CARPE DIEM: Tax Facts

Sunday, November 19, 2006
CARPE DIEM: Tax Facts: "From the most recent report from the Congressional Budget Office:

1. Corporate income tax revenues almost doubled over the last two years, from $189 billion in 2004 to $354 billion in FY 2006.

2. Corporate income tax receipts rose by 27.2% from FY 2005 to FY 2006.

3. Individual income tax revenues increased by 12.6% in 2006 to more than $1 trillion, the highest level in US history.

4. The budget deficit, as a percent of GDP, fell to 1.9% in FY 2006, the lowest level in 4 years, and well below the average of 2.3% since 1965. "

3 comments:

Buddy Larsen said...

Individual tax rcpts have grown at 12%/yr for three straight years in a row.

Bostonian said...

I'm sure the legacy press will tell us all about this.

Knucklehead said...

Yeah, so?!? It's not enough. The government is allowing people to keep too much money. Take more money away from everyone. That's what all thinking, caring people want.