On Jun 3, 2011, at 10:04 AM, Mugsy Lunsford wrote: > > On Jun 3, 2011, at 12:20 PM, Bruce Johnson wrote: >> >> Personal Income taxes are at their lowest levels since the 20's. > > It's rather eye-opening just how high they were, and just how far down > they've come... > > http://ntu.org/tax-basics/history-of-federal-individual-1.html
There's two sides to that coin. For one, it's a measure that fewer people have "skin in the game" and are quite happy to keep voting for candidates that provide them more and more government services that require more government workers with more powers. Folks often complain about jobs going overseas. When you place all the burden of supporting government on a miniscule portion of the population, they go elsewhere and take the jobs they create with them. That's leaves only the crony capitalists like GE that rely on government to make a profit and eliminate their competition. You've got to look at tax rates and tax revenue to make any meaningful comparison. There's no doubt that federal tax revenues have grown significantly over the years. What's more amazing is that federal spending has outpaced those increases in revenues. What's even more amazing is that some still think government isn't big enough or that it's not spending enough. -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
