Federal Income

Individual Income taxes (rounded)-------------Corporation Income Taxes

1962= $ 45,571,000
1963= $ 47,000,000
1964= $ 48,000,000
1965= $ 48,000,000
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2002= $ 858,278,000---------------------------$ 148,037,000
2003= $ 793,644,000---------------------------$ 131,877,000
2004= $ 808,903,000---------------------------$ 189,370,000
2005= $ 893,648,000---------------------------$ 226,526,000
2006= $ 966,819,000 (projected)-------------$ 220,258,000

What tax cut?---------------------------------Most Corporations pay no taxes.