<snip>
Corporate income taxes in fiscal 2003 accounted for 7.4% of all federal tax
receipts, down from a post-war peak of 32% in 1952. With one exception
(1983),
last year's percentage is the lowest recorded since data was first published
in 1934.

...pay nothing close to the stated federal tax rate of 35%...

In 1985, Berkshire paid $132 million in federal income taxes, and all
corporations paid $61 billion. The comparable amounts in 1995 were $286
million and
$157 billion respectively. And, as mentioned, we will pay about $3.3 billion
for 2003, a year when all corporations paid $132 billion. We hope our taxes
continue to rise in the future -- it will mean we are prospering but we also
hope
that the rest of Corporate America antes up along with us.
<snip>

Let's do the math:

 Is $132 million > $3.3 Billion ?
 Is $286 million > $3.3 Billion ?

Seems to me that lowering the tax rates for Corporate America caused their
businesses
to grow and generate more taxes!

Under the old tax scheme, tax revenues would have stagnated at the growth
rate
of 216% every 10 years.  Instead, under the Bush Administration tax plan,
tax revenues
grew by 1153%.

They may have paid a lower percentage rate in taxes, but they did pay much
more in real
dollars.

Tim

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