Fed tax revenue at all time high
Remember, I do this to entertain me, not you.
Uncle Pays the Bills
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June 18th, 2007 at 8:50 am
Interesting; but even Ben Bernanke and Alan Greenspan will tell you that they don’t believe the “tax cuts pay for themselves” mantra (very few mainstream economists do).
There are lots of factors that influence tax revenue, not the least of which was a gigunda housing boom in the last decade that put a lot of money in a LOT of people’s pockets.
June 18th, 2007 at 8:53 am
But there’s correlation! and we know that proves everything!!!!
June 18th, 2007 at 9:10 am
Heh :).
The only real tax cut is a spending cut. And we haven’t had many of those lately…like since about 1890.
June 18th, 2007 at 11:56 am
FACT: Democrats hate real economic growth with the passion of a thousand suns.
Just think if the GOP-congress had actually acted like conservatives and cut spending. We’d have money coming out of our buttholes.
June 18th, 2007 at 12:57 pm
A good read about the rising revenues
http://www.factcheck.org/taxes/supply-side_spin.html
June 18th, 2007 at 1:26 pm
If libertarian/conservatives believe in small government and choking the government of revenue, it would follow that they should support ever higher taxes as that would reduce the revenue going to government by this logic.
June 19th, 2007 at 4:22 pm
Madrocketscientist beat me to it. The “record revenues” are highly misleading, because they’re in current dollars, rather than constant dollars. Once you correct for inflation or normalize against GDP, the picture isn’t nearly so rosy.
June 19th, 2007 at 4:25 pm
chart says it’s adjusted for that.