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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (202975)	5/19/2009 2:49:32 PM
From: NOW	Read Replies (1) \| Respond to of 306849

"A breakdown comes from The White House Office of Management and Budget, which shows that in fiscal 2007 (the 12 months ending last Sept. 30) receipts from individual income taxes accounted for 45.3 percent of the government's total tax revenues, while receipts from social insurance and retirement taxes made up 33.9 percent and corporate income taxes 14.4 percent. Most of the social insurance and retirement taxes (94 percent of them) are Social Security and Medicare receipts; the category also includes unemployment insurance and Railroad Retirement. Excise taxes, which would include the gasoline tax our reader asked about, made up 2.5 percent of all receipts and 3.9 percent came from other sources. OMB's "other" category includes estate and gift taxes, and customs duties and fees." <vast majority of tax revenue comes from businesses>