Wednesday, April 13, 2011

Charting the Fiscal Trainwreck
Average monthly tax revenue:

Average monthly tax revenue for the first quarter:

What do these graphs say? In the first quarter of 2011, US Federal Tax revenue is down 10% compared to the first quarters of 2007 and 2008. While 10% may not seem so bad, you have to keep in mind that the federal government has borrowed and spent no less than $5 Trillion in the last 3 years in a madman's attempt at propping up the economy (and therefore propping up tax revenue).

Charts made from data taken directly from


Anonymous Michael said...

When you consider that income limits for IRA conversion to Roth expired, the drop in revenue is more dire. I was able to convert for the first time and paid more taxes while sheltering my capital from taxes for the rest of my life.

6:36 AM  

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