Income Tax Revenues Are Up 9% This Year — Is Trump Tax Cut Paying For Itself?

[watchingfromafar]

Love watching all the nut job Demorats self destruct, fuckin clowns.

As long as foul mouth farts like 78 spend most of their time sitting on the toilet because they enjoy the aroma.,.\/.,., the Democrat party will do just fine.

 

[Nova78]

If the tax cuts are paying for themselves

Why is the deficit going up at $1 trillion a year?


OBAMA

 

[Nova78]

Love watching all the nut job Demorats self destruct, fuckin clowns.

As long as foul mouth farts like 78 spend most of their time sitting on the toilet because they enjoy the aroma.,.\/.,., the Democrat party will do just fine.

Case in point ,your a nut job, I love the fact you clowns are losing your mines, mindless sheeples

 

[nat4900]

f the tax cuts are paying for themselves

Why is the deficit going up at $1 trillion a year?

Voodoo economics???.............LOL

 

[AntonToo]

yes they are, just like we said they would

nothing to see here folks, move along

apocalypse incoming with Trump SCOTUS nominee, literally millions will DIE

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

Supply-Side Economics: Democrats scoffed at Republicans who said the Trump tax cuts would at least partially pay for themselves through higher economic growth. But it looks like the GOP had it right all along, as revenues climb.

The latest monthly budget report from the nonpartisan Congressional Budget Office finds that revenues from federal income taxes were $76 billion higher in the first half of this year, compared with the first half of 2017. That's a 9% jump, even though the lower income tax withholding schedules went into effect in February.

The CBO says the gain "largely reflects increases in wages and salaries."

For the fiscal year as a whole — which started last October — all federal revenues are up by $31 billion. That's a 1.2% in increase over last year, the CBO says.

The Treasury Department, which issues a separate monthly report, says it expects federal revenues will continue to exceed last year's for the rest of the 2018 fiscal year.

Stop spreading total bullshit.

Tax-cuts effectively started in Fedbruary and we've had revenues loss (instead of normal growth) each and every month except April, because in April people settled 2017 taxes.

Tax-cuts killing revenues is VERY obvious if you look at the reversal of the growth trend change:

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
Feb 18 - $16B
March 18 - $6B
May 18 - $23B

Monthly Treasury Statement

June revenues will be published tommrow.

 

[AntonToo]

yes they are, just like we said they would

nothing to see here folks, move along

apocalypse incoming with Trump SCOTUS nominee, literally millions will DIE

Income Tax Revenues Are Up 9% As Trump's Pro-Growth Tax Cuts Kick In

Supply-Side Economics: Democrats scoffed at Republicans who said the Trump tax cuts would at least partially pay for themselves through higher economic growth. But it looks like the GOP had it right all along, as revenues climb.

The latest monthly budget report from the nonpartisan Congressional Budget Office finds that revenues from federal income taxes were $76 billion higher in the first half of this year, compared with the first half of 2017. That's a 9% jump, even though the lower income tax withholding schedules went into effect in February.

The CBO says the gain "largely reflects increases in wages and salaries."

For the fiscal year as a whole — which started last October — all federal revenues are up by $31 billion. That's a 1.2% in increase over last year, the CBO says.

The Treasury Department, which issues a separate monthly report, says it expects federal revenues will continue to exceed last year's for the rest of the 2018 fiscal year.

Stop spreading total bullshit.

Tax-cuts effectively started in Fedbruary and we've had revenues loss (instead of normal growth) each and every month except April, because in April people settled 2017 taxes.

Tax-cuts killing revenues is VERY obvious if you look at the reversal of the growth trend change:

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
Feb 18 - $16B
March 18 - $6B
May 18 - $23B

Monthly Treasury Statement

June revenues will be published tommrow.

Time to update the trend:

Compared to same period in FY2017:

Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B