Article

2018-02-13 Economy

Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

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Posted by Besoeker 2018-02-13 00:50|| || Front Page|| [2 views ] Top

#1 http://www.breitbart.com/big-journalism/2018/02/12/report-cnn-lay-off-50-employees-missing-revenue-targets/

CNN missed thier revenue targets. Trump exceeds his.

Posted by Bright Pebbles 2018-02-13 05:21|| 2018-02-13 05:21|| Front Page Top

#2 Absolutely BP. Great irony.

Posted by Woodrow 2018-02-13 08:20|| 2018-02-13 08:20|| Front Page Top

#3 If the feds can keep that differential going, it will change the landscape for decades. I will have to look at this more closely, but is $49B per month enough.

Posted by Whiskey Mike 2018-02-13 08:31|| 2018-02-13 08:31|| Front Page Top

#4 the surplus was about the same in January 2017

the monthly numbers reflex various tax management strategies

April is also a month with frequently a big surplus because people are filing

September also has a frequent surplus because of late filing and estimated payments for the next filing

Posted by lord garth 2018-02-13 09:18|| 2018-02-13 09:18|| Front Page Top

#5 What lord garth said - April 15th is when the first quarter estimated tax payments are due, followed by June 15th (Q2), Sept. 15th (Q3) and Jan. 15th (Q4). January collections also potentially reflect year-end bonuses to employees.

Posted by Raj 2018-02-13 09:53|| 2018-02-13 09:53|| Front Page Top

#6 Thanks people. I was going to ask my bookkeeper, who is absolutely brilliant but she is buried right now. Tax season. She may be 'just' a bookkeeper, but she is far better than I am (4 years of accounting, zero hands on time); I defer to her insight. I keep her up to date on best carry and stuff. It works.

Posted by Whiskey Mike 2018-02-13 13:10|| 2018-02-13 13:10|| Front Page Top

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