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


To: TigerPaw who wrote (287492)5/10/2006 2:34:04 PM
From: longnshort  Read Replies (1) | Respond to of 1571815
 
it's from the CBO



To: TigerPaw who wrote (287492)5/10/2006 3:07:53 PM
From: longnshort  Read Replies (2) | Respond to of 1571815
 
April Tax Revenue 2nd-Highest in History
May 10 2:23 PM US/Eastern
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By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON

A flood of income tax payments pushed up government receipts to the second-highest level in history in April, giving the country a sizable surplus for the month.

In its monthly accounting of the government's books, the Treasury Department said Wednesday that revenue for the month totaled $315.1 billion as Americans filed their tax returns by the April deadline. The gusher of tax revenue pushed total receipts up by 13.4 percent from April 2005.

It marked the largest one-month receipt total since the government collected $332 billion in revenue in April 2001, reflecting a boom in capital gains from stock investors lucky enough to cash out their investments before the bursting of the stock market bubble in early 2000.



To: TigerPaw who wrote (287492)5/10/2006 3:08:35 PM
From: longnshort  Read Replies (1) | Respond to of 1571815
 
I guess tax cuts do bring in more tax revenue, but I knew that. Why didn't you ?



To: TigerPaw who wrote (287492)5/10/2006 3:09:15 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1571815
 
TP, More of that home school arithmetic?

It would have to be if they don't teach the Laffer Curve in public schools.

Tenchusatsu