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Taxation & Estate Planning

: TaxProf Blog

Tax Revenues Fall 18%, Biggest Drop Since Depression

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From the Associated Press: Tax receipts are on pace to drop 18% this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion. Other figures in an Associated Press analysis underscore the recession's impact: Individual income tax receipts are down 22%...

Full post as published by TaxProf Blog on August 04, 2009 (boomark / email).

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