Charting the Fiscal Trainwreck
http://grab.by/9S7A
Average monthly tax revenue:
http://grab.by/9S7B
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 www.fms.treas.gov/mts/mts.pdf
Average monthly tax revenue:
http://grab.by/9S7B
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 www.fms.treas.gov/mts/mts.pdf
posted by Iconoclast421 at 6:44 AM
1 Comments:
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.
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