Skip to comments.WH Predicts: Taxes Will Hit Record $3T in FY14--$29,673 Per Full-Time Worker
Posted on 11/14/2013 1:42:19 PM PST by Nachum
(CNSNews.com) - The latest Monthly Treasury Statement, which was released on Wednesday afternoon, relies on the estimate made by the White House Office of Management and Budget to say that federal tax revenues will top $3 trillion for the first time in the nations history in fiscal 2014.
In fact, the record $3,023,004,000,000 in tax revenues that the White House is predicting the federal government will rake in during fiscal 2014 not only exceeds the inflation-adjusted revenue taken in by the government in any previous year, it also equals $29,673 in tax revenue for every full-time worker in the country.
It is also equals $9,534 for every man, woman and child currently living in the country.
Until now, the record-setting year for inflation-adjusted federal tax revenues was fiscal 2007. In that year, the federal government brought in $2,899,644,380,000 in constant 2013 dollars.
If the White House is correct that total federal tax receipts will hit $3,023,004,000,000 in fiscal 2014, that would represent an increase of $123,359,620,000 in constant 2013 dollars over fiscal 2007's record tax haul of $2,899,644,380,000. Real tax revenues this year, according to the White House estimate, will be 4.25 percent higher than they have ever been. - See more at: http://cnsnews.com/news/article/terence-p-jeffrey/wh-predicts-taxes-will-hit-record-3t-fy14-29673-full-time-worker#sthash.35cgmivz.dpuf
(Excerpt) Read more at cnsnews.com ...
I love you...
I promise not raise your taxes
The list, Ping
Let me know if you would like to be on or off the ping list
Obamacare Tax has kicked in....If you make more than $200,000 your taxes have increased
Please someone explain to me why no one realizes that we are halfway to communism? (the government is the only employer, the only source of goods, and the owner of all property)
Because most have never seen communism; its something from the past they have no idea about, sounds che cool, but are too thick to realize they are in the midst of it. Witness some of the idiots in CA literally saying the loved obamacare until they just recently found out they have to pay for it.
This country is going to be crushed soon and those that couldn’t take time out to educate themselves to what is happening will be the ones turning feral on you and I. Keep stocking up, beans and bullets; lots of bullets.
But there won’t be any full time workers!.....................
A real revolution is needed.
1) That is from the Whitehouse
2) That little word; “estimate”
Millions have no clue they are going to be paying double if not quadruple for “healthcare” very, very soon. This administration has already shown it cares not for the law so how long before many wake up to their bank accounts emptied by the IRS justifying “their fair share”? (think it won’t happen? just wait) The economy tanks then. Dollars don’t move hence dollar’s will no longer create wealth. Then we get the lovely employer mandate next year. Business grinds to a halt. Welcome to communism. Our retirements are going to be raided in a few short years; that you can bank on.
sentence #5 should be #1:
0 and clintoons used the ‘tax the rich’, wealth envy angle for political gain. However too many low information voters don;t get that if they work and get a paycheck, they are the ‘rich’ that are going to see their taxes raised.
So which influential political constituent groups will get their hands on more of that money, and which ones will lose more?
Ha. The ones that are fully infiltrated by the communists.
Meanwhile, on the home front, I finally got a job after looking for a year --at 20% less than my previous job, and with no benefits.
Glad to hear your employed. At least there is that.
However, due to Obamacare more people will be working two PT jobs by then to make ends meet.
It’s not enough ... we need more revenue ... < /sarc>
Thanks. Yes, I'm glad for that.
I just wanted to emphasize the decline in private sector wages, along with the high unemployment. Meanwhile, back in D.C., they're drinking champagne from slippers.
Hey, I am in the heath insurance business and am watching what I have built for more than two decades turn to crap.