and there are more people living in America (both coming of age and moving in)... making money... and paying more taxes? it just seems natural that tax revenues (and many other economic figures) would set records every couple of years.. if the economy was relatively stable...
poulation grows... more people to tax... more money made? at the very least it would be a contributing factor...
2007-01-24 10:56:44 · 3 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
You are 100% correct.
2007-01-24 11:01:13 · answer #1 · answered by Al Dave Ismail 7 · 4⤊ 0⤋
No one adjusts for inflation. Tax rates are set by law. You are correct in your assumption that the total dollars collected in taxes goes up as more people work and get paid more in wages and salaries.
2007-01-24 19:01:25 · answer #2 · answered by regerugged 7 · 1⤊ 0⤋
taxes always go up after a democrat takes office.. look back at the record.. under bill clintoon. we had the largest tax hike in the history of america and nobody cared... carter held the record befor clinton.. always count on tax hikes under a democrat in office
2007-01-24 19:01:29 · answer #3 · answered by road runner 4 · 0⤊ 1⤋