US Government Collects a Record $1,521,589,000,000 in Individual Income Taxes in First Eleven Months

Discussion in 'Politics' started by Markle, Sep 14, 2018 at 10:21 PM.

  1. Markle
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    Markle Gold Member Gold Supporting Member Supporting Member

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    Proof the tax cuts are working with record revenues. Strange how the debt didn't faze the Democrats or Progressives for eight straight years. Now we have more job openings than workers and they are still whining. Their desperation continues as the economy is blazing!

    Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit
    By Terence P. Jeffrey | September 13, 2018, | 5:06 PM EDT

    (CNSNews.com) - The federal government collected a record $1,521,589,000,000 in individual income taxes through the first eleven months of fiscal 2018 (October 2017 through August 2018), according to the Monthly Treasury Statement released today.

    [​IMG]

    Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit
     
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  2. Crepitus
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    Crepitus Gold Member

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    You left out a few details. The first 3 months were pre tax cuts and that's where the increase comes from. The rest are below average. Also tRump had to give tax cuts that ran the deficit up to $900 billion to get an increase of $60 billion. Which is ridiculous.
     
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  3. McRocket
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    McRocket VIP Member

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  4. caddo kid
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    caddo kid BANNED

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    SO, why in Hell is the DEFICIT GOING UP?

    LOFL
     
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  5. g5000
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    g5000 Diamond Member

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    Here's a secret your propagandists didn't tell you: Revenues increase when taxes are raised, too.

    Your propagandists give you that "tax cuts increase revenues" shit to parrot so you don't notice Trump is ACCELERATING OUR DEBT.

    Go ahead. See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

    Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.

    Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?

    Notice how tax revenues INCREASED after the tax rates went UP:

    • FY 2000 - $2.03 trillion
    • FY 1999 - $1.82 trillion.
    • FY 1998 - $1.72 trillion.
    • FY 1997 - $1.58 trillion.
    • FY 1996 - $1.45 trillion.
    • FY 1995 - $1.35 trillion.
    • FY 1994 - $1.26 trillion.
    • FY 1993 - $1.15 trillion.
    • FY 1992 - $1.09 trillion.
    • FY 1991 - $1.05 trillion.


    Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!

    And after the Bush tax cut expired on the top marginal rate, federal revenues continued to increase.

    Care to keep playing?
     
  6. g5000
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    g5000 Diamond Member

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    Obama raised taxes and the Dow climbed and climbed and climbed. And the unemployment rate dropped and dropped and dropped. Trump was elected on third base, and you dumb shits think he hit a triple.

    Clinton raised taxes and 30 million jobs were created and the economy boomed.

    You idiots have been brainwashed. You parrot bullshit lies and half truths. You stopped thinking for yourselves decades ago.
     
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  7. g5000
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    g5000 Diamond Member

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    Meanwhile, Trump is massively exploding deficits. The GOP has been INCREASING DEFICITS since taking control of Congress, and the DEBT HAS BEEN ACCELERATING since Trump took office.

    I wonder why not a single pseudocon has started a topic to talk about Trump's exploding debt which is far outpacing the growth in revenues.

    After eight years of non-stop whining about Obama's debt, and NEVER talking about Obama's increasing revenues, the pseudocons now do a 180 and shout from the rooftops about rising revenues and not a peep about the debt skyrocketing.


    The topic starter REEKS of hypocrisy.
     
  8. g5000
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    g5000 Diamond Member

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    Got that, tards? The debt is rising faster than the revenues.

    Think on that.

    The amount of money we are borrowing is rising faster than the amount of revenues coming in.

    And you dipshits are walking around with hard-ons.

    Jesus!
     
  9. P@triot
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    P@triot Diamond Member

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    Watching you completely lose your shit over the reality that conservative policy has ushered in an era of unprecedented prosperity is priceless. :laugh:
     
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  10. P@triot
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    P@triot Diamond Member

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    Oh G-string...listening to you attempt to rewrite history is comical (in that three monkeys fucking a football kind of way). The fact is - MaObama and the Dumbocrats inherited an unemployment rate of 7.x%. They took it to over 10% after passing their idiotic (and unconstitutional) “stimulus package” (which they ‘promised’ would prevent unemployment from even hitting 8%!!!). You dumb, mindless minion.

    We didn’t see the unemployment rate start to “drop and drop and drop” until after 2010 mid-term “shellacking” (MaObama’s own word). Once Republicans took over the House and an overwhelming majority of states, counties, and cities, and implement proven conservative policy - everything started to turn around. It’s only gotten better and better as conservatives have gained control of everything.
     
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    Last edited: Sep 14, 2018 at 11:39 PM

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