TRUMPONOMICS: Tax Revenues Up Big After GOP Tax Cut

Economics is not static math, learn the difference and prove your claims.

Prove it, basic economics. Why didn't we collect more revenue at the higher rates. Why did we see record tax revenue increases after tax rate cuts?

And respond to my question to you as I do to yours

Did we collect more capital gains tax revenue at the Clinton 29% rate, the Gingrich/Kasich 20% rate or the Bush 15% rate? Did tax revenues overall grow faster at the Clinton rates, the Gingrich/Kaisch rates or Bush rates?

 

Take off the dancing shoes and explain your statements of fact.

 

No you have not proven we collected less tax revenues at the lower Republican tax rates else I'll accept your concession otherwise.

 

Why don't you post it?
Go from about 1950 till today. Please adjust for population and inflation.

 

Let's just take the ACTUAL NUMBERS from NOW ,shall we?

Tax cuts are producing RECORD revenues. PERIOD.


Federal Tax Revenues Hit Record Highs — Are Trump's Tax Cuts Paying For Themselves?



Tax Cuts: The latest monthly Treasury report on taxes and spending shows that gross tax receipts in February were $1.4 billion higher than the year before. Weren't the Republican tax cuts supposed to explode the deficit?
According to the report, the government took in $238.2 billion in taxes in February. The year before, tax revenues were $236.8 billion.

For fiscal year 2018, which started last October, taxes are up $50.5 billion compared with the same months last year, and are at a record high level for this five-month span.

The report does show that net receipts were lower in February compared with last year, but the main reason is that individual income tax refunds jumped $13.3 billion, while corporate tax refunds went up $4 billion, neither of which is the result of the tax cuts that took effect in January.

Even so, net receipts are up by $29.6 billion for the current fiscal year — a 2.4% increase — compared with the same period last year. That's also a record high. (See nearby chart.)



https://www.investors.com/politics/...hs-are-trumps-tax-cuts-paying-for-themselves/

 

I would like to stick to the topic, but you are talking to the wrong guy about going out into the weeds. That's Bluesguy.
But lets try it your way.
With a couple of questions about your link.
1- When did the tax cuts go into effect? I think it was Feb.. If that's true why are we talking about anything before that?
2- I think the tax cuts were for income taxes. What do you think? If you think they are for income taxes, why does your link talk about gross tax revenues. Every time someone enters the workforce they start paying SS and Medicare.
3- I think tax revenues would have gone up about 4.5 percent over last year if we had done nothing. This increase is due to inflation and the growth of the workforce. Do you agree? If not why not?
If you agree with the above, tax revenues fell.

 

I don't disagree hence I used the words "So using your logic of economics" referring to LilMikes knowledge. I do hope LilMike and JosephWalker read your post who don't understand what GDP growth rate is

 

LOL. You still think upswing means forever increasing GDP growth rate!

 

...from the guy who thinks a downswing is an upswing...

 

If anything like our local politicians, and they are, they will say look at all this money coming in, now we can fund these new projects we want.

 

I know the difference, which is why you keep getting schooled here. My claims are proven.

cutting the rate at which we collect revenue, decreases the amount of revenue that would have otherwise be collected. This is a demonstrable mathematical fact, and arguing against it is like arguing against gravity.

 

already have.

 

Its his claim we collect lower tax revenues at lower rates. Prove it. I have already backed my post noting the previous two rounds ofbtad rate cuts and the tax rate increase which preceded those.

 

Give me the message number where you proved bush could have vetoed the Democrats 2009 budget.

 

No you don't know the difference and once again running form you false assertions.
Please respond to what has been asked.

Did we collect more capital gains tax revenue at the Clinton 29% rate, the Gingrich/Kasich 20% rate or the Bush 15% rate? Did tax revenues overall grow faster at the Clinton rates, the Gingrich/Kaisch rates or Bush rates?

 

a downswing would be negative GDP. Any increase year over year above 0% is an upswing.

 

And when you can't refute the facts and win on the merits of your own argument.........engage in the invective.

 

Economic optimism has led to massive domestic investment and growth= due to the tax cuts. The numbers are the numbers. RECORD TAX REVENUES, no matter how you try to spin it....

 

why do you post such silly strawmen all the time? And are you completely incapable of staying on the topic of a thread?

 

I know the difference, which is why you keep getting schooled here. My claims are proven.

cutting the rate at which we collect revenue, decreases the amount of revenue that would have otherwise be collected. This is a demonstrable mathematical fact, and arguing against it is like arguing against gravity.

 

every claim you have made has been refuted, lol

 

and math is math. Had tax rates not been cut, tax revenues would have been higher.

 

More trolling, youvm have questions pending please respond to them.

 

As I said running from your assertions. You are blaming Bush for the Democrats 2009 Budget for not vetoing it adding the resulting $1,400B to your assertion of total Bush deficits/debt. Explain how he could have vetoed that budget.

 

Did we collect more capital gains tax revenue at the Clinton 29% rate, the Gingrich/Kasich 20% rate or the Bush 15% rate? Did tax revenues overall grow faster at the Clinton rates, the Gingrich/Kaisch rates or Bush rates?