90 Miles From Tyranny

Saturday, October 20, 2018

The 90 Miles Mystery Box: Episode #415

You have come across a mystery box. But what is inside?

It could be literally anything from the serene to the horrific,

from the beautiful to the repugnant,

from the mysterious to the familiar.

If you decide to open it, you could be disappointed,

you could be inspired, you could be appalled.

This is not for the faint of heart or the easily offended.

You have been warned.

Daredevil (Netflix) Going Full SJW?

Friday, October 19, 2018

Faith Ambushes Outgoing Toronto Mayor --- These NPC Robots Are Disturbing!

Girls With Guns

Check Your Local Listings For Early Voting Venues.
Vote Early.

Do's And Don'ts Of Household Gun Safety...

Now That Is What I Call Road Rash!

More Amazing Gifs:

Bet You've Never Had A Day This Bad...

Reach For The Carrot Of Socialism And You Will Get This...

The Painful Chair Swing Ride Of Doom....

I Guess Her Rear View Mirror Dice Rolled Snake Eyes On This One..

Plane Versus Car Versus Ground...

Video: Armed Woman Shoots Purse Snatcher...

Had A Nightmare Last Night..I Dreamt Barack Obama Was Elected President...TWICE!

Libtard Parenting Skills Of The Day...

More Amazing Animated Gifs HERE
Animated Gif Collection #2 HERE
Animated Gif Collection #3
Animated Gif Collection #4
Animated Gif Collection #5 -OR- Motorcycles And Bulls Don't Mix..
Animated Gif Collection #6 or Bet She Lost Some Teeth...
Animated Gif Collection #7 -OR- This Is What Happens When You Fall Asleep While Driving...
Animated Gif Collection #8 -OR- Fish: 1, Dog: 0
Animated Gif Collection #9 -OR-Out Of Control Bus -OR-
Animated Gif Collection #10 -OR- How To Launch An Oil Truck Into The Air
Animated Gif Collection #11 -OR- Man That Must Have Hurt
Animated GIF Collection #12 -OR- This Is Brutal
Animated Gif Collection #13 -OR- This Guy Was Inches From DEATH!

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Go Figure: Federal Revenues Hit All-Time Highs Under Trump Tax Cuts

Taxes: Critics of the Trump tax cuts said they would blow a hole in the deficit. Yet individual income taxes climbed 6% in the just-ended fiscal year 2018, as the economy grew faster and created more jobs than expected.

The Treasury Department reported this week that individual income tax collections for FY 2018 totaled $1.7 trillion. That's up $14 billion from fiscal 2017, and an all-time high. And that's despite the fact that individual income tax rates got a significant cut this year as part of President Donald Trump's tax reform plan.
Income Taxes After Trump Tax Cuts

True, the first three months of the fiscal year were before the tax cuts kicked in. But if you limit the accounting to this calendar year, individual income tax revenues are up by 5% through September.

Other major sources of revenue climbed as well, as the overall economy revived. FICA tax collections rose by more than 3%. Excise taxes jumped 13%.

The only category that was down? Corporate income taxes, which dropped by 31%.

Overall, federal revenues came in slightly higher in FY 2018 — up 0.5%.

Spending, on the other hand, was $127 billion higher in fiscal 2018. As a result, deficits for 2018 climbed $113 billion.

Let's compare these results with Obama's last full fiscal year in office, 2016.

Individual income tax revenues went up by a mere 0.3%, Treasury data show. Fiscal 2016 also saw a 13% drop in corporate income taxes. FICA tax collections climbed by less than 1%. Excise tax collections dropped almost 3%.

Overall revenues increased by 0.5% — about the same as this year. The deficit? It climbed by $148 billion.

So, in other words, the government did better on revenues and deficits in the year after Trump's tax cuts went into effect than it did in Obama's last year in office.

Trump Tax Cuts To Blame For Deficit?

To this, critics say, yes, but revenues would have climbed faster had it not been for the tax cuts, because the economy was booming in 2018, unlike in 2016.

Not necessarily.

Yes, the economy was booming in fiscal 2018. But it probably wouldn't have been booming without the tax cuts. Had Trump not succeeded in getting his pro-growth tax cuts across the finish line, it's possible we'd have seen a year like Obama's last one. A sluggish economy, barely increasing federal revenues, and a large increase in deficits.

Does that mean Trump's tax cuts are fully "paying for themselves"? We wouldn't make that argument. But the faster economic growth is clearly offsetting at least some of their costs — which is precisely what...