Tag Archives: taxes

America’s Federal Deficit: $52,700,000,000,000

With the current financial crisis many people blame Wall Street and the “greed” factor for the fact that the economy seems to be hitting the wall. However, that’s only part of the picture. America has been living on the financial edge for quite some time. The federal government has accumulated $52,700,000,000,000 Dollars of dept and [...]

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The Rich Are Getting Richer …

Well, in technical terms, one could say the average tax rate of the richest 1% of the country has fallen and not kept up with their share of income. The WSJ reported a few days ago that according to the latest IRS data “the richest 1% of Americans in 2006 garnered the highest share of [...]

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