peter costello, page-16

  1. 24,533 Posts.
    lightbulb Created with Sketch. 1

    diligent, I said $800 billion extra government receipts, I did not say $800 billion debt.

    Receipts around 22% of GDP prior to Costello.
    Receipts increased to around 25% of GDP with Costello.
    A 3% of GDP increase in receipts, (not a decrease as you claimed).

    You cannot claim taxes were less, when almost a Trillion dollars extra taken in receipts.

    Hence the increase in government receipts from around $124 Billion to around $295 billion in just over 11 years.

    This equals an increase of revenue of around $950+ Billion for Costello.



 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.