Federal Tax Revenues Rose 9% in 2014

[Toro]

Revenues rose 9% to $3.021 trillion in fiscal year 2014, thanks to healthy growth in the taxable income of households and businesses. Higher payroll and income-tax rates that went into effect in early 2013 also helped to buoy revenue.

http://online.wsj.com/articles/u-s-...rrows-to-lowest-level-in-six-years-1413385493

 

[oldfart]

Revenues rose 9% to $3.021 trillion in fiscal year 2014, thanks to healthy growth in the taxable income of households and businesses. Higher payroll and income-tax rates that went into effect in early 2013 also helped to buoy revenue.

http://online.wsj.com/articles/u-s-...rrows-to-lowest-level-in-six-years-1413385493

All the WSJ does is report the Monthly Budget Review from CBO and sometimes add editorial comment. The CBO report is at http://www.cbo.gov/sites/default/files/cbofiles/attachments/49450-MBR.pdf

 

[EdwardBaiamonte]

Revenues rose 9% to $3.021 trillion in fiscal year 2014, thanks to healthy growth in the taxable income of households and businesses. Higher payroll and income-tax rates that went into effect in early 2013 also helped to buoy revenue.

http://online.wsj.com/articles/u-s-...rrows-to-lowest-level-in-six-years-1413385493

far more importantly, think how much personal income would have risen if the economy was growing at 5% a year the way it would have under Republican capitalism!