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. "
Money, Politics, Media, and Academia
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