Understanding Taxes and the Economy

Understanding Taxes and The Economy To understand the impact of taxes on the economy you first need to understand how the economy works. The vertical axis represents prices from high to low. The horizontal axis represents quantity or jobs from low to high. The demand curve, depicts the trade-off of goods. High priced goods in a normal econom...
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Federal Budgeting, Deficits and Debt

How to Eat an Elephant How does one eat an elephant?  The answer, of course…is…one bite at a time.  It is such a simple and obvious answer.  If you have something massive, break it down into small Budgetparts.  This is not really wisdom or insightful.  It is not particularly astute.  In fact, the concept to break down a large project i...
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Income vs. Consumption Taxation

IRSThe Sledge Hammer or the Scalpel Since 1913 Americans have had a love-hate relationship with the income tax.  As federal spending has grown from 2.5% of GDP in 1913, to 10% of GDP during the New Deal era, to 19% (average spending) of GDP during post WWII era and finally to 23% (average spending) of GDP during the age of Obama, the Income...
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The Problem with Mitt

Romney speach If Mitt’s negatives are not stagnating his support, perhaps his positives are too weak?  Mitt was a governor in a state that required him to work across the aisle.  He was a very successful turnaround expert that despite Speaker Gingrich’s twisted assaults did create thousands of jobs.  He has managed large...
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