⬇⬇$380,000,000,000 ⬇⬇

[LuFins Dad]

I’ll skip the article. Everybody lnows that higher tax rates mean higher tax revenue. So the article has to be lies.

[LuFins Dad]

Lalalalala

[Jolly]

@LuFins-Dad said in $380,000,000,000 :

I’ll skip the article. Everybody lnows that higher tax rates mean higher tax revenue. So the article has to be lies.

Well, Ax does love his government reports, so why not?

https://fiscal.treasury.gov/files/reports-statements/mts/mts1022.pdf

[George K]

It's easier with pitchers.

[Axtremus]

Revenue still higher than anytime in the Trump era, therefore still stronger and more historic than anytime in the Trump era, right, @Jolly ?

[George K]

[Jolly]

And the money ain't worth what it was in 2016...

[Renauda]

@Jolly said in $380,000,000,000 :

And the money ain't worth what it was in 2016...

I remember my father and his friends complaining of the same devaluation of currency/inflation in the early 1970’s. The difference then was they were comparing it to the mid ‘60s and 1930s.

Am sure you have experienced the same trend off and on throughout your working life. I certainly have. I just don’t try to lay blame on any one for it any more. It ebbs and flows, with periodic squalls and storms, like all else.

So yeah, it’s a PITA but I won’t blame any one and remain confident we’ll all manage all the same.

[taiwan_girl]

Another way of looking at it:

Tax Revenue as a % of GDP, which shows that there has not been a significant change in recent history.

[Doctor Phibes]

@taiwan_girl said in $380,000,000,000 :

Another way of looking at it:

Tax Revenue as a % of GDP, which shows that there has not been a significant change in recent history.

Apparently politicians got a taste for the money during WW2, and were incapable of ever giving it up.