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| US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 Billion |
| 2006-09-19 |
| But....but....I thought 'tax cuts for the rich' would trash the economy and....and....raise the deficit....and stuff.... WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday. Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said. Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year. Treasury Undersecretary for Domestic Finance Randal Quarles said Friday's numbers provided a "continuing demonstration of the strength of the U.S. economy." "In fact, Friday's gross receipts were the largest in a single day in the nation's history - 20% higher than receipts on the same quarterly tax payment date last year," Quarles said in a statement. |
| Posted by:mcsegeek1 |
| #5 SOP sounds like something out of the pages of a hundred years ago with robber barons. Most corporations today are held by institutional funds = like pension funds, like union funds, like university endowment funds, like state and local government investment funds. Instead of JP Morgan calling up his Senators and telling them what to do or how to vote, today we have an industry of lobbyists who negotiate. That is at least some progress. |
| Posted by: Shavise Angeamp7988 2006-09-19 17:01 |
| #4 This indicates that corporations are doing very well. This does not equate with American society doing very well. If you consider these numbers, plus the unpaid taxes due, either thru manipulations of balnce sheets and/or the relocation of named headquarters offshore, you can grasp that the power is becoming highly concentrated here. No wonder there is plenty of cash to buy Congress, state Governors, state Legislatures, local Mayors, etc. Best goevernment money can buy. Somewhat explains why there is total disregard for national borders. |
| Posted by: SOP35/Rat 2006-09-19 12:07 |
| #3 Think of all that money that could have been used on in-effective government programs! --Democrats |
| Posted by: DarthVader 2006-09-19 11:22 |
| #2 As a tax payer I am not celebrating. |
| Posted by: BrerRabbit 2006-09-19 11:00 |
| #1 All Bushs' fault! |
| Posted by: Cyber Sarge 2006-09-19 10:56 |