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

[Siete]

• Real weekly wages rose 1.1 percent. Corporate profits and stock prices hit new records.
• The number of people without health insurance went up — by 200,000 according to a government survey, and by 3.2 million according to a more recent Gallup poll.
• The U.S. trade deficit that Trump promised to bring down grew instead, getting 11.5 percent larger.
• The number of people on food stamps, which Trump wants to cut, grew by nearly 3 million.
• The federal debt rose nearly 3 percent; projected annual deficits worsened.

theres PART of the incerase in revenue. ^^^^^^^^^^^^^^^^^

yawnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

 

[Timmy]

...revenue has been steadily increasing for the last 5 years...

Here are the actual Dept. Treas. numbers:

Not exactly what we'd call "steadily" but the fact is that the extreme partisans have been saying from the get-go that the tax cut would lower revenue. Didn't happen.

Over these past 5 years:

• revenue before the tax cut: $266,625,456,140 per month
• revenue after the tax cut: $309,485,000,000 per month
• Revenue increase with the tax cut: $42,859,543,860 per month.

1- we already have a growing economy that’s been increasing rev as your graph shows.

2- we are 5 months into this. Kind of early to decide that it’s the cause .

3- what about expenses ? Are they also rising?

 

[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.​

Your own link has a graph showing revenue has been steadily increasing for the last 5 years .

Did Trump go back in time and do that too?

All you Trump hating douchebags claimed the tax cut would be a fiscal disaster. Now it's just part of Barry's economic program.

Do you have any shame at all?

 

[Rocko]

I'm sure glad old President Trumpybear finally solved Obama's 2008 economic collapse and depression.

Come on now, address the OP

 

[bripat9643]

helloooooooooooooo idiots

There were only a couple of provisions in the tax plan that applied retroactively. That means they will affect your 2017 taxes (what you file by April 2018).

One notable change is the expansion of the medical expenses deduction. This deduction allows filers who itemize their deductions to claim medical expenses that exceed a certain percentage of their adjusted gross income (AGI). The deduction amount was scheduled to be 10% for 2017 and 2018. The new tax plan will lower that threshold to 7.5%. The lower threshold will allow more to qualify for the deduction. (Just note that the threshold will go back up to 10% for 2019.)

The majority of the new tax plan took effect on Jan. 1, 2018. These changes will not affect your 2017 taxes that you’ll file by April 17, 2018. Here are some of the big changes that officially became law at the start of 2018 (and will affect the 2018 taxes that you’ll pay in 2019).

Trumps tax cuts are creating revenue BECAUSE THEY AREN'T IN EFFECT YET!!!!!!!

The amount deducted from your paycheck changed immediately to reflect the new rates, so your claim that it has no effect until next year is bullshit, of course.

 

[rightwinger]

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.​

If tax revenues are up......why did the deficit INCREASE??

 

[Rocko]

Liberals: "But....but....supply-side economics never works..."

"Voodoo economics"

 

[eagle1462010]

History shows the fallacy of the liberals...............Tax cuts have historically seen rises in tax revenues...........which the liberals say can't happen.................but under Kennedy and Reagan they did as well.

Tax cuts and less regulations are stirring the economy of the United States. Something that the left never recognizes

 

[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.​

If tax revenues are up......why did the deficit INCREASE??

Congress just passed a huge increase in spending, moron.

 

[Rocko]

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.​

If tax revenues are up......why did the deficit INCREASE??

Right, its only because of tax cuts.

 

[CowboyTed]

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.​

Your own link has a graph showing revenue has been steadily increasing for the last 5 years .

Did Trump go back in time and do that too?

All you Trump hating douchebags claimed the tax cut would be a fiscal disaster. Now it's just part of Barry's economic program.

Do you have any shame at all?

Poor Bripat... Are you getting picked on again... you know they are cheating, they are using facts....

 

[LeftofLeft]

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.​

If tax revenues are up......why did the deficit INCREASE??

Interest and speniding. I don’t see your side praising Trump for not cutting spending. For all of your attacks on Trump and the GOP, you should be praising them since Spending is something you hold onto

 

[eagle1462010]

This CAN NOT BE..................Tax REVENUES DECREASE WITH TAX CUTS.

The liberal Propaganda machine told me so.................Something is very wrong with this............Can not be.

United States Government Budget | 1954-2018 | Data | Chart | Calendar

The US government budget surplus increased to USD 214.25 billion in April of 2018 from USD 182.43 billion in the same month of the previous year. It is the biggest surplus ever for an April month. Figures came better than market expectations of a USD 193.8 billion surplus amid a rise in individual income tax receipts. Also, April 2018 had an additional day of collections. In addition, outlays for Military active duty and retirement, Veterans’ benefits, Supplemental Security Income, and Medicare payments and prescription drug plans accelerated into March, because April 1, 2018, the normal payment date, fell on a non-business day.

In April, receipts jumped 12 percent year-on-year to USD 510 billion as individual income taxes accounted for USD 314 billion; social security taxes for USD 129 billion; corporate income taxes for USD 42 billion and other taxes and duties for USD 25 billion.

 

[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.​

Your own link has a graph showing revenue has been steadily increasing for the last 5 years .

Did Trump go back in time and do that too?

All you Trump hating douchebags claimed the tax cut would be a fiscal disaster. Now it's just part of Barry's economic program.

Do you have any shame at all?

Poor Bripat... Are you getting picked on again... you know they are cheating, they are using facts....

The facts show that you're a numskull.

 

[IsaacNewton]

Stock broker to Warren Buffet, "see we had a very good month in April, sell everything you have and forget everything you've ever known it is all sunshine and lollipops from here on out."
Warren Buffet, "I could pay cash for your company out of my pocket. You have $200,000? You could buy one share in my company. Now go play junior."

 

[BlindBoo]

I'm sure glad old President Trumpybear finally solved Obama's 2008 economic collapse and depression.

Come on now, address the OP

Psssffftttt.

April is the payment month. The economy has been growing since 2010. Each year April's numbers are positive. It's a good thing, but not solely attributable to Lord Trumpenstien.

 

[mikegriffith1]

Yeap, and the same thing has happened after every single major tax cut since the early 1900s. Sheesh, I mean, how many times does this have to happen before liberals will get the memo that letting taxpayers and companies keep more of their money gives them more money to spend and invest and that this generates growth that more than makes up for the reduction in tax rates?

 

[Norman]

A other victor by the great God-Emperor. Funny how even the old victories compound, can the guy ever stop winning?


Yes, some here are butthurt, the people who want to see America in decline.

 

[Brain357]

History shows the fallacy of the liberals...............Tax cuts have historically seen rises in tax revenues...........which the liberals say can't happen.................but under Kennedy and Reagan they did as well.

Tax cuts and less regulations are stirring the economy of the United States. Something that the left never recognizes

And there has always been huge increases in spending and deficits. That revenue is from spending.

 

[Timmy]

Didn’t the tax plan offer a tax amnesty for off shore money ? Wouldn’t that cause an early rush in revenue ?