Record deficits yield talks of more tax cuts

PJ, are total tax revenues up or down under Trump?  Please tell me that you don't know.

Okay Kevin, I'll bite.  What is your definition of tax revenues and net tax revenues.  This should be fun.

Did you not read my response?     What part were you confused about

How about it?  I mean - thats what Republicans run on right?   Show me an administration thats reduced spending ever.    But here's your problem:

1) Cutting retirement entitlement programs is massively unpopular with the population of both parties

2) Cutting military spending is only popular with Democrats (and sometimes Rand Paul)

3) The rest of the budget is very small by comparison to 1 &2.   So before you respond with cutting it accross the board by 10% as is your norm you might want to see how neglible that is (in additon to its impact on vital government services).

There's a reason why Republicans run on cutting spending and do the oppossitte once elected.   Maybe we should at least pay for what we're spending.

Yes PJ, I read each of your three responses and you didn't address my question.  Even though there have been tax cuts for both citizens and companies, I'll ask you again................have TOTAL US federal tax revenues increased or decreased since Trump came to office AND since tax rates were cut.

I already explained that, not using any big words. Net revenues are what remains after expenditures are taken into account. Collect $400 billion, that's gross revenues. Spend $380 billion, net revenues are $20 billion. That is a surplus. Spend $420 billion, that results in a $20 billion deficit.

Whether or not GROSS tax revenues went up or down is irrelevant. What matters is whether or not NET revenues went up or down. They went down after the Trump tax cuts. WAAAAAAY down.

If you had ever run a business, you would understand. It's not the amount of money that winds up in the cash register that matters; it's the amount of money that winds up in your bank account. Or, as a comparison to the deficit, the amount of money you wind up having to borrow to keep your business afloat.

You're obsessing over the federal government's GROSS revenues, because you're trying to make some kind of silly point about Trump's tax cuts somehow having been beneficial. But the only thing that matters is the bottom line--and that bottom line is the worst than it ever has been in US history.

Another analogy, by the way, would be a gambler who has hit more jackpots than last year but nonetheless, has lost more money. Looking only at the guy's jackpots would paint a false picture.

"Net revenues are what remains after expenditures are taken into account. "

WRONG doofus.  That is called margin

I cant answer a question not based in fact.    Citizens got a neglible tax cut...and in many cases none at all.   But, yes - the indvidual tax revenue rate increased at the same exact rate it did for the 10 years preceeding the tax cut.  Its called population growth and inflation.

The corporate sector did have  their taxes reduced by 14 points.  And their revenues plummeted.   

But it is also true Republicans massively increased spending relative to the Democratic administration's levels.

And it is also true the Republican president implemented socialist tariffs which brought in billions  more total tax revenue.

What else can I help with today?     

In a for-profit business, yes--sort of. However, the government is not a for-profit business. It does not sell products or provide services in return for payment.

Furthermore, in business accounting, margin does NOT take expenses into account--it is simply the revenue from goods or services sold minus the cost of such goods or services. But as I said, the government is not a business.

You should quit embarrassing yourself with your ignorance.

Boilerman doesn't understand, or pretends not to understand, that gross tax revenues will increase from Year 1 to Year 2, naturally, due to population growth and inflation.

Therefore, a numerical increase in tax revenues is NOT a tribute to the studly economic genius of his golden god Trump, but rather, something that can be expected to happen naturally, except in times of severe recession.

And as I've tried to explain to him--Lord help me, it's like trying to teach chess to a toddler--the gross revenues don't matter; it's the bottom line, surplus or deficit, that matters. And Trump has created the largest deficit in history.