The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31243
Likes: 52899


C'mon Hooda, please tell me you're not this much of a simpleton.


Taxes collect go up pretty much every year because of real growth in the economy, inflation, job creation, etc. Over the last 8 years, the average annual increase in tax revenues was 5.5%. Last year's increase was 0.3% SUBSTANTIALLY lower than the average and lower than in any other single year. When the projections were made about how much the tax cuts would add to the debt, no one suggested tax revenues would decrease, just that they would increase at a lower rate than normal because of the cuts. And that is EXACTLY what happened.
[Post edited by BocaHoo91 at 06/10/2019 10:13PM]

(In response to this post by Hoodafan)

Posted: 06/10/2019 at 10:12PM



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