We need to be taxing at about 19 or 20 percent of GDP and spending at about 17 percent. Instead, we are spending at 24 percent GDP and taxing at about 19 percent.
We’ve been betrayed and bankrupted by our gov.
“We need to be taxing at about 19 or 20 percent of GDP and spending at about 17 percent. Instead, we are spending at 24 percent GDP and taxing at about 19 percent.”
And with the lower 47% of our fellow Americans paying nothing, I wonder what tax rate is needed to achieve equilibrium? ... 85% ... 115%