Thursday, May 05, 2005

Taxes

It's good news-bad news-good news. The first good news is that the budget deficit has started shrinking much faster than anyone predicted. The bad news is the reason for smaller budget deficits is that tax receipts, the amount of money the government takes from you, were much higher than expected. The second bit of good news is that the reason for higher tax receipts is a very robust economy.

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