New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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To: Arthur Tang who wrote (106)	1/27/1998 7:22:00 AM
From: Arthur Tang	Read Replies (1) of 435

The new economy and the tax collection of the United States? In a 100% pie chart analysis, the tax collected is usually 10% corporate taxes. 40(resulted in deficit for many years)-57% taxes collected from individual tax payers. 33% taxes are collected on social security and medicare. If corporate taxes increased to 13%, we will get a surplus, provided that indivadual tax payers pay 57%; social security and medicare collection also increase along with the income tax package. From this overview, we have the new economy emphasizing job growth. Job growth formula is corporate efficiency and profits which enable more expansion and more hiring. In October, 1995 the new economy turned the corner. Number of tax payers increased from 107 million to 135 million as reported by internal revenue service. Equally important, the new economy effected the earnings of corporations and provided stock value improvement. America rebuilded its citizens' capital. The increase in wealth of Americans effected growth of population and in turn effected the real estate boom. This year, land development came of age. We will see more and more development of this new economy. $10 trillion economy is our "new economy" target.

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