Thursday, March 11, 2010

Federal Tax “Revenues”...

I bridle every time I see that term: “tax revenues” – implying that the government somehow earned the money they're stealing from me!

The graph at right shows what's happened with tax withholding over the past ten years.  It's no surprise that during the recession the tax withholdings go down, but the amount of the downturn may be.  Coupled with record expenditures, this can only mean one thing: massive new federal debt.

Makes me glad I don't have any children; I don't have to worry about my progeny inheriting a planet-sized debt load...

No comments:

Post a Comment