05-22-2018, 01:36 PM
(05-22-2018, 01:30 PM)SunsetBengal Wrote: I find this fact a bit interesting. The US government generally has a budget surplus for the month of April each year, due to all of the taxes collected. This year, after the tax cuts were implemented, the amount of April surplus was 17% higher than in 2017. So, just to restate, lower taxes = more money collected. How does that happen?
The amounts collected in April this year were (primarily) based on last year's rates, not the new rates set with the recent tax cut.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
