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Taxes and the deficit in perspective

Tax Hike In Perspective
Posted: January 3, 2013 at 8:50 am   /   by

This was done pre-deal, but it still sums up the scope of the problem. No tax increase can cover what we’re spending. All the rhetoric about the rich paying their fair share is nonsense. To cover what we’re spending now, you’d have to tax at 100%. Of course, at 100%, no one would work (why bother?) and the economy would be destroyed anyway.