This speaks volumes

[zimmy]

jim- you are only looking at personal income in your figures in the last example. That is what I am talking about when I say you are missing a huge piece of it. $283000 per person implies each person would be responsible for that amount. That is not the case. Exxon, GE (if they paid taxes) etc would contribute. When the economy is good, the revenues from business increase. The recession reduced those revenues dramatically. It is incorrect to state that each person in the US would be responsible to cover 283000 or your family at 1.4 million. Also, the economy imploded under Bush, you can't just say revenues increased before the economy imploded as evidence that the tax cuts raised revenues. The economy imploded! Maybe there is something to the Reagan post-tax cut recession and Bush II post tax-cut recession.