re: Tax revenues hit all time high for FY 2014

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what rates have gone up?

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You would think someone with the handle "taxing authority" wouldn't need to ask such a question.

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

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So the economy is healthy now?

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no, it is still a bad thing.

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Everything is relative. Having 500 dollars in credit card debt could be considered a bad thing. But it's better than having 50,000.

Is the deficit going down good or bad?

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Is the deficit going down good or bad?

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So you are in fact a Simpleton.

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Everything is relative.

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That type of thinking is half the problem. Losing an arm is bad but it's not as bad as losing both arms. Thing is, the comparrison doesn't actually make the first loss of an arm any better.

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Not when you compare it to a 600 billion dollar deficit

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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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So you are in fact a Simpleton.

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Not hardly.

The 460 billion dollar deficit is the lowest we've had since 2002 in terms of real dollars. In other words the last 6 years of Bush's presidency ALL had higher deficits than the one that we have now.

Think about that for a second. In terms of real dollars, not inflation adjusted dollars, the deficit for fiscal year 2014 is LOWER than the deficit for fiscal year 2003 (555 billion)

So we have a deficit that is 100 billion dollars less than the one that we had 11 years ago and you guys think that relative comparison mean nothing all of a sudden?

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The 460 billion dollar deficit is the lowest we've had since 2002 in terms of real dollars. In other words the last 6 years of Bush's presidency ALL had higher deficits than the one that we have now.

Think about that for a second. In terms of real dollars, not inflation adjusted dollars, the deficit for fiscal year 2014 is LOWER than the deficit for fiscal year 2003 (555 billion)

So we have a deficit that is 100 billion dollars less than the one that we had 11 years ago and you guys think that relative comparison mean nothing all of a sudden?

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Our first Bush reference!!

I don't like Obama. I like facts. Fact is the deficits now are lower than they were over a decade ago in terms of real dollars. That's a significant and very relevant number. And if the trend can continue downward that's a very good thing.