Oops, maybe the tax increase is working in a booming economy!

[Ostatedchi]

April was best month in history for U.S. budget, according to CBO figures

https://m.washingtontimes.com/news/2018/may/7/cbo-says-april-was-best-month-history-us-budget/

The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and this more to pay to Uncle Sam.

All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.

CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago.

Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes.

 

[imprimis]

David Brooks: "Seems like what the Trump people told us would happen is happening."

http://www.breitbart.com/video/2018...ump-people-told-us-would-happen-is-happening/

 

[OKSTATE1]

If this is verified and continues the blue wave will become the forgotten snowflake wave.

 

[imprimis]

Crumbs, anyone?

 

[HighStickHarry]

 

[AC_Exotic]

Supply siders always say tax cuts result in increased tax revenues.

 

[Headhunter]

Obama policies finally kicking in.

 

[Alpha Poke]

"Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes"

GTFO!

 

[CSCOTTOSUPOKES]

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53821-mbr.pdf

What’s funny is you all buy into one month of positive data (from a notably conservative publication posting one piece of the pie, not accounting for anything else) yet let’s see if you can handle the negative data...


- “The federal budget deficit was $382 billion for the first seven months of fiscal year 2018, the Congressional Budget Office estimates, $37 billion more than the shortfall recorded during the same period last year.”

- “Revenues and outlays were higher, by 4 percent and 5 percent, respectively, than they were during the first seven months of fiscal year 2017.”

- “Corporate income tax payments [April 2018] declined by $14 billion (or 24 percent).” This was the first month of new tax plan payments.

- “Actual Deficit in March 2018: $209 Billion
The Treasury Department reported a deficit of $209 billion for April—$2 billion more than CBO estimated last month, on the basis of the Daily Treasury Statements, in the Monthly Budget Review for March 2018”



I’ll be looking at the economic projection coming out and see if it differs much from April’s report...hoping for positive results, but not expecting them - if it doesn’t, projected deficits are looking to approach 100 percent of GDP if no changes are made to tax plan.

 

[CSCOTTOSUPOKES]

The 2001 Bush tax cuts took a FY 2001 budget surplus of $128 billion (Clintonomics holdover) to a FY 2002 deficit of nearly $158 billion. FY 2003 was an actual deficit of more than $375 billion.

FY 2009 budget deficit was more than $1.4 trillion.



You all keep hoping for Trumponomics to pay off tho lol

 

[HanAholeSolo2.0]

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53821-mbr.pdf

What’s funny is you all buy into one month of positive data (from a notably conservative publication posting one piece of the pie, not accounting for anything else) yet let’s see if you can handle the negative data...


- “The federal budget deficit was $382 billion for the first seven months of fiscal year 2018, the Congressional Budget Office estimates, $37 billion more than the shortfall recorded during the same period last year.”

- “Revenues and outlays were higher, by 4 percent and 5 percent, respectively, than they were during the first seven months of fiscal year 2017.”

- “Corporate income tax payments [April 2018] declined by $14 billion (or 24 percent).” This was the first month of new tax plan payments.

- “Actual Deficit in March 2018: $209 Billion
The Treasury Department reported a deficit of $209 billion for April—$2 billion more than CBO estimated last month, on the basis of the Daily Treasury Statements, in the Monthly Budget Review for March 2018”



I’ll be looking at the economic projection coming out and see if it differs much from April’s report...hoping for positive results, but not expecting them - if it doesn’t, projected deficits are looking to approach 100 percent of GDP if no changes are made to tax plan.

 

[CSCOTTOSUPOKES]

Ignorance is bliss...living in that echo chamber.

 

[HanAholeSolo2.0]

Ignorance is bliss...living in that echo chamber.

look at yourself. You fit your description better than anyone.

 

[CSCOTTOSUPOKES]

look at yourself. You fit your description better than anyone.

Lol...yeah me, myself and #facts. It’s a fun little fiesta haha

 

[Alpha Poke]

You never had one course in economics, but you’re a natural.

 

[CSCOTTOSUPOKES]

You never had one course in economics, but you’re a natural.

Lol...yeah I didn’t earn a scholarship from Junior Achievement with an A in economics in high school, or take any economics courses in college...

Yeah that’s it haha

 

[EvilPOKES]

 

[aix_xpert]

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53821-mbr.pdf

What’s funny is you all buy into one month of positive data (from a notably conservative publication posting one piece of the pie, not accounting for anything else) yet let’s see if you can handle the negative data...


- “The federal budget deficit was $382 billion for the first seven months of fiscal year 2018, the Congressional Budget Office estimates, $37 billion more than the shortfall recorded during the same period last year.”

- “Revenues and outlays were higher, by 4 percent and 5 percent, respectively, than they were during the first seven months of fiscal year 2017.”

- “Corporate income tax payments [April 2018] declined by $14 billion (or 24 percent).” This was the first month of new tax plan payments.

- “Actual Deficit in March 2018: $209 Billion
The Treasury Department reported a deficit of $209 billion for April—$2 billion more than CBO estimated last month, on the basis of the Daily Treasury Statements, in the Monthly Budget Review for March 2018”



I’ll be looking at the economic projection coming out and see if it differs much from April’s report...hoping for positive results, but not expecting them - if it doesn’t, projected deficits are looking to approach 100 percent of GDP if no changes are made to tax plan.

Of your entire post, only one entry actually applies to the topic at hand, and that's the reduced corporate tax payments, however, that deficit was easily absorbed by the increase in personal income tax payments. Otherwise, the remainder of your post either is measuring pre-tax cut numbers (which aren't applicable to a discussion of post-tax cut results), or are associated with spending which I expect most of us here would like to see that reduced as well.

 

[Bitter Creek]

Of your entire post, only one entry actually applies to the topic at hand, and that's the reduced corporate tax payments, however, that deficit was easily absorbed by the increase in personal income tax payments. Otherwise, the remainder of your post either is measuring pre-tax cut numbers (which aren't applicable to a discussion of post-tax cut results), or are associated with spending which I expect most of us here would like to see that reduced as well.

More or less my thoughts as well.

 

[Alpha Poke]

Lol...yeah I didn’t earn a scholarship from Junior Achievement with an A in economics in high school, or take any economics courses in college...

Yeah that’s it haha

An A in HS economics?

Why didn’t you say so earlier Milton?

 

[Bitter Creek]

Lol...yeah I didn’t earn a scholarship from Junior Achievement with an A in economics in high school, or take any economics courses in college...

Yeah that’s it haha

Funny stuff

 

[OKSTATE1]

Of your entire post, only one entry actually applies to the topic at hand, and that's the reduced corporate tax payments, however, that deficit was easily absorbed by the increase in personal income tax payments. Otherwise, the remainder of your post either is measuring pre-tax cut numbers (which aren't applicable to a discussion of post-tax cut results), or are associated with spending which I expect most of us here would like to see that reduced as well.

The US Treasury collects more in payroll taxes then it does in income taxes.

 

[Medic007]

Lol...yeah I didn’t earn a scholarship from Junior Achievement with an A in economics in high school, or take any economics courses in college...

Yeah that’s it haha

And at the age of 34 you've made it up the career achievement ladder all the way to fry cook and cable dragger. Look at you go!

 

[Ostatedchi]

And at the age of 34 you've made it up the career achievement ladder all the way to fry cook and cable dragger. Look at you go!

If I had earned a Junior Achievement scholly for getting an A in high school econ and then took some econ classes in college; but now was an out of work fry cook and part time cable dragger and alleged abuser of sedated people - why, I'd probably just kill myself by auto-erotic asphyxiation David Carradine style in order to no longer be a burden on my parents or society in general.

 

[EvilPOKES]

I am all for a little fun in messing with toon...but that one seems a little harsh.

 

[poke2001]

I quit bragging about my high school accolades about 1 week into my freshman year at OSU. I had minimal scholarships and pulled out student loans to get through. I generally ****ed around and took 6 years to finish my engineering degree with an embarrassingly low gpa.

I don’t live at home with parents now though.

 

[Alpha Poke]

I’m fairly certain, this just went nuke.

 

[0rangeSlice]

Puss

 

[CBradSmith]

I quit bragging about my high school accolades about 1 week into my freshman year at OSU. I had minimal scholarships and pulled out student loans to get through. I generally ****ed around and took 6 years to finish my engineering degree with an embarrassingly low gpa.

I don’t live at home with parents now though.

But your hand isn't rotting off.

 

[poke2001]

But your hand isn't rotting off.

I didn’t put it where it didn’t belong!

 

[CSCOTTOSUPOKES]

If I had earned a Junior Achievement scholly for getting an A in high school econ and then took some econ classes in college; but now was an out of work fry cook and part time cable dragger and alleged abuser of sedated people - why, I'd probably just kill myself by auto-erotic asphyxiation David Carradine style in order to no longer be a burden on my parents or society in general.

You think I should kill myself. Got it.

Interesting boundaries for board decorum we’ve now established. Nothing is out of bounds.

 

[anon_xl72qcu5isp39]

If I had earned a Junior Achievement scholly for getting an A in high school econ and then took some econ classes in college; but now was an out of work fry cook and part time cable dragger and alleged abuser of sedated people - why, I'd probably just kill myself by auto-erotic asphyxiation David Carradine style in order to no longer be a burden on my parents or society in general.

Class. Who the fvck raised you? Criminals?

 

[Alpha Poke]

Class. Who the fvck raised you? Criminals?

I’m not saying it’s likely...

But it is possible.

 

[Medic007]

But your hand isn't rotting off.

In fairness to toon, his hand was jacked up. The debridement surgery for that shit is pretty rough. But he should have purchased himself a Messiahcare insurance plan. Those $800 a month premiums and $13,500 deductibles would have saved him from financial ruin for sure.

 

[anon_xl72qcu5isp39]

In fairness to toon, his hand was jacked up. The debridement surgery for that shit is pretty rough. But he should have purchased himself a Messiahcare insurance plan. Those $800 a month premiums and $13,500 deductibles would have saved him from financial ruin for sure.

Yes he should've stuck with the great insurance premiums and deductibles we had before. I'm sure it'll all get fixed soon.

 

[Medic007]

Yes he should've stuck with the great insurance premiums and deductibles we had before. I'm sure it'll all get fixed soon.

Well shit, Messiahcare was supposed to save us $2,500 a year on our premiums. Are we still waiting for it to kick in or what?

 

[Alpha Poke]

Yes he should've stuck with the great insurance premiums and deductibles we had before. I'm sure it'll all get fixed soon.

Again, outside of EPOs, what premium/deductible category went down in aggregate under ACA?

 

[anon_xl72qcu5isp39]

Again, outside of EPOs, what premium/deductible category went down in aggregate under ACA?

Single asian women between 25-35.

 

[Medic007]

Yes he should've stuck with the great insurance premiums and deductibles we had before. I'm sure it'll all get fixed soon.

Maybe you can provide us with a graph showing the annual premium increases prior to the ACA and then how they've drastically fallen since the ACA became effective. Should be real easy to find. Maybe throw in a graph that shows health insurance plan deductibles over time too, since they directly impact out of pocket costs in addition to premium costs. I'm sure those have gone waaaay down as well. According to the Obama salespeople, we should be experiencing an all time low in healthcare costs with the brilliance of Obamacare. That's true, right?

 

[anon_xl72qcu5isp39]

Maybe you can provide us with a graph showing the annual premium increases prior to the ACA and then how they've drastically fallen since the ACA became effective. Should be real easy to find. Maybe throw in a graph that shows health insurance plan deductibles over time too, since they directly impact out of pocket costs in addition to premium costs. I'm sure those have gone waaaay down as well. According to the Obama salespeople, we should be experiencing an all time low in healthcare costs with the brilliance of Obamacare. That's true, right?

Broken record much?

So what has the GOP done over the last 20 years to bring premiums down? @Alpha Poke

You guys are great it shooting at anyone that makes an attempt. So now what? Any excuses left?