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."
No Saturday Snippet for two weeks
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I'm getting ready for a date in a hospital operating room next week. I'm
in a lot of pain, and not feeling desperately creative, either in reading
or...
19 hours ago
1 comment:
I started to comment, but it got too long. My thoughts are here.
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