Tax revenue up 26% last 2 years

Discussion in 'Economics' started by oldtime, Nov 23, 2012.

  1. I was watching Lou Dobbs on FBN, and they had an economist from a rightwing think tank make a mind boggling claim that tax revenue was up 26% over the last two years (if I heard him correct.)

    Is this true?

    I wouldn't even know where to go to verify it.
     
  2. Below link is to growth in Federal receipts:

    http://research.stlouisfed.org/fred2/graph/?id=FYFR

    If you scroll down and make the Units percent change from a year ago, you'll see that Fed receipts are up around 5%.
    So I don't know what this guy might have been referring to. Maybe if you throw in an average of all state and local taxes? Nothing easily available online for that, that I can find.