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

[Harpy Eagle]

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

Once again the Trump sheep prove they are brainless.

The tax cuts were not in place for Oct, Nov or Dec.

Since the tax cuts kicked in, revenue has been less than the previous year 6 out of the 8 months and the total Jan-Aug is less than it was Jan-Aug of 2017. For the time period since the tax cuts kicked in we are $9,726,000,000 behind the same period in 2017.

This includes a record setting April that was fueled by people like me paying the remainder of their 2017 tax burden that was not covered by payroll deductions.

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0818.pdf

 

[caddo kid]

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.

The 115th US Congress is majority GOP, The House & The Senate.
Blame the assholes; not the Dems.

 

[Darkwind]

SO, why in Hell is the DEFICIT GOING UP?

LOFL

Because they are spending too much.

Wow, just how fucking stupid are you?

No, don't answer that. You'll take it as a challenge and try to top the stupidity you just posted.

 

[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

Once again the Trump sheep prove they are brainless.

The tax cuts were not in place for Oct, Nov or Dec.

Since the tax cuts kicked in, revenue has been less than the previous year 6 out of the 8 months and the total Jan-Aug is less than it was Jan-Aug of 2017. For the time period since the tax cuts kicked in we are $9,726,000,000 behind the same period in 2017.

This includes a record setting April that was fueled by people like me paying the remainder of their 2017 tax burden that was not covered by payroll deductions.

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0818.pdf

Very true, so next year the revenues will be even higher.

 

[Harpy Eagle]

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

Once again the Trump sheep prove they are brainless.

The tax cuts were not in place for Oct, Nov or Dec.

Since the tax cuts kicked in, revenue has been less than the previous year 6 out of the 8 months and the total Jan-Aug is less than it was Jan-Aug of 2017. For the time period since the tax cuts kicked in we are $9,726,000,000 behind the same period in 2017.

This includes a record setting April that was fueled by people like me paying the remainder of their 2017 tax burden that was not covered by payroll deductions.

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0818.pdf

Very true, so next year the revenues will be even higher.

No, they will be lower just like they have been lower since Jan since people are not paying as much taxes. What in the world makes you think they will be higher?

 

[my2¢]

With the lower unemployment rate it shouldn't come as a surprise that taxes on personal incomes (wages) are up. After all, that portion of tax reform was peanuts compared to the cuts corporations got.

 

[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

Once again the Trump sheep prove they are brainless.

The tax cuts were not in place for Oct, Nov or Dec.

Since the tax cuts kicked in, revenue has been less than the previous year 6 out of the 8 months and the total Jan-Aug is less than it was Jan-Aug of 2017. For the time period since the tax cuts kicked in we are $9,726,000,000 behind the same period in 2017.

This includes a record setting April that was fueled by people like me paying the remainder of their 2017 tax burden that was not covered by payroll deductions.

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0818.pdf

Very true, so next year the revenues will be even higher.

No, they will be lower just like they have been lower since Jan since people are not paying as much taxes. What in the world makes you think they will be higher?

Gross Domestic Product.

 

[Markle]

With the lower unemployment rate it shouldn't come as a surprise that taxes on personal incomes (wages) are up. After all, that portion of tax reform was peanuts compared to the cuts corporations got.

Specifically, who pays corporate income taxes?

 

[BILLSANDS]

if they could tax cheats to pay up you'd pay less

 

[Markle]

if they could tax cheats to pay up you'd pay less

What is that supposed to mean?

 

[BILLSANDS]

they need to take more

 

[Harpy Eagle]

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

Once again the Trump sheep prove they are brainless.

The tax cuts were not in place for Oct, Nov or Dec.

Since the tax cuts kicked in, revenue has been less than the previous year 6 out of the 8 months and the total Jan-Aug is less than it was Jan-Aug of 2017. For the time period since the tax cuts kicked in we are $9,726,000,000 behind the same period in 2017.

This includes a record setting April that was fueled by people like me paying the remainder of their 2017 tax burden that was not covered by payroll deductions.

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0818.pdf

Very true, so next year the revenues will be even higher.

No, they will be lower just like they have been lower since Jan since people are not paying as much taxes. What in the world makes you think they will be higher?

Gross Domestic Product.

That is the lie that they feed you.

You seem pretty sure of yourself, you willing to make a little wager on this?

 

[mikegriffith1]

Yeap, just as I and many economists and financial experts predicted would happen. When you make business cheaper to conduct and put more money back in consumers' pockets and let businesses keep more of their profits, you get a sizable bump in economic activity, and that sizable bump leads to an increase in federal revenue even though the tax rates are lower. Every single major tax cut since the early 1900s has been followed by a substantial increase in federal revenue.

The Facts About Tax Cuts, Revenue, and Growth

 

[Harpy Eagle]

Yeap, just as I and many economists and financial experts predicted would happen. When you make business cheaper to conduct and put more money back in consumers' pockets and let businesses keep more of their profits, you get a sizable bump in economic activity, and that sizable bump leads to an increase in federal revenue even though the tax rates are lower. Every single major tax cut since the early 1900s has been followed by a substantial increase in federal revenue.

The Facts About Tax Cuts, Revenue, and Growth

Trump's tax cuts have produced this... revenue has been less than the previous year 6 out of the 8 months and the total Jan-Aug is less than it was Jan-Aug of 2017. For the time period since the tax cuts kicked in we are $9,726,000,000 behind the same period in 2017. Trump's tax cuts so far have cut revenue, not grown it.

What your bullshit article leaves out is how fast revenue was growing prior to the tax cuts.



The 10 years leading up to the Reagan tax cuts tax revenue grew at a rate of 12.41%, the 10 years after they grew at a rate of 5.68%. The tax cuts slowed tax revenue growth.

The 5 year leading up to the Bush II tax cuts revenue grew at a rate of 6.61%, the 5 years after revenue grew at a rate of 1.87%. The tax cuts slowed revenue growth, like they always do.

 

[my2¢]

With the lower unemployment rate it shouldn't come as a surprise that taxes on personal incomes (wages) are up. After all, that portion of tax reform was peanuts compared to the cuts corporations got.

Specifically, who pays corporate income taxes?

According to the tax code, corporations are responsible for payment. Tax reform made cut the corporate rate permanent while the separate tax rate cuts for individuals are temporary.

 

[Preacher]

They also spend the most in one month IN HISTORY.

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

Then tell your democrap represenatives to get with the program and toss all the illegals out of the country!

 

[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

Once again the Trump sheep prove they are brainless.

The tax cuts were not in place for Oct, Nov or Dec.

Since the tax cuts kicked in, revenue has been less than the previous year 6 out of the 8 months and the total Jan-Aug is less than it was Jan-Aug of 2017. For the time period since the tax cuts kicked in we are $9,726,000,000 behind the same period in 2017.

This includes a record setting April that was fueled by people like me paying the remainder of their 2017 tax burden that was not covered by payroll deductions.

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0818.pdf

Very true, so next year the revenues will be even higher.

No, they will be lower just like they have been lower since Jan since people are not paying as much taxes. What in the world makes you think they will be higher?

Gross Domestic Product.

That is the lie that they feed you.

You seem pretty sure of yourself, you willing to make a little wager on this?

Not a gambler. The only thing I ever gambled money on was something I controlled.

The answer is still, GDP.

 

[Markle]

With the lower unemployment rate it shouldn't come as a surprise that taxes on personal incomes (wages) are up. After all, that portion of tax reform was peanuts compared to the cuts corporations got.

Specifically, who pays corporate income taxes?

According to the tax code, corporations are responsible for payment. Tax reform made cut the corporate rate permanent while the separate tax rate cuts for individuals are temporary.

You dodged the question which is to be expected from Progressives. Once again, for your convenience, Specifically, who pays corporate income taxes? Where does the money come from?

As for the tax cuts for individuals, Democrats prevented making them permanent. They want more of my money. Shameful.

 

[Harpy Eagle]

Once again the Trump sheep prove they are brainless.

The tax cuts were not in place for Oct, Nov or Dec.

Since the tax cuts kicked in, revenue has been less than the previous year 6 out of the 8 months and the total Jan-Aug is less than it was Jan-Aug of 2017. For the time period since the tax cuts kicked in we are $9,726,000,000 behind the same period in 2017.

This includes a record setting April that was fueled by people like me paying the remainder of their 2017 tax burden that was not covered by payroll deductions.

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0818.pdf

Very true, so next year the revenues will be even higher.

No, they will be lower just like they have been lower since Jan since people are not paying as much taxes. What in the world makes you think they will be higher?

Gross Domestic Product.

That is the lie that they feed you.

You seem pretty sure of yourself, you willing to make a little wager on this?

Not a gambler. The only thing I ever gambled money on was something I controlled.

The answer is still, GDP.

We could not do money anyhow, no way to pay it off. There are other options if you have the strength of your convictions to do so.

 

[my2¢]

With the lower unemployment rate it shouldn't come as a surprise that taxes on personal incomes (wages) are up. After all, that portion of tax reform was peanuts compared to the cuts corporations got.

Specifically, who pays corporate income taxes?

According to the tax code, corporations are responsible for payment. Tax reform made cut the corporate rate permanent while the separate tax rate cuts for individuals are temporary.

You dodged the question which is to be expected from Progressives. Once again, for your convenience, Specifically, who pays corporate income taxes? Where does the money come from?

As for the tax cuts for individuals, Democrats prevented making them permanent. They want more of my money. Shameful.

More accurately you're either confused or refuse to understand that individual and corporate taxes are two different things.