Tax cut benefits

Discussion in 'Politics' started by Avatar4321, Feb 13, 2018.

  1. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    so first month the tax cuts have been in play and lo and behold the treasury collected more in taxes.

    Who would have thought cutting taxes would raise revenues? I mean other than everyone who understands economics
     
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  2. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /----/ Can you please post the source. Thank you
     
  3. Moonglow
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    Moonglow Diamond Member

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    How do you get last month's revenue on a tax cut bill last month?
     
  4. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Heard it on the news. Haven’t found the report online yet
     
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  5. JoeMoma
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    JoeMoma Gold Member

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    I certainly hope that's the way it works out.

    Will a tax cut always result in an increase in tax revenue... I say no!
    Will a tax cut sometimes result in an increase in tax revenue... I say yes!

    That being said, I'm happy to be keeping more of my own money. But I don't know how much longer we can continue to add to the debt.
     
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  6. jc456
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    jc456 Diamond Member

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    it's the way it always works out. it's the little secret dems hate so much and why they are always against them. Dems want to take down this country. look at them ewwing over the NK sister, a sister who's brother aims nukes at the US and they are in ahhh of her. LOL. what a bunch of treasonous beings.
     
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  7. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /----/ What confuses me is the dems non stop rant that the rich need to pay their fair share. Then Trump's tax cuts go in effect that limits the rich's property taxes to $10k and the democRAT governors in blue states look for ways to shield the rich from these tax cuts.
    From income taxes to payroll taxes: What to know about Cuomo's plan
    ALBANY - The Cuomo administration on Monday proposed a new payroll tax system and a charitable contribution program to shield New Yorkers who will be limited in how much they can deduct in state and local taxes.

    The major overhaul has been discussed by Gov. Andrew Cuomo for weeks after the federal government in December limited state and local tax deductions to $10,000 a year.

    Cuomo has railed against the deduction cap, saying it unfairly targets high-tax states like New York and hurts the state's tax base. New York and neighboring states are also planning to sue over the federal law.
     
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  8. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Obviously no it doesn’t always. Cut taxes to zero and it’s zero no matter how the economy grew
     
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  9. Golfing Gator
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    Golfing Gator Gold Member

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    Well except for the fact the cuts had not been implemented till at best till then end of the month it is hard to tie them to the increase in revenue, which rally was not all that great. Last Jan saw a larger percent of growth


    Sent from my iPhone using USMessageBoard.com
     
  10. Thinker101
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    Thinker101 Gold Member

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    Hope you let them know at CBS.
    Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January
     

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