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WH Predicts: Taxes Will Hit Record $3T in FY14--$29,673 Per Full-Time Worker
CNSnews.com ^ | 11/14/13 | Terence P. Jeffrey

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 nation’s 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 ...


TOPICS: Breaking News; Government; News/Current Events
KEYWORDS: 404; guarantee; nevermind; period; taxes; worker
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Check is in the mail...

I love you...

and.. er

I promise not raise your taxes

1 posted on 11/14/2013 1:42:19 PM PST by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 11/14/2013 1:43:45 PM PST by Nachum (Obamacare: It's. The. Flaw.)
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To: Nachum

Obamacare Tax has kicked in....If you make more than $200,000 your taxes have increased


3 posted on 11/14/2013 1:44:20 PM PST by Paratrooper
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To: Nachum
Between Obama fines, the 3.8% taxes on your home and so forth, government will have more of your money to misspend.
4 posted on 11/14/2013 1:46:02 PM PST by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: Nachum

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)


5 posted on 11/14/2013 1:46:08 PM PST by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: FReepers

Click The Pic To Donate

Support FR, Donate Monthly If You Can

6 posted on 11/14/2013 1:48:19 PM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: I want the USA back

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.


7 posted on 11/14/2013 1:51:28 PM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: Nachum

But there won’t be any full time workers!.....................


8 posted on 11/14/2013 1:52:46 PM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: Nachum
I noticed about two years ago that if you look at the Federal Revenue Outlays data sheets, they estimate how deficit growth will fall. Their solution? MORE REVENUE! That is the ONLY way the deficit growth goes down, because the outlays continue to grow! We are really going to have $4T in revenue by 2018?

Fiscal Year 2014 Historical Tables


9 posted on 11/14/2013 1:56:51 PM PST by Eagle of Liberty (Be the Enemy Within the Enemy Within...)
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To: Nachum
The trillions borrowed go directly to banksters and crony capitalists on Wall Street while the rest of us are whipped like mules to pay more taxes and support illegal aliens and Obamaphones for the undeserving poor.

A real revolution is needed.

10 posted on 11/14/2013 2:04:45 PM PST by pierrem15 (Claudius: "Let all the poisons that lurk in the mud hatch out.")
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To: Eagle of Liberty

LOL....

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.


11 posted on 11/14/2013 2:06:41 PM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: DJ MacWoW

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.


12 posted on 11/14/2013 2:13:55 PM PST by jonose
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To: Nachum

So which influential political constituent groups will get their hands on more of that money, and which ones will lose more?


13 posted on 11/14/2013 2:15:05 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: familyop

Ha. The ones that are fully infiltrated by the communists.


14 posted on 11/14/2013 2:16:46 PM PST by Nachum (Obamacare: It's. The. Flaw.)
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To: Nachum
I'm so happy for the government.

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.

15 posted on 11/14/2013 2:25:25 PM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: St_Thomas_Aquinas

Glad to hear your employed. At least there is that.


16 posted on 11/14/2013 2:27:54 PM PST by Nachum (Obamacare: It's. The. Flaw.)
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To: Nachum

However, due to Obamacare more people will be working two PT jobs by then to make ends meet.


17 posted on 11/14/2013 2:30:49 PM PST by matt04
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To: Nachum

It’s not enough ... we need more revenue ... < /sarc>


18 posted on 11/14/2013 2:31:45 PM PST by dartuser
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To: Nachum
Glad to hear your employed. At least there is that.

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.

19 posted on 11/14/2013 2:33:38 PM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: St_Thomas_Aquinas

Hey, I am in the heath insurance business and am watching what I have built for more than two decades turn to crap.


20 posted on 11/14/2013 2:35:35 PM PST by Nachum (Obamacare: It's. The. Flaw.)
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