----- Original Message ----- From: "John D. Giorgis" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Wednesday, February 05, 2003 9:51 PM Subject: Re: Plus the NY Times Re: The Washington Post Editorial on Iraq
> 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. That's because there was a capital gains tax cut in '97. It give folks a chance to cash in on their capital gains while paying minimal taxes. Now, the Cato numbers were probably from the late '90s, so I'll be happy to agree that the average for Clinton was probably close to $40 billion in revenue. That's a small fraction of the $300 billion deficit. If you want, John, I can do a Monte Carlo analysis on the probability that random variations could have caused the difference between the stock market performance under Republicans and Democrats. But, I'll leave you with some stirring words of JFK. "If you want to live like a Republican, vote Democratic." :-) Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
