2 votes

Coming soon, 57% Taxes!

http://shadesofthomaspaine.wordpress.com/2012/12/14/heres-ho...

Thought it was remarkable how high taxes would really have to be to balance our current budget. Calculations are pretty conservative, and show how we'd need an average 57% effective tax rate (not marginal!) to achieve a balanced budget with current spending (never mind those unfunded pensions and liabilities).

The article basically proves that its totally impossible to pay for what we're getting right now WITHOUT huge deficits.



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

just print more money

problem solved.

or get everyone behind the trillion dollar coin ideas

if you believe you can achieve

America is hurting right now badly

http://shelfsufficient.com - My site on getting my little family prepped for whatever might come our way.

http://growing-elite-marijuana.com - My site on growing marijuana

But I get all the printed money first,

Ok? :)

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417