According to the Congressional Budget Office, Congress will spend $3.8 trillion this year, about 24 percent of our $15 trillion gross domestic product. But federal tax revenue will be much less, only $2.5 trillion,...
I must be slow: I can't get past the first four paragraphs... it's not at all clear to me, and usually Williams is very clear.
The Washington, D.C.-based Tax Foundation does a yeoman's job of keeping track of how much we're paying in taxes and who's paying what. It turns out that American taxpayers worked this year from Jan. 1 to April 17, 107 days, to earn enough money to pay their federal, state and local tax bills. That statistic requires some clarification, and I ask my readers to help me examine it.
- Study: Non-citizens are voting in federal elections — and probably tipped at least one Senate race to Democrats Allahpundit 2 hours ago
- HHS official to Congress: I’m totally in charge, but that doesn’t mean I can prioritize Ebola prep over puppet shows Mary Katharine Ham 3 hours ago
- All in: Democrats plan full-court press to defeat Walker Guy Benson 4 hours ago
- Oh, by the way: North Korea now knows how to build small nuclear warheads for delivery via ICBM Allahpundit 4 hours ago
- Video: The ultimate Debbie Wasserman Schultz clip Allahpundit 5 hours ago
- DHS auditor: It’s not your imagination, we aren’t prepared for a pandemic Noah Rothman 6 hours ago