Quote:
Originally Posted by xtb
As expected Musty has his special spin. Like I said, overall federal tax revenue went up significantly after Trump's tax cuts. We have a spending problem, not a revenue problem.
U.S. Tax Revenue by Year
FISCAL YEAR REVENUE
FY 2021 $4.05 trillion
FY 2020 $3.42 trillion
FY 2019 $3.46 trillion
FY 2018 $3.33 trillion
FY 2017 $3.32 trillion
FY 2016 $3.27 trillion
FY 2015 $3.25 trillion
FY 2014 $3.02 trillion
FY 2013 $2.78 trillion
FY 2012 $2.45 trillion
FY 2011 $2.30 trillion
FY 2010 $2.16 trillion
FY 2009 $2.11 trillion
FY 2008 $2.52 trillion
FY 2007 $2.57 trillion
FY 2006 $2.41 trillion
FY 2005 $2.15 trillion
FY 2004 $1.88 trillion
FY 2003 $1.78 trillion
FY 2002 $1.85 trillion
FY 2001 $1.99 trillion
FY 2000 $2.03 trillion
https://www.thebalancemoney.com/curr...evenue-3305762 |
You just posted the exact same thing I did except I took the time to calculate the % of increase.
During the Trump years, revenue increased by an average annual rate of $37,500,000,000.During thee last five years of the Obama Administration, revenue went up-on average-$194,000,000,000 per year.
In one year under Biden annual revenues climbed by $630,000,000,000.
