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WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.
Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.
Originally posted by Crakeur
alot of that new record comes from the oil companies and their sky high profits and the unfortunate side effect of those tax cuts. the alternative minimum tax.
so, yeah, he cut taxes but he didn't on the personal level and thanks to his war in the middle east and some unfortunate weather and other circumstances, the price of oil is picking up the slack in the rest of the corporate tax paying economy. Wait until the fourth quarter when retail sales suck and oil is down and the fourth quarter figures are much lower. then you can blow your horn.
Originally posted by FreiMaurer
The price of oil had NOTHING to do with this tax season's increase...unless you can come-up with a real argument.