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Old May 15th, 2018, 08:30 AM   #1
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Federal Budget Surplus for April Largest on Record

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WASHINGTON—The U.S. government posted the highest surplus on record in April, although the federal deficit over the past several months widened as spending rose along with revenues.
read more @
https://www.wsj.com/articles/treasur...its-1525976157
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Old May 15th, 2018, 09:22 AM   #2
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Did you read past the headline?
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Old May 15th, 2018, 09:43 AM   #3
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Originally Posted by RNG View Post
Did you read past the headline?


Heh heh! Do you really think GUY subscribes to the WSJ??

Fortunately I DO have a subscription. AND of course there's more to the article:

Both receipts and outlays in April this year Hedge-fund managers were making sizable payments because of a deadline for paying taxes on deferred offshore earnings.April, when individual income taxes are due, is typically the government’s biggest month for revenue collection.

In what could be a sign that businesses and individuals are experiencing stronger economic growth this year, gross payments of individual income taxes that aren’t subject to withholding rose from $219.2 billion in April 2017 to $277.8 billion in April 2018, an increase of 21%.
Taxes paid in April that aren’t withheld come from people making payments at the mid-April deadline and from people making estimated-tax payments on their first-quarter earnings beyond what’s withheld from paychecks.

AND then there's THIS from Seeking Alpha:
The government surplus is a drain on the private sector.

Net financial assets in the private sector declined by $214.25 billion in April and have prolonged the current stock market retrace.

The government's surplus is the private sector's deficit.

The first question that comes to most people's mind is: why is this bad news? Surpluses are good, are they not? In a household or business, yes, they are, as it means you are saving money or making a profit. The government is, however, not a household or a business; it is a unique creature that can issue currency. No other entity can legally do this. It is another ball game altogether and not well understood.

Try to wrap your head around all the above.

https://seekingalpha.com/article/417...lus-april-2018
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Old May 15th, 2018, 12:26 PM   #4
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Originally Posted by Clara007 View Post
Hedge-fund managers were making sizable payments because of a deadline for paying taxes on deferred offshore earnings.
https://seekingalpha.com/article/417...lus-april-2018
There it is right there. MANY companies that had been holding money offshore to avoid paying taxes are now REQUIRED TO PAY TAXES on that money even of they don't repatriate it. Seems they got something right in the tax bill !!!! If we're going to give you a tax break on that money YOU WILL PAY THE TAXES ON IT. Several large companies were posting lower profits as they took the accounting hits on the taxes to be paid.

So yeah, revenue is up. It's a one time hit. Guess what, rain is wet too !!
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Old May 15th, 2018, 12:37 PM   #5
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Originally Posted by guy39 View Post
Another pitiful orgasm over an alternative presentation of reality (facts).
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Old May 15th, 2018, 01:04 PM   #6
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The deficit is soaring.
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Old May 15th, 2018, 08:12 PM   #7
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DAMN THOSE TAX CUTS..


If the Trump a lumpa haters had read the CBO Report. the Tax cuts ARE REVENUE POSITIVE if the GDP growth is >1.9% the greater the growth above 1.9% the more revenue positive the Tax Cut is.


But then the Trump haters have always been Long on bullshit Short on brains.
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Last edited by TNVolunteer73; May 15th, 2018 at 08:22 PM.
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Old May 16th, 2018, 03:00 AM   #8
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Largest 1st quarter deficit in history...biggest April receipts.
Totally predicted.

You know what else is predicted ? Trillion dollar plus deficits for as far as the eye can see...
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Old May 16th, 2018, 03:08 AM   #9
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Originally Posted by goober View Post
Largest 1st quarter deficit in history...biggest April receipts.
Totally predicted.

You know what else is predicted ? Trillion dollar plus deficits for as far as the eye can see...
No it says SURPLUS.. yawn..

Didn't read the CBO report did you. Wait, can you read? as long as GDP out paces Obama's best 1.9% Trump's tax plan is a revenue generator.


https://www.marketwatch.com/story/us...oom-2018-05-10


In fact if we had the Obama Tax Plan the Deficit would be billions more than it is under Trumps tax plan

https://www.investors.com/politics/e...-gop-tax-cuts/

ROFLMBO.. not only can goobers not read, they cannot do math either.
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Old May 16th, 2018, 03:21 AM   #10
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No it says SURPLUS.. yawn..

Didn't read the CBO report did you. Wait, can you read? as long as GDP out paces Obama's best 1.9% Trump's tax plan is a revenue generator.


https://www.marketwatch.com/story/us...oom-2018-05-10


In fact if we had the Obama Tax Plan the Deficit would be billions more than it is under Trumps tax plan

https://www.investors.com/politics/e...-gop-tax-cuts/

ROFLMBO.. not only can goobers not read, they cannot do math either.
I never expected you to understand...
It's a highly technical distinction, that only people with advanced degrees in finance can grasp.
April is not the First Quarter...it's not even in the First Quarter.
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