The top 1% of income tax payers paid over 318 billion dollars.The bottom 50% paid less than 20 billion.
It is very often the case, when looking at economic data, that percentages are used rather than raw dollar figures. Percentages are used because raw …
Often times, you will hear politicians or commentators use the terms “out of control” or “runaway” to describe federal spending. The chart below clearly indicates that those terms are entirely appropriate. Indeed, they may be understating the matter. A more appropriate term might be “insane.”
Honestly, …