when the bill comes due
- Thread starter Bulletbob
- Start date
LOLOLOLOLOLOL! That link is from mid-2018, and 2018 saw $63B LESS in revenues than 2017 YOU FUCKING LOSER.
Actual Receipts are Reported by Treasury
Receipts
Jan-2017: $344,069
Feb-2017: $171,713
Mar-2017: $216,584
Apr-2017: $455,605
May-2017: $240,418
Jun-2017: $388,660
Jul-2017: $232,040
Aug-2017: $226,311
Sep-2017: $348,722
Oct-2017: $235,341
Nov-2017: $208,374
Dec-2017: $325,797
Total-2017: $3,393,634
Receipts - FIRST YEAR OF RUSSIA TAX CUT
Jan-2018: $361,038
Feb-2018: $155,623
Mar-2018: $210,832
Apr-2018: $510,447
May-2018: $217,075
Jun-2018: $316,278
Jul-2018: $225,266
Aug-2018: $219,115
Sep-2018: $343,559
Oct-2018: $252,692
Nov-2018: $205,961
Dec-2018: $312,584
Total-2018: $3,330,470
-$63,164 from previous year
Receipts
Jan-2019: $339,980
Feb-2019: $167,265
Mar-2019: $228,811
Apr-2019: $535,545
May-2019: $232,064
Jun-2019: $333,952
Jul-2019: $251,348
Aug-2019: $227,965
Sep-2019: $374,028
Oct-2019: $245,520
Nov-2019: $225,185
Dec-2019: $335,805
Total-2019: $3,497,468
+103,834 from 2017, a 3% gain
Inflation from 2017 to 2019 was 4.3%
So the net loss is about -1.3% from two years of tax cuts.
So how'd we do for 2020?
Receipts
Jan-2020: $372,288
Feb-2020: $187,951
Mar-2020: $236,766
Apr-2020: $241,863
May-2020: $173,861
Jun-2020: $240,829
Jul-2020: $563,496
Aug-2020: $223,221
Sep-2020: $373,169
Oct-2020: $237,698
Nov-2020: $219,553
Dec-2020: $346,119
Total-2020: $3,416,814
-$80,654 from 2019
So after three years of the Russia Tax Cut, revenue grew by just $23,180 (0.7%).
However, inflation from 2017-2020 was 5.6%, so revenue was down by 4.9% after three years of the Russia Tax Cut.
The Russia Tax Cut didn't pay for itself, and instead plunged us into a recession.
Why do you pretend to care shit-for-brains? For idiots on the left who don't have the brains God gave a lemming; we don't need MORE spending.
I know.
You don't, and I doubt you ever have, or ever will.
LIAR ALERT.
The Tax Cuts and Jobs Act of 2017 was signed into law on 12-22-17
Revenue for 2016 was $3,489 trillion.
Revenue for 2017 after the law was signed came in at $3.545 trillion.
$3.545 trillion is greater than $3,489 trillion.
Revenue for 2018 was $3.633 Trillion.
$3.633 is greater than $3.545 trillion.
Try to be less of an ignorant lying asshole okay?
The reason why Legion's hyperlink is broken here is because the editorial he's using is from July of 2018, after only 6 months of the tax cut.
But revenue for 2018 was lower than 2017:
2017 Total Revenue: $3,393,634
2018 Total Revenue: $3,330,470
Is $3,393,634 > or < $3,330,470?
2019 Total Revenue: $3,497,468
2020 Total Revenue: $3,416,814
So three years of tax cuts took us from $3,393,634 in 2017 to $3,416,814 in 2020, which is a gain of $23,180 or 0.1%.
Now, what was inflation from 2017 to 2020, since this is all in Real Dollars? 5.6%. So subtract that from the percentage gain and you end up with -5.5%.
So...the Russia Tax Cut depressed revenue by 5.5% in 3 years.
Again, I know.
And it took effect 1/2/2018.
LMAO!
Boy are you stupid.
The tax cut took effect 1/2/18, it wasn't retroactive to 2017 revenues you stupid idiot.
LOLOLOLOLOLOLOLOL
You're so fucking stupid, you didn't even realize the tax cut didn't take effect until 1/2/18.
Stop lying and being a moron JackOFF. You never paid more than Trump and never will even for a hundred lifetimes.
MORON and ASSHOLE alert!!!
The Tax Cuts and Jobs Act of 2017 was signed into law on 12-22-17
Revenue for 2016 was $3,489 trillion.
Revenue for 2017 after the law was signed came in at $3.545 trillion.
$3.545 trillion is greater than $3,489 trillion.
Revenue for 2018 was $3.633 Trillion.
$3.633 is greater than $3.545.
I wish you could be less of a lying low IQ asshole. Really I do.
What a fucking moron you are. You don't even know the basic fundamentals of what you're defending here.
Why do you need to see them JackOFF? It's none of your business. But because you are a brain dead dumbass, you stupidly believe billionaires don't pay taxes. Grow a brain asshole.
Yes, and it took effect on 1/2/18.
It wasn't retroactive to 2017, you stupid moron.
You can see for yourself how fucking stupid you are: https://www.investopedia.com/taxes/trumps-tax-reform-plan-explained/
It literally says the changes to the tax codes start for 2018, not 2017.
You are fucking STUPID.
MORON and ASSHOLE alert!!!
The Tax Cuts and Jobs Act of 2017 was signed into law on 12-22-17
Revenue for 2016 was $3,489 trillion.
Revenue for 2017 after the law was signed came in at $3.545 trillion.
$3.545 trillion is greater than $3,489 trillion.
Revenue for 2018 was $3.633 Trillion.
$3.633 is greater than $3.545.
I wish you could be less of a lying low IQ asshole. Really I do.
The tax cut was not in effect for 2017 you dumb bastard.
What a fucking moron and ASSHOLE you are. You don't even know basic facts or comprehend how economics work.
The Tax Cuts and Jobs Act of 2017 was signed into law on 12-22-17
Revenue for 2016 was $3,489 trillion.
Revenue for 2017 after the law was signed came in at $3.545 trillion.
$3.545 trillion is greater than $3,489 trillion.
Revenue for 2018 was $3.633 Trillion.
$3.633 is greater than $3.545
Revenue for 2019 was $3.764 Trillion.
$3.764 is greater than $3.633
Only an ignorant lying little cunt like you thinks the Government has a revenue problem or that Americans should be happy to pay more taxes.
I cna't help it if you don't understand the concept of linear time.
The Tax Cut was signed in 2017, but its provisions didn't take effect until 2018.
So no credit is given to the tax cut for 2017 revenue, since it changed the rates beginning in 2018, according to the legislation itself.
You're so fucking stupid, you don't get that.