dlo@drutx.UUCP (OlsonDL) (11/12/85)
[] In article <789@whuxl.UUCP> orb@whuxl.UUCP (SEVENER) writes: >>From Tom Hill, repeating well-established myths: >> Well Tim, the tax revenues have gone up since the tax breaks and that >> I believe was the thrust behind the bill. Less taxes for the wealthy >> means more investment and guess what? that is exactly what we have seen. >> Stop running off at the mouth simply because you can't stand T.C. >> >I have posted this before so I will simply summarize the *facts* as >presented in a New York Times article, Sept. 18,1984: > 1)Tax revenues have *not* gone up. Here are the facts: > 1981 1982 > $284.1 billion, $276.9 billion Uh, Tim. Revenues were *only* $200 and-some-odd billion? Double those figures, and you will have the approximate figure for 1980. For last year it was something like $750 billion. Point of fact: according to the _Information_Please_Almanac_ of 1985, federal receipts for 1981 was $663.9 billion and for 1982 was $690.4 billion. > tim sevener whuxn!orb My opinions are my own, and do not necessarily reflect those of my employer. David Olson ..!ihnp4!drutx!dlo