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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (33584)7/13/2005 11:45:07 AM
From: mishedlo  Read Replies (2) of 116555
 
Increased Tax Receipts Reduce Deficit

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. That was similar, though much smaller than a sharp rise in tax revenue during the stock market boom of the late 1990's, which was followed by plunges in revenue when the market bubble burst.

nytimes.com
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