AntonToo
Diamond Member
- Jun 13, 2016
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Facinating is how fucking hopped up on coolaid you have to be to belive that nonsence.
Tax-cut grow economy, but that offsets only a small fraction of the upfront revenue loss.
Whats the ideal corporate tax rate and why? Specifically
...ideal FOR WHAT? Fed Revenue maximization?
It's not simply tax rates, it is EFFECTIVE tax rates, many companies get away with paying next to nothing and the new tax-cuts did worse than NOTHING to address any of the loopholes in the system.
You twats said taxes collected would drop. THEY DID NOT.
It was a BULLSHIT NARRATIVE to gin up your retard base.
Dumbass, did you not fucking see the breakdown of revenues since tax-cuts began?
ABSOLUTELY REVENUES DROPPED, even more so when you apropreately adjust for notmal expected revenue growth from not-tax-cut economic growth and inflation.
Here is our revenues on tax-cuts:
Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
Sep 18 -$5B
Oct 19 +$17B
Monthly Treasury Statement
So after ~$170 billion revenue lost (compared to normal revenue growth) in the months since tax cuts we've finally managed to grow revenue all of $3B faster in October, the first month of FY2019.
You're ignoring the increase of production and imports.
what does that have to do with measuring effects of tax-cutting on revenues?