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Monday, May 3, 2010

Give this some serious thought

The national debt in Greece today equals 125% of its Gross National Product. All projections point to the fact that is where the U.S. will be in only five years. So consider these two facts.

1)10% of all Americans receive 90% all of the income in the U.S., but they do not pay anywhere near 90% of all the income taxes.

2)The Congressional Budget Office reports that between 2002 and 2008, 67% of all U.S. companies paid NO income taxes whatsoever.

So think about it. Do we need to overall the income tax laws or not?

P.S. I love all the idiot congress people screaming about whether the corporate profits tax should be 35%, or 30%, or 25%. 35% X $0 is still zero.

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