I’ll say this again (as I have in the past year), 2014 will be the absolute worst tax collection year for the IRS in several decades and it can be directly attributed to The One” sitting in the WH (or more likely on the greens). Why. The ACA killed millions of jobs and caused is responsible for a very large number of businesses closing. They’re really going to crap their pants when they see all the young single temp workers filing that don’t have to pay in and will get just about all of it back. Pretty soon they will be getting IOUs out instead of checks at this rate...
“I’ll say this again (as I have in the past year), 2014 will be the absolute worst tax collection year for the IRS in several decades”
Destructive policies are shrinking the pie, but the Government is taking a much bigger cut out of it.
2014 is actually a record year for revenue from tax collection. The biggest tax increase in human history has been put in place, and they are raking it in.
They are still spending more than they take in, and the high rate of taxation is further reducing growth, however.