WILLisms.com: Trivia Tidbit Of The Day: Part 116 -- Tax Revenues.

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Trivia Tidbit Of The Day: Part 116 -- Tax Revenues.

Largest Tax Revenue Increase In American History-

Source:

Americans for Tax Reform (.pdf).

Spending is also increasing, but at a much less rapid rate than the growth of tax receipts. Thus, the shrinking deficit. Now, imagine if we could institute an across-the-board freeze in the growth of spending, or even just limit spending increases to inflation and population growth.

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Posted by Will Franklin · 23 July 2005 09:21 AM

Comments

Tax Reform? Yikes!!! Just filling out a tax return you almost have to be a CPA, Attorney, Heart specialist(because of all the stress), or you just have to be able to Guess! ... Taxes have become more and more difficult evrey year!...

Posted by: Zsa Zsa at July 23, 2005 09:38 AM

You mean Bush cut the tax rate and tax revenue increased to a record level???? Get outta town!!! They don't teach that in public school. The liberals don't believe it. The MSM ignores it. And the people that lay on thier asses all day long and don't pay taxes are really pissed. All these groups want all taxpayers to pay more taxes. They don't understand the concept of people using the tax money not taken by the Feds will be put to the use of generating more wealth. Therefore, more tax revenue at a lower tax rate. Too complicated for your average lefty.

Posted by: Eneils Bailey at July 23, 2005 11:06 AM

Draw a line from the trough of the Bush 41 recession (1991) to the present.

It would seem tax revenue is increasing in a structural fashion over time.

The anomaly is 2001-2003, which was due to two "hopefully" non recurring events--the bursting of the dot-com bubble and 9/11

Posted by: Ironman at July 25, 2005 10:10 AM