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Politics : Formerly About Advanced Micro Devices

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To: Jamie153 who wrote (1208440)	3/12/2020 12:42:46 PM
From: longnshort	1 Recommendation Recommended By FJB Read Replies (1) of 1575783

that's because of spending Reality Check: After Huge Tax Cuts, Revenues Increased ... townhall.com. Federal tax revenues rose during the 2019 fiscal year as the economy grew, but spending increased by over $200 billion more, which is why the country ended up running a deficit approaching $1 ... Income Tax Revenues Are Up 9% This Year — Is Trump Tax Cut ... investors.com. Tax revenues are up by $31 billion so far this fiscal year compared with last year. But spending is up $115 billion. In other words, the entire increase in the deficit so far this year has been due to spending hikes, not tax cuts. Trump Tax-Cut Results: Federal Revenues Hit All-Time Highs ... investors.com Income Taxes After Trump Tax Cuts. True, the first three months of the fiscal year were before the tax cuts kicked in. But if you limit the accounting to this calendar year, individual income tax revenues are up by 5% through September. Other major sources of revenue climbed …

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