The upturn in 2005 was mostly related to significantly higher corporate taxes.
Would that be the one-off repatriotization of foreign earnings, (the 5% swindle on 34% owing)[a classic case of 'brought forward']?
I imagine some part of remainder is tied to capital gains off of RE transactions -the same source providing the increase in individual tax/GDP.
Neither of these sources strike me as enduring through 06.
I am amazed at how large the medical slice is. Is that because the Defence doesn't include Iraq, homeland security, Afganistan...?
Agree with every word in your conclusion.
calmo, I found one source that suggested about $20 Billion was due to repatriation. I am not confident of the source, but that is probably in the ballpark.
I'm amazed that corporate taxes were up almost 50% YoY (from $189 Billion in 2004 to $278 Billion in 2005). This year will probably be different ... and interesting.
Can't argue with those three guidelines. Thanks for the charts.
The upturn in 2005 was mostly related to significantly higher corporate taxes.
Would that be the one-off repatriotization of foreign earnings, (the 5% swindle on 34% owing)[a classic case of 'brought forward']?
I imagine some part of remainder is tied to capital gains off of RE transactions -the same source providing the increase in individual tax/GDP.
Neither of these sources strike me as enduring through 06.
I am amazed at how large the medical slice is. Is that because the Defence doesn't include Iraq, homeland security, Afganistan...?
Agree with every word in your conclusion.
calmo, I found one source that suggested about $20 Billion was due to repatriation. I am not confident of the source, but that is probably in the ballpark.
I'm amazed that corporate taxes were up almost 50% YoY (from $189 Billion in 2004 to $278 Billion in 2005). This year will probably be different ... and interesting.
Best Regards.