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Page 5

Figure 2

GDP per Capita Growth (% per year)

0.03

0.025

0.02

0.015

0.01

1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996

Table 1

Income Taxes Then and Now

_________________________________________________________________________________

Percentage Increase

1914

1994

per Year

__________________________________________________________________________________

Income taxes paid (billions)

$6.7

$683.4

6.0%

Income taxes as a percentage of GDP

1%

10%

-

Per capita income taxes

$69

$2,622

4.7%

Individual tax filers (000s)

360

113,829 7.5%

Percentage of population filing return

0.5%

45%

-

Internal Revenue Service

budget (millions)

$110

$7,100

5.3%

IRS employees

4,000

110,000 4.2%

Pages of federal tax law

14

9,400

8.5%

Pages of IRS forms

4

4,000

9.0%

Top income tax rate

7%

40%

-

Income tax rate on median family

0%

28%

-

__________________________________________________________________________________

Source: Cato Institute.

Note: All dollar figures are in 1994 dollars.