receipts/outlays
receipts/rates
                RECEIPTS BY SOURCE, OUTLAYS, AND GDP: 1940-2009
                           (in billions of dollars)

       Individ Corporate    Social   Excise             Total    Total
Year    Income    Income Insurance      Tax    Other Receipts  Outlays      GDP
---- --------- --------- --------- -------- -------- -------- -------- --------
1940      0.89      1.20      1.79     1.98     0.70     6.55     9.47     96.8
1941      1.31      2.12      1.94     2.55     0.78     8.71    13.65    114.1
1942      3.26      4.72      2.45     3.40     0.80    14.63    35.14    144.3
1943      6.51      9.56      3.04     4.10     0.80    24.00    78.56    180.3
1944     19.71     14.84      3.47     4.76     0.97    43.75    91.30    209.2
1945     18.37     15.99      3.45     6.27     1.08    45.16    92.71    221.4
1946     16.10     11.88      3.12     7.00     1.20    39.30    55.23    222.7
1947     17.94      8.62      3.42     7.21     1.33    38.51    34.50    233.2
1948     19.32      9.68      3.75     7.36     1.46    41.56    29.76    256.7
1949     15.55     11.19      3.78     7.50     1.39    39.42    38.84    271.3
1950     15.76     10.45      4.34     7.55     1.35    39.44    42.56    273.2
1951     21.62     14.10      5.67     8.65     1.58    51.62    45.51    320.3
1952     27.93     21.23      6.45     8.85     1.71    66.17    67.69    348.7
1953     29.82     21.24      6.82     9.88     1.86    69.61    76.10    372.6
1954     29.54     21.10      7.21     9.95     1.91    69.70    70.86    377.1
1955     28.75     17.86      7.86     9.13     1.85    65.45    68.44    395.9
1956     32.19     20.88      9.32     9.93     2.27    74.59    70.64    427.0
1957     35.62     21.17     10.00    10.53     2.67    79.99    76.58    450.9
1958     34.72     20.07     11.24    10.64     2.96    79.64    82.41    460.0
1959     36.72     17.31     11.72    10.58     2.92    79.25    92.10    490.2
1960     40.72     21.49     14.68    11.68     3.92    92.49    92.19    518.9
1961     41.34     20.95     16.44    11.86     3.80    94.39    97.72    529.9
1962     45.57     20.52     17.05    12.53     4.00    99.68   106.82    567.8
1963     47.59     21.58     19.80    13.19     4.40   106.56   111.32    599.2
1964     48.70     23.49     21.96    13.73     4.73   112.61   118.53    641.4
1965     48.79     25.46     22.24    14.57     5.75   116.82   118.23    687.5
1966     55.45     30.07     25.55    13.06     6.71   130.84   134.53    755.8
1967     61.53     33.97     32.62    13.72     6.99   148.82   157.46    810.2
1968     68.73     28.67     33.92    14.08     7.58   152.97   178.13    868.5
1969     87.25     36.68     39.02    15.22     8.72   186.88   183.64    948.3
1970     90.41     32.83     44.36    15.71     9.50   192.81   195.65   1012.9
1971     86.23     26.79     47.33    16.61    10.19   187.14   210.17   1080.3
1972     94.74     32.17     52.57    15.48    12.36   207.31   230.68   1176.9
1973    103.25     36.15     63.12    16.26    12.03   230.80   245.71   1311.0
1974    118.95     38.62     75.07    16.84    13.74   263.22   269.36   1438.9
1975    122.39     40.62     84.53    16.55    15.00   279.09   332.33   1560.8
1976    131.60     41.41     90.77    16.96    17.32   298.06   371.79   1738.8
1977    157.63     54.89    106.49    17.55    19.01   355.56   409.22   1974.4
1978    180.99     59.95    120.97    18.38    19.28   399.56   458.75   2218.3
1979    217.84     65.68    138.94    18.75    22.10   463.30   504.03   2502.4
1980    244.07     64.60    157.80    24.33    26.31   517.11   590.94   2725.4
1981    285.92     61.14    182.72    40.84    28.66   599.27   678.24   3058.6
1982    297.74     49.21    201.50    36.31    33.01   617.77   745.74   3225.5
1983    288.94     37.02    208.99    35.30    30.31   600.56   808.36   3442.7
1984    298.42     56.89    239.38    37.36    34.44   666.49   851.85   3846.7
1985    334.53     61.33    265.16    35.99    37.07   734.09   946.40   4148.9
1986    348.96     63.14    283.90    32.92    40.29   769.22   990.43   4406.7
1987    392.56     83.93    303.32    32.46    42.10   854.35  1004.08   4654.4
1988    401.18     94.51    334.34    35.23    44.05   909.30  1064.46   5011.9
1989    445.69    103.29    359.42    34.39    48.41   991.19  1143.65   5401.7
1990    466.88     93.51    380.05    35.35    56.19  1031.97  1253.17   5737.0
1991    467.83     98.09    396.02    42.40    50.71  1055.04  1324.37   5934.2
1992    475.96    100.27    413.69    45.57    55.79  1091.28  1381.66   6240.6
1993    509.68    117.52    428.30    48.06    50.84  1154.40  1409.49   6578.4
1994    543.06    140.39    461.48    55.23    58.49  1258.63  1461.88   6964.2
1995    590.24    157.00    484.47    57.48    62.63  1351.83  1515.80   7325.1
1996    656.42    171.82    509.41    54.01    61.39  1453.06  1560.54   7697.4
1997    737.47    182.29    539.37    56.92    63.24  1579.29  1601.25   8186.6
1998    828.59    188.68    571.83    57.67    75.03  1721.80  1652.59   8626.3
1999    879.48    184.68    611.83    70.41    81.05  1827.45  1701.89   9127.0
2000   1004.46    207.29    652.85    68.87    91.75  2025.22  1788.77   9708.4
2001    994.34    151.08    693.97    66.23    85.58  1991.19  1863.77  10040.7
2002    858.35    148.04    700.76    66.99    79.04  1853.17  2010.97  10373.4
2003    793.70    131.78    712.98    67.52    76.36  1782.34  2157.64  10828.3

2004*   765.40    168.74    732.39    70.78    60.79  1798.09  2318.83  11466.0
2005*   873.84    230.20    793.95    73.21    65.08  2036.27  2399.84  12042.4
2006*   956.45    250.01    834.00    75.78    89.42  2205.67  2473.30  12641.1
2007*  1049.29    251.04    878.69    77.89    93.90  2350.80  2592.07  13279.1
2008*  1133.35    252.11    918.80    80.00   101.05  2485.32  2724.28  13972.6
2009*  1209.87    255.68    960.15    82.23   108.47  2616.40  2853.47  14701.6

-------------------------------------------------------------------------------
                RECEIPTS BY SOURCE, OUTLAYS, AND GDP: 1940-2009
                    (in billions of constant 2000 dollars)

       Individ Corporate    Social   Excise             Total    Total            Outlay
Year    Income    Income Insurance      Tax    Other Receipts  Outlays      GDP Deflator
---- --------- --------- --------- -------- -------- -------- -------- -------- --------
1940     10.25     13.76     20.52    22.72     8.02    75.26   108.83  1112.64   0.0870
1941     14.16     22.89     20.91    27.50     8.42    93.88   147.12  1229.53   0.0928
1942     31.74     45.90     23.85    33.06     7.79   142.35   341.80  1403.70   0.1028
1943     57.98     85.18     27.13    36.51     7.13   213.91   700.13  1606.95   0.1122
1944    185.72    139.85     32.73    44.85     9.16   412.32   860.55  1971.72   0.1061
1945    176.48    153.58     33.15    60.18    10.40   433.80   890.61  2126.80   0.1041
1946    150.31    110.95     29.08    65.34    11.22   366.91   515.70  2079.37   0.1071
1947    154.35     74.14     29.45    62.06    11.45   331.45   296.87  2006.88   0.1162
1948    151.73     76.03     29.47    57.78    11.48   326.47   233.81  2016.50   0.1273
1949    124.82     89.82     30.35    60.21    11.14   316.33   311.68  2177.37   0.1246
1950    122.42     81.19     33.71    58.66    10.50   306.47   330.71  2122.77   0.1287
1951    169.01    110.25     44.36    67.62    12.34   403.57   355.86  2504.30   0.1279
1952    218.23    165.83     50.35    69.16    13.36   516.93   528.80  2724.22   0.1280
1953    217.95    155.25     49.85    72.20    13.57   508.83   556.29  2723.68   0.1368
1954    209.67    149.76     51.16    70.58    13.52   494.68   502.87  2676.37   0.1409
1955    197.57    122.76     54.03    62.76    12.71   449.84   470.41  2720.96   0.1455
1956    210.93    136.83     61.07    65.07    14.88   488.77   462.91  2798.17   0.1526
1957    222.49    132.21     62.44    65.80    16.69   499.63   478.31  2816.36   0.1601
1958    205.83    118.99     66.62    63.06    17.55   472.06   488.47  2726.73   0.1687
1959    210.30     99.14     67.14    60.58    16.73   453.89   527.48  2807.56   0.1746
1960    232.66    122.82     83.90    66.72    22.42   528.53   526.81  2965.14   0.1750
1961    230.30    116.74     91.58    66.07    21.15   525.84   544.42  2952.09   0.1795
1962    252.75    113.83     94.54    69.52    22.19   552.83   592.46  3149.20   0.1803
1963    254.07    115.21    105.73    70.44    23.47   568.93   594.32  3199.15   0.1873
1964    256.30    123.65    115.59    72.27    24.90   592.70   623.83  3375.79   0.1900
1965    253.07    132.06    115.36    75.57    29.84   605.90   613.22  3565.87   0.1928
1966    280.88    152.35    129.41    66.17    33.98   662.79   681.52  3828.77   0.1974
1967    303.68    167.68    161.00    67.71    34.49   734.56   777.22  3999.01   0.2026
1968    326.80    136.31    161.31    66.95    36.04   727.40   847.05  4129.81   0.2103
1969    391.25    164.48    174.96    68.26    39.09   838.04   823.50  4252.47   0.2230
1970    382.62    138.93    187.74    66.46    40.20   815.94   827.97  4286.50   0.2363
1971    342.32    106.33    187.87    65.95    40.43   742.91   834.35  4288.61   0.2519
1972    352.18    119.58    195.44    57.54    45.93   770.67   857.55  4375.09   0.2690
1973    364.44    127.61    222.79    57.39    42.45   814.68   867.30  4627.60   0.2833
1974    387.47    125.80    244.53    54.87    44.75   857.41   877.39  4686.97   0.3070
1975    361.66    120.04    249.80    48.91    44.32   824.73   982.07  4612.29   0.3384
1976    361.55    113.76    249.37    46.60    47.57   818.85  1021.41  4776.92   0.3640
1977    400.68    139.53    270.68    44.61    48.32   903.81  1040.21  5018.81   0.3934
1978    431.44    142.91    288.36    43.80    45.95   952.47  1093.55  5287.96   0.4195
1979    478.56    144.28    305.23    41.18    48.55  1017.80  1107.27  5497.36   0.4552
1980    485.32    128.45    313.79    48.38    52.32  1028.26  1175.07  5419.37   0.5029
1981    514.05    109.92    328.51    73.43    51.53  1077.44  1219.42  5499.10   0.5562
1982    499.74     82.59    338.20    60.94    55.40  1036.87  1251.67  5413.73   0.5958
1983    462.67     59.28    334.66    56.53    48.53   961.67  1294.42  5512.73   0.6245
1984    455.25     86.79    365.18    57.00    52.54  1016.76  1299.55  5868.34   0.6555
1985    493.34     90.45    391.04    53.08    54.67  1082.57  1395.66  6118.42   0.6781
1986    502.32     90.89    408.67    47.39    58.00  1107.26  1425.69  6343.31   0.6947
1987    549.57    117.49    424.64    45.44    58.93  1196.07  1405.69  6516.03   0.7143
1988    545.16    128.43    454.32    47.87    59.86  1235.63  1446.47  6810.57   0.7359
1989    584.05    135.36    470.99    45.06    63.43  1298.90  1498.68  7078.63   0.7631
1990    592.34    118.63    482.17    44.84    71.28  1309.27  1589.91  7278.61   0.7882
1991    568.72    119.24    481.42    51.55    61.65  1282.57  1609.98  7213.96   0.8226
1992    559.43    117.85    486.24    53.56    65.57  1282.65  1623.95  7334.98   0.8508
1993    584.16    134.69    490.89    55.08    58.27  1323.10  1615.46  7539.71   0.8725
1994    610.04    157.70    518.39    62.04    65.70  1413.87  1642.19  7823.19   0.8902
1995    647.20    172.15    531.22    63.03    68.67  1482.27  1662.06  8031.91   0.9120
1996    703.71    184.20    546.11    57.91    65.82  1557.74  1672.96  8251.93   0.9328
1997    775.63    191.73    567.28    59.87    66.51  1661.01  1684.11  8610.22   0.9508
1998    862.84    196.48    595.47    60.06    78.13  1792.98  1720.90  8982.92   0.9603
1999    902.22    189.45    627.65    72.23    83.14  1874.70  1745.89  9362.95   0.9748
2000   1004.46    207.29    652.85    68.87    91.75  2025.22  1788.77  9708.40   1.0000
2001    971.60    147.62    678.10    64.72    83.62  1945.67  1821.15  9811.12   1.0234
2002    824.70    142.24    673.29    64.36    75.94  1780.53  1932.14  9966.76   1.0408
2003    747.08    124.04    671.10    63.56    71.88  1677.66  2030.91 10192.30   1.0624

2004*   707.39    155.95    676.89    65.41    56.18  1661.82  2143.10 10597.04   1.0820
2005*   793.75    209.10    721.18    66.50    59.12  1849.64  2179.89 10938.69   1.1009
2006*   846.72    221.33    738.32    67.09    79.16  1952.61  2189.53 11190.78   1.1296
2007*   910.68    217.88    762.62    67.60    81.49  2040.27  2249.67 11525.00   1.1522
2008*   963.41    214.31    781.02    68.01    85.90  2112.64  2315.78 11877.42   1.1764
2009*  1006.13    212.62    798.46    68.38    90.20  2175.80  2372.95 12225.86   1.2025

------------------------------------------------------------------------------- --------
          RECEIPTS BY SOURCE, OUTLAYS, GDP, AND SELECTED TAX RATES: 1940-2009
                                   (percent of GDP^)
                                                                                     Top
       Individ Corporate    Social   Excise             Total    Total     GDP^ Marginal     FICA
Year    Income    Income Insurance    Taxes    Other Receipts  Outlays   ($bil)    Rate^    Rate^
---- --------- --------- --------- -------- -------- -------- -------- -------- -------- --------
1940      0.92      1.24      1.84     2.04     0.72     6.76     9.78     96.8    81.10     1.00
1941      1.15      1.86      1.70     2.24     0.68     7.64    11.97    114.1    81.00     1.00
1942      2.26      3.27      1.70     2.36     0.56    10.14    24.35    144.3    88.00     1.00
1943      3.61      5.30      1.69     2.27     0.44    13.31    43.57    180.3    88.00     1.00
1944      9.42      7.09      1.66     2.27     0.46    20.91    43.64    209.2    94.00     1.00
1945      8.30      7.22      1.56     2.83     0.49    20.40    41.88    221.4    94.00     1.00
1946      7.23      5.34      1.40     3.14     0.54    17.65    24.80    222.7    86.45     1.00
1947      7.69      3.69      1.47     3.09     0.57    16.52    14.79    233.2    86.45     1.00
1948      7.52      3.77      1.46     2.87     0.57    16.19    11.59    256.7    82.13     1.00
1949      5.73      4.13      1.39     2.77     0.51    14.53    14.31    271.3    82.13     1.00
1950      5.77      3.82      1.59     2.76     0.49    14.44    15.58    273.2    84.36     1.50
1951      6.75      4.40      1.77     2.70     0.49    16.11    14.21    320.3    91.00     1.50
1952      8.01      6.09      1.85     2.54     0.49    18.98    19.41    348.7    92.00     1.50
1953      8.00      5.70      1.83     2.65     0.50    18.68    20.42    372.6    92.00     1.50
1954      7.83      5.60      1.91     2.64     0.51    18.48    18.79    377.1    91.00     2.00
1955      7.26      4.51      1.99     2.31     0.47    16.53    17.29    395.9    91.00     2.00
1956      7.54      4.89      2.18     2.33     0.53    17.47    16.54    427.0    91.00     2.00
1957      7.90      4.69      2.22     2.34     0.59    17.74    16.98    450.9    91.00     2.25
1958      7.55      4.36      2.44     2.31     0.64    17.31    17.91    460.0    91.00     2.25
1959      7.49      3.53      2.39     2.16     0.60    16.17    18.79    490.2    91.00     2.50
1960      7.85      4.14      2.83     2.25     0.76    17.82    17.77    518.9    91.00     3.00
1961      7.80      3.95      3.10     2.24     0.72    17.81    18.44    529.9    91.00     3.00
1962      8.03      3.61      3.00     2.21     0.70    17.55    18.81    567.8    91.00    3.125
1963      7.94      3.60      3.31     2.20     0.73    17.78    18.58    599.2    91.00    3.625
1964      7.59      3.66      3.42     2.14     0.74    17.56    18.48    641.4    77.00    3.625
1965      7.10      3.70      3.24     2.12     0.84    16.99    17.20    687.5    70.00    3.625
1966      7.34      3.98      3.38     1.73     0.89    17.31    17.80    755.8    70.00     4.20
1967      7.59      4.19      4.03     1.69     0.86    18.37    19.44    810.2    70.00     4.40
1968      7.91      3.30      3.91     1.62     0.87    17.61    20.51    868.5    75.25     4.40
1969      9.20      3.87      4.11     1.61     0.92    19.71    19.37    948.3    77.00     4.80
1970      8.93      3.24      4.38     1.55     0.94    19.04    19.32   1012.9    71.75     4.80
1971      7.98      2.48      4.38     1.54     0.94    17.32    19.45   1080.3    70.00     5.20
1972      8.05      2.73      4.47     1.32     1.05    17.61    19.60   1176.9    70.00     5.20
1973      7.88      2.76      4.81     1.24     0.92    17.60    18.74   1311.0    70.00     5.85
1974      8.27      2.68      5.22     1.17     0.95    18.29    18.72   1438.9    70.00     5.85
1975      7.84      2.60      5.42     1.06     0.96    17.88    21.29   1560.8    70.00     5.85
1976      7.57      2.38      5.22     0.98     1.00    17.14    21.38   1738.8    70.00     5.85
1977      7.98      2.78      5.39     0.89     0.96    18.01    20.73   1974.4    70.00     5.85
1978      8.16      2.70      5.45     0.83     0.87    18.01    20.68   2218.3    70.00     6.05
1979      8.71      2.62      5.55     0.75     0.88    18.51    20.14   2502.4    70.00     6.13
1980      8.96      2.37      5.79     0.89     0.97    18.97    21.68   2725.4    70.00     6.13
1981      9.35      2.00      5.97     1.34     0.94    19.59    22.17   3058.6   69.125     6.65
1982      9.23      1.53      6.25     1.13     1.02    19.15    23.12   3225.5    50.00     6.70
1983      8.39      1.08      6.07     1.03     0.88    17.44    23.48   3442.7    50.00     6.70
1984      7.76      1.48      6.22     0.97     0.90    17.33    22.15   3846.7    50.00     6.70
1985      8.06      1.48      6.39     0.87     0.89    17.69    22.81   4148.9    50.00     7.05
1986      7.92      1.43      6.44     0.75     0.91    17.46    22.48   4406.7    50.00     7.15
1987      8.43      1.80      6.52     0.70     0.90    18.36    21.57   4654.4    38.50     7.15
1988      8.00      1.89      6.67     0.70     0.88    18.14    21.24   5011.9    28.00     7.51
1989      8.25      1.91      6.65     0.64     0.90    18.35    21.17   5401.7    28.00     7.51
1990      8.14      1.63      6.62     0.62     0.98    17.99    21.84   5737.0    28.00     7.65
1991      7.88      1.65      6.67     0.71     0.85    17.78    22.32   5934.2    31.00     7.65
1992      7.63      1.61      6.63     0.73     0.89    17.49    22.14   6240.6    31.00     7.65
1993      7.75      1.79      6.51     0.73     0.77    17.55    21.43   6578.4    39.60     7.65
1994      7.80      2.02      6.63     0.79     0.84    18.07    20.99   6964.2    39.60     7.65
1995      8.06      2.14      6.61     0.78     0.85    18.45    20.69   7325.1    39.60     7.65
1996      8.53      2.23      6.62     0.70     0.80    18.88    20.27   7697.4    39.60     7.65
1997      9.01      2.23      6.59     0.70     0.77    19.29    19.56   8186.6    39.60     7.65
1998      9.61      2.19      6.63     0.67     0.87    19.96    19.16   8626.3    39.60     7.65
1999      9.64      2.02      6.70     0.77     0.89    20.02    18.65   9127.0    39.60     7.65
2000     10.35      2.14      6.72     0.71     0.95    20.86    18.43   9708.4    39.60     7.65
2001      9.90      1.50      6.91     0.66     0.85    19.83    18.56  10040.7    39.10     7.65
2002      8.27      1.43      6.76     0.65     0.76    17.86    19.39  10373.4    38.60     7.65
2003      7.33      1.22      6.58     0.62     0.71    16.46    19.93  10828.3    35.00     7.65

2004*     6.68      1.47      6.39     0.62     0.53    15.68    20.22  11466.0    35.00     7.65
2005*     7.26      1.91      6.59     0.61     0.54    16.91    19.93  12042.4    35.00     7.65
2006*     7.57      1.98      6.60     0.60     0.71    17.45    19.57  12641.1    35.00     7.65
2007*     7.90      1.89      6.62     0.59     0.71    17.70    19.52  13279.1    35.00     7.65
2008*     8.11      1.80      6.58     0.57     0.72    17.79    19.50  13972.6    35.00     7.65
2009*     8.23      1.74      6.53     0.56     0.74    17.80    19.41  14701.6    35.00     7.65

-------------------------------------------------------------------------------------------------
* estimated
^ GDP is in billions of dollars, tax rates are in actual percent
Source: Budget of the United States Government, FY 2005, Historical Tables,
        tables 1.1, 2.1, and 10.1; Top Marginal Rates - IRS Data Release,
        Personal Exemptions and Individual Income Tax Rates, 1913-2002
        (online at http://www.irs.gov/pub/irs-soi/02inpetr.pdf);
        FICA Rates - 1994 Mercer Guide to Social Security & Medicare
Note: FICA Rates shown are paid by both the employer and employee

================================================================================

Among the points that the above tables illustrate are the following:

1) The rapidly increasing deficit appears to be chiefly due to a steep drop
   in receipts.  From 2000 to 2004, receipts will have dropped from 20.9% of
   GDP to 15.7% of GDP, their lowest level since 1950.  Meanwhile, outlays
   will have risen from 18.4% of GDP to 20.2% of GDP.  The projected drop
   in receipts of 5.2% of GDP is nearly three times the projected rise in
   outlays of 1.8% of GDP.

2) The largest drop in receipts has been to individual income taxes.  From
   2000 to 2004, they will have dropped from 10.35% of GDP to 6.68% of GDP,
   their lowest level since 1950.  This projected drop of 3.67% of GDP will
   be about 70% of the total projected drop in receipts.

3) The second largest drop in receipts has been to corporate income taxes.
   From 2000 to 2004, they will have dropped from 2.14% of GDP to 1.47% of
   GDP.  This projected drop of 0.67% of GDP will be about 13% of the total
   projected drop in receipts.

4) Since 1952, total receipts have remained fairly stable, ranging between
   16 and 20 percent of GDP in all but two years.  Individual income tax
   receipts have likewise remained fairly stable, ranging between 7 and 10
   percent of GDP in all but one year.  From 1952 to 1990, however,
   corporate income tax receipts dropped 4.46% of GDP (from 6.09 to 1.63)
   and excise tax receipts dropped 1.92% of GDP (from 2.54 to 0.62).  This
   drop in receipts was largely offset by social insurance tax receipts
   which rose 4.77% of GDP (from 1.85 to 6.62).

   It should be noted that the great majority of social insurance tax
   receipts come from the FICA tax, half of which is paid by the employer.
   Hence, the share of all taxes that is paid by corporations has arguably
   not dropped as much as the corporate income tax receipts shown above
   might suggest.

Growth Values derived from Actual Values (from the 2003 Budget)

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