From CNSNews.com:
By Terence P. Jeffrey
(CNSNews.com) – The federal government raked in a record of approximately $2,472,542,000,000 in tax revenues through the first eleven months of fiscal 2013, which ran from Oct. 1, 2012 through the end of August, according to the Monthly Treasury Statement for August.
That is up about $285 billion from the approximately $2,187,527,000,000 in taxes the government took in through August of fiscal 2012.
Despite these record tax revenues, the federal government still accumulated a $755 billion deficit in the first eleven months of fiscal 2013. Totally federal spending through the first eleven months of the fiscal year was $3.228 trillion.
At the end of last year, the president struck a deal with Republicans in Congress at the to enact legislation that increased taxes. This included pushing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000.
An additional 3.8 percent tax on dividends, interests, capital gains and royalties–that was embedded in the Obamacare law–also took effect this year.
And yet the DebtClock keeps rolling and rolling and rolling.
BZ
Oh my goodness… I think my mind just had a meltdown… God have mercy.
And as you can see, it’s never enough.
Never enough money. Never enough taxes.
A record rate of collection.
And still it’s never enough.
BZ
They couldn’t balance a pancake on a plate, not that they want to. The object is to let it hit the floor.
And as you can see, it’s never enough.
Never enough money. Never enough taxes.
A record rate of collection.
And still it’s never enough.
BZ
Simply pathetic…
And as you can see, it’s never enough.
Never enough money. Never enough taxes.
A record rate of collection.
And still it’s never enough.
BZ
The question remains; how much didn’t they collect? Wonder how big a part of the GNP is the tax avoidance industry?
The US government encourages — no, damned near demands — a tax avoidance industry.
And as you can see, it’s never enough.
Never enough money. Never enough taxes.
A record rate of collection.
And still it’s never enough.
BZ
Obama wants this USA to totally collapse. Then he will attempt to re-assemble the ruins to his Marxist plan.