Tax Revenues Jump 13% To Record High In April — When Will Dems Admit They Were Wrong?

[JakeStarkey]

How much did the deficit grow?

You mean under Obama? He added $7.917 trillion, a 68 percent increase, in seven years.

-Geaux

Considering Obama did not get his first budget until his 7th year, you better go look again.

 

[bripat9643]

The point you are trying so desperately to ignore is that revenues this April were higher than revenues last April. According to the leftwing alternate theory of realty, tax revenues should have been lower.

again, they went up because of increases in payments in April, which doesn't count the Trump Tax Giveaways...

It's because taxes were filed from last year.

Yes, we know why April revenues are greater than March revenues. What you can't explain is why April 2018 revenues are greater than April 2017 revenues. According to the taxation theories supported by all you dumbass snowflakes, they should have been less.

 

[bripat9643]

People pay their taxes all year long, dumbass. what they do in April is file their taxes, which means they calculate how much they were actually obligated to pay than then either pay the balance if they didn't pay enough or get a refund if they paid too much.

Which is why you miss the point.
Tax revenues are lowest in February- that's when people get their refund checks.

Tax revunues are high in April, that's when those of us who have to pay money do so.

Again, I just have to conclude you aren't very smart.

The point you are trying so desperately to ignore is that revenues this April were higher than revenues last April. According to the leftwing alternate theory of realty, tax revenues should have been lower.

Salaries were stagnant in 2016 and 2007
The stock market was much higher in 2017than 2016

For the Trump tax cuts to increase revenue 13 percent in just one quarter, wages would have had to go up 52 percent

Wages aren't the only source of taxes or income, moron. No matter how you try to spin it, snowflake theories of doom and gloom about the Trump tax cut are obviously false.

No shit Fingerboy

I have already accounted for the 2017 stock gains

You can’t account for Trumps tax giveaway raising revenue

Pretending to be stupid is not a convincing debate strategy.

 

[bripat9643]

The point you are trying so desperately to ignore is that revenues this April were higher than revenues last April. According to the leftwing alternate theory of realty, tax revenues should have been lower.

again, they went up because of increases in payments in April, which doesn't count the Trump Tax Giveaways...

It's because taxes were filed from last year.

That happens every year, dumbass. Explain why April 2018 revenue was creater than April 2017 revenue.

 

[rightwinger]

The point you are trying so desperately to ignore is that revenues this April were higher than revenues last April. According to the leftwing alternate theory of realty, tax revenues should have been lower.

again, they went up because of increases in payments in April, which doesn't count the Trump Tax Giveaways...

It's because taxes were filed from last year.

Yes, we know why April revenues are greater than March revenues. What you can't explain is why April 2018 revenues are greater than April 2017 revenues. According to the taxation theories supported by all you dumbass snowflakes, they should have been less.

Wages were stagnant
There was a huge jump in stock values in 2017 of which taxes would be due in April 2018

 

[bripat9643]

The point you are trying so desperately to ignore is that revenues this April were higher than revenues last April. According to the leftwing alternate theory of realty, tax revenues should have been lower.

again, they went up because of increases in payments in April, which doesn't count the Trump Tax Giveaways...

It's because taxes were filed from last year.

Yes, we know why April revenues are greater than March revenues. What you can't explain is why April 2018 revenues are greater than April 2017 revenues. According to the taxation theories supported by all you dumbass snowflakes, they should have been less.

Wages were stagnant
There was a huge jump in stock values in 2017 of which taxes would be due in April 2018

Stocks went up in 2016 as well, moron.

 

[rightwinger]

The point you are trying so desperately to ignore is that revenues this April were higher than revenues last April. According to the leftwing alternate theory of realty, tax revenues should have been lower.

again, they went up because of increases in payments in April, which doesn't count the Trump Tax Giveaways...

It's because taxes were filed from last year.

Yes, we know why April revenues are greater than March revenues. What you can't explain is why April 2018 revenues are greater than April 2017 revenues. According to the taxation theories supported by all you dumbass snowflakes, they should have been less.

Wages were stagnant
There was a huge jump in stock values in 2017 of which taxes would be due in April 2018

Stocks went up in 2016 as well, moron.

Not nearly as much as 2017 Fingerboy

 

[BasicHumanUnit]

Considering Obama did not get his first budget until his 7th year, you better go look again.

And you never saw that as a potential problem?

there ya have it folks.

 

[Geaux4it]

How much did the deficit grow?

You mean under Obama? He added $7.917 trillion, a 68 percent increase, in seven years.

-Geaux

Considering Obama did not get his first budget until his 7th year, you better go look again.

Barack Obama -- Under President Obama, the national debt grew the most dollar-wise. He added $7.917 trillion, a 68 percent increase, in seven years. This was the fifth-largest increase percentage-wise. Obama's budgets included the economic stimulus package. It added $787 billion by cutting taxes, extending unemployment benefits, and funding public works projects. The Obama tax cuts added $858 billion to the debt in two years.

Obama's budget increased defense spending to between $700 billion and $800 billion a year. Federal income was down, thanks to lower tax receipts from the 2008 financial crisis. He also sponsored the Patient Protection and Affordable Care Act. It was designed to reduce the debt by $143 billion over 10 years. But these savings didn't show up until the later years.

Which President Added Most to the U.S. Debt?

 

[BasicHumanUnit]

Not nearly as much as 2017 Fingerboy

Pure anticipation of Obama's departure. To claim otherwise is to be......a moron.

 

[ElmerMudd]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

You fail to say the deficit for the first 6 months of fiscal year 2018 is close to 600 billion dollars. The last year of Obama's Presidency the deficit for the whole year was less than 700 billion.
The CBO is forecasting increasing deficit over the next two years considering the tax cut and it's affect on the economy.

Talk about manipulating the stats

 

[RealDave]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

More logic from this dumbass.

If tax cuts always increase revenues then lets cut taxes by 5% every year & according to you in 25 years, no one will be paying taxes & the revenues will skyrocket.

 

[eagle1462010]

How much did the deficit grow?

You mean under Obama? He added $7.917 trillion, a 68 percent increase, in seven years.

-Geaux

Considering Obama did not get his first budget until his 7th year, you better go look again.

No one gets their budget anymore. Always a continued Resolution.
LOL

 

[eagle1462010]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

More logic from this dumbass.

If tax cuts always increase revenues then lets cut taxes by 5% every year & according to you in 25 years, no one will be paying taxes & the revenues will skyrocket.

Within Reason dumbass................Oh.......they are saying cut all taxes and Revenue will go up.

Brain Damage.

 

[bripat9643]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

You fail to say the deficit for the first 6 months of fiscal year 2018 is close to 600 billion dollars. The last year of Obama's Presidency the deficit for the whole year was less than 700 billion.
The CBO is forecasting increasing deficit over the next two years considering the tax cut and it's affect on the economy.

Talk about manipulating the stats

The tax cut reduced the deficit, moron. Revenues went up, not down. The deficit went up because of the budget bill laden with Democrat pork.

 

[Rustic]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

Now it’s time to cut taxes more...

 

[JakeStarkey]

Considering Obama did not get his first budget until his 7th year, you better go look again.

And you never saw that as a potential problem? there ya have it folks.

The Obstructing GOP saw it as a problem they could manipulate. They did poorly, but so did the American people.

 

[JakeStarkey]

geaux and BasicHumanity have known that Obama did well against their GOP majority that hated him more than it loved America.

 

[JakeStarkey]

 

[Care4all]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

More logic from this dumbass.

If tax cuts always increase revenues then lets cut taxes by 5% every year & according to you in 25 years, no one will be paying taxes & the revenues will skyrocket.

Within Reason dumbass................Oh.......they are saying cut all taxes and Revenue will go up.

Brain Damage.

I haven't read the thread yet other than skimming the op article,

however, from the title and the first paragraph or so in the op article it implies these tax cuts that passed reflected the money collected in April 2018 for Income taxes owed and PAID... for last year's, 2017's income tax obligations, of which there were no tax cuts effective at the time that generated these revenues?

So the premise that this year's tax revenues collected were from some sort of tax cut stimulating and affecting the market, by increasing employment which in turn increased revenues...and made up for the tax revenue decrease caused by the tax cut....

No such thing was proven yet....revenues collected this past April are from taxes collected for 2017 tax laws in place, of which the tax cuts had not been in place until 2018.

We'll know more NEXT YEAR in April 2019 if the tax cuts affecting 2018's tax revenues, brought in more or less revenue than 2017's April take....or basically, whether if "Tax cuts, pay for themselves".