US set to see record tax reciepts...due to raises

[JimH52]

https://businessinsider.com/government-collect-record-high-income-taxes-because-people-got-raises-2022-

https://businessinsider.com/government-collect-record-high-income-taxes-because-people-got-raises-2022-

The economy is booming! More jobs than can be filled. Once inflation is under control...the US will see incredible growth.

Crude oil prices are plunging. Good times ahead

 

[gipper]

And then wasted on the war machine.

 

[Toddsterpatriot]

Once inflation is under control...the US will see incredible growth.

I agree. Unfortunately for Biden and the Dems, it will be under a Republican administration.

 

[Harry Dresden]

oh geezus.....every time they collect taxes it seems to be a "record".....

 

[Turtlesoup]

https://businessinsider.com/government-collect-record-high-income-taxes-because-people-got-raises-2022-6https://businessinsider.com/government-collect-record-high-income-taxes-because-people-got-raises-2022-66

The economy is booming! More jobs than can be filled. Once inflation is under control...the US will see incredible growth.

Crude oil prices are plunging. Good times ahead

Yes, taxes go up with inflation and democratic leadership---as they spend more and more money that we don't have. This is not a good thing hun.

 

[Darkwind]

oh geezus.....every time they collect taxes it seems to be a "record".....

Of course. When the taxation pool grows, so too do tax receipts.

It is simple statistics.

If I have 100 dollars earning 5% a year, I have 105 dollars at the end of that year.

If I have 1,000,000 earning 5%, I'm an idiot for poor investing.

 

[Darkwind]

Yes, taxes go up with inflation and democratic leadership---as they spend more and more money that we don't have. This is not a good thing hun.

Yep. More and more dollars chasing fewer tangible goods.

Gee, don't they have a name for that?

 

[Harry Dresden]

Of course. When the taxation pool grows, so too do tax receipts.

It is simple statistics.

If I have 100 dollars earning 5% a year, I have 105 dollars at the end of that year.

If I have 1,000,000 earning 5%, I'm an idiot for poor investing.

dont tell me...tell jimmy ......

 

[Darkwind]

dont tell me...tell jimmy ......

It was rhetorical. I don't think that Jimmy would understand as he is trying to make a claim of a good economy on the basis of increased tax revenue.

 

[JimH52]

https://businessinsider.com/government-collect-record-high-income-taxes-because-people-got-raises-2022-

https://businessinsider.com/government-collect-record-high-income-taxes-because-people-got-raises-2022-

The economy is booming! More jobs than can be filled. Once inflation is under control...the US will see incredible growth.

Crude oil prices are plunging. Good times ahead

The US government is set to collect a record-high $2.6 trillion in income taxes — and a third of that is because people got raises

The Congressional Budget Office estimates income tax revenue went up by 28% in 2022. It's partially because people were getting paid more.

businessinsider.com

 

[Harry Dresden]

The US government is set to collect a record-high $2.6 trillion in income taxes — and a third of that is because people got raises

The Congressional Budget Office estimates income tax revenue went up by 28% in 2022. It's partially because people were getting paid more.

businessinsider.com

U.S. Tax Revenue by Year​

Here's a record of income for each fiscal year since 1789. Tax receipts fell off during the recession but started setting new records by FY 2013.6

Fiscal Year	Revenue
FY 2021	$3.86 (estimated)
FY 2020	$3.71 trillion (estimated)
FY 2019	$3.46 trillion (actual)
FY 2018	$3.33 trillion
FY 2017	$3.32 trillion
FY 2016	$3.27 trillion
FY 2015	$3.25 trillion
FY 2014	$3.02 trillion
FY 2013	$2.77 trillion
FY 2012	$2.45 trillion
FY 2011	$2.30 trillion
FY 2010	$2.16 trillion
FY 2009	$2.10 trillion

 

[Oldestyle]

https://businessinsider.com/government-collect-record-high-income-taxes-because-people-got-raises-2022-

https://businessinsider.com/government-collect-record-high-income-taxes-because-people-got-raises-2022-

The economy is booming! More jobs than can be filled. Once inflation is under control...the US will see incredible growth.

Crude oil prices are plunging. Good times ahead

Dude, rampant inflation CRUSHED any raises people got and now to add insult to injury they have to pay more in taxes to the asshats that GAVE them that inflation! Thanks Joe...you did that!

 

[Manonthestreet]

Golly we can send more to Ukraine

 

[Manonthestreet]

"The Economy Is Going To Collapse" – Here Are 18 Signs That The Economic Meltdown We Have Been Waiting For Has Already Begun

In all my years of writing, I have never seen more economic pessimism than I am seeing right now. Over the past couple of months there has been a monumental shift in public sentiment, and

theeconomiccollapseblog.com

 

[Oddball]

oh geezus.....every time they collect taxes it seems to be a "record".....

Cheering about the gubmint getting more money leaves me cold.

 

[Fort Fun Indiana]

I agree. Unfortunately for Biden and the Dems, it will be under a Republican administration.

Pretty dumb and depserate to say, given that it is not going to last another nearly 3 years.

 

[Toddsterpatriot]

Pretty dumb and depserate to say, given that it is not going to last another nearly 3 years.

Never underestimate Joe Biden’s ability to fuck things up.

 

[JimH52]

MAGA is like the scarecrow in Wizard of Oz. If they only had a brain.

 

[Toddsterpatriot]

MAGA is like the scarecrow in Wizard of Oz. If they only had a brain.

Don't say bad things about Scarecrow Joe.