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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (236701)	6/10/2005 4:26:06 PM
From: neolib	Read Replies (1) \| Respond to of 1574616

"Much of the improvement from 2004 can be attributed to special factors but the deficit is now clearly falling," he said. Would be nice to see some clarification on that. BTW, last month I harassed you on this topic when April came in lower than expected, but this does make it two in a row, so perhaps you made a good call. My logic is that taxes should be roughly constant with GDP, so government income should not raise much more than the GDP for a year. Currently we are up 15% on income, so has the effective tax rate increased that much? One note is that if wealth shifts from lower income to higher income individuals then the effective tax rate could shift upwards relative to the GDP, but still, it would not be 15% in one year. How has the last $80B for Iraq & WOT been reflected in these numbers?