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To: Toddsterpatriot
You can't blame a tax cut for revenues that were lost because of a recession, can you?

True. But neither can you credit a tax cut for revenues that increase due to the recovery from a recession. The following graph shows receipts, outlays, and deficits since 1981:

The actual numbers and sources are at http://home.att.net/~rdavis2/mts.html. As you can see, the recovery from the 1980-82 recession was no more impressive that either of the recoveries that we've had since then. In addition, the graph shows two problems with the original article by Jerry Bowyer that started this thread. As you can see from his chart in post #7 above, Bowyer did not correct his revenue numbers for inflation. In addition, he was very selective in showing only the last four years. As the graph above shows, inflation-corrected revenues are still well below their 2000 highs. Hence, Bowyer is bragging about a partial recovery from a very deep drop in revenues.

46 posted on 12/04/2005 2:06:06 PM PST by remember
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To: remember
As you can see, the recovery from the 1980-82 recession was no more impressive that either of the recoveries that we've had since then.

How about compared to recoveries before 1980-82?

OUTSTANDING CONSUMER CREDIT AND PERSONAL SAVING: 1959-2003
                         (billions of dollars)

              Personal Disposable    Total                Non-
     Personal  Current   Personal Consumer Revolving Revolving Personal
Year   Income    Taxes     Income   Credit    Credit    Credit   Saving
-----------------------------------------------------------------------
1959    392.8     42.3      350.5     56.0       0.0      56.0     26.7
1960    411.5     46.1      365.4     60.0       0.0      60.0     26.7
1961    429.0     47.3      381.8     62.2       0.0      62.2     32.2
1962    456.7     51.6      405.1     68.1       0.0      68.1     33.8
1963    479.6     54.6      425.1     76.6       0.0      76.6     33.3
1964    514.6     52.1      462.5     86.0       0.0      86.0     40.8
1965    555.7     57.7      498.1     96.0       0.0      96.0     43.0
1966    603.9     66.4      537.5    101.8       0.0     101.8     44.4
1967    648.3     73.0      575.3    106.8       0.0     106.8     54.4
1968    712.0     87.0      625.0    117.4       2.0     115.4     52.8
1969    778.5    104.5      674.0    127.2       3.6     123.6     52.5
1970    838.8    103.1      735.7    131.6       5.0     126.6     69.5
1971    903.5    101.7      801.8    146.9       8.2     138.7     80.6
1972    992.7    123.6      869.1    166.2       9.4     156.8     77.2
1973   1110.7    132.4      978.3    190.1      11.3     178.7    102.7
1974   1222.6    151.0     1071.6    198.9      13.2     185.7    113.6
1975   1335.0    147.6     1187.4    204.0      14.5     189.5    125.6
1976   1474.8    172.3     1302.5    225.7      16.5     209.2    122.3
1977   1633.2    197.5     1435.7    260.6      37.4     223.1    125.3
1978   1837.7    229.4     1608.3    306.1      45.7     260.4    142.5
1979   2062.2    268.7     1793.5    348.6      53.6     295.0    159.1
1980   2307.9    298.9     2009.0    351.9      55.0     297.0    201.4
1981   2591.3    345.2     2246.1    371.3      60.9     310.4    244.3
1982   2775.3    354.1     2421.2    389.8      66.3     323.5    270.8
1983   2960.7    352.3     2608.4    437.1      79.0     358.0    233.6
1984   3289.5    377.4     2912.0    517.3     100.4     416.9    314.8
1985   3526.7    417.4     3109.3    599.7     124.5     475.2    280.0
1986   3722.4    437.3     3285.1    654.8     141.1     513.7    268.4
1987   3947.4    489.1     3458.3    686.3     160.9     525.5    241.4
1988   4253.7    505.0     3748.7    731.9     184.6     547.3    272.9
1989   4587.8    566.1     4021.7    794.6     211.2     583.4    287.1
1990   4878.6    592.8     4285.8    808.2     238.6     569.6    299.4
1991   5051.0    586.7     4464.3    798.0     263.8     534.3    324.2
1992   5362.0    610.6     4751.4    806.1     278.4     527.7    366.0
1993   5558.5    646.6     4911.9    865.7     309.9     555.7    284.0
1994   5842.5    690.7     5151.8    997.1     365.6     631.6    249.5
1995   6152.3    744.1     5408.2   1140.6     443.1     697.5    250.9
1996   6520.6    832.1     5688.5   1242.2     498.9     743.2    228.4
1997   6915.1    926.3     5988.8   1305.0     521.7     783.4    218.3
1998   7423.0   1027.0     6395.9   1400.3     562.8     837.5    276.8
1999   7802.4   1107.5     6695.0   1512.8     590.5     922.3    158.6
2000   8429.7   1235.7     7194.0   1686.2     658.9    1027.4    168.5
2001   8713.1   1243.7     7469.4   1822.2     703.9    1118.3    127.2
2002   8910.3   1053.1     7857.2   1902.7     716.7    1186.0    183.2
2003   9208.0    991.4     8216.5   1998.5     744.9    1253.6    173.5



Great table. You have this data in real dollars? If so could you chart it versus the individual real income tax revenue numbers in post #42?

47 posted on 12/04/2005 5:05:23 PM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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