Welcome to the 54Net FORUM

The FORUM is provided for Classmates and their families to present information of interest to the Class.

The Tax Cut

The latest budget figures from the Treasury Department demonstrate a concept we already knew but too many politicians continue ignore we have a spending problem, not a revenue problem.

One would have expected gross revenue to plummet in February once the new tax rates were applied to withholdings for this year. By February everyone should have seen the effects of the tax cut and revenue to the Treasury should have shrunk noticeably. After all, on some measure this was the largest tax cut in history. Yet compared with February 2017, gross revenue was nearly unchanged. It actually ticked up very slightly by $1.36 billion.

There have been no replies.

Post a reply:
bold italic underline left align right align center align url email image move quote horizontal rule

Link Name:
Link URL:
Image URL:
Password To Edit Post:

Create Your Own Free Message Board or Free Forum!
Hosted By Boards2Go Copyright © 2020