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

[Faun]

Excellent.

So, if someone can help me with the math,--and I'm being serious here, when will the National Debt disappear?

Quarter after never.

 

[Faun]

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.

No one is ignoring it -- what's being explained to you, but you're too big of a fucking moron to understand, is that it's due to reasons not related to Trump's tax cuts, which just went into effect 3 months earlier.

 

[Faun]

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

Trump Tax Cuts: Revenues Hit Record High In April
...​

That's what happens for the first year or two after a Tax Cut.
People take their Gains.. many after waiting for said cut to do so.
this effect gradually wears off and reverses, as it did under Reagan and BushII.
and we had Crashes 7 years into both their admins: 1987/2007.
We won't have to wait that long this time.
`

We had a recession after Bush Sr raised taxes, idiot.

No we didn't, ya fucking moron.

The recession under Bush41 started in July, 1990

Bush41 signed his tax hike in November, 1990

 

[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.

No one is ignoring it -- what's being explained to you, but you're too big of a fucking moron to understand, is that it's due to reasons not related to Trump's tax cuts, which just went into effect 3 months earlier.

Ah, so know you are admitting that Trump's tax cut was in effect duing the period. However, your trying to distance yourself from the snowflake claim that the tax cuts would cause the deficite to explode.

 

[Faun]

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.

No one is ignoring it -- what's being explained to you, but you're too big of a fucking moron to understand, is that it's due to reasons not related to Trump's tax cuts, which just went into effect 3 months earlier.

Ah, so know you are admitting that Trump's tax cut was in effect duing the period. However, your trying to distance yourself from the snowflake claim that the tax cuts would cause the deficite to explode.

Fucking moron, how retarded do yo have to be to think I'm distancing myself from the claim that Trump's tax cuts are exploding the deficit when it's in my signature??



You keep outdoing yourself as the biggest fucking moron on this forum.

 

[SmokeALib]

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.

No one is ignoring it -- what's being explained to you, but you're too big of a fucking moron to understand, is that it's due to reasons not related to Trump's tax cuts, which just went into effect 3 months earlier.

Typical leftard response. If Trump does something to help the country and its citizens, it wasn't because of Trump.
Stupid ass.

 

[Faun]

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.

Oh? The debt is climbing at a faster rate since the tax cuts went into effect. If the tax cuts reduced the deficit, that would be spending has drastically increased since the beginning of the year.

What spending billings went into effect since then...?

 

[Faun]

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.

No one is ignoring it -- what's being explained to you, but you're too big of a fucking moron to understand, is that it's due to reasons not related to Trump's tax cuts, which just went into effect 3 months earlier.

Typical leftard response. If Trump does something to help the country and its citizens, it wasn't because of Trump.
Stupid ass.

That was basically what the right wailed about the president during Obama's 8 years.

 

[SmokeALib]

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.

No one is ignoring it -- what's being explained to you, but you're too big of a fucking moron to understand, is that it's due to reasons not related to Trump's tax cuts, which just went into effect 3 months earlier.

Typical leftard response. If Trump does something to help the country and its citizens, it wasn't because of Trump.
Stupid ass.

That was basically what the right wailed about the president during Obama's 8 years.

The difference being oblamer did nothing to help anybody except muslims, terrorists, and illegal immigrants.

 

[Faun]

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 no 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".

You're just another ding dong who doesn't understand how withholding works.

Tax Cuts and Jobs Act of 2017 - Wikipedia

Pub.L. 115–97, an Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,[1] is a congressional revenue act originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA).[2][3]​

From your link...

Most of the changes introduced by the bill went into effect on January 1, 2018 and will not affect 2017 taxes

Fucking moron.

 

[Faun]

Why do these morons struggle with math?

The deficit has increased since the ill advised Trump tax cuts

What "math" says the increasing revenues causes a larger deficit?

You are a special kind of stupid.

Poor, poor fIngerboy

Cutting revenue while maintaining existing spending INCREASES your deficit

Just like we are seeing with Crooked Donnie

2 edged sword. If it promotes growth then your point is mute. As it has happened under other Presidents such as Kennedy. Who was actually a Dem we could deal with. You and your clowns.........not so much.

Keep the Change on Obama. Oh..........I'm sorry........his legacy is almost dead.

Moot

We'll see.......Manufacturing is coming back........after being in a death spiral for ages.

We'll see if it's Moot.

Actually, manufacturing spiraled under Bush and his Great Recession. It started coming back in 2010, leveled off in 2015, and started going up again under Trump.

 

[Faun]

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.

No one is ignoring it -- what's being explained to you, but you're too big of a fucking moron to understand, is that it's due to reasons not related to Trump's tax cuts, which just went into effect 3 months earlier.

Typical leftard response. If Trump does something to help the country and its citizens, it wasn't because of Trump.
Stupid ass.

That was basically what the right wailed about the president during Obama's 8 years.

The difference being oblamer did nothing to help anybody except muslims, terrorists, and illegal immigrants.

I stand corrected.... you rightards didn't do it just for Obama's 8 years in office -- you're still doing it.

 

[eagle1462010]

And here goes the Red State Rant..................Revenues are up..........why you bitching,,,,,,,,,,,,

U.S. National Debt Clock : Real Time

I've been using that site and the debt to the penny site forever................Funny now your side is using it to attack Trump.

How much did Obama add to the debt............hmmmm

More than all the other Presidents before him.............hmmmm

And Suddenly you care.

Certainly you don’t mean “all other presidents before him” combined? The last president to do that was Reagan.

Now you play the percentage game.............expected...it's the same game played on Tax cut for the rich.............as you don't take into account that those with more money get more money back.......and as you ignore that business passes on the taxes in the price of the product.

America needs better paying jobs..............and you don't get that by punishing those you want to invest.

It's not a game. It's called reality. If you were meant to say Obama added more debt than all other presidents combined, you're merely full of shit -- he didn't.

You're also ignoring the reality that he stepped on an IED we formerly knew as our economy, when he became president. That greatly contributed to the debt which had nothing to do with his policies; and you're also assigning debt to him that was built into the budget by Bush, whose budget we were still operating under for the first few months of Obama's presidency.

But my favorite part is that conservatives can no longer lucidly bitch about the debt under Obama as they ignore the trillion dollars Trump has added in a good economy.

The Graph doesn't lie. Massive amount of debt under Obama. Over 7 Trillion..........Try again.

 

[eagle1462010]

What "math" says the increasing revenues causes a larger deficit?

You are a special kind of stupid.

Poor, poor fIngerboy

Cutting revenue while maintaining existing spending INCREASES your deficit

Just like we are seeing with Crooked Donnie

2 edged sword. If it promotes growth then your point is mute. As it has happened under other Presidents such as Kennedy. Who was actually a Dem we could deal with. You and your clowns.........not so much.

Keep the Change on Obama. Oh..........I'm sorry........his legacy is almost dead.

Moot

We'll see.......Manufacturing is coming back........after being in a death spiral for ages.

We'll see if it's Moot.

Actually, manufacturing spiraled under Bush and his Great Recession. It started coming back in 2010, leveled off in 2015, and started going up again under Trump.

NAFTA and Free Trade Agreements ring a bell.................who signed that..........was it the same guy who signed too big to fail to self regulate.

 

[Faun]

U.S. National Debt Clock : Real Time

I've been using that site and the debt to the penny site forever................Funny now your side is using it to attack Trump.

How much did Obama add to the debt............hmmmm

More than all the other Presidents before him.............hmmmm

And Suddenly you care.

Certainly you don’t mean “all other presidents before him” combined? The last president to do that was Reagan.

Now you play the percentage game.............expected...it's the same game played on Tax cut for the rich.............as you don't take into account that those with more money get more money back.......and as you ignore that business passes on the taxes in the price of the product.

America needs better paying jobs..............and you don't get that by punishing those you want to invest.

It's not a game. It's called reality. If you were meant to say Obama added more debt than all other presidents combined, you're merely full of shit -- he didn't.

You're also ignoring the reality that he stepped on an IED we formerly knew as our economy, when he became president. That greatly contributed to the debt which had nothing to do with his policies; and you're also assigning debt to him that was built into the budget by Bush, whose budget we were still operating under for the first few months of Obama's presidency.

But my favorite part is that conservatives can no longer lucidly bitch about the debt under Obama as they ignore the trillion dollars Trump has added in a good economy.

The Graph doesn't lie. Massive amount of debt under Obama. Over 7 Trillion..........Try again.

Who said otherwise?

 

[eagle1462010]

I've been using that site and the debt to the penny site forever................Funny now your side is using it to attack Trump.

How much did Obama add to the debt............hmmmm

More than all the other Presidents before him.............hmmmm

And Suddenly you care.

Certainly you don’t mean “all other presidents before him” combined? The last president to do that was Reagan.

Now you play the percentage game.............expected...it's the same game played on Tax cut for the rich.............as you don't take into account that those with more money get more money back.......and as you ignore that business passes on the taxes in the price of the product.

America needs better paying jobs..............and you don't get that by punishing those you want to invest.

It's not a game. It's called reality. If you were meant to say Obama added more debt than all other presidents combined, you're merely full of shit -- he didn't.

You're also ignoring the reality that he stepped on an IED we formerly knew as our economy, when he became president. That greatly contributed to the debt which had nothing to do with his policies; and you're also assigning debt to him that was built into the budget by Bush, whose budget we were still operating under for the first few months of Obama's presidency.

But my favorite part is that conservatives can no longer lucidly bitch about the debt under Obama as they ignore the trillion dollars Trump has added in a good economy.

The Graph doesn't lie. Massive amount of debt under Obama. Over 7 Trillion..........Try again.

Who said otherwise?

Were you attacking Obama when he did it Mueller..................No.........Mr. Mueller and the FBI was too busy raiding businesses who applied for non profit status under Obama.............

Bottom line.........your hero sucked on Foreign policy, and his stinking pen and a phone.

How's that working out for him................gone by executive action just like he put it in there.

His legacy is dying.

And April was the largest revenue in history no matter how you spin this shit.

 

[Faun]

Poor, poor fIngerboy

Cutting revenue while maintaining existing spending INCREASES your deficit

Just like we are seeing with Crooked Donnie

2 edged sword. If it promotes growth then your point is mute. As it has happened under other Presidents such as Kennedy. Who was actually a Dem we could deal with. You and your clowns.........not so much.

Keep the Change on Obama. Oh..........I'm sorry........his legacy is almost dead.

Moot

We'll see.......Manufacturing is coming back........after being in a death spiral for ages.

We'll see if it's Moot.

Actually, manufacturing spiraled under Bush and his Great Recession. It started coming back in 2010, leveled off in 2015, and started going up again under Trump.

NAFTA and Free Trade Agreements ring a bell.................who signed that..........was it the same guy who signed too big to fail to self regulate.

Too fucking rightarded.

NAFTA was signed in 1993....

And the Gramm-Leach-Bliley Act targeted banking, not manufacturing.

But kudos to for saying something -- even if it was totally misplaced.

 

[Faun]

Certainly you don’t mean “all other presidents before him” combined? The last president to do that was Reagan.

Now you play the percentage game.............expected...it's the same game played on Tax cut for the rich.............as you don't take into account that those with more money get more money back.......and as you ignore that business passes on the taxes in the price of the product.

America needs better paying jobs..............and you don't get that by punishing those you want to invest.

It's not a game. It's called reality. If you were meant to say Obama added more debt than all other presidents combined, you're merely full of shit -- he didn't.

You're also ignoring the reality that he stepped on an IED we formerly knew as our economy, when he became president. That greatly contributed to the debt which had nothing to do with his policies; and you're also assigning debt to him that was built into the budget by Bush, whose budget we were still operating under for the first few months of Obama's presidency.

But my favorite part is that conservatives can no longer lucidly bitch about the debt under Obama as they ignore the trillion dollars Trump has added in a good economy.

The Graph doesn't lie. Massive amount of debt under Obama. Over 7 Trillion..........Try again.

Who said otherwise?

Were you attacking Obama when he did it Mueller..................No.........Mr. Mueller and the FBI was too busy raiding businesses who applied for non profit status under Obama.............

Bottom line.........your hero sucked on Foreign policy, and his stinking pen and a phone.

How's that working out for him................gone by executive action just like he put it in there.

His legacy is dying.

And April was the largest revenue in history no matter how you spin this shit.

Dayam, you're all over the board. We're talking about the federal debt and here you are wandering into foreign policy.

Why not simply agree Obama did not add more debt than all other presidents combined?

 

[frigidweirdo]

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.​

Ah, short sightedness.

It's not raining now, I'll burn my raincoat.

Great idea, until it starts raining again.

 

[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.

No one is ignoring it -- what's being explained to you, but you're too big of a fucking moron to understand, is that it's due to reasons not related to Trump's tax cuts, which just went into effect 3 months earlier.

Ah, so know you are admitting that Trump's tax cut was in effect duing the period. However, your trying to distance yourself from the snowflake claim that the tax cuts would cause the deficite to explode.

Fucking moron, how retarded do yo have to be to think I'm distancing myself from the claim that Trump's tax cuts are exploding the deficit when it's in my signature??



You keep outdoing yourself as the biggest fucking moron on this forum.

Your signature doesn't mention Trump's tax cut, you fucking moron.