TREASURY: Corporate Tax Revenues Down As Federal Deficit Balloons 88% Higher Than Last Year

Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) , Add Tags  (less...)

View Ratings | Rate It

Become a Fan
  (9 fans)


With the housing crisis and volatile markets slowing the economy, the Treasury Department reported yesterday that 'corporate income-tax revenue over the first seven months of the fiscal year' was 14.7 percent 'lower than during the same period a year earlier' while 'the federal deficit ballooned to $152 billion, 88 [percent] higher than the same period last fiscal year.'

Read the rest of the story HERE:




The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 2 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
Revenue from all corporate income tax sources is r... by Jack Harrington on Tuesday, May 13, 2008 at 5:11:24 PM
You wrote:  See a bit of a skewing here? Or m... by Amanda Lang on Tuesday, May 13, 2008 at 5:27:45 PM