Opinion | A February Revenue Surprise

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Opinion: Federal tax receipts rose 10% from a year ago, in case you haven’t heard

A funny thing happened in February that you haven’t read about: Federal government tax receipts rose 10% to $171 billion, according to the Congressional Budget Office.

How could that be? Isn’t the GOP tax reform supposed to be robbing the government of tax revenue and causing deficits to explode? Well, that spin appears to be based on single-entry political bookkeeping.Following anti-Semitic comments by Rep. Ilhan Omar, the panel discuss the hypocrisy surrounding a House Democratic resolution taking on hate speech which includes anti-Semitism, Islamophobia, racism and other forms of bigotry.

 

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Ummm if you paid a lot in taxes its because you checked those boxes on your form or your tax person ripped you off. I'm middle class, 2 cars, 2 kids and brought in $2000 more than last 6 years

Where did the money come from? The middle class

And it's not from Corporate of individual income taxes...............

Wierd. I actually got money back.

My taxes definitely went up! So much for helping middle class

Pay down federal debt

Thanks..suckers. 😐

No wonder some people with no change in withholding from last year while earned income is about the same are owing like $5K+ in taxes.

So people increased their deductions 5% for withholding while income tax refunds fell 13%. So govt took in more revenue from individuals hoping to offset owing IRS next year & govt returned less money to people in tax refunds. Lose/Lose for avg American as predicted

But wait? I though trump gave a big tax break to his rich friends?

Yep, I paid a lot in taxes this year. So I'm cutting back on my consumer consumption or running up debt this year. We'll see what happens to revenues next year.

Trump screwing the middle class yet again.

That was not how I was told things would work.

Sorry Sir?

Yes for the rich.

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