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re: Feds Collect Record Individual Income Taxes Through August; Still Run $898B Deficit
Posted on 9/14/18 at 9:19 am to 90proofprofessional
Posted on 9/14/18 at 9:19 am to 90proofprofessional
for the stuff we can see a pre & post-tax cut comparison- those being income tax withholdings and corporate tax- they're down even before you account for inflation
Not according to the article
Not according to the article
2
Posted on 9/14/18 at 9:23 am to Trump_Gump
quote:
Not according to the article
withholdings tables got updated in February, but the fiscal year started in October.
on top of that, the April non-withholdings dominated, and that was the best year-over-year month. problem with that is it's almost entirely filings for tax year 2017
the article counts all of that as post-TCJA, and of course those are the strongest Y/Y contributors to revenue growth under personal income
This post was edited on 9/14/18 at 9:25 am
Posted on 9/15/18 at 11:37 pm to Trump_Gump
quote:
for the stuff we can see a pre & post-tax cut comparison- those being income tax withholdings and corporate tax- they're down even before you account for inflation
quote:
Not according to the article
The article did not break out any numbers for the period before the tax law went into effect end of Feb 2018) and the period in 2018 after the cuts went into effect.
So why don't you point out exactly how the article demonstrated that what 90Proof stated was not true.
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