CBO Perplexed – April Sees U.S. Rake in Biggest Tax Surplus in the History of the United States – IOTW Report

CBO Perplexed – April Sees U.S. Rake in Biggest Tax Surplus in the History of the United States

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The federal government reportedly pulled in a record tax haul in April while posting its biggest-ever monthly budget surplus.

The nonpartisan Congressional Budget Office reported that the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That topped the previous monthly record of $190 billion, set in 2001.

CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago, The Washington Times explained.

Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes because of the Trump tax cuts.

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Geeeeeeeeeeeeee, ya think?

And this is where the left would get it wrong had they miraculously stumbled on this windfall while in power.

“Imagine how much more we’d have if we soaked the rich more!!!”

It doesn’t work that way, imbeciles. If you soak the rich then they pull back on employing people and you’ve created nothing but misery for the majority of the working class, and the rich will still be rich, because they can stay rich without a high reportable income.

Rich people are rich. Let it go, dumbbells. Let it go. In a robust economy, where no one is depressed, you tend to get more rich people because we’re all in a more invigorated, positive state of mind.

The left sows negativity, stagnation, stagflation and depression.

21 Comments on CBO Perplexed – April Sees U.S. Rake in Biggest Tax Surplus in the History of the United States

  1. The idiotic left holds on to long outdated and disproven theories like those of Marx, Keynes, and dunce Krugman. The left fails to embrace the proven theories of the Laffer curve, Reagonomics, Adam Smith, Friedman, trickle down, Hayek, where they always work when tried. These delusional leftist are all traitors and should be exiled to a Marxist country of their choosing!

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  2. Unemployment at record low and the corresponding reduction ins SNAP payouts probably just outliers as well.

    Economic poverty is the easiest way to control people followed by IQ poverty.

    Not really on this subject but do you suppose most swamp employees are liberals because they are so dumb they cannot exist in the private sector? Have been thinking that lately.

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  3. …and don’t forget that many people who make a lot of money pay their taxes quarterly. And even if April is the big month for taxes, it has been that way for over 70 years — things aren’t magically different this year in that regard.

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