Government Revenue - Nigeria collected more than half of its targeted annual tax revenue in the first six months [1] Economic Factors - Oil price dropped below budget projections [1]

If this continues, America goes de facto bankrupt and all tax revenue will go to paying interest on the national debt with nothing left for anything else.Wall Street Mav (@WallStreetMav):How did we arrive at a point in this country where 25% of all tax revenue goes to just paying the interest in $37 trillion in govt debt?Annually:US govt total reveneue = about $5 trillionUS govt interest on debt = about $1.2 trillionUS govt spending = about $7 trillion https://t.co/d0te2sZ7is ...

This is a very important slide. Um it illustrates the laugher curve. Uh when you cut taxes, if tax rates are too high, uh then you the revenue actually will increase.Why is that. Uh because companies and individuals stop using tax shelters and uh and stop trying to avoid taxes. So here you can see the history of the corporate tax rate and that is the black line there and you can see over time uh what has happened.This goes back to uh the early 1900s when uh we first put in place various income tax rates. Uh ...

Core Viewpoint - The article highlights the trend of proactive fiscal spending in the early months of the year, with a significant focus on social welfare and public services, despite a decline in overall fiscal revenue growth. Group 1: Fiscal Revenue and Expenditure - In the first two months, general public budget revenue reached 4.4 trillion yuan, showing a year-on-year decline of 1.6%, which is below the previous year's growth of 1.3% and the budget target of 0.1% [3] - The general public budget expenditure was 4.5 trillion yuan, with a year-on-year growth of 3.4%, slightly lower than the previous year's growth and the target of 4.4% [5] - The broad fiscal deficit reached 621.7 billion yuan, marking a historical high for the same period, indicating significant expenditure pressure amid declining revenue [2] Group 2: Focus on Social Welfare - There was a notable increase in the proportion of expenditure directed towards social welfare, education, and employment, while infrastructure spending saw a decrease [6] - The central government's expenditure growth rose to 8.6%, while local government expenditure growth fell to 2.7% [5] - Personal income tax revenue showed a rebound with a growth rate of 26.7%, reflecting marginal improvements in residents' income [4] Group 3: Government Fund Performance - Government fund revenue growth recorded a decline of 10.7%, falling short of the initial budget target of 0.7% [7] - Government fund expenditure growth decreased to 1.2%, which is below the initial target of 23.1% but higher than the previous year's growth of 0.2% [7]