Corporate Tax Revenue Came In 31% Below Predictions, And It's Getting Worse

[Hutch Starskey]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Good. More money in the hands of people who make the economy work.

Good. More money in the hands of people who make the economy work.

Take a look at the tax rate, the size and buying power of the middleclass during the period to want to take us back to. When America was "great".

Spenders make the economy work. Not savers.

 

[imawhosure]

Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.

Obama also had quarters above 4 percent
Also a year of 2.9%

Trump is performing the same

Never hit 4%, you're a liar

In fact, growth in a single quarter had topped 4.2 percent four different times during the Obama administration.

Trump and GOP promised economic growth much better than Obama's. That's not what happened

Do you realized how stupid calling someone a liar is when you could easily look it up?

It's like the drooling retarded guy who is sucking his thumb in the corner calling someone else a moron.

CNBC, yeah you run with that kid.
The problem you have is that you think that Rump is any different than Barry

OMG!

You think respected news organizations are liars, but Newsmax, Infowars, Fox and Brietbart are a honest sources of news.

Amazing.

while economic activity still humming along its not a bad thing .....save the panic for your
avocados.

Time to slash spending.

Imagine if we had a lean n mean government along with it bloated useless bureaucracies that Actually served the people.
The savings alone would be just friggin spectacular!...no more 40 million on lobster shrimp and cocktails either
god help us

Slash spending across the board from military to completely cutting of illegals access to any services

while economic activity still humming along its not a bad thing .....save the panic for your
avocados.

Time to slash spending.

Imagine if we had a lean n mean government along with it bloated useless bureaucracies that Actually served the people.
The savings alone would be just friggin spectacular!...no more 40 million on lobster shrimp and cocktails either
god help us

Slash spending across the board from military to completely cutting of illegals access to any services

I see tons and tons of little things like why does WH have a spokesperson for Melania? One for DJT? 28 assistants for Michelle? Salaries near $100K? With a 2.5X multiplier that is tens of millions. Probably Billions of that throughout DC in every department. $22T and they still have parties, travel, staff, seminars....on and on. I would find a way to cut it to bare essintials or die trying. Then salary cut, layoffs, garage sales.

Leftists are economic incompetents, plain and simple.

Actually they think WE are, as they try and spin propaganda like a top!

QUESTION-----------> Who actually makes money, the private sector, or the government?
ANSWER------------->The private sector. All the government does is--------->take a % of what they make, for their own use.
QUESTION-----------> And what does the private sector use to create profits?
ANSWER-------------> The money they generate in PROFITS are used to expand, or create new product lines.
QUESTION----------> Does government activity overall create ANY profit as far as monetary?
ANSWER-------------> No, that is why government is 22 trillion in the hole. In essence, they are like a leech that must suck profits from the private sector, to keep itself alive. In fact, every dollar they divert from the private sector into the government sector, slooooooows growth, because money is the impetus to fuel growth in the private sector!
QUESTION---------->Why are Leftists so bassackwards on taxes?
ANSWER------------>They aren't, they know that 10% of a billion is more than 50% of a million, but they must play the FAIRNESS card to keep their base on the reservation. They want to insinuate that S.S. and Medicare along with other government programs, are SOCIALIST, but what they forget to tell you is------->the operating capital to FUND these programs, are SUCKED from the capitalistic private sector, meaning...…….without capitalism funding THEIR SOCIALIST TENDENCIES, it would all collapse.
QUESTION---------> Am I sure?
ANSWER------------>100%! The more SOCIALISTIC redistribution we have done, the more debt we have added. Take out the wars we have fought, and look at a graph minus the war spending. Now look at where S.S. was put in, medicare, and then the great society programs, and notice the defict and national debt line. The further we have drifted Left, the more debt we have accrued. And yet, by the same token, look at the private sector, and what happened after the Kennedy, Reagan, GW, and Trump tax cuts...….and all of those are encouraging capitalism!

The bottomline is simple------------->every dollar we take from the private sector and give to the government, is a dollar that will never grow, and in fact, LOSE value! The more we transfer to the government, the slower our economy grows. It is just an economic fact! If government created wealth, then everyone could just work for the government, but we all know that if we tried that, within 3 to 5 months, we would be bankrupt!

So the fact is-------->since every dollar they take LOSES value, they should do everything in their power to CUT spending. Every expert agree that our government could easily lop off 5% today, and we would never even see it, if they just did a little streamlining. And yet each and every time a spending cut is suggested, politicians come out with, "people will die!"

It is all phony baloney, and both party's come on here and defend their sacred cows, to keep support in public for their favorite spending programs.

 

[Wyatt earp]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Good. More money in the hands of people who make the economy work.

Good. More money in the hands of people who make the economy work.

Take a look at the tax rate, the size and buying power of the middleclass during the period to want to take us back to. When America was "great".

Spenders make the economy work. Not savers.

Why does your Ilk keep trying to drag us back to the 1950's before the civil Rights acts was passed?

 

[Hutch Starskey]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Good. More money in the hands of people who make the economy work.

Good. More money in the hands of people who make the economy work.

Take a look at the tax rate, the size and buying power of the middleclass during the period to want to take us back to. When America was "great".

Spenders make the economy work. Not savers.

Why does your Ilk keep trying to drag us back to the 1950's before the civil Rights acts was passed?

LOL...
Tell us when America was great, dope.

 

[deanrd]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Good. More money in the hands of people who make the economy work.

Good. More money in the hands of people who make the economy work.

Take a look at the tax rate, the size and buying power of the middleclass during the period to want to take us back to. When America was "great".

Spenders make the economy work. Not savers.

Why does your Ilk keep trying to drag us back to the 1950's before the civil Rights acts was passed?

LOL...
Tell us when America was great, dope.

It’s always been great, it just hasn’t been perfect. But right wingers are working to destroy it. With their racism and their hatred and their terrible and bad behavior.

 

[Wyatt earp]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Good. More money in the hands of people who make the economy work.

Good. More money in the hands of people who make the economy work.

Take a look at the tax rate, the size and buying power of the middleclass during the period to want to take us back to. When America was "great".

Spenders make the economy work. Not savers.

Why does your Ilk keep trying to drag us back to the 1950's before the civil Rights acts was passed?

LOL...
Tell us when America was great, dope.

Lol once again why do you want to keep dragging us back into the 1950s before a republican signed into law the EPA, you want the Ohio River on fire again?


.

 

[xband]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Good. More money in the hands of people who make the economy work.

Good. More money in the hands of people who make the economy work.

Take a look at the tax rate, the size and buying power of the middleclass during the period to want to take us back to. When America was "great".

Spenders make the economy work. Not savers.

Why does your Ilk keep trying to drag us back to the 1950's before the civil Rights acts was passed?

LOL...
Tell us when America was great, dope.

Lol once again why do you want to keep dragging us back into the 1950s before a republican signed into law the EPA, you want the Ohio River on fire again?


.

The Ohio River never caught on fire and that was the Cuyahoga River in 1969.

 

[Papageorgio]

Funny how happy the left gets when thing go bad for America right now.

 

[Hutch Starskey]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Good. More money in the hands of people who make the economy work.

Good. More money in the hands of people who make the economy work.

Take a look at the tax rate, the size and buying power of the middleclass during the period to want to take us back to. When America was "great".

Spenders make the economy work. Not savers.

Why does your Ilk keep trying to drag us back to the 1950's before the civil Rights acts was passed?

LOL...
Tell us when America was great, dope.

Lol once again why do you want to keep dragging us back into the 1950s before a republican signed into law the EPA, you want the Ohio River on fire again?

You've mentioned that time twice now. I have not. Is that when America was great?

 

[Issa]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

And trump still added trillions to the debt. Money he doesnt have.

 

[Papageorgio]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

GOOD NEWS,,,

anytime a person or company gets to keep more of their own money and the government gets less is a good thing,,

And trump still added trillions to the debt. Money he doesnt have.

Again, each President has added to the debt, in that respect Trump is no different than any other President. Suck it up you lost!

 

[Harpy Eagle]

Sorry to present the whole story for 2018.


Trump Tax-Cut Results: Federal Revenues Hit All-Time Highs | Investor's Business Daily

Did you actually read the article?

This part was kind of embarrassing:

Overall, federal revenues came in slightly higher in FY 2018 — up 0.5%.

Spending, on the other hand, was $127 billion higher in fiscal 2018. As a result, deficits for 2018 climbed $113 billion.

Where is the good news?

Worse, as you read the article, you realize it's an opinion piece. With a LOT of speculation.

Yup. We need to cut spending. We all agree with that on the Conservative side.

And yet the Conservative side never votes for a fiscal conservative.

 

[Harpy Eagle]

When did GDP hit 4% for the first time in a decade?! I must have missed that news

Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.

Obama also had quarters above 4 percent
Also a year of 2.9%

Trump is performing the same

Never hit 4%, you're a liar

Obama had quarters over 4%. Stop making a fool out of yourself


Sent from my iPhone using USMessageBoard.com

Obama had quarters over 4%. Stop making a fool out of yourself

Musta been the $10T stimulus. Shovel ready, to shovel into unions and Dem coffers.

No doubt that helped. Which is why Trump added more than a trillion himself trying to get the elusive "greater than 3%"...but failed.

 

[Picaro]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Has litle to do with 'Republican tax cuts', since most big companies can keep profits overseas and free from taxes for a long time, if not permanently, since no one can audit their accounts overseas. Off-shoring is the big tax dodge, everything else is peanuts, and Democrats love Red China as much as Bill Gates, Apple, and GE does.

Left wingers get their base to blame evul domestic businesses, right wingers get their base to babble about 'socialism', both are just as stupid and vote for cutting their own throats.

 

[Picaro]

Deficits' just means the tariffs aren't nearly high enough to cover the losses off-shoring has milked from the domestic tax base.

 

[ThunderKiss1965]

I would love for you to show me where the welfare program is in the constitution???

taxs are for paying operating cost,bills and debt not handouts to one group of people from another,,,,

So would you say that the VA is unconstitutional?

I see you have trouble sticking to the topic,,,

kool-aid has a tendency to cause that,,,

I’m on subject, just had a quick question to see where you draw the line. Why don’t you answer it. Looks like youre dodging.

I did answer,,,

where in the constitution does that authority exist???

my line when we are talking about the feds is the constitution,,,

Ok then so you would consider the VA unconstitutional, right?

The Federal Government is required by the Constitution to provide a military. Compensation for disabilities due to military service can not be considered unconstitutional.

 

[progressive hunter]

thanks for your opinion,,,but it means nothing to those that go to jail or killed for it,,,

If they go to jail then they broke the law. I don’t know who gets killed for not paying taxes so that sounds like more hyperbole to me

what if they choose not to go to jail???

If they break the law, are convicted of a crime, and sentenced to jail then that’s where they go. You’re digging yourself into a hole. Give up on this silly argument of yours and try honest conversation for a change

that was honest,,,

Calling legal taxation robbery isn’t honest. You defend funding the military because it’s in the constitution but then refer to taxation as robbing the rich. No that’s not honest. It is hypocritical

have you always been a ******* moron or is it something new youre trying???

I never said that,,

 

[progressive hunter]

key word being military,,,

if youre going to go that route,,all government pensions are illegal,,,

I’m not going that route, I'm questioning your logic. So green light pensions and VA care because they are for government employees and military... I’m guessing infrastructure is unconstitutional in your mind, is that correct?

I never said that,,,

unless you can show me where in the constitution that resides,,,

That all depends on how you define General welfare” doesn’t it?

stealing from the majority to give to a minority is not in the general welfare,,,

Take your blessed freedom and make enough so you don't give a shit about those pennies or STFU. Only a true asshole would shit on those less fortunate less themselves.

I'm not shiting on anyone,,,just leaving them alone to live their life

its them that is shitting on me by stealing my hard earned money,,,

 

[progressive hunter]

Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Good. More money in the hands of people who make the economy work.

Good. More money in the hands of people who make the economy work.

Take a look at the tax rate, the size and buying power of the middleclass during the period to want to take us back to. When America was "great".

Spenders make the economy work. Not savers.

Why does your Ilk keep trying to drag us back to the 1950's before the civil Rights acts was passed?

LOL...
Tell us when America was great, dope.

Lol once again why do you want to keep dragging us back into the 1950s before a republican signed into law the EPA, you want the Ohio River on fire again?


.

the EPA had nothing to do with solving that problem,,

 

[Wry Catcher]

Time to slash spending.

Simple Simon speaks ^^^