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<blockquote data-quote="Deleted member 2897" data-source="post: 573284"><p>But that's not what is happening. In either case. And its also not the point.</p><p></p><p>First, a correction of the history. In the 8 years Obama was President, payroll taxes increased from $2.57T to $3.25T. That's a 3.4% annual increase, not 6%.</p><p></p><p>Second, the point you made was not that payroll taxes were decreasing or increasing and that's it. Your assertion was that payroll taxes were decreasing <em>because of Trumps tax rate cuts</em>. That's not happening - they aren't decreasing, and there is no evidence the tax rate cuts have done anything other than help the cause.</p><p></p><p>Furthermore, this fiscal year is almost done (June 30th), so that $3.5T estimate is all but locked in. Next year's projection is $3.65T. If payroll taxes grow from $3.27T to $3.65T in 4 years, that's...wait for it...wait for it...a 3.8% growth year over year over 4 years. Higher than during Obama's tenure. I don't see any evidence payroll taxes are decreasing, and I don't see any evidence the growth of those payroll taxes have been weakened.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 573284"] But that's not what is happening. In either case. And its also not the point. First, a correction of the history. In the 8 years Obama was President, payroll taxes increased from $2.57T to $3.25T. That's a 3.4% annual increase, not 6%. Second, the point you made was not that payroll taxes were decreasing or increasing and that's it. Your assertion was that payroll taxes were decreasing [I]because of Trumps tax rate cuts[/I]. That's not happening - they aren't decreasing, and there is no evidence the tax rate cuts have done anything other than help the cause. Furthermore, this fiscal year is almost done (June 30th), so that $3.5T estimate is all but locked in. Next year's projection is $3.65T. If payroll taxes grow from $3.27T to $3.65T in 4 years, that's...wait for it...wait for it...a 3.8% growth year over year over 4 years. Higher than during Obama's tenure. I don't see any evidence payroll taxes are decreasing, and I don't see any evidence the growth of those payroll taxes have been weakened. [/QUOTE]
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