Record U.S. Federal Government Receipts: Q3 2005
Posted By John Schroy On 12th February 2006 @ 16:22 In Treasuries, Open Market, Government Officials | Comments Disabled
Under the Bush administration, current receipts of the U.S. federal government as of Q3 2005 reached US$2.1 trillion on an annual basis.
This was a new record, 17% higher than average annual receipts of the federal government during the last four years of the Clinton administration.
(See: Flow of Funds [1] Table F106).
As the graph shows, most of the burden for supporting the federal government falls upon individuals, in the form of personal taxes and contributions for government social insurance.
Corporations contribute less, playing instead a role as tax collectors for the bureaucracy.
The graph shows that even during the recession of 2002-2003, federal government receipts exceeded most years of the Clinton administration. The American media often fails to portray the ‘Bush tax cuts’ is this context.
 Federal Government Receipts
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[1] Table F106: http://capital-flow-analysis.info/flow-of-funds/F106.htm
[2] federal government: http://capital-flow-analysis.com/capital-flow-watch/index.php?tag=federal-government
[3] taxation: http://capital-flow-analysis.com/capital-flow-watch/index.php?tag=taxation
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