Reply #15: Here......... [View All]

[F.Gordon]

In 1973 Corporate Tax accounted for 16.4% of total tax revenue. In 2002 it accounted for 7.5%. A drop of 54.3%,

In 1973 Individual Tax accounted for 52.6% of total tax revenue. In 2002 it accounted for 51.5%. A drop of 2.1%.

In 1973 Estate (the “DEATH”) Tax accounted for 1.8% of total revenue. In 2002 it accounted for 1.2%. A drop of 33.3%

So, where has the difference been made up. In Employment Tax (Social Security, Medicare, FUTA). In 1973 it accounted for 21.9% of total tax revenue and in 2002 it accounted for 34.1%. An increase of 55.8%.

There is no such thing as a “tax cut”. You can pay Peter or you can pay Paul, but you will pay someone.

Link? Yea, I got your friggin’ link………

http://www.irs.gov/pub/irs-soi/02db07co.xls