The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31093
Likes: 52539


I have to say, looking at just individual, payroll and corporate taxes


the '18 and '19 growth is much stronger than I would have expected. Clearly the corporate income cuts took a toll on corp tax revenues with a 31% decline in '18. Even with the +12% growth in 2019, corporate taxes are -11% from '17 to '19. But I'm surprised by the individual tax trend, and with total tax revenues (which have grown since the cuts despite the dip in corporate revenues). With a pre-tax cut revenue growth trend of 1%, 1% going to a post cut growth trend of 0%, 4%, it's a bit hard to argue the tax cuts were a HUGE budget buster.


.................................'13......'14......'15.......'16......'17.......'18.......'19
Individual+Payroll....14%....7%......8%......2%......3%......4%.......4%
Corporate Income....13%...17%....7%....-13%...-1%.....-31%....12%
Total Revenues........13%...9%......8%......1%......1%.......0%.......4%

(In response to this post by Hoodafan)

Posted: 10/10/2019 at 8:45PM



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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

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