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Post by Deleted on Nov 2, 2018 17:49:52 GMT -6
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Post by Deleted on Nov 4, 2018 7:53:03 GMT -6
From the article you provided (https://www.cnsnews.com/news/article/terence-p-jeffrey/feds-collect-record-individual-income-taxes-fy-2018):
"Despite the record amount collected in individual income taxes in fiscal 2018, overall real federal tax revenues in fiscal 2018 were lower than in any of the previous three years. In fiscal 2018, total tax collections equaled $3,328,745,000,000, according to the Treasury statement. That was less than the $3,446,613,230,000 (in constant September 2018 dollars) that the Treasury collected in fiscal 2015; less than the $3,415,674,450,000 (in constant September 2018 dollars) collected in fiscal 2016; and less than the $3,390,373,210,000 (in constant September 2018 dollars) collected in fiscal 2017".
More importantly from your article:
"While the federal government was collecting more income taxes from individuals in fiscal 2018, it was collecting less from corporations. Total corporation income tax collections in fiscal 2018 were $204,733,000,000. In fiscal 2017, they were $303,811,700,000 (in constant September 2018 dollars). In fiscal 2016, they were $313,233,700,000 (in constant September 2018 dollars); and in fiscal 2015, they were $364,738,790,000 (in constant September 2018 dollars)".
Doing the math:
"The federal government ran a deficit for the fiscal year because while collecting $3,328,745,000,000 in total taxes it turned around and spent $4,107,741,000,000".
"The Trump administration is headed for a gigantic debt headache (https://www.cnbc.com/2018/08/02/the-trump-administration-is-headed-for-a-gigantic-debt-headache.html)
-Debt levels are piling up in the government, pushing borrowing costs higher.
-The Treasury Department announced Wednesday that it will be increasing the size of its auctions to help pay for burgeoning budget deficits.
-While the Trump administration has said that economic growth would make up for shortfalls from tax cuts and spending increases, the early results do not bear that out".
The truth is the US is experiencing continued economic and job growth that began under the Obama administration. However, the path of continuing economic and job growth initiated by Obama will be killed with Trump's increasing deficits, debt, and interest rates. Trump's imagined economic boom is not happening, as many already knew and forecasted. "Trickle down economics" never trickles down. As history has demonstrated time and again, trickle down economics leads to economic slow downs, recessions, and even great depressions.
Trump's fiscal recklessness is creating a financial crisis that will blow in the face of the US.
. . . Trump's great at bankrupting!
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Post by Deleted on Nov 4, 2018 7:58:01 GMT -6
Why do you read breitbart?? More importantly, why do you believe breitbart's articles??
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Post by Deleted on Nov 4, 2018 8:55:20 GMT -6
Why do you read breitbart?? More importantly, why do you believe breitbart's articles?? Well if you don’t agree it must be a lieI assume... Business leaders back up these claims and say it wouldn’t have happened without Trumps help.. A guy I know that was hired at Plymouth tube told me they are back in business because of Trump..Vactor I am sure has benefitted also as they are going balls to the walls also.
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Post by OutlawwithaSnipeSniper on Nov 4, 2018 13:08:00 GMT -6
Why do you read breitbart?? More importantly, why do you believe breitbart's articles?? How much did we save from the 1 Million fewer Welfare recipients? Just for grins, do YOU always spend 5 percent more the next year no matter your income? HMMMMMMM? Besides, you Libbies keep saying the personal tax cuts are the reason for deficits, which CLEARLY they are NOT. Try to focus.
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Post by Blue Star on Nov 4, 2018 13:14:55 GMT -6
Breitbart has been proven fake news. Google that. LOL!
While you're at it, check it's backers & "About."
And ... who started the page.
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Post by rachelsalterego1 on Nov 4, 2018 13:48:22 GMT -6
Why do you read breitbart?? More importantly, why do you believe breitbart's articles?? I guess you should be asking why Andrew Breitbart died 2 days after promising to release a video of Obama in college?
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Post by OutlawwithaSnipeSniper on Nov 4, 2018 14:39:09 GMT -6
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Post by Blue Star on Nov 4, 2018 14:41:41 GMT -6
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Post by Blue Star on Nov 4, 2018 14:45:21 GMT -6
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Post by OutlawwithaSnipeSniper on Nov 4, 2018 16:27:33 GMT -6
So we should automatically discount anything said because they aren't always right?
I guess saying I would save 2500 dollars on my health care or tat I could keep my Doctor didn't count?
Or perhaps you should do as most of us do, take it in and verify its authenticity, less we get lied to by the other side?
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Post by northsider on Nov 4, 2018 17:04:21 GMT -6
So we should automatically discount anything said because they aren't always right? I guess saying I would save 2500 dollars on my health care or tat I could keep my Doctor didn't count? Or perhaps you should do as most of us do, take it in and verify its authenticity, less we get lied to by the other side? Did you have to switch doctors after the ACA passed?
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Post by Deleted on Nov 4, 2018 17:08:06 GMT -6
Yep. Obama set it in motion nine years ago and the US is experiencing continued economic growth and continued job growth. You do know Obama was POTUS in 2009 (nine years ago), don't you??
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Post by Deleted on Nov 4, 2018 17:17:00 GMT -6
Why do you read breitbart?? More importantly, why do you believe breitbart's articles?? Well if you don’t agree it must be a lieI assume... Business leaders back up these claims and say it wouldn’t have happened without Trumps help.. A guy I know that was hired at Plymouth tube told me they are back in business because of Trump..Vactor I am sure has benefitted also as they are going balls to the walls also. I'm wondering why you like to read breibart and why you're so fast to believe the articles. You've commented about everything under the sun yet you've never explained it to me.
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Post by Deleted on Nov 4, 2018 17:32:18 GMT -6
So we should automatically discount anything said because they aren't always right? I guess saying I would save 2500 dollars on my health care or tat I could keep my Doctor didn't count? Or perhaps you should do as most of us do, take it in and verify its authenticity, less we get lied to by the other side? Good reporters and good journalists take care of facts and truth in pursuit of a story, for the sake of integrity and their reputations. breibart makes a habit and has a history of creating stories, regardless of facts and truth. So yes, it matters. There's a difference between fiction and non-fiction especially when it comes to sources for information.
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