Record income tax collections continue

[tnt]

@Cratic3947

Right… It’s silly. Stupid in fact.

I am very sure Trump paid hookers to pee on the bed Obama slept in. Completely jives with what we know about his personality.

[SottoVoce]

@Cratic3947

Looks like inflation is down…

U.S. Inflation Rate History and Forecast

Year	Inflation Rate YOY	Events Affecting Inflation
2015	0.7%	Deflation in oil and gas prices
2016	2.1%
2017	2.1%	Core inflation rate 1.8%. The current rate is updated monthly.
2018	1.9%	Forecast. Core rate 1.9 %

From Google…

Uh. Context. Compare wage increase to inflation.

[LucyLou]

@Cratic3947

Trump is not willing to cut entitlements like SS and medicare, so we have the deficits that have been predicted for decades.

Social Security/FICA taxes were not cut, so why should they pay for the taxes that were cut?

[Kyshia]

I’m happy that the morons have one last shred of data to cling to.

[Cratic3947]

@Kyshia

Income tax collections go up almost every year. So much for that meme.

Even after a large Tax cut…

[Cratic3947]

@LucyLou

@Cratic3947

Trump is not willing to cut entitlements like SS and medicare, so we have the deficits that have been predicted for decades.

Social Security/FICA taxes were not cut, so why should they pay for the taxes that were cut?

???..They don’t. I’m not real sure what you mean…

[JayJay]

@kingarthur65

@Cratic3947

If Trump wins the mid terms, corp investment will increase, and so will corp tax collections.

Corp tax collections declined substantially. In order for Corp tax collections to equal what they were in 2017, revenues would have to increase by at least 50%. That’s just not realistic. In the meantime we have to hope that the individuals make up the difference.

You really should change the title of this thread. As it stands now, the title is false.

Ha ha. You think Cratic cares that his headline is false.

[Cratic3947]

@SottoVoce

@Cratic3947

Looks like inflation is down…

U.S. Inflation Rate History and Forecast

Year	Inflation Rate YOY	Events Affecting Inflation
2015	0.7%	Deflation in oil and gas prices
2016	2.1%
2017	2.1%	Core inflation rate 1.8%. The current rate is updated monthly.
2018	1.9%	Forecast. Core rate 1.9 %

From Google…

Uh. Context. Compare wage increase to inflation.

If inflation is less than 2%, there is almost no inflation…lol!

[tnt]

@Cratic3947

Even after a large Tax cut…

All your data is proving is the tax cuts were skewed heavily toward corps and high income wall streeters who’s incomes count as corporate earnings.

That’s all.

And re: your claim that in 3 years corp taxes will be at pre-cut levels…that would take about a 50% increase in corporate profit. That’s not going to happen.

[Cratic3947]

@JayJay

@kingarthur65

@Cratic3947

If Trump wins the mid terms, corp investment will increase, and so will corp tax collections.

Corp tax collections declined substantially. In order for Corp tax collections to equal what they were in 2017, revenues would have to increase by at least 50%. That’s just not realistic. In the meantime we have to hope that the individuals make up the difference.

You really should change the title of this thread. As it stands now, the title is false.

Ha ha. You think Cratic cares that his headline is false.

It’s not false… Income tax are coming in at record pace after the tax cut. I imagine payroll taxes are also…

[Cratic3947]

@tnt

@Cratic3947

Even after a large Tax cut…

All your data is proving is the tax cuts were skewed heavily toward corps and high income wall streeters who’s incomes count as corporate earnings.

That’s all.

And re: your claim that in 3 years corp taxes will be at pre-cut levels…that would take about a 50% increase in corporate profit. That’s not going to happen.

Or more corporations paying…

[WuWei]

@tnt

@Cratic3947

Even after a large Tax cut…

All your data is proving is the tax cuts were skewed heavily toward corps and high income wall streeters who’s incomes count as corporate earnings.

That’s all.

And re: your claim that in 3 years corp taxes will be at pre-cut levels…that would take about a 50% increase in corporate profit. That’s not going to happen.

I used to think you libs knew a lot about the economy…

[Cratic3947]

@Kyshia

I’m happy that the morons have one last shred of data to cling to.

Jobs up
Wages up
Manufacturing up

Lots more than one shred. Morons can’t learn from facts…

[SottoVoce]

@Cratic3947

@SottoVoce

@Cratic3947

Looks like inflation is down…

U.S. Inflation Rate History and Forecast

Year	Inflation Rate YOY	Events Affecting Inflation
2015	0.7%	Deflation in oil and gas prices
2016	2.1%
2017	2.1%	Core inflation rate 1.8%. The current rate is updated monthly.
2018	1.9%	Forecast. Core rate 1.9 %

From Google…

Uh. Context. Compare wage increase to inflation.

If inflation is less than 2%, there is almost no inflation…lol!

Ok.

Wages aren’t growing when adjusted for inflation, new data finds

[JayJay]

@Cratic3947

@JayJay

@kingarthur65

@Cratic3947

If Trump wins the mid terms, corp investment will increase, and so will corp tax collections.

Corp tax collections declined substantially. In order for Corp tax collections to equal what they were in 2017, revenues would have to increase by at least 50%. That’s just not realistic. In the meantime we have to hope that the individuals make up the difference.

You really should change the title of this thread. As it stands now, the title is false.

Ha ha. You think Cratic cares that his headline is false.

It’s not false… Income tax are coming in at record pace after the tax cut. I imagine payroll taxes are also…

It’s false.

[Cratic3947]

@SottoVoce

@Cratic3947

@SottoVoce

@Cratic3947

Looks like inflation is down…

U.S. Inflation Rate History and Forecast

Year	Inflation Rate YOY	Events Affecting Inflation
2015	0.7%	Deflation in oil and gas prices
2016	2.1%
2017	2.1%	Core inflation rate 1.8%. The current rate is updated monthly.
2018	1.9%	Forecast. Core rate 1.9 %

From Google…

Uh. Context. Compare wage increase to inflation.

If inflation is less than 2%, there is almost no inflation…lol!

Ok.

Wages aren’t growing when adjusted for inflation, new data finds - MarketWatch

For the second quarter. That’s not the effect of inflation, it’s the effect of so many returning to entry level jobs.

See, if you get a lot of new hires at entry wages, it lowers the average wage, but it’s a sign of a great economy.

Let’s see what happened in the 3rd quarter. 4th quarter may see average wage drops too as so many temps work for Christmas…

I bet Christmas is massive this year…

[mobulis]

@Cratic3947

@JayJay

@kingarthur65

@Cratic3947

If Trump wins the mid terms, corp investment will increase, and so will corp tax collections.

Corp tax collections declined substantially. In order for Corp tax collections to equal what they were in 2017, revenues would have to increase by at least 50%. That’s just not realistic. In the meantime we have to hope that the individuals make up the difference.

You really should change the title of this thread. As it stands now, the title is false.

Ha ha. You think Cratic cares that his headline is false.

It’s not false… Income tax are coming in at record pace after the tax cut. I imagine payroll taxes are also…

Sorry but your imagination is irrelevant,

[Cratic3947]

@mobulis

@Cratic3947

@JayJay

@kingarthur65

@Cratic3947

If Trump wins the mid terms, corp investment will increase, and so will corp tax collections.

Corp tax collections declined substantially. In order for Corp tax collections to equal what they were in 2017, revenues would have to increase by at least 50%. That’s just not realistic. In the meantime we have to hope that the individuals make up the difference.

You really should change the title of this thread. As it stands now, the title is false.

Ha ha. You think Cratic cares that his headline is false.

It’s not false… Income tax are coming in at record pace after the tax cut. I imagine payroll taxes are also…

Sorry but your imagination is irrelevant,

Not according to some quantum mechanics, But I think there is a better explanation for the out come of the double split experiment…

[Tilly_jow]

@tnt

@Cratic3947

Return on corp investments takes time.

Lol. You don’t know what you are talking about.

Are you implying he ever did?

[kingarthur65]

@Cratic3947

Even if corp taxes do return to the same amount collected, because of the increased pay and number of jobs employee are getting we can expect income tax receipts to keep at record pace.

But, about 3 years into the tax cuts, I bet we see more corp tax receipts.

We have to have record income tax receipts from individuals to make up for the losses in corporate receipts.