The people elect nothing but cowards. They are not arguing about the debt they are arguing about arguing about the debt.
According to new data from the IRS, people who make $1 million or more had an average tax rate of 20.4 percent in 2010. Tax filers who earned $30,000 to $50,000 paid an average rate of 4.8 percent, while those who made between $50,000 and $100,000 paid 7.7 percent. Those making under $30,000 had a negative effective rate, meaning they paid no federal income taxes after deductions and credits.
Does this not show that the rich already pay almost 3 times what the next level does? So when they rise the tax on the rich and it fails to produce they will just hit the next level say you for it for them now you have to step up.
Today we get to check in again on the economic and stock market forecast that I penned back on December 23rd, 2011.
Yeah. I know.
You all are used to my dazzling wit, political acumen, and my stylish turns of phrase. But really, I know quite a bit about finance too, even if I use my finance superpowers only on occasion and prefer to be the ringmaster here at Townhall Finance.
The slowdown that I predicted at that time has been a little less than my expectations. Right now GDP is coming in a little higher than I thought. But the...
To balance the budget entirely with spending cuts is probably not possible. We're not going to zero out social security benefits while still collecting the taxes. Nor drop medicare or military.
The Repubs have plenty of time to re-engineer their brand if they choose, but I think the party is going to have to be invaded by new, conservative/libertarian faces that are not immediately ignored by independent voters. As evidence I cite the talk of Jeb Bush running for president. Have we learned nothing?
Libertarianism is the only political stripe that can ally older, fiscal conservatives with the younger, social liberals we need, like it or not, to win elections.
I'll gladly cede religion, gay marriage, etc. if it gives me a say in preventing the country's slide into socialism. As Europe is showing, it is easy to slide into economic disaster, and very, very difficult to recover.
Noisy activity to his Right, show how far Left he was. Their partisans were all over TH, saying that we should not vote for Romney because he was "as bad as Obama". Why do you think we lost 3 million voters? Because the Pauls disheartened and de-energized our base! They should get "credit" for their efforts.