars in revenue from B (which are individual taxpayers) with the previous tax structure...then because of a tax structure, A gave you eighty dollars in revenue and B gave you eighty dollars in revenue...which tax structure brought in more revenue?
Oh I get it. Thank God the corporations are paying less and we are paying more.
MAGA!!!