ven by Taxes) In-Line With GDP Growth 1965 — 2005 USA Real Federal Income Growth by Category vs. Real GDP Growth Revenue Growth ‘05 vs 40-yr 1965 Y/Y 2005Y/Y | 40-yr CAGR| Variance Comments Individual Income Taxes 11% 11% 3% 8% Individual & corporate income taxes are cyclical; 2005 Y/Y growth were sign