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Um, FedGov tax revenue continually increases in current dollars, short downturns caused by the stock and housing bubbles notwithstanding. Tax revenue for 2013 i
by declan 13y ago
Um, FedGov tax revenue continually increases in current dollars, short downturns caused by the stock and housing bubbles notwithstanding. Tax revenue for 2013 is expected to be over 50% higher than 2003, for instance:
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200 http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Doc...
And tax revenue for 2018 is expected to be nearly 50% higher than 2013. The idea that tax revenue has somehow "decreased" is folly. It's just not being spent on what this particular special interest group (academics in science-related disciplines, it seems) would prefer.
- eli_gottlieb 13y agoHave you adjusted those numbers for inflation?
- declan 13y agoBoth my comment above and the label on the chart refer to "current dollars."
- Balgair 13y agoSo, where are the dollar going then? If, inflation adjusted, the revenue is going to be +50% in 4 years, then you'd think the revenue going to science would scale up just as much. The author of the piece is betting the other way. Is it SS or MediCare that is taking up more and more? Thank you very much for the correction.