Trump Tax Cuts
Jan 29, 2023 17:24:11 #
We've heard a lot about the Trump Tax Cuts of 2017, most of it negative if you listened to MSM. It was referred to as "tax cuts for the rich." The January report from the Congressional Budget Office reveals that the federal government tax revenue was up 40% since the year 2017, the year prior to the enactment of the tax cuts. It's also worth noting that the share of taxes paid by the wealthiest 1% also rose. You may have a difficult time finding this mentioned by the main stream media.
Jan 30, 2023 22:26:13 #
Jan 30, 2023 22:28:02 #
tomhoff24 wrote:
Yes the tax cuts really helped me. I paid $5000 more last year and made $3000 less
Will you please provide more detail. Your numbers sound "fishy."
Jan 31, 2023 03:21:48 #
bylm1-Bernie wrote:
We've heard a lot about the Trump Tax Cuts of 2017... (show quote)
That has absolutely nothing to do with tax cuts...
Jan 31, 2023 05:22:41 #
woodguru wrote:
That has absolutely nothing to do with tax cuts...
That would be the expected "Trump hater" response. If one goes back, say 100 years in history, one will find that almost every time a tax cut has been enacted an increase in tax revenue has occurred. This is a fact which is readily acknowledged by well known economists such as Dr Thomas Sowell and the late Dr Milton Friedman. Perhaps you have a better explanation.
Feb 1, 2023 16:36:06 #
bylm1-Bernie wrote:
That would be the expected "Trump hater" response. If one goes back, say 100 years in history, one will find that almost every time a tax cut has been enacted an increase in tax revenue has occurred. This is a fact which is readily acknowledged by well known economists such as Dr Thomas Sowell and the late Dr Milton Friedman. Perhaps you have a better explanation.
Woody, I ran across an article from 2018(there are many others) that illustrates, or should I say proves, what I said in this thread. Here is the link to it:
https://www.investors.com/politics/editorials/trump-tax-cuts-federal-revenues-deficits/
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