Federal Tax Revenue Sets New Record in October, Revenue Higher This Year Than Last Year

[AntonToo]

Facinating is how fucking hopped up on coolaid you have to be to belive that nonsence.

Tax-cut grow economy, but that offsets only a small fraction of the upfront revenue loss.

Whats the ideal corporate tax rate and why? Specifically

...ideal FOR WHAT? Fed Revenue maximization?

It's not simply tax rates, it is EFFECTIVE tax rates, many companies get away with paying next to nothing and the new tax-cuts did worse than NOTHING to address any of the loopholes in the system.

You twats said taxes collected would drop. THEY DID NOT.

It was a BULLSHIT NARRATIVE to gin up your retard base.

Dumbass, did you not fucking see the breakdown of revenues since tax-cuts began?

ABSOLUTELY REVENUES DROPPED, even more so when you apropreately adjust for notmal expected revenue growth from not-tax-cut economic growth and inflation.

Here is our revenues on tax-cuts:

Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B

Monthly Treasury Statement

So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.

You're ignoring the increase of production and imports.

what does that have to do with measuring effects of tax-cutting on revenues?

 

[peach174]

Whats the ideal corporate tax rate and why? Specifically

...ideal FOR WHAT? Fed Revenue maximization?

It's not simply tax rates, it is EFFECTIVE tax rates, many companies get away with paying next to nothing and the new tax-cuts did worse than NOTHING to address any of the loopholes in the system.

You twats said taxes collected would drop. THEY DID NOT.

It was a BULLSHIT NARRATIVE to gin up your retard base.

Dumbass, did you not fucking see the breakdown of revenues since tax-cuts began?

ABSOLUTELY REVENUES DROPPED, even more so when you apropreately adjust for notmal expected revenue growth from not-tax-cut economic growth and inflation.

Here is our revenues on tax-cuts:

Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B

Monthly Treasury Statement

So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.

You're ignoring the increase of production and imports.

what does that have to do with measuring effects of tax-cutting on revenues?

 

[imawhosure]

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Here is our revenues on tax-cuts:

Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B

Monthly Treasury Statement

So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Just awesome.

Again, you didnt explain how a 14% tax cut DOUBLED the amount of tax collected.

Just explain the math, straight up. Walk us through it.

The left wing narrative was that we could collect LESS taxes as a result of a tax rate cut.

That doesnt seem to be happening, it was simply a bullshit political talking point.

It is happening, I posted the actual numbers already


Sent from my iPhone using USMessageBoard.com

Gotta laugh at the Leftist phony-e-baloneys, lol!

QUESTION-----------> LEFTISTS, explain how...…….wait for it...…..wait for it...….. the 2nd LARGEST liberal/leftist/Marxist, bastion state in this country known as New York, convinced the WEALTHIEST person in this country, to open his 2nd base within that states borders...….AKA, AMAZON?

Ummmmmmmmm, TAX BREAKS, to the tune of over 40,000 per employee!

Do you realize you people STAND FOR NOTHING, lol. One the one hand, you bitch that Republicans hand out taxbreaks to RICH corporations; then behind the scenes, you throw money at them to lure them into your state......you PHONY BALONEY's!

Your mantra is-----------> Tax breaks don't work...………..but lets throw them at Amazon to get them to move here just in case, lololol! And they did!

So then, which is it---------->

A. You handed the RICHEST liberal on the planet...…...the owner of Amazon, a BRIBE because he is a leftist?

or,

B. He was handed a tax break because it will improve New Yorks economy and income in the long run-)

or maybe

C. We are racists and homophobes for even asking you such a pertinent question, because you despise questions, for which any answer you give PROVES UNEQUIVICABLY you are a bunch of phony's-)

 

[jc456]

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Here is our revenues on tax-cuts:

Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B

Monthly Treasury Statement

So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Just awesome.

Again, you didnt explain how a 14% tax cut DOUBLED the amount of tax collected.

Just explain the math, straight up. Walk us through it.

The left wing narrative was that we could collect LESS taxes as a result of a tax rate cut.

That doesnt seem to be happening, it was simply a bullshit political talking point.

It is happening, I posted the actual numbers already


Sent from my iPhone using USMessageBoard.com

Gotta laugh at the Leftist phony-e-baloneys, lol!

QUESTION-----------> LEFTISTS, explain how...…….wait for it...…..wait for it...….. the 2nd LARGEST liberal/leftist/Marxist, bastion state in this country known as New York, convinced the WEALTHIEST person in this country, to open his 2nd base within that states borders...….AKA, AMAZON?

Ummmmmmmmm, TAX BREAKS, to the tune of over 40,000 per employee!

Do you realize you people STAND FOR NOTHING, lol. One the one hand, you bitch that Republicans hand out taxbreaks to RICH corporations; then behind the scenes, you throw money at them to lure them into your state......you PHONY BALONEY's!

Your mantra is-----------> Tax breaks don't work...………..but lets throw them at Amazon to get them to move here just in case, lololol! And they did!

So then, which is it---------->

A. You handed the RICHEST liberal on the planet...…...the owner of Amazon, a BRIBE because he is a leftist?

or,

B. He was handed a tax break because it will improve New Yorks economy and income in the long run-)

or maybe

C. We are racists and homophobes for even asking you such a pertinent question, because you despise questions, for which any answer you give PROVES UNEQUIVICABLY you are a bunch of phony's-)

Winner winner chicken dinner

 

[Ted Frazier]

The federal government collected record taxes in October, breaking the previous record for taxes collected in the month of October. Gee, liberals swore to us that tax revenue would drop because of the Trump tax cuts.

Feds Collect Record Taxes in October; Still Run $100B Deficit

In fact, federal revenue was higher for FY 2018 than it was for FY 2017:

Trump Tax-Cut Results: Federal Revenues Hit All-Time Highs | Investor's Business Daily

Opinion | Tax Revenues Are Higher

But it would have been much higher without the tax cuts.

 

[ColonelAngus]

The federal government collected record taxes in October, breaking the previous record for taxes collected in the month of October. Gee, liberals swore to us that tax revenue would drop because of the Trump tax cuts.

Feds Collect Record Taxes in October; Still Run $100B Deficit

In fact, federal revenue was higher for FY 2018 than it was for FY 2017:

Trump Tax-Cut Results: Federal Revenues Hit All-Time Highs | Investor's Business Daily

Opinion | Tax Revenues Are Higher

Ahh, no!
Kudlow's claim that revenue has increased is based on the Congressional Budget Office's (CBO) most recent Monthly Budget Review, which shows that total federal tax revenue is 0.6 percent higher in the first 11 months of FY 2018 (October through August) than in the first 11 months of FY 2017. However, this nominal increase is well below the rate of inflation – meaning that the value of revenue collection has actually declined in real terms.
No, Really, Tax Revenue Has Not Risen

there's that left math again. 5 is not greater than 4. funny.

Not one fact to dispute my post. None, nothing, zippo!

About my resource:
The Committee for a Responsible Federal Budget (CRFB) is an independent, non-profit, bipartisan public policy organization based in Washington, D.C. that addresses federal budget and fiscal issues. It was founded in 1981 by former United States Representatives Robert Giaimo (D-CT) and Henry Bellmon (R-OK), and its board of directors includes former Members of Congress and directors of the Office of Management and Budget, the Congressional Budget Office and the Federal Reserve.[2]
Committee for a Responsible Federal Budget - Wikipedia

well you said there wasn't more revenue coming in and there is. not sure how else to tell you that when something is greater than, it's more than. 5 is greater than 4.

Really, it depends on the victim status of all 9 involved in your comparison.

 

[imawhosure]

The federal government collected record taxes in October, breaking the previous record for taxes collected in the month of October. Gee, liberals swore to us that tax revenue would drop because of the Trump tax cuts.

Feds Collect Record Taxes in October; Still Run $100B Deficit

In fact, federal revenue was higher for FY 2018 than it was for FY 2017:

Trump Tax-Cut Results: Federal Revenues Hit All-Time Highs | Investor's Business Daily

Opinion | Tax Revenues Are Higher

But it would have been much higher without the tax cuts.

Prove it!

 

[ColonelAngus]

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Here is our revenues on tax-cuts:

Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B

Monthly Treasury Statement

So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Just awesome.

Again, you didnt explain how a 14% tax cut DOUBLED the amount of tax collected.

Just explain the math, straight up. Walk us through it.

The left wing narrative was that we could collect LESS taxes as a result of a tax rate cut.

That doesnt seem to be happening, it was simply a bullshit political talking point.

It is happening, I posted the actual numbers already


Sent from my iPhone using USMessageBoard.com

Gotta laugh at the Leftist phony-e-baloneys, lol!

QUESTION-----------> LEFTISTS, explain how...…….wait for it...…..wait for it...….. the 2nd LARGEST liberal/leftist/Marxist, bastion state in this country known as New York, convinced the WEALTHIEST person in this country, to open his 2nd base within that states borders...….AKA, AMAZON?

Ummmmmmmmm, TAX BREAKS, to the tune of over 40,000 per employee!

Do you realize you people STAND FOR NOTHING, lol. One the one hand, you bitch that Republicans hand out taxbreaks to RICH corporations; then behind the scenes, you throw money at them to lure them into your state......you PHONY BALONEY's!

Your mantra is-----------> Tax breaks don't work...………..but lets throw them at Amazon to get them to move here just in case, lololol! And they did!

So then, which is it---------->

A. You handed the RICHEST liberal on the planet...…...the owner of Amazon, a BRIBE because he is a leftist?

or,

B. He was handed a tax break because it will improve New Yorks economy and income in the long run-)

or maybe

C. We are racists and homophobes for even asking you such a pertinent question, because you despise questions, for which any answer you give PROVES UNEQUIVICABLY you are a bunch of phony's-)

Liberals head will explode on Amazon getting billions in corporate welfare from NY.

 

[imawhosure]

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Here is our revenues on tax-cuts:

Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B

Monthly Treasury Statement

So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Just awesome.

Again, you didnt explain how a 14% tax cut DOUBLED the amount of tax collected.

Just explain the math, straight up. Walk us through it.

The left wing narrative was that we could collect LESS taxes as a result of a tax rate cut.

That doesnt seem to be happening, it was simply a bullshit political talking point.

It is happening, I posted the actual numbers already


Sent from my iPhone using USMessageBoard.com

Gotta laugh at the Leftist phony-e-baloneys, lol!

QUESTION-----------> LEFTISTS, explain how...…….wait for it...…..wait for it...….. the 2nd LARGEST liberal/leftist/Marxist, bastion state in this country known as New York, convinced the WEALTHIEST person in this country, to open his 2nd base within that states borders...….AKA, AMAZON?

Ummmmmmmmm, TAX BREAKS, to the tune of over 40,000 per employee!

Do you realize you people STAND FOR NOTHING, lol. One the one hand, you bitch that Republicans hand out taxbreaks to RICH corporations; then behind the scenes, you throw money at them to lure them into your state......you PHONY BALONEY's!

Your mantra is-----------> Tax breaks don't work...………..but lets throw them at Amazon to get them to move here just in case, lololol! And they did!

So then, which is it---------->

A. You handed the RICHEST liberal on the planet...…...the owner of Amazon, a BRIBE because he is a leftist?

or,

B. He was handed a tax break because it will improve New Yorks economy and income in the long run-)

or maybe

C. We are racists and homophobes for even asking you such a pertinent question, because you despise questions, for which any answer you give PROVES UNEQUIVICABLY you are a bunch of phony's-)

Liberals head will explode on Amazon getting billions in corporate welfare from NY.

Sure they will, because it PROVES that their own politicians don't believe a damn word they are saying! It is all smoke and mirrors. Hell, they should be INSISTING Amazon move in to HIGHER taxes for the GOOD of the people, right LEFTISTS? AND, Amazon SHOULD move in there, because supposedly, the owner is a huge LEFTIST who believes that nonsense too, lol!

NO THEY DON'T! They are all PHONY-E-BALONEY's! They know exactly what works, they just need the propaganda to convince the uninformed; correct leftists-)

 

[edward37]

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Here is our revenues on tax-cuts:

Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B

Monthly Treasury Statement

So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Just awesome.

Again, you didnt explain how a 14% tax cut DOUBLED the amount of tax collected.

Just explain the math, straight up. Walk us through it.

The left wing narrative was that we could collect LESS taxes as a result of a tax rate cut.

That doesnt seem to be happening, it was simply a bullshit political talking point.

It is happening, I posted the actual numbers already


Sent from my iPhone using USMessageBoard.com

Gotta laugh at the Leftist phony-e-baloneys, lol!

QUESTION-----------> LEFTISTS, explain how...…….wait for it...…..wait for it...….. the 2nd LARGEST liberal/leftist/Marxist, bastion state in this country known as New York, convinced the WEALTHIEST person in this country, to open his 2nd base within that states borders...….AKA, AMAZON?

Ummmmmmmmm, TAX BREAKS, to the tune of over 40,000 per employee!

Do you realize you people STAND FOR NOTHING, lol. One the one hand, you bitch that Republicans hand out taxbreaks to RICH corporations; then behind the scenes, you throw money at them to lure them into your state......you PHONY BALONEY's!

Your mantra is-----------> Tax breaks don't work...………..but lets throw them at Amazon to get them to move here just in case, lololol! And they did!

So then, which is it---------->

A. You handed the RICHEST liberal on the planet...…...the owner of Amazon, a BRIBE because he is a leftist?

or,

B. He was handed a tax break because it will improve New Yorks economy and income in the long run-)

or maybe

C. We are racists and homophobes for even asking you such a pertinent question, because you despise questions, for which any answer you give PROVES UNEQUIVICABLY you are a bunch of phony's-)

Liberals head will explode on Amazon getting billions in corporate welfare from NY.

Jealousy Night and day you torture me

 

[Harpy Eagle]

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Here is our revenues on tax-cuts:

Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B

Monthly Treasury Statement

So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Just awesome.

Again, you didnt explain how a 14% tax cut DOUBLED the amount of tax collected.

Just explain the math, straight up. Walk us through it.

The left wing narrative was that we could collect LESS taxes as a result of a tax rate cut.

That doesnt seem to be happening, it was simply a bullshit political talking point.

It is happening, I posted the actual numbers already


Sent from my iPhone using USMessageBoard.com

Gotta laugh at the Leftist phony-e-baloneys, lol!

QUESTION-----------> LEFTISTS, explain how...…….wait for it...…..wait for it...….. the 2nd LARGEST liberal/leftist/Marxist, bastion state in this country known as New York, convinced the WEALTHIEST person in this country, to open his 2nd base within that states borders...….AKA, AMAZON?

Ummmmmmmmm, TAX BREAKS, to the tune of over 40,000 per employee!

Do you realize you people STAND FOR NOTHING, lol. One the one hand, you bitch that Republicans hand out taxbreaks to RICH corporations; then behind the scenes, you throw money at them to lure them into your state......you PHONY BALONEY's!

Your mantra is-----------> Tax breaks don't work...………..but lets throw them at Amazon to get them to move here just in case, lololol! And they did!

So then, which is it---------->

A. You handed the RICHEST liberal on the planet...…...the owner of Amazon, a BRIBE because he is a leftist?

or,

B. He was handed a tax break because it will improve New Yorks economy and income in the long run-)

or maybe

C. We are racists and homophobes for even asking you such a pertinent question, because you despise questions, for which any answer you give PROVES UNEQUIVICABLY you are a bunch of phony's-)

Liberals head will explode on Amazon getting billions in corporate welfare from NY.

Used to people that called themselves conservatives were against such things, now it is all the rage among them.


Shows how far left they have moved

 

[kiwiman127]

The 12 month inflation is 2.7, the increase in revenue was .06. Deduct the inflation rate from the increase and you see a drop of 2.1% in revenue in using constant dollars.

 

[Harpy Eagle]

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Here is our revenues on tax-cuts:

Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B

Monthly Treasury Statement

So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.

Feds Collect Record Taxes in October; Still Run $100B Deficit

Yet Deficit increased because of SPENDING.

WE DO NOT HAVE A TAX PROBLEM, WE HAVE A SPENDING PROBLEM.


How did corporate taxes double YOY, yet Trump cut corporate tax rates?

LIBERALS LIE. They said Trump gave tax breaks to rich corportations.


THEY DOUBLED IN WHAT THEY PAID.

Corporation income tax receipts, however, were significantly higher this October than they were in October 2017. This year, the Treasury collected $8,000,000,000 in corporation income taxes in October. Last year, it collected $3,823,060,000 (in constant October 2018 dollars).

Business was already breaking records.

Only the greedy think of cutting taxes when corporations have so much money they have to figure out ways to spend it. And only minions follow such policies that are so obviously ridiculous.

Just awesome.

Again, you didnt explain how a 14% tax cut DOUBLED the amount of tax collected.

Just explain the math, straight up. Walk us through it.

The left wing narrative was that we could collect LESS taxes as a result of a tax rate cut.

That doesnt seem to be happening, it was simply a bullshit political talking point.

It is happening, I posted the actual numbers already


Sent from my iPhone using USMessageBoard.com

Gotta laugh at the Leftist phony-e-baloneys, lol!

QUESTION-----------> LEFTISTS, explain how...…….wait for it...…..wait for it...….. the 2nd LARGEST liberal/leftist/Marxist, bastion state in this country known as New York, convinced the WEALTHIEST person in this country, to open his 2nd base within that states borders...….AKA, AMAZON?

Ummmmmmmmm, TAX BREAKS, to the tune of over 40,000 per employee!

Do you realize you people STAND FOR NOTHING, lol. One the one hand, you bitch that Republicans hand out taxbreaks to RICH corporations; then behind the scenes, you throw money at them to lure them into your state......you PHONY BALONEY's!

Your mantra is-----------> Tax breaks don't work...………..but lets throw them at Amazon to get them to move here just in case, lololol! And they did!

So then, which is it---------->

A. You handed the RICHEST liberal on the planet...…...the owner of Amazon, a BRIBE because he is a leftist?

or,

B. He was handed a tax break because it will improve New Yorks economy and income in the long run-)

or maybe

C. We are racists and homophobes for even asking you such a pertinent question, because you despise questions, for which any answer you give PROVES UNEQUIVICABLY you are a bunch of phony's-)

The answer is a combination of A and B.

 

[Rustic]

The federal government collected record taxes in October, breaking the previous record for taxes collected in the month of October. Gee, liberals swore to us that tax revenue would drop because of the Trump tax cuts.

Feds Collect Record Taxes in October; Still Run $100B Deficit

In fact, federal revenue was higher for FY 2018 than it was for FY 2017:

Trump Tax-Cut Results: Federal Revenues Hit All-Time Highs | Investor's Business Daily

Opinion | Tax Revenues Are Higher

The federal government is like a meth addict... Fucks everything up

 

[AntonToo]

The 12 month inflation is 2.7, the increase in revenue was .06. Deduct the inflation rate from the increase and you see a drop of 2.1% in revenue in using constant dollars.

there was no increase in revenue since tax-cuts went into effects, not in real not in nominal terms.