|
How US Ran federal budget deficits/surpluses/deficit from 1990
to 2004
-
1990: $221.0
billion
-
1991: $269.4
billion
-
1992: $290.4
billion
-
1993: $255.1
billion
-
1994: $203.2
billion
-
1995: $164.0
billion
-
1996: $107.5
billion
-
1997: $21.9
billion
1997 Long-Term Capital Gains: reduced from
28% to 20%
lower incomes
effectively reduced to
10%
-
1998: $0 (balanced budget)
-
1999: $—125.6 billion (surplus)
-
2000: $—236.4 billion (surplus)
-
2001: $—128.2 billion (surplus)
-
2003 Long Term Capital Gains reduced from 20% to 15% (most) and 5%
(low income)
2003
$378
2004,
$413
First capital gains reduction
drained most potential gains from lower taxes. |