Must be that Tax Burden people talk about
2 Responses to “Must be that Tax Burden people talk about”
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July 14th, 2005 at 6:37 pm
Remind the nearest liberal of another President who cut tax rates in order to get higher tax receipts: John F. Kennedy. Not that I consider more money for the gubmint to be a good thing…
“Corporate tax revenue has soared about 40 percent, after languishing for four years, and individual tax revenue is up as well.
Most of the increase in individual tax receipts appears to have come from higher stock market gains and the business income of relatively wealthy taxpayers. The biggest jump was not from taxes withheld from salaries but from quarterly payments on investment gains and business earnings, which were up 20 percent this year.”
There go those darned Republicans, soaking the rich again.
July 15th, 2005 at 2:39 am
Correlation does not equal causation. Tax revenues are coming back up because .. they initially went way down.
Realize here that tax receipts are a reflection of who is making money as well as who is being taxed in what proportion.