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Politics : Formerly About Advanced Micro Devices

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Broken_Clock
locogringo
To: zzpat who wrote (1068561)5/10/2018 9:43:04 PM
From: RetiredNow2 Recommendations  Read Replies (1) of 1576336
 
Worth reposting Broken-Clock's post. TRUMP just brought us first budget surpluses since Clinton. LOL. So much for your liberal socialist economics. They don't work. capitalism works.

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Treasury: Federal Budget Surplus for April Largest on Record, Driven by Tax Deposits U.S. government revenue increases 12% in April from year earlier

Under the new tax law approved by Congress, the standard deduction is going up and the personal exemption is going away. But these changes won't be visible until your 2019 returns. WSJ's Richard Rubin explains the recipe behind the changes that are coming to your tax bill.

By
Harriet Torry and

Richard Rubin

Updated May 10, 2018 4:21 p.m. ET

WASHINGTON—The U.S. government posted the highest surplus on record in April, although the federal deficit over the past several months widened as spending rose along with revenues.

Government revenue rose by 12%, or $55 billion, in April from the same period a year earlier, the Treasury Department said Thursday. That brought April’s surplus to $214.3 billion, the largest April surplus on record.
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