In 1999, 6% of federal receipts were from capitol gains. i.e. $110bil out of $1.828 tril.
Indeed, from 1994 to 1999, capital gains reports under Adjusted Gross Income more than tripled in nominal terms. JDG At 10:31 PM 2/5/2003 -0500 John D. Giorgis wrote: >At 07:56 PM 2/5/2003 -0600 Dan Minette wrote: >>> Eh, he got a mighty fine assist from capital gains revenues from a stock >>> market bubble. >> >>OK, what fraction of US goverment income comes from capital gains revenues? > >I'm willing to bet that if Bush had that same fraction that Clinton did, we >would not have a deficit today. (Although maybe you'd have to subtract >the war budget from that - but I'd be willing to bet that you'd still have >a surplus even including the war budget.) > >>> Indeed, despite the best tax receipt windfall we have ever seen, Clinton >>> produced very paltry long-term results. >> >>And it was mere coincidence it was on his shift, and it is mere coincidence >>that Republican shifts don't seem to have such good times associated with >>them, right? > >In a word, yes. > >The 1990's represented an unprecedented economic phenomenon, and there >appears to have been a 50-50 chance of it occuring underneath a Republican >or Democratic President, or for that matter, a Republican or Democratic >Congress. > >Indeed, the period of growth began under the first Bush Administration, and >only accelrated following the election of a Republican Congress. The >period underneath the Democratic President and Congress was one of the >limpest periods of economic recovery following a recession ever. > >In fact, if we want to be serious about domestic economic policy, one would >probably analyze the 1984-2001 period as a single period of growth, >interrupted only by a recession caused by exogenous factors (ie a huge >spike in oil prices following Iraq's invasion of Kuwait.) > >So please, spare me the cocky assurance that the '90's must be owed solely >to Clinton's economic brilliance. After all, this isn't even a science, >right? > >JDG > > >_______________________________________________________ >John D. Giorgis - [EMAIL PROTECTED] > "The liberty we prize is not America's gift to the world, > it is God's gift to humanity." - George W. Bush 1/29/03 >_______________________________________________ >http://www.mccmedia.com/mailman/listinfo/brin-l > _______________________________________________________ John D. Giorgis - [EMAIL PROTECTED] "The liberty we prize is not America's gift to the world, it is God's gift to humanity." - George W. Bush 1/29/03 _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
