[Toddsterpatriot]

Under Reagan federal tax receipts tripled.

In FY 1981, receipts were $599.272 billion.
In FY 1989, receipts were $991.104 billion.

[DoughtyOne]

Thank you. I’ve looked that up before, and I’m not sure exactly what the deal is. At one time I confirmed that receipts tripled. Not sure what I was referencing back then.

I can’t refute what you’ve found either.

[DoughtyOne]

I know what part of the problem is.

The stats I mentioned should have been, “They doubled under Reagan”, although that isn’t exactly right either. Looks like they went up about 50%.

At any rate, the spending in Congress went up even more.

As I recall the old standard was the spending went up triple while the receipts went up double.

Thanks for the correction.

[Pelham]

Part of that increase in tax receipts came from the deficit spending that continued during those years.

Deficit spending increases the ‘G’ in the GDP formula: C+G+I+Nx=GDP

The deficit spending wasn’t Reagan’s desire but it did occur.

[zeestephen]

Re: Under Reagan federal tax receipts tripled.

In FY 1981, receipts were $599.272 billion.

In FY 1989, receipts were $991.104 billion.

Tripled?

1989 would have to be $1.8 trillion for a triple.

Please remember that the inflation rate during that eight year period was 36.4%.

So, just to stay even with inflation, Reagan needed to collect $818 billion in 1989.