09-27-2009, 06:59 PM
Quote:Yes. The facts are in the numbers. On this much, we agree. Now, could you please either a) show me where they support your statement that revenue is down 60%, or b ) admit that revenue is not down 60%?Corporate tax revenue is down 60%. That was the 60% number I quoted. But if you want to look at the current situation overall...
http://www.usatoday.com/money/perfi/taxes/...enue-down_N.htm
That was after Q1...
http://www.fundmymutualfund.com/2009/08/fe...plummeting.html
This guy charts overall Tax Revenues down 18% for 2009, after a decline of 15% in 2008... That is 33% so far... Add in the losses from SSI, Transportation, and other sources and we're getting close to 60% overall. There are many, many things that are now unfunded that were depending on a stable economy. Since income taxes are a pretty taboo subject, governments have relied on other mechanisms for revenue generation.