Key takeaways: It's all about about the spending, or "demand-side economics." The 112th Congress should have one priority and only one priority-- that is to reduce spending before they turn the US into a banana republic. There will never be enough tax revenue to support Congress' appetite for spending. Increasing tax revenue only fuels the spending fire.
Good charts, Biz. At some point, she's gonna blow! I wonder what the distribution is in that top 10 percent of taxpayers. My guess is that the top 1 percent don't pay much in taxes, not when top-notch accountants and lawyers can be hired to dream up trusts and other tax shelters.ReplyDelete