SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Who Really Pays Taxes? -- Ignore unavailable to you. Want to Upgrade?

To: c.horn who wrote (169)8/14/2000 8:56:41 PM
From: arno  Read Replies (1) | Respond to of 666
 
Can anyone here tell me what happened to revenues in the 6 years following that cut?

They increased exponentially. I don't have the numbers off the top of my head, but revenues exploded.

The problem was Congress spent it all, and then some. <gg>



To: c.horn who wrote (169)8/15/2000 9:24:53 AM
From: Les H  Respond to of 666
 
They raised taxes within 5 years. Added top rate of 36 percent. Dropped caps on income subject to Medicare tax. They may have also changed the indexation on the income subject to Social Security tax so that it was indexed by avg income growth (5-6 percent) as opposed to CPI (2-3 percent) which was doctored down.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News