News and politics for the city of Jacksonville (FL), Florida, and the United States. Though I am a Libertarian/Socialist, my hope is to be as objective as possible in delivering news that should be important to you. In addition, this website can be useful for researching important moments in history. From the dawn of civilization to the present day, this website provides a plethora of valuable links for your research needs.
Important Moments in History
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Thursday, April 28, 2011
60-year-low tax revenues contribute to deficit growth
Revenues plunged from their peak of $2.57 trillion in 2007 to reach $2.1 trillion, or 14.8 percent of economic output in 2009 — the lowest level since the 1950s — and taxes remain that low today, according to the Congressional Budget Office (CBO).
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