Friday, August 31, 2007

Taxing

"The Treasury Department reported Friday that federal revenues reached $2.12 trillion ($2,120,000,000,0000) for the first ten months of fiscal year 2007. In both current and inflation-adjusted dollars, that puts the federal government on course for the most revenue it's ever collected in a year. Indeed, it's the most revenue any government in the history of the world has ever collected."

http://www.cato-at-liberty.org/2007/08/12/bush-the-biggest-taxer-in-world-history/

There are a lot of reasons for variations in the amount of income tax collected by the federal government; this administration's shift of the tax burden from the upper class to the middle class, IRS enforcement strategies, and shifts in the economy, for example.

But a very interesting thing is that, in direct contradiction to what American voters think and believe about the George W. Bush, and the Republican party which has ruled all on it's own until recently, this administration will go down in history as the biggest taxer and the biggest spender ever (even in inflation adjusted dollars), by a very wide margin.

Why did people vote for George W. Bush? Oh ya, people are stupid.

No comments:

ShareThis