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Andy The Bitcoin Adviser

What were tax receipts at the same time?

Humble Bitcoiner 2y ago

Total revenue was $4.9 trillion. But deficit was $1.38 trillion

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Discussion

Andy The Bitcoin Adviser 2y ago

The projections for this year are all way too optimistic as well right?

Humble Bitcoiner 2y ago

Ofcourse! Don’t forget that tax receipts are in a booming economy (pumping equities) also the highest. If we go in a recession, tax receipts will plummet as well

Andy The Bitcoin Adviser 2y ago

They already are plummeting due to a lack of cap gains