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not have had significant influence on policy during that first year. This has minor impact except in 2009, due to the large stimulus and bailout measures. In addition, the budget expenditure measure does not include supplemental appropriations such as earmarks and incremental spending for the wars in
Afghanistan and Iraq prior to FY2010.
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Note: The extent to which a
President can influence their initial fiscal year in office is debatable, as they arrive in January when the fiscal year started the previous October 1 and runs to September 30. For example, fiscal year 2001 is included in President G.W. Bush's data, although he may or may
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450:– You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
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Federal individual income tax dollars did not again reach their 2000 peak of $ 1.0 trillion until 2007, then dropped back below this level as the economy entered recession in 2008-2009.
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Since the Bush tax cuts in 2001 and 2003, federal individual income taxes have remained below the 8.4% GDP level (the average from 1970-2000) with the exception of 2007.
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1059:(BOT): Uploading old version of file from en.wikipedia; originally uploaded on 2008-10-15 04:20:14 by
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CBO data - Federal individual income tax revenue trends from 2000-2009 (dollars and % GDP)
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2009 federal individual income taxes of 6.4% of GDP were the lowest level since at least 1968.
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Permission is granted to copy, distribute and/or modify this document under the terms of the
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Tax and Spend % GDP in United States 1981-2012
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