Those “bubble revenues” will not return.

这些“泡沫收入”将一去不复返。

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Those "bubble revenues" will not return.

这些“泡沫收入”将一去不复返。

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The collapse of the credit bubble will reduce tax revenues.

信贷泡沫破灭将减少财政收入。

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In the late 1990s, coincident with the Internet bubble, federal revenues from the progressive income tax, spurred by the enormous realization of capital gains and Wall Street bonuses, grew much faster than GDP, rising briefly above the long-run 18% average to more than 20% before the bubble burst and the stock market crashed in 2001.

FORBES: Do We Face A Government Default, Or De-End?

States like California are feeling the effects of a big drop in tax revenues (after the Internet bubble burst) and now face painful choices as a result.

MSN: Are deficits a bad thing?

In 2001, long after the bubble had burst, it was projecting tax revenues to remain at record levels well into the new millennium.

ECONOMIST: Where did all your money go?