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B-CR-TEO
Go Figure: Tax Revenues Climbed $18
Billion In First Month Of GOP Tax Cuts

Investor´s Business Daily, by Staff

Original Article

Posted By:RockyTCB, 2/8/2018 7:49:35 AM

Fiscal Policy: The Congressional Budget Office says that federal revenues in January added up to $362 billion. That´s an increase of $18 billion— or 5.2% — from the year before. As a result, the government ran a surplus of $51 billion that month, which is equal to the previous January. Wait, weren´t the tax cuts supposed to bankrupt the country to benefit the rich? It almost looks like the tax cuts — which took effect in January — are paying for themselves. That wouldn´t be fair, either. As the CBO notes, the new payroll withholding scheduled hadn´t fully taken effect

      


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Reply 1 - Posted by: Mushroom, 2/8/2018 8:13:09 AM     (No. 11537212)

It´s always been one of those things that don´t seem right, but are.
The Feds get a taste every time money changes hands, so by maximizing the number of times and the amount moving they get more and more. The trick is to find the sweet spot between too high a tax that squelches the commerce flow and too low a tax that cannot make up for the lower rate.
Kennedy knew it and Reagan knew it. It is second nature to someone like PDT.

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Reply 2 - Posted by: Scrubber, 2/8/2018 8:21:01 AM     (No. 11537222)

Gee, didn’t see that coming!

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Reply 3 - Posted by: JansGraphix, 2/8/2018 8:32:08 AM     (No. 11537233)

Totally right #1. Gotta luv the increased revenue from lowering absurd leftist taxes. Now if Trump would only understand the importance of reducing the size of govt and expenditures. At the current rate of federal spending we are still running off the cliff to the biggest bankruptcy the world has ever seen.

I seriously doubt this even enters the consciousness of his liberal advisers like Gary Cohn or Ivanka. So many, many redundant and over bloated agencies.

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Reply 4 - Posted by: Cousair, 2/8/2018 8:38:44 AM     (No. 11537239)

And the good news is:
When the stock market dives that means people are selling to take profits.
After capital gains kick in, the tax man comith and grabs their share first. So, maybe the income tax people are the real winners.

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Reply 5 - Posted by: strike3, 2/8/2018 9:35:18 AM     (No. 11537312)

Those who are worried about the proposed budget deficit, do the math. Trump will get the dems to come on board by dangling those billions in front of their faces but will come in behind the proposal with cuts all across government. Given a little time to work, he will us have out of the red (not Republican Red but financial Red) in a short time. We elected him for a reason.

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Reply 6 - Posted by: 6079 Smith, W, 2/8/2018 9:54:24 AM     (No. 11537337)

Revenue has never been the problem. Spending is the problem. The government waste is the problem.

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Reply 7 - Posted by: SALady, 2/8/2018 12:58:50 PM     (No. 11537685)

Economics 101: Any time you increase tax rates, after a very short-term increase in tax revenues, tax revenues ALWAYS decrease.

However, if you decrease tax rates, tax revenue ALWAYS increases.

It has been proven over and over and over again.

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R-TA-Wide_2
  


 
Reply 8 - Posted by: cheeflo, 2/9/2018 12:56:19 PM     (No. 11538695)

Taxes are a fact of life. When they´re reasonable, people don´t look for shelter. When they´re unreasonable, people do, especially the wealthy. It plays out this way every time there is tax relief -- more revenues because of more investment, more wealth created, more employment, and more compliance.

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Reply 9 - Posted by: judy, 2/9/2018 1:52:54 PM     (No. 11538739)

The more you make the more you spend, you more you spend the more taxes you pay, the more taxes you pay the richer you make the government, the richer you make the government proving Trump´s tax cuts work the more you cause the dems to go bonkers.

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