- Feb 22, 2017
- 109,032
- 37,882
Proof the tax cuts are working with record revenues. Strange how the debt didn't faze the Democrats or Progressives for eight straight years. Now we have more job openings than workers and they are still whining. Their desperation continues as the economy is blazing!
Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit
By Terence P. Jeffrey | September 13, 2018, | 5:06 PM EDT
(CNSNews.com) - The federal government collected a record $1,521,589,000,000 in individual income taxes through the first eleven months of fiscal 2018 (October 2017 through August 2018), according to the Monthly Treasury Statement released today.
Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit
Once again the Trump sheep prove they are brainless.
The tax cuts were not in place for Oct, Nov or Dec.
Since the tax cuts kicked in, revenue has been less than the previous year 6 out of the 8 months and the total Jan-Aug is less than it was Jan-Aug of 2017. For the time period since the tax cuts kicked in we are $9,726,000,000 behind the same period in 2017.
This includes a record setting April that was fueled by people like me paying the remainder of their 2017 tax burden that was not covered by payroll deductions.
https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0818.pdf