Bubble taxes

The following material corrects my impression that the cost of running the US government is presently attributable in large part to receipts from the sale of US treasuries. Although Treasuries obviously contribute somewhat to that burden, unexpectly I have discovered here that taxes attributable to the bubles take up most of the burden. So what happens in the soon to arrive recession? or depression? No wonder the government has been able to keep interest rates so low. Its because its demand/need for money from bond sales is relatively low. When this need increases its going to have to pay much more interest to attract money. Ka-Chung!!

http://wallstreetexaminer.com/blogs/winter/?p=724#more-724

"Let’s look at the mix, focusing on employment taxes withheld, taxes not withheld, and corporate taxes. I’m using the fiscal year to date (last Thursday in April) for all years to compare apples to apples.
2003: employment taxes: 815.9; not withheld: 169.4 (15.55% of total); corporations: 104.5 (9.6%)
2007: employment taxes: 1.017.4; not withheld: 283.6 (18.7%); corporation: 215.2 (14.2%)
As you can see overall tax reciepts have exploded 39.1% in just four years, but that corporate and not withheld today accounts for 32.9% of the mix, versus 25.5% in 2003. Let’s look at 2003 and 2006 to get the full effect in dollars for a whole fiscal year.
2003: employment taxes: 1.390.2 not withheld: 284.5 corporation: 187.7 = 1.862.42006: employment taxes: 1.617.5 not withheld: 417.6 corporation: 368.0 = 2.403.1
That’s a whopping $541 billion growth in tax receipts ($313 from not withheld and corporations) from these sources. That’s more than enough for the government to run a war machine, Katrina and ethanol scams, pad the pockets of corporate cronies, and run highly stimulative, irresponsible fiscal policies all nicely financed in large measure through price insensitive vendor lending from our “friends” in China. Little wonder that Hilary Clinton is setting this up as a central theme of her campaign. After all she may also inherit the Depression that results from this fiasco, and would be wise to set the stage".