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

[Faun]

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.

Holyfuckingshit!

Folks who collect a paycheck and see more in each one since Trump’s tax cuts went into effect are paying less in taxes now. That’s a decrease in tax revenues.

 

[Faun]

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.

Unfuckingbelievable....

Yes, this April saw the highest tax revenue on record as many folks had to file their taxes on their 2017 income.

 

[Faun]

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.

Bzzzt. Sorry. Wrong. Harding cut spending and slashed taxes, and revenue went up. Kennedy cut taxes and held spending to barely the rate of inflation, and revenue went up. Clinton cut taxes and held spending to the second-lowest growth rate in the modern era, and the economy boomed.

Plus, most of the spending approved in the budget deal has not even been implemented yet. You do realize that that money doesn't get spent all at once but in months/fiscal quarters, right? Right? At this point, only a small fraction of the spending approved in the budget deal has been spent.

Clinton raised taxes before he cut them and the economy boomed. Reagan cut taxes and revenues dropped in those years. Bush cut taxes and revenues dropped in those years too. Bush41 increased taxes and revenues increased that year. Clinton raised taxes and revenues increased that year. Obama raised taxes and revenues increased that year.

 

[PredFan]

Never ever. Admitting you are wrong, even in the face of hard evidence, requires maturity and intelligence. Something the left doesn’t even have a little bit of.

 

[rightwinger]

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.

Unfuckingbelievable....

Yes, this April saw the highest tax revenue on record as many folks had to file their taxes on their 2017 income.

Agree

Tax revenue increases in the month 2017 taxes are due. 2017 saw a massive increase in the stock market and people are paying taxes on it

Trumps tax cut did not take effect until Jan 2018 and would not show in April tax returns

 

[georgephillip]

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.​

Monthly Budget Review for January 2018

"The federal budget deficit was $174 billion for the first four months of fiscal year 2018, the Congressional Budget Office estimates, $16 billion more than the shortfall recorded during the same period last year. Revenues and outlays were higher, by 4 percent and 5 percent, respectively, than during the first four months of fiscal year 2017.

"As was the case last year, this year’s outlays were affected by shifts in the timing of certain payments that otherwise would have been due on a weekend. If not for those shifts, outlays and the deficit through January would have been slightly larger, both this year and last year—but the year-to-year changes would not have been very different."

 

[Faun]

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.

Bzzzt. Sorry. Wrong. Harding cut spending and slashed taxes, and revenue went up. Kennedy cut taxes and held spending to barely the rate of inflation, and revenue went up. Clinton cut taxes and held spending to the second-lowest growth rate in the modern era, and the economy boomed.

Plus, most of the spending approved in the budget deal has not even been implemented yet. You do realize that that money doesn't get spent all at once but in months/fiscal quarters, right? Right? At this point, only a small fraction of the spending approved in the budget deal has been spent.

Reagan tripled the debt. Bush ruined a balanced budget... trump has turned around decreasing deficits...

Uh, no Reagan did not triple the debt. Bush had the deficit down to below $300 billion before the Great Recession started. And the current deficit is below $400 billion. Meanwhile, the U-6 is at a 17-year low. The U-3 is at an 18-year low. Manufacturing jobs have set records for one-month increases three times under Trump already. Hundreds of billions of dollars in American money parked overseas have already started flowing back to the U.S. Etc., etc., etc.

Your refusal to accept good news is nothing short of amazing.

Why lie?

"Uh, no Reagan did not triple the debt."

Reagan's budgets led to an increase in the debt of 186.4%. Tripled is 200%. That's close enough to reasonably state Reagan tripled the debt.

"Bush had the deficit down to below $300 billion before the Great Recession started."

Bush's deficits...

09/30/2002 ...... 420,772,553,397
09/30/2003 ...... 554,995,097,146
09/30/2004 ...... 595,821,633,587
09/30/2005 ...... 553,656,965,393
09/29/2006 ...... 574,264,237,492
09/28/2007 ...... 500,679,473,047
09/30/2008 ... 1,017,071,524,650
09/30/2009 ... 1,885,104,106,600*

Debt to the Penny (Daily History Search Application)

* = shared with Obama who signed a stimulus in February, 2009 and a budget in March, 2009.

"And the current deficit is below $400 billion."

The current deficit for FY2018, from 10.1.2017 thru 5.10.2018 is: 805,922,577,848

Debt to the Penny (Daily History Search Application)

Where the fuck do you get "below $400 billion?"

 

[sparky]

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

bingo!

some provisions are actually engineered to take effect after Trump's term

~S~

 

[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.​

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

 

[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.​

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

Would not be reflected in 2017 tax returns that were due in April

 

[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?

It is a disaster. For the first three months of FY2018, the debt was on pace to increase about $1 trillion. Since the tax cuts, it’s now on pace to increase about $1.5 trillion. The tax cuts alone will produce a 1/2 trillion dollar deficit for this fiscal year.

Source?

 

[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.

Unfuckingbelievable....

Yes, this April saw the highest tax revenue on record as many folks had to file their taxes on their 2017 income.

They did last year also. And the year before........and the year before that.....and the ....................

Happens every April.........haven't you noticed.

 

[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.​

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

Would not be reflected in 2017 tax returns that were due in April

It's reflected in the amount employers withheld for every month since the employee filed a new W4.

 

[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.​

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

Fucking moron ... any taxes paid after the 1st of the year when Trump's tax cuts went into effect would apply to taxes in 2018, not 2017.

 

[eagle1462010]

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.​

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

Fucking moron ... any taxes paid after the 1st of the year when Trump's tax cuts went into effect would apply to taxes in 2018, not 2017.

Why do I get the feeling you don't like Tax Cuts.................Guess you think they don't work..........

Everyone is gonna die....................Why are the people in California leaving in droves..........Have you checked that lately.

Any correlation................

 

[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.​

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?

It is a disaster. For the first three months of FY2018, the debt was on pace to increase about $1 trillion. Since the tax cuts, it’s now on pace to increase about $1.5 trillion. The tax cuts alone will produce a 1/2 trillion dollar deficit for this fiscal year.

Source?

Government - The Debt to the Penny and Who Holds It

 

[Brain357]

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.​

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

Fucking moron ... any taxes paid after the 1st of the year when Trump's tax cuts went into effect would apply to taxes in 2018, not 2017.

Why do I get the feeling you don't like Tax Cuts.................Guess you think they don't work..........

Everyone is gonna die....................Why are the people in California leaving in droves..........Have you checked that lately.

Any correlation................

I've noticed that states that don't provide much for citizens are all federal leeches...

 

[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.​

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

Fucking moron ... any taxes paid after the 1st of the year when Trump's tax cuts went into effect would apply to taxes in 2018, not 2017.

Taxes are taken from every paycheck, moron. The amount taken out now is determined by Trump's tax cut, unless you're a moron who didn't file a new W4 form.

 

[eagle1462010]

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.​

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

Fucking moron ... any taxes paid after the 1st of the year when Trump's tax cuts went into effect would apply to taxes in 2018, not 2017.

Why do I get the feeling you don't like Tax Cuts.................Guess you think they don't work..........

Everyone is gonna die....................Why are the people in California leaving in droves..........Have you checked that lately.

Any correlation................

I've noticed that states that don't provide much for citizens are all federal leeches...

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

 

[Brain357]

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

Fucking moron ... any taxes paid after the 1st of the year when Trump's tax cuts went into effect would apply to taxes in 2018, not 2017.

Why do I get the feeling you don't like Tax Cuts.................Guess you think they don't work..........

Everyone is gonna die....................Why are the people in California leaving in droves..........Have you checked that lately.

Any correlation................

I've noticed that states that don't provide much for citizens are all federal leeches...

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

U.S. National Debt Clock : Real Time