Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (28364)	9/19/1998 1:33:00 PM
From: Berney	Respond to of 94695

Lee, Re: operating from memory I didn't bother to look up the 97 figures, but for the year ending 9/30/96, total individual taxes were $656B out of revenue of $1.46T. It is my understanding that about 10% of individual tax collections relate to capital gains. Due to the distinct possibility that mutual fund shareholders may well be receiving capital gain distributions, while their NAV's are declining, it could be interesting to speculate on the real net change in this revenue source. On the other side of the equation, expenditures were $1.56T, of which net interest expense was 15%. No speculation here as this number is going down. Berney