danielpalos
Diamond Member
- Banned
- #121
Why is it soo difficult, to get rid of the drug war? it is just a Waste of Tax money.Spending is the only thing that creates debt.The tax cut was not in place for the first 3 months of the FY, I have told you that twice now and you still keep lying about it. How embarrassing for you.
AND it makes NO difference whether tax cuts were in place dummy!
We are comparing 12 months including Obama's Oct 2016,Nov 2016 and Dec 2016... and then Trump became President and was then responsible.
You are NOT showing with this dumb ass chart apples to apples as people like you are wont to do!
Compare 12 months to 12 months OK? GEEZ once again "statistician"????
View attachment 217665
The tax cuts have not been in place for 12 months, thus we cannot compare a full 12 months yet. That is why I am comparing 8 months to 8 months.
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And you are totally discounting the FACT that payroll taxes comprise almost 34% of gross tax revenue and Personal income tax comprise 47% or a total 81%
This means if you have as of Aug 2018 161,776,000 compared to Aug 2017 of 153,471,000 or 8,305,000 more people working and paying income and payroll taxes.
https://www.bls.gov/news.release/pdf/empsit.pdf
In Oct 2017 Average hourly wage was $22.18 United States Average Hourly Wages | 1964-2018 | Data | Chart | Calendar
So in August 2018 at average of 40 hours times $22.18 equals $887.20. A total of $7.4 billion a week more in payroll than in 2017.
Employer and employee PAYROLL TAXES paid per week in Aug 2018 =12.4% or on $887.20 $110.01 per employee means nearly $1 billion MORE per week in payroll taxes.
And this is not counting income taxes on this additional $7.4 billion.
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None of that changes the FACT that since the tax cuts become law, Federal Tax revenue has decreased as compared to the same period a year ago.
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Only thing.