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

[Markle]

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.

Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit

 

[Crepitus]

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.

 

[McRocket]

They also spend the most in one month IN HISTORY.

US Government Spends A Record $433 Billion In One Month As Deficit Explodes

 

[caddo kid]

SO, why in Hell is the DEFICIT GOING UP?

LOFL

 

[g5000]

Proof the tax cuts are working with record revenues.

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?

 

[g5000]

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.

 

[g5000]

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.

 

[g5000]

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!

 

[P@triot]

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!

Watching you completely lose your shit over the reality that conservative policy has ushered in an era of unprecedented prosperity is priceless.

 

[P@triot]

Obama raised taxes and the Dow climbed and climbed and climbed. And the unemployment rate dropped and dropped and dropped.

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.

 

[g5000]

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!

Watching you completely lose your shit over the reality that conservative policy has ushered in an era of unprecedented prosperity is priceless.

Watching Trump turn you pseudocons into Keynesians is priceless.

 

[P@triot]

Proof the tax cuts are working with record revenues.

Here's a secret your propagandists didn't tell you: Revenues increase when taxes are raised, too.
Too? As in...also? Whether you like it or not, you just admitted that cutting taxes increases revenues to the federal government. So if it puts more money in the pocket of the government you need to coddle, care, and provide for you while simultaneously putting more money into the pockets of the American people, why wouldn’t you choose that route? Talk about a win-win.
[QUOTE="g5000, post: 20781290, member: 34052"Care to keep playing?

Absolutely! I love making you my personal bitch on USMB! You must enjoy it as well as you’ve allowed me to do it for years now.

 

[P@triot]

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!

Watching you completely lose your shit over the reality that conservative policy has ushered in an era of unprecedented prosperity is priceless.

Watching Trump turn you pseudocons into Keynesians is priceless.

Watching you pretend like free market policy is “Keynesian policy” is as funny as it is idiotic.

 

[g5000]

Obama raised taxes and the Dow climbed and climbed and climbed. And the unemployment rate dropped and dropped and dropped.

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”.

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.

Oh I see. You are actually retarded enough that you bleev the bleeding of 600,000 jobs a month was supposed to instantly halt the day Obama took office

Huh! How about that? Your idiocy never seems to hit bottom!

 

[P@triot]

Obama raised taxes and the Dow climbed and climbed and climbed. And the unemployment rate dropped and dropped and dropped.

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”.

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.

Oh I see. You are actually retarded enough that you bleev the bleeding of 600,000 jobs a month was supposed to instantly halt the day Obama took office

Huh! How about that? Your idiocy never seems to hit bottom!

Is that the best you’ve got? I slap you upset your stupid head with fact and all you have is a tantrum and a weak personal insult?

Conservative policy would have stopped the “bleeding” in the first hour of taking office. In fact, it did. The panic stopped once the results of the elections were finalized and the Americans people saw that the adults would be in charge again.

 

[C_Clayton_Jones]

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.

Conservatives excel at leaving out details – in other works, lying.

 

[Markle]

Proof the tax cuts are working with record revenues.

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?

The purpose of a two-decade old chart is what?

 

[Markle]

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.

Thanks to the dot.com bubble. Then President Clinton handed a recession over to President Bush. As you know, President Clinton is also responsible for the explosion in the pay packages of CEO's.

 

[DOTR]

Democrats say that's not enough. They need more or we are all gonna die.

We are literally dealing in trillions...and it is not enough for them. An insatiable bunch. How much would enough be I wonder?

 

[BluesLegend]

SO, why in Hell is the DEFICIT GOING UP?

LOFL

Because Democrats oppose spending cuts, they squeal like a stuck pig if you even mention spending cuts.