Author Topic: April was best month in history for U.S. budget, according to CBO figures  (Read 838 times)

Coach is Back!

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https://m.washingtontimes.com/news/2018/may/7/cbo-says-april-was-best-month-history-us-budget/

Waiting for the liberal meltdowns 😂😂😂😂

But let’s talk about the hooker...lol

Straw Man

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https://m.washingtontimes.com/news/2018/may/7/cbo-says-april-was-best-month-history-us-budget/

Waiting for the liberal meltdowns 😂😂😂😂

But let’s talk about the hooker...lol

You're saying Trump paid a hooker

BTW - very funny title

Tax Receipts for the month of April hit a record

Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes.

Quote
“Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year,” the analysts said in their monthly budget review. “Part of the strength in receipts also may reflect larger-than-anticipated payments for economic activity in 2018. The reasons for the added revenues will be better understood as more detailed information becomes available later this year.”

Given that total employment has continued on an almost 8 year run and people have made a lot of money in the stock market it's not really surprising that tax receipts would hit a record (and obviously in the month the majority of people file their taxes)

Since our phony coach thinks this is a huge accomplishment I'm sure you'd like to talk about the rest of the budget.   You know the spending part and the record short fall of revenue to cover spending with the projected TRILLION DOLLAR budget deficit that we're facing. 

Coach is Back!

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You're saying Trump paid a hooker

BTW - very funny title

Tax Receipts for the month of April hit a record

Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes.

Given that total employment has continued on an almost 8 year run and people have made a lot of money in the stock market it's not really surprising that tax receipts would hit a record (and obviously in the month the majority of people file their taxes)

Since our phony coach thinks this is a huge accomplishment I'm sure you'd like to talk about the rest of the budget.   You know the spending part and the record short fall of revenue to cover spending with the projected TRILLION DOLLAR budget deficit that we're facing. 

So our resident economic genius and village idiot is trying to say this is Obama’s economy....😂😂😂😂😂😂😂

Straw Man

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So our resident economic genius and village idiot is trying to say this is Obama’s economy....😂😂😂😂😂😂😂

Nope, what I'm saying is your'e a dunce

Revenue is up in an economy with high employment and coming off a year where many people likely took profits on stock and we set a record in the month that most people pay their taxes.   And as your story mentioned, self employed people who made more money in 2017 will also pay higher estimated payments in 2018 (again, we're talking about tax receipts in the month of April 2018)

That's certainly a good thing

You do understand that revenue is only one side of the equation and that we're still on track for record budget deficits


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Nope, what I'm saying is your'e a dunce

Revenue is up in an economy with high employment and coming off a year where many people likely took profits on stock and we set a record in the month that most people pay their taxes.   And as your story mentioned, self employed people who made more money in 2017 will also pay higher estimated payments in 2018 (again, we're talking about tax receipts in the month of April 2018)

That's certainly a good thing

You do understand that revenue is only one side of the equation and that we're still on track for record budget deficits



“Given that total employment has continued on an almost 8 year run and people have made a lot of money in the stock market it's not really surprising that tax receipts would hit a record (and obviously in the month the majority of people file their taxes)”

Straw Man

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“Given that total employment has continued on an almost 8 year run and people have made a lot of money in the stock market it's not really surprising that tax receipts would hit a record (and obviously in the month the majority of people file their taxes)”

interesting

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