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Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January
Topic Started: Feb 13 2018, 11:14 AM (286 Views)
dcbl
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Good guys wear white hats
Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

(CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today.
Republicans sign checks on the front, democrats sign them on the back…True story!
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dcbl
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Good guys wear white hats
oh look

we put in a tax cut and collected money goes up

who would have ever predicted this? I mean, except for EVERYBODY that understands that revenues almost ALWAYS go up with tax cuts

meanwhile, democrats continue to scream at the sky - weren't we told that people would die because of the Trump tax cuts?

oh well, maybe next time...
Republicans sign checks on the front, democrats sign them on the back…True story!
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Robertr2000
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Lower taxes, increase money velocity, increase tax revenue.



Now if we could just shrink Government. :hooray:
"if that **** wins we'll all hang from nooses"
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Opinionated
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dcbl
Feb 13 2018, 11:15 AM
oh look

we put in a tax cut and collected money goes up

who would have ever predicted this? I mean, except for EVERYBODY that understands that revenues almost ALWAYS go up with tax cuts

meanwhile, democrats continue to scream at the sky - weren't we told that people would die because of the Trump tax cuts?

oh well, maybe next time...
On it's face your statement that revenues always go up after a tax cut is logically false. If we cut the tax rate to zero, revenues would not go up. And logically it follows that there is some point before zero where if tax rates were cut, revenues would also not go up.

And based on this, from your article:

Quote:
 
Over the last twenty fiscal years, going back to 1999, the federal government has run surpluses in the month of January 13 times and deficits 7 times. Six of the Januaries in which the federal government ran deficits overlapped President Barack Obama’s time in office—including January 2009, the month Obama was inaugurated, and the Januaries in 2010, 2011, 2012, 2014 and 2016.


It seems unlikely that January's surplus is a) all that unusual and b) based exclusively or even primarily on the Trump tax cut.

It is pretty normal for the Feds to run a tax surplus during some months while it runs a tax deficit in other months. If the Feds go the next twelve or more months consistently running a surplus, then you'll have something you can point to and crow about.

And I would suggest that before you start casting stones at liberals that you actually account for the facts involved, so you don't look so much like a fool.
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PATruth
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A smaller cut from a MUCH bigger pie translates into more pie. This will confuse our liberal posters. Maybe the real issue is liberals want to punish private businesses and successful people?
Don't like Trump? My advice, you have two thumbs, pick one and suck it...
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Opinionated
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Except in one month the pie hasn't even had the chance to grow. What we have here is correlation with no proof of causation.
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PATruth
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Feb 13 2018, 11:29 AM
Except in one month the pie hasn't even had the chance to grow. What we have here is correlation with no proof of causation.
Optimism creates action, scared money stays liquid. No one invests without confidence. Trump has restored confidence, especially after the "you didn't build that" president did nothing but attack the business community for 8 years. Hundreds of billions of dollars are coming back to the US. We are no longer talking about American companies leaving the states, we are talking about jobs coming home. The entire mindset has changed for the better and liberals like yourself can't deal with it.

Don't like Trump? My advice, you have two thumbs, pick one and suck it...
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BuckFan

One month does not make a fiscal year. We are still running higher deficits and the new budget proposal is suggesting trillion dollar plus deficits for the forseeable future

https://www.marketwatch.com/story/us-runs-january-budget-surplus-of-49-billion-treasury-says-2018-02-12

Also, according to the CBO, the lost revenue from the tax cuts has not kicked in yet since companies had until the middle or end of January to start the new tax withholding. CBO expects revenues will be $10Billion per month less and we will run out of money sooner than expected.

https://www.washingtonpost.com/news/business/wp/2018/01/31/federal-debt-limit-deadline-moved-up-to-mid-march-adding-urgency-to-another-congressional-task/?utm_term=.70db17cfd0d2
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Drudge X
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So much winning.
Leftism unchecked = Chicago, Detroit, Baltimore, St. Louis
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PATruth
Feb 13 2018, 11:37 AM
Opinionated
Feb 13 2018, 11:29 AM
Except in one month the pie hasn't even had the chance to grow. What we have here is correlation with no proof of causation.
Optimism creates action, scared money stays liquid. No one invests without confidence. Trump has restored confidence, especially after the "you didn't build that" president did nothing but attack the business community for 8 years. Hundreds of billions of dollars are coming back to the US. We are no longer talking about American companies leaving the states, we are talking about jobs coming home. The entire mindset has changed for the better and liberals like yourself can't deal with it.

Restored confidence while the stock market bounces around a 10% loss? :oyvey
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PATruth
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Opinionated
Feb 13 2018, 11:57 AM
PATruth
Feb 13 2018, 11:37 AM
Opinionated
Feb 13 2018, 11:29 AM
Except in one month the pie hasn't even had the chance to grow. What we have here is correlation with no proof of causation.
Optimism creates action, scared money stays liquid. No one invests without confidence. Trump has restored confidence, especially after the "you didn't build that" president did nothing but attack the business community for 8 years. Hundreds of billions of dollars are coming back to the US. We are no longer talking about American companies leaving the states, we are talking about jobs coming home. The entire mindset has changed for the better and liberals like yourself can't deal with it.

Restored confidence while the stock market bounces around a 10% loss? :oyvey
So the market gave back 10% of the 6 TRILLION dollars it gained? It's called profit taking but then again I wouldn't expect you to understand that. Relax, we have a man that understands business in the WH, not a man that holds the private sector in contempt.
Don't like Trump? My advice, you have two thumbs, pick one and suck it...
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Opinionated
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PATruth
Feb 13 2018, 12:03 PM
Opinionated
Feb 13 2018, 11:57 AM
PATruth
Feb 13 2018, 11:37 AM
Opinionated
Feb 13 2018, 11:29 AM
Except in one month the pie hasn't even had the chance to grow. What we have here is correlation with no proof of causation.
Optimism creates action, scared money stays liquid. No one invests without confidence. Trump has restored confidence, especially after the "you didn't build that" president did nothing but attack the business community for 8 years. Hundreds of billions of dollars are coming back to the US. We are no longer talking about American companies leaving the states, we are talking about jobs coming home. The entire mindset has changed for the better and liberals like yourself can't deal with it.

Restored confidence while the stock market bounces around a 10% loss? :oyvey
So the market gave back 10% of the 6 TRILLION dollars it gained? It's called profit taking but then again I wouldn't expect you to understand that. Relax, we have a man that understands business in the WH, not a man that holds the private sector in contempt.
Trump understands exactly jack, and no more.
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PATruth
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Opinionated
Feb 13 2018, 12:06 PM
PATruth
Feb 13 2018, 12:03 PM
Opinionated
Feb 13 2018, 11:57 AM
PATruth
Feb 13 2018, 11:37 AM
Opinionated
Feb 13 2018, 11:29 AM
Except in one month the pie hasn't even had the chance to grow. What we have here is correlation with no proof of causation.
Optimism creates action, scared money stays liquid. No one invests without confidence. Trump has restored confidence, especially after the "you didn't build that" president did nothing but attack the business community for 8 years. Hundreds of billions of dollars are coming back to the US. We are no longer talking about American companies leaving the states, we are talking about jobs coming home. The entire mindset has changed for the better and liberals like yourself can't deal with it.

Restored confidence while the stock market bounces around a 10% loss? :oyvey
So the market gave back 10% of the 6 TRILLION dollars it gained? It's called profit taking but then again I wouldn't expect you to understand that. Relax, we have a man that understands business in the WH, not a man that holds the private sector in contempt.
Trump understands exactly jack, and no more.
So the man that has run a multi-billion dollar empire knows jack and the community organizer that never held a real job in the private sector was better prepared to run the economy?

Maybe the reality is you would you prefer a full blown socialist to a successful businessman?




Don't like Trump? My advice, you have two thumbs, pick one and suck it...
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Robert Stout
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Results peak louder than words...Wait a year from now............. :biggrin:
Jesus can raise the dead, but he can't fix stupid
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Opinionated
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PATruth
Feb 13 2018, 12:09 PM
Opinionated
Feb 13 2018, 12:06 PM
PATruth
Feb 13 2018, 12:03 PM
Opinionated
Feb 13 2018, 11:57 AM
PATruth
Feb 13 2018, 11:37 AM

Quoting limited to 5 levels deep
Restored confidence while the stock market bounces around a 10% loss? :oyvey
So the market gave back 10% of the 6 TRILLION dollars it gained? It's called profit taking but then again I wouldn't expect you to understand that. Relax, we have a man that understands business in the WH, not a man that holds the private sector in contempt.
Trump understands exactly jack, and no more.
So the man that has run a multi-billion dollar empire knows jack and the community organizer that never held a real job in the private sector was better prepared to run the economy?

Maybe the reality is you would you prefer a full blown socialist to a successful businessman?




If you actually read up on Trump's "empire", you'd find that he's managed to loose as much money as he's made and that many of his business enterprises were not much more than scams. If you think that makes a man smart, you and I have dramatically different definitions of smart.
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Opinionated
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Robert Stout
Feb 13 2018, 12:47 PM
Results peak louder than words...Wait a year from now............. :biggrin:
A year from now you might have something to brag about, and then again you might not.
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70-101
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Good.

Perhaps now the Liar in Chief won't rob the poor to pay the rich - but I won't hold my breath.
“U bum. ... Going to White House was a great honor until you showed up!" - LeBron James, addressing Trump directly in a tweet.
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Robertr2000
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Opinionated
Feb 13 2018, 01:19 PM
Robert Stout
Feb 13 2018, 12:47 PM
Results peak louder than words...Wait a year from now............. :biggrin:
A year from now you might have something to brag about, and then again you might not.
At the end of the year after more take home pay, higher bonus'$ ect.... I will have $omething to $mile about. Heck I'm $miling now.
I've been smiling since the morning after the election and thing$ just keep getting better and better. :usa:


How are you? :angry:





Edited by Robertr2000, Feb 13 2018, 01:35 PM.
"if that **** wins we'll all hang from nooses"
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CautionaryTales
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Must be runnin a sale on get out of jail free passes.
“ The Trump/Russia story won't go away because the Fake President is at the eye of this storm and there is no getting away from that.
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PATruth
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Opinionated
Feb 13 2018, 01:19 PM
PATruth
Feb 13 2018, 12:09 PM
Opinionated
Feb 13 2018, 12:06 PM
PATruth
Feb 13 2018, 12:03 PM
Opinionated
Feb 13 2018, 11:57 AM

Quoting limited to 5 levels deep
So the market gave back 10% of the 6 TRILLION dollars it gained? It's called profit taking but then again I wouldn't expect you to understand that. Relax, we have a man that understands business in the WH, not a man that holds the private sector in contempt.
Trump understands exactly jack, and no more.
So the man that has run a multi-billion dollar empire knows jack and the community organizer that never held a real job in the private sector was better prepared to run the economy?

Maybe the reality is you would you prefer a full blown socialist to a successful businessman?




If you actually read up on Trump's "empire", you'd find that he's managed to loose as much money as he's made and that many of his business enterprises were not much more than scams. If you think that makes a man smart, you and I have dramatically different definitions of smart.
Maybe you should read up on Obama, the coke snorting, affirmative action punk and community agitator that turned to politics when all else failed. Then there's Hillary, the crooked lawyer who married the right man and parlayed that into a multi-million dollar influence peddling scheme. I'll take Trump any day of the week..
Don't like Trump? My advice, you have two thumbs, pick one and suck it...
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