Many of the cuts have been made possible, says the government, by larger-than-expected tax revenues.
When the financial crisis hit a couple of years ago, tax revenues suddenly plummeted.
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That and, lest we forget, its smart reliance on penny tax revenues to fund infrastructure.
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Federal personal income tax revenues grew at an annual rate of over 8% from 1921-1928.
During the four years after the Bush tax cuts, Federal income tax revenues increased by 45%.
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Corporate tax revenues have declined from 15% of total revenue to 10.7% since 1978.
Their scope is limited by the amount of tax revenues and donations from rich countries.
Sales and use tax is nearly a third (32%) of State government total tax revenues.
Economic growth produces, in addition to prosperous individuals, families and communities, robust tax revenues.
It should be obvious to all that overall tax revenues need to increase, not decrease.
Mr Mitra is trying to raise tax revenues, while seeking debt forgiveness from the central government.
Reduced output produces lower tax revenues, and the government continues to look for new tax sources.
In 1979, the gap between public spending and tax revenues in 1979 was 4.1% of GDP.
All this shows up slowly and gradually drags down an economy and its tax revenues.
Of course, the effect on the debt depends also on defense, tax revenues, and interest.
And bear in mind this is after a huge spending boom coupled with meager tax revenues.
If output went up, wages would rise, profits would increase, and tax revenues would be enhanced.
That would depress tax revenues and add to spending pressures, further adding to the debt.
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The senators want to balance the budget by limiting spending rather than raising tax revenues.
The top 1% of taxpayers is squeezed for 50% of the state's income tax revenues.
If they cut back spending they'll deepen the recession and come up short on tax revenues.
Since 2000, individual income and corporate tax revenues dropped five times, while payroll taxes fell twice.
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Tax revenues consumed an additional 2.5 percent of GDP, bringing the total up to 45 percent.
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However, these massive austerity cuts are lengthening Greece's economic recession and depressing tax revenues.
The next year, economic growth soared by 50%, and income tax revenues increased by 41%!
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Municipal bonds may have higher credit risks, especially because of lower state and local tax revenues.
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In fact, capital gains tax represents only 2 to 3% of total federal tax revenues.
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At best, they can only return a portion of what the government receives in tax revenues.
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Shrinking the balance sheet would reduce those supplements to tax revenues in the future.
Property tax, sales tax and personal income tax revenues continue their decline everywhere you look.
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