Tuesday, April 17, 2012

The Latest Stupid Gimmick to Fund the Payroll Tax Cut

Link to article

1952 corporate tax as a % of GDP = 32.1%

2010 corporate tax as a % of GDP = 1.3%
(A 95% drop)

1952 Payroll taxes (Social security) as a % of total federal revenue = 9.7%

2010 Payroll taxes (Social security) as a % of total federal revenue = 40.0%
(A 400% increase in the burden on workers)

This is what we call...FASCISM.

No comments:

Post a Comment