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Anyone Know the Numbers?

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Anyone Know the Numbers?

I hear people talking about record revenue at the Treasury and I was wondering if it offset the tax cut yet or was on such a trajectory?

I can't seem to Google it.

Any links?

Charts?
 
It should be easy to find "Total US federal tax revenue XXXX" (where XXXX is a given year).

US Federal Tax Revenue by Year

FY 2019 Federal Budget: Summary of Revenue and Spending
From the same source, this is another one worth watching.
Interest on the National Debt and How it Affects You

It's is worth noting that the rise in interest rates since 2016 is causing about $150 Billion in additional interest payments. I wish someone had the same numbers in constant dollars and without the debt service. it would make comparisons much easier.
 
From the same source, this is another one worth watching.
Interest on the National Debt and How it Affects You

It's is worth noting that the rise in interest rates since 2016 is causing about $150 Billion in additional interest payments. I wish someone had the same numbers in constant dollars and without the debt service. it would make comparisons much easier.

IMHO, the best number to watch is the inflation adjusted per capita spending. I don't see why leaving out the cost of national debt service would be a good idea.
 
IMHO, the best number to watch is the inflation adjusted per capita spending. I don't see why leaving out the cost of national debt service would be a good idea.
It is not always a good idea. However, it is one thing that changes dramatically with interest rates. Taking it out and using constant money levels the field quite a bit. Same, as you point out, for using per capita numbers.
 
IMHO, the best number to watch is the inflation adjusted per capita spending. I don't see why leaving out the cost of national debt service would be a good idea.

My good idea would be to let corporations deduct their payroll and pay taxes.
 

Yes, but we were running a deficit before.

The trajectory listed in the first link in this thread is pretty clear.

Obama was handed an economic crisis, but by the time he left office, his policies had fostered a recovery of about $750 Billiion.

The estimates for 2019 are ten times the growth of 2018 and then double that for 2020 and if growth of $200 Billion per year extends after that the estimate is made to match Obama's growth.

Obama was handed a crisis and Trump a boom for the same estimate.

I doubt the estimates for 2019 & 20.

While we add a trillion dollars a year to the debt and loose to inflation.
 
You guys all need to read this book and stop worrying about the national debt. Worry instead about if we have enough real resources and can mobilize those resources to do want we (as a collective group of people) want to do. Money is just a man-made point system and only means anything when it is used to put real goods and services to use. Worrying about numbers on a spreadsheet going up is counter-productive.

The Seven Deadly Innocent Fraud of Economic Policy
 
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Does that mean that you won't ask your boss for a raise?

You guys all need to read this book and stop worrying about the national debt. Worry instead about if we have enough real resources and can mobilize those resources to do want we (as a collective group of people) want to do. Money is just a man-made point system and only means anything when it is used to put real goods and services to use. Worrying about numbers on a spreadsheet going up is counter-productive.

The Seven Deadly Innocent Fraud of Economic Policy
 
Etallium, I tend to agree with you. That is, what matters more than the raw numbers (as scary as they are) is how well we are doing economically. So yes, if the economy is the tanks, and the national debt is horrible, that IS a real concern. But OTOH, if the debt is horrible (at the same number), yet the economy is thriving and the outlook is good, the actual debt number is not so bad. In other words, the name of the game is creating wealth. The more we create, the better off we are in many regards, which includes greater tax revenues that ultimately keep us solvent.
 
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