Americans Paid $90 Billion MORE In Taxes After Republican Tax Cut

The final numbers are rolling in from 2018 taxes, and so far Americans that aren’t in the top 1% of income earners paid an additional $90 billion in taxes last year. And that’s even AFTER the Republican’s tax scam bill took effect for the rest of us. We got hosed on this deal, and there’s no other way to say it.




Oh golly gee...what a surprise!

Well, they DID promise us that a tax cut would somehow magically increase federal revenues. Looks like they were right. I know we paid more.

What I want to know is this: The Toadstool imposes tariffs on Chinese stuff. Your TV fritzes out so you get a new one. It costs $200 more than it would have last year due to the tariffs. Where does that extra $200 go to? Back to the Chinese manufacturer?
 
A. So you're a guy who loves piss-soup. Oh. OK.
B. So you think twump had Epstein murdered? Oh. OK.
C. Go get your parole officer to help you look up the word 'socialist', Cindy. You clearly don't know what it means.
D. Please stop showing up here drunk.

I know I shouldn't encourage this kind of behavior, but this is fuckin' funny. :good4u:
 
Poor Pearl, yapping for attention that will never come. I love it. :laugh:

Today, 12:47 PM
Earl
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good news.....Americans earned more in 2018........bad news, even though their tax rate went down they still paid more in taxes because they earned more.......

Americans did not earn more in 2018...stop lying.

The rich earned more...everyone else was either flat, or down.
 
The Conservative Trump Russia Tax Cuts were promised to produce growth of at least 3% and raise everyone's wage by at least $4,000.

They did neither.

sorry your wages were not up.......minimum wage has increased though so at least you got something......
 
Yes. Fiscal year 2018 revenues were higher than fiscal year 2017 revenues.

"In 2018, the government’s revenues amounted to $3.3 trillion—$14 billion (or less than 1 percent) more than in 2017. [Congressional Budget Office]

https://www.cbo.gov/publication/54647

Good link, thanks. From it:

"In 2018, the government’s revenues amounted to $3.3 trillion—$14 billion (or less than 1 percent) more than in 2017. As a percentage of GDP, revenues fell from 17.2 percent in 2017 to 16.4 percent in 2018, dropping below the average (17.4 percent) for the past 50 years."

and

"Net spending by the government was $4.1 trillion in 2018—$127 billion (or 3.2 percent) more than in 2017. Outlays amounted to 20.3 percent of GDP in 2018, compared with 20.7 percent in 2017, and were equal to the 50-year average. If not for the shift in the timing of certain payments, outlays in 2018 would have equaled 20.5 percent of GDP."

So much for that cherished GOP lie about the (D)s: "Tax and spend Democrats."
 
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