Home
Articles
Photos
Interviews
Forums
New posts
Search forums
Georgia Tech Recruiting
Dashboard
What's new
New posts
New profile posts
Latest activity
Chat
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
General Topics
The Swarm Lounge
American Cultural Revolution
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Lotta Booze" data-source="post: 573276" data-attributes="member: 4471"><p>Well that is the tricky part about projections, the assumptions you make to get those projections. So when they say "lower revenues from payroll taxes" it isn't necessarily comparing it to the previous year but rather it's lower than what they projected previously. So yes, tax revenues are up year to year...but really so what? They've gone up every year since 2009. Numbers I'm looking at show 3.33 trillion for last year revenues and 3.44 trillion projected for this year. Cool. That's a little over 3% increase. And the "growth" from 2017 to 2018 was 0.3%. Average growth in tax revenue from 2017 to 2019 is 1.7%.</p><p></p><p>2010 to 2016 the average revenue growth year over year was 6.6%. Peaking with a growth of 13% in 2013. Conveniently that correlates with when the deficit was reduced by 38%. Imagine that.</p><p></p><p>So if someone is trying to project tax revenues and they are seeing growth around 6% and then during Trump's administration it is averaging 1.7%, yeah that could be considered "lower revenues".</p></blockquote><p></p>
[QUOTE="Lotta Booze, post: 573276, member: 4471"] Well that is the tricky part about projections, the assumptions you make to get those projections. So when they say "lower revenues from payroll taxes" it isn't necessarily comparing it to the previous year but rather it's lower than what they projected previously. So yes, tax revenues are up year to year...but really so what? They've gone up every year since 2009. Numbers I'm looking at show 3.33 trillion for last year revenues and 3.44 trillion projected for this year. Cool. That's a little over 3% increase. And the "growth" from 2017 to 2018 was 0.3%. Average growth in tax revenue from 2017 to 2019 is 1.7%. 2010 to 2016 the average revenue growth year over year was 6.6%. Peaking with a growth of 13% in 2013. Conveniently that correlates with when the deficit was reduced by 38%. Imagine that. So if someone is trying to project tax revenues and they are seeing growth around 6% and then during Trump's administration it is averaging 1.7%, yeah that could be considered "lower revenues". [/QUOTE]
Insert quotes…
Verification
What is the last name of the current Head Football Coach?
Post reply
Home
Forums
General Topics
The Swarm Lounge
American Cultural Revolution
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top