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? for you economists, if the Feds are taking in a record amount of revenues,
Posted on 6/25/14 at 1:32 pm
Posted on 6/25/14 at 1:32 pm
and the economy is shrinking; what does that mean?
I'll hang up and listen.
I'll hang up and listen.
6
Posted on 6/25/14 at 1:33 pm to doubleb
quote:Hmmmm
? for you economists, if the Feds are taking in a record amount of revenues,
quote:Hmmmmmmmmmmmmmmm
and the economy is shrinking;
I wonder...
Posted on 6/25/14 at 1:34 pm to doubleb
I guess I don't understand the question.
Posted on 6/25/14 at 1:35 pm to doubleb
Haven't you heard…it was a really cold winter. 
Posted on 6/25/14 at 1:37 pm to 90proofprofessional
Is it important to note that the Feds are taking in a record amount of revenues at a time when the economy is shrinking?
Is that good? Is it bad? Is it real bad?
I'd like to think that the Feds would take in record amounts of revenues when the economy is humming, and not when it is receding.
Is it possible that the tax burden on working Americans is too high and it is hurting the economy?
Is that good? Is it bad? Is it real bad?
I'd like to think that the Feds would take in record amounts of revenues when the economy is humming, and not when it is receding.
Is it possible that the tax burden on working Americans is too high and it is hurting the economy?
Posted on 6/25/14 at 1:37 pm to Radiojones
quote:
Haven't you heard…it was a really cold winter.
It wasn't cold enough to freeze govt. revenues.
Posted on 6/25/14 at 1:38 pm to doubleb
businesses are still holding onto cash and not investing in tangible capital which creates jobs. they also are keeping boat loads of cash overseas to avoid the massive U.S. corporate tax frickery.
but I don't have a degree from Yale so take those statements with a grain of salt
but I don't have a degree from Yale so take those statements with a grain of salt
Posted on 6/25/14 at 1:38 pm to doubleb
quote:Rather than if it is good or bad, I think the question may be more accurately framed as, "are they related?"
Is that good? Is it bad? Is it real bad?
IE, is one leading to the other?
Posted on 6/25/14 at 1:39 pm to doubleb
You do realize that taxes paid by april are last year's right?
Posted on 6/25/14 at 1:41 pm to doubleb
quote:
Is it important to note that the Feds are taking in a record amount of revenues at a time when the economy is shrinking?
Sure, if (1) it's way out of line with the typical proportion of government revenues as a piece of the size of the total economy and (2) the shrinking is sustained.
quote:
I'd like to think that the Feds would take in record amounts of revenues when the economy is humming, and not when it is receding.
True. So this may be a sign that when things really do finally get humming again, revenues will be gigantic.
quote:
Is it possible that the tax burden on working Americans is too high and it is hurting the economy?
Of course it is
Posted on 6/25/14 at 1:43 pm to inelishaitrust
quote:
You do realize that taxes paid by april are last year's right?
Actually a fiscal year doesn't start in January, but starts June first I believe or is it July 1st?
So you are saying the record revenues result from a robust 2013 fiscal year then should we expect a major decline in revenues and a larger deficit than what is being estimated for FY 2014???
Posted on 6/25/14 at 1:44 pm to Rohan2Reed
quote:
but I don't have a degree from Yale so take those statements with a grain of salt
Don't apologize. It's Yale and Harvard graduates that have us $17T in debt with record revenues and a shrinking economy.
We need less of these morons and more private business owners running the place.
Posted on 6/25/14 at 2:07 pm to doubleb
quote:
Actually a fiscal year doesn't start in January, but starts June first I believe or is it July 1st?
Taxes are paid quarterly - I honestly can't speak as to when they're recorded/reported.
But, the Federal fiscal year runs from October 1 to September 30.
But, income tax is based on calendar year.
Confused? I am.
Posted on 6/25/14 at 2:39 pm to Ace Midnight
Is this about the fed (federal reserve) or the federal government?
Either way, the question is dumb, but if it is actually about the fed, it's some next level idiocy.
Either way, the question is dumb, but if it is actually about the fed, it's some next level idiocy.
Posted on 6/25/14 at 3:12 pm to doubleb
Then I guess the elusive label of "1%" should only apply to the federal government.
Posted on 6/25/14 at 3:35 pm to UsingUpAllTheLetters
Tax revenues must go up because burocrats are starving.
Posted on 6/25/14 at 3:52 pm to TheHiddenFlask
quote:
Is this about the fed (federal reserve) or the federal government?
My guess is he meant the Federal Government. And the obvious answer is that investors do not like/trust this administration's policies enough to want to invest in America, and that taxes are too high. Not that the two are related, but rather it's all about policies and all of those policies fricking suck.
But one shouldn't compare a quarterly statistic to an annual statistic and make assumptions.
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