Tax revenues hit all time high for FY 2014

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I thought that when rates go up revenues went down and vice versa? Isn't that the narrative here? Why didn't it happen?

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Only when the burden of taxation outweighs the benefits of employment. The folks who think that the difference between 35% and 39% is catastrophic have apparently never read a history book. I would like to note that the capital gains rate remained unchanged.

Well it's settled then. We don't ned to cut spending, just raise taxes even more.

Hey, if we tax 100% of all income, maybe the govenment's revenue will go even higher. Progress.

Isn't that right Powerman.

After all, it's the goverments money, citezens should have no right to any of it...unless the omnipotent government says it's OK.

If tax revenues are increasing why isn't the deficit shrinking?

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I thought that when rates go up revenues went down and vice versa?

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When did the rates go up?

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I thought that when rates go up revenues went down and vice versa?

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what rates have gone up?

If anything this data show Romney was right. A healthy(er) economy is the best way to raise revenues.

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I'll be curious to see how this is spun as a bad thing.

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More money taken out if the hands of citizens and malinvested by the government is never a good thing

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I'll be curious to see how this is spun as a bad thing.

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Record-high theft!

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I'll be curious to see how this is spun as a bad thing

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but the federal government still ran a $460,450,000,000 deficit during that time

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This is a start

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I thought that when rates go up revenues went down and vice versa? Isn't that the narrative here? Why didn't it happen?

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find a post citing that an increase in rates results in a decline in revenue over the short term. go on, ill wait.

while im waiting, heres a downvote.

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I thought that when rates go up revenues went down and vice versa?

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The true Laffer or "Laugher" curve:

Short term revenue will increase but long term it will decrease as higher rates drive companies overseas and people have less money to spend, which slows consumption and economic growth.

Tax cuts decrease revenue short term but gain revenue long term due to people having more money to spend, increasing consumption and economic growth