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

[rightwinger]

April 17 2018 was the filing date for 2017 tax returns

Revenue in April reflects an influx of people paying their 2017 taxes. It has nothing to do with a tax cut that took effect in Jan 2018

Wrong. You are as dumb as Faux. You pay your taxes every time you get a paycheck. The government doesn't wait until the end of the year to collect the money and then spend it. When the rates change because of a new tax bill, the changes in revenue to the government are effected immediately when employers calculate your income tax based on the new rates.

If you are one of those suckers who actually work, you pay taxes with every paycheck. If you are one of the lucky few who make their money off of stocks, you can defer payment until April 15

Almost no one lives entirely off of income from stocks, moron. I have an LLC. I have to file quarterly.

The ones with real wealth do

The stock market rose 18 percent last year and income tax revenues increased 13 percent

Not surprising

 

[eagle1462010]

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

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.

And almost as suddenly...you do not; am I right?

Guess you missed the numerous times I stated Shut the Gov't down for an instant balanced budget now did you. Unfunded Liabilities are gonna bring this country down. Our Mandatory spending is out of control and we have a snow balls chance in hell of paying it back and the unfunded liabilities that will come do.

So is the rest of the world and will eventually cause a dang Global Reset.........

 

[eagle1462010]

April 17 2018 was the filing date for 2017 tax returns

Revenue in April reflects an influx of people paying their 2017 taxes. It has nothing to do with a tax cut that took effect in Jan 2018

Which is the same thing they did the year before.............LOL

Still a record revenue which means..................People are making more money...........How that shit works.............lol

No question the stock market surged in 2017 creating more revenue. If Trump wants credit for that......fine

But to claim that tax cuts that took effect in Jan 2018 are the reason for the increase in revenue in April 2018 tax season is unwarranted

What I said was that the same dang thing happened the year before.....and the year before......and the year before.

You try to dismiss it.............but the equation is the same every year.

 

[mikegriffith1]

Notice how liberals keep ducking the main point: that revenue is going up, not down. Remember just a couple of months ago when liberals were assuring us that revenue would go down, even after they've been shown dozens of times that revenue has gone up after every major tax cut since the early 1900s?

 

[rightwinger]

Notice how liberals keep ducking the main point: that revenue is going up, not down. Remember just a couple of months ago when liberals were assuring us that revenue would go down, even after they've been shown dozens of times that revenue has gone up after every major tax cut since the early 1900s?

Revenue went up from 2017 stock market returns in April taxes
There is no correlation to the January tax cut. In fact, that revenue was taxed at a 2017rate

 

[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.

 

[bripat9643]

Notice how liberals keep ducking the main point: that revenue is going up, not down. Remember just a couple of months ago when liberals were assuring us that revenue would go down, even after they've been shown dozens of times that revenue has gone up after every major tax cut since the early 1900s?

Yes, I've noticed. None of these turds understand how our tax system works.

 

[bripat9643]

Notice how liberals keep ducking the main point: that revenue is going up, not down. Remember just a couple of months ago when liberals were assuring us that revenue would go down, even after they've been shown dozens of times that revenue has gone up after every major tax cut since the early 1900s?

Revenue went up from 2017 stock market returns in April taxes
There is no correlation to the January tax cut. In fact, that revenue was taxed at a 2017rate

Wrong again, moron.

 

[bripat9643]

April 17 2018 was the filing date for 2017 tax returns

Revenue in April reflects an influx of people paying their 2017 taxes. It has nothing to do with a tax cut that took effect in Jan 2018

Wrong. You are as dumb as Faux. You pay your taxes every time you get a paycheck. The government doesn't wait until the end of the year to collect the money and then spend it. When the rates change because of a new tax bill, the changes in revenue to the government are effected immediately when employers calculate your income tax based on the new rates.

If you are one of those suckers who actually work, you pay taxes with every paycheck. If you are one of the lucky few who make their money off of stocks, you can defer payment until April 15

Almost no one lives entirely off of income from stocks, moron. I have an LLC. I have to file quarterly.

The ones with real wealth do

The stock market rose 18 percent last year and income tax revenues increased 13 percent

Not surprising

Almost no one has that much wealth. Trust fund babies are about the only people who fit the description.

 

[rightwinger]

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.

Salaries were stagnant in 2016 and 2007
The stock market was much higher in 2017than 2016

For the Trump tax cuts to increase revenue 13 percent in just one quarter, wages would have had to go up 52 percent

 

[abu afak]

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 Bush II.
and we had Crashes 7 years into both their admins: 1987/2007.
We won't have to wait that long this time.
`

 

[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.

Salaries were stagnant in 2016 and 2007
The stock market was much higher in 2017than 2016

For the Trump tax cuts to increase revenue 13 percent in just one quarter, wages would have had to go up 52 percent

Wages aren't the only source of taxes or income, moron. No matter how you try to spin it, snowflake theories of doom and gloom about the Trump tax cut are obviously false.

 

[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
...​

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.

 

[abu afak]

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

But NOT because of it you high-frequency/low-thought posting Clown
We had the same tax rates during the Clinton (and internet) Boom.

Bush 1's recession was just the structural damage caused by Reagan's irresponsible cuts/over-stimulation and and fallout of the1987 Crash hitting the Jobs market.

bye goofy.
(see if you can put up 20 more in the next 20 minuts jerkoff.)
`

 

[bripat9643]

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

But NOT because of it you high-frequency/low-thought posting Clown
We had the same tax rates during the Clinton (and internet) Boom.

Bush 1's recession was just the structural damage caused by Reagan's irresponsible cuts/over-stimulation and and fallout of the1987 Crash hitting the Jobs market.

bye goofy.
(see if you can put up 20 more in the next 20 minuts jerkoff.)
`

You economic theories are hilarious. A tax cut 10 years earlier caused the recession, not the tax increase that occured immediately prior? How stupid and gullible does someone have to be to fall for that example of pure idiocy?

 

[JoeB131]

Notice how liberals keep ducking the main point: that revenue is going up, not down. Remember just a couple of months ago when liberals were assuring us that revenue would go down, even after they've been shown dozens of times that revenue has gone up after every major tax cut since the early 1900s?

The Trump Tax Giveaways didn't go into effect for tax filing done in April 2018 for 2017.

U.S. national debt increases $1 trillion in 6 months, surpassing $21 trillion mark

In just over six months, the U.S. has added a trillion dollars to its national debt. The benchmark was achieved earlier in March, increasing from the $20 trillion mark reached in early September 2017.

According to MarketWatch, the debt is expected to increase after President Donald Trump signed a debt limit suspension in February. The debt limit suspension allows for unlimited borrowing through March 1, 2019.

 

[JoeB131]

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.

again, they went up because of increases in payments in April, which doesn't count the Trump Tax Giveaways...

It's because taxes were filed from last year.

 

[rightwinger]

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.

Salaries were stagnant in 2016 and 2007
The stock market was much higher in 2017than 2016

For the Trump tax cuts to increase revenue 13 percent in just one quarter, wages would have had to go up 52 percent

Wages aren't the only source of taxes or income, moron. No matter how you try to spin it, snowflake theories of doom and gloom about the Trump tax cut are obviously false.

No shit Fingerboy

I have already accounted for the 2017 stock gains

You can’t account for Trumps tax giveaway raising revenue

 

[Geaux4it]

How much did the deficit grow?

You mean under Obama? He added $7.917 trillion, a 68 percent increase, in seven years

-Geaux

 

[Muhammed]

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?

You're right, Trump can't take all the credit. Revenue has been going up ever since Obama was lame ducked.