What I see is there is no axis for $$$DOLLARS$$$$!!!!!!!!!
Federal Income Tax receipts measured in DOLLARS were highest in 2007!
What I see is there is no axis for $$$DOLLARS$$$$!!!!!!!!!
And what I see is that you apparently have no clue that revenues always go up due to inflation and population growth. To quote my short analysis at this link:
At 99.6 percent, revenues did nearly double during the 80s. However, they had likewise doubled during EVERY SINGLE DECADE SINCE THE GREAT DEPRESSION! They went up 502.4% during the 40's, 134.5% during the 50's, 108.5% during the 60's, and 168.2% during the 70's. At 96.2 percent, they nearly doubled in the 90s as well. Hence, claiming that the Reagan tax cuts caused the doubling of revenues is like a rooster claiming credit for the dawn.
Federal Income Tax receipts measured in DOLLARS were highest in 2007!
Yes, and they will reach a new high due to inflation and population growth, regardless of our tax policy. If we had had this discussion in 2005, the highest receipts would still have been in 2000, before the Bush tax cuts (see the data at this link). Would you have then admitted to the total failure of the Bush tax cuts to raise revenue?