Via Tax Prof, we learn of a Tax Foundation study of the tax increases that would be needed to close the deficit:
Of course, these are just personal income tax rates; they don't include Social Security taxes, or state and local taxes.
I am reminded of President Reagan's cheeky quote on the Democrats' taxing philosophy: "There are some in government who have a very simple tax proposal in mind. There will be only two lines on the tax form: How much did you make last year? Send it."
Whatever works...
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Wisdom from Stephan Pastis and his 'Pearls Before Swine' cartoon. Click
the image to be taken to a larger version at the comic's Web page.
Peter
4 hours ago
1 comment:
I started to comment, but it got too long. My thoughts are here.
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