The Soapbox

Hoodafan

Joined: 09/29/2013 Posts: 60631
Likes: 57085


I think this (and link) answers your question if I understood it correctly


FY19 Fed revenues $3.462T
FY17 Fed revenues $3.316T

So 4.4% increase from pre-tax cut revenue by my calculation.

Link does not show updated FY19 actual #'s (that's from my first link), still shows the lower estimated, but it gives you the picture. Also allows you to adjust all years to FY12 dollars if you want to adjust for inflation. Finally, I would also remind folks that FY17 was mostly post Trump election and taking office, and quite a good year for the other reasons (increased optimism, more pro-business administration, less regulation, etc.) so that FY16 might be more meaningful (not that it's a hugh difference when you factor in it's an extra year)

No matter how you slice it, and even if you argue for higher rates which is valid, our deficit problem comes almost exclusively from the spending side (and both parties suck on that).

(In response to this post by BocaHoo91)

Link: Fed revenues by year


Posted: 10/10/2019 at 7:33PM



+1

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
 
  
Yeah, about those deficit busting tax cuts....... -- Hoodafan 10/10/2019 6:42PM
  So, those tax cuts did not get made in a vacuum -- HoosQ 10/11/2019 10:00AM
  Oh my gosh. You’re trying this again? ** -- 111Balz 10/10/2019 9:43PM
  Much greater growth than expected? Lol. ** -- HooAskedYou 10/10/2019 7:29PM
  You cant tame the beast and get reelected...sadly ** -- Tuckahokie 10/10/2019 7:09PM
  Can you draw pictures to help Shen and Laz? ** -- TpkeHoo 10/10/2019 6:46PM
  Do you think this would do it? -- Hoodafan 10/10/2019 6:55PM
  HoosQ2? ** -- Tuckahokie 10/10/2019 7:15PM

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307