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

To: TimF who wrote (615180)	6/7/2011 8:13:55 AM
From: Alighieri	Read Replies (3) \| Respond to of 1578501

Your data supports my points. The revenue went down with the recessions. It went down by a a larger percentage then the economic decline (largely but not exclusively because much of our revenue comes from progressive income taxes). It went down sharply with the next recession started, without additional cuts in rates, and before any major temporary credits went in to effect Sorry Tim, creative interpretation but the data CLEARLY DOES NOT support your points...I tried hard to structure the post so that the interpretation is inevitable and simple, but your obstinate ideology is in the way of the obvious conclusion. For the last time... There was one recession in the early 2000s... Early 2000s recession March 2001–Nov 2001 = 8 months Peak unemployment = 6.3% GDP Decline = -0.3% Decline of revenue during the recession = $10B...keep in mind that the tax cuts are already in effect for part of the year. 2002 revenue decline $136B ... this is after the recession is OVER The table speaks for itself for subsequent years. Income Taxes 2000 $1.004T 2001 $0.994T 2002 $0.858T (The recession is over now) 2003 $0.793T (Revenue drops again) 2004 $0.808T (Revenue begins to grow from the new 2002 tax base, slightly, following expected economic expansion) 2005 $0.927T (The recession is long since over) 2006 $1.043T (Back to roughly 2000 levels. It took 5+ years to get back to 2000 levels) You had the income ceilings lifted, and you also had economic growth over the period* as a whole (despite the fact that it included 2 recessions).* Precisely...income tax revenue however is down for five years following the tax cuts. By the way, history seems to only record one recession, in 2001, then of course the big one in 2007...non payroll tax revenue really collapses at that point. By the way, here's what you said... The payroll tax revenue (as shown by your link) also went down with the recessions, just not as much. Al