Friday, March 22, 2013

FactCheck.org : ‘Record Revenues’


FactCheck.org : ‘Record Revenues’: "But it’s misleading to talk about revenues in nominal dollars. Economists prefer to view historic revenues as percentages of GDP. In fiscal 2013, federal tax revenues are projected to equal 16.9 percent of the nation’s economy, which is below the post-World War II average of 17.7 percent.

For more on Republican revenue claims, please see our Feb. 28 piece, “Boehner’s Revenue Reach.“"

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