"It strikes me that the recent growth in federal tax revenue is not widely nor sufficiently appreciated, probably due to the pessimism that pervades just about every long-term outlook these days.
The chart above, which plots the 6-mo. annualized growth in rolling 12-mo. federal revenues, shows that tax receipts are now rising at double-digit rates
Does it take into account that the dollar itself is worth less than a few years ago and therefore will take more dollars to get to pre-recession numbers?
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
CriticalBill wrote: Does it take into account that the dollar itself is worth less than a few years ago and therefore will take more dollars to get to pre-recession numbers?
No, I do not believe it is adjusted for inflation.
