Total Receipts (millions of $)
2005 . . . . . 2,153,859
2004 . . . . . 1,880,279
2003 . . . . . 1,782,532 (16.27% of GDP) $555 Billion Debt
2002 . . . . . 1,853,395
2001 . . . . . 1,991,426
2000 . . . . . 2,025,457
1999 . . . . . 1,827,645
1998 . . . . . 1,721,955 (19.69% of GDP) Budget Surplus
GDP (in billions of dollars)
2005 - - - $12,433.9
2004 - - - $11,685.9
2003 - - - $10,960.8
2002 - - - $10,469.6
2001 - - - $10,128.0
2000 - - - $9,817.0
1999 - - - $9,268.4
1998 - - - $8,747.0
1997 - - - $8,304.3
Increases In Federal Debt By Year
2006 - - $574 Billion
2005 - - $554 Billion
2004 - - $596 Billion
2003 - - $555 Billion
2002 - - $421 Billion
2001 - - $133 Billion
2000 - - $18 Billion
Individual income taxes as a percentage of GDP are at their lowest level since 1950. Not surprisingly, FY2010 is the first fiscal year to feel the full impact of the 2001 & 2003 tax cuts.
Corporate taxes are at their lowest percentage of GDP since 1937.
Thanks, Anus! Thanks, Republicans!
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