Comments on: Collapsing Tax Revenues http://dmarron.com/2009/08/05/collapsing-tax-revenues/ Musings on Economics, Finance, and Life Thu, 17 May 2012 17:30:23 +0000 hourly 1 http://wordpress.com/ By: Donald Marron http://dmarron.com/2009/08/05/collapsing-tax-revenues/#comment-592 Fri, 07 Aug 2009 17:12:14 +0000 http://dmarron.com/?p=1281#comment-592 CBO’s latest monthly budget report describes the decline in corporate tax revenues as the result of three factors:

* weakness in corporate profits,
* more-rapid depreciation (as allowed in recent legislation)
* the ability to use current-year losses to reduce tax liabilities from previous years.

Sort of a triple whammy for corporate tax receipts.

]]> By: Why is the Budget Deficit Exploding? http://dmarron.com/2009/08/05/collapsing-tax-revenues/#comment-589 Fri, 07 Aug 2009 16:25:57 +0000 http://dmarron.com/?p=1281#comment-589 [...] off a cliff. Revenues have fallen 17% this year, adding $353 billion to the deficit. As noted in a recent chart from Treasury, the decline has been particularly sharp for corporate incomes taxes (down 57%) and individual [...]

]]> By: Federal Deficit Up to $1.3 trillion « Donald Marron http://dmarron.com/2009/08/05/collapsing-tax-revenues/#comment-587 Fri, 07 Aug 2009 15:35:41 +0000 http://dmarron.com/?p=1281#comment-587 [...] off a cliff. Revenues have fallen 17% this year, adding $353 billion to the deficit. As noted in a recent chart from Treasury, the decline has been particularly sharp for corporate incomes taxes (down 57%) and individual [...]

]]> By: andrew leventis http://dmarron.com/2009/08/05/collapsing-tax-revenues/#comment-570 Thu, 06 Aug 2009 13:07:02 +0000 http://dmarron.com/?p=1281#comment-570 the corporate tax number looks incredibly anemic. what’s up with that?

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