Browsing Archive: May, 2012
Posted by on Wednesday, May 16, 2012,
According to Michael Linden,
Director for Tax and Budget Policy, Federal spending is lower now than
it was when President Obama took office. Linden shared the following in a
recent column:
In January 2009, before President Obama had even
taken the oath of office, annual spending was set to total 24.9 percent
of gross domestic product. Total spending this year, fiscal year 2012,
is expected to top out at 23.4 percent of GDP.
Here’s another
interesting fact. Taxes today are lower than th... Continue reading ...
Posted by on Wednesday, May 9, 2012,
Gov. Jennifer M. Granholm, Former Governor of Michigan, calls Mitt Romney out on his taking credit for saving America's Auto Industry, and declares him unfit to be President of the United States. Continue reading ...
Posted by on Wednesday, May 2, 2012,
You may have heard the claim that about half of Americans pay no Federal Income Tax. That’s a true fact. Slightly less than 50% of all households paid no Federal Income Tax in 2012. The number one reason should come as no surprise. It’s because they have low incomes.I'd like to remind those who whine that, "46% of people don't pay Federal Income Taxes", that, in fact, that group pays exactly what a Millionaire pays on that same first share of their earned income. In other words, if you w... Continue reading ...
