Alan C. Posted March 4, 2013 Share Posted March 4, 2013 CBO: Federal Revenue to Set Record in 2013 ...federal revenue will top $2.7 trillion in 2013, slightly higher than the $2.6 trillion the government collected in 2007, when the last recession officially began. Government revenues had fallen by nearly $500 billion during the recession to $2.1 trillion in 2009, contributing to the $1.5 trillion deficit that year. However, federal revenues have been recovering since the recession ended in June 2009, and the CBO now projects that they will slightly eclipse their pre-recession peak. In fact, the $2.7 trillion in revenue will be the most money the federal government has collected in history. According to historical tables compiled by the White House Office of Management and Budget, the government has never collected more than the $2.6 trillion it collected in 2007, meaning that if CBO’s projection is correct, it will set a new record for revenue collection in 2013. See, you can get blood from a stone! Link to comment Share on other sites More sharing options...
LibertyDefender Posted May 11, 2013 Share Posted May 11, 2013 Obviously the marginally stabilized economy plays a factor in the catchup game to the 2007 figures, but I am genuinely curious to know what percentage of the gap-closing from the previous year was due to increases in capital gains. There is so much talk and (as far as I know) not a lot of figures out there about people selling off assets to avoid the increased taxes in 2013, particularly the excise taxes on stocks to fund the new healthcare regulations and ostensibly keep Medicare/Medicaid solvent. Link to comment Share on other sites More sharing options...
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