[reaganaut1]

Another Tax Foundation study found that the Obama Budget, Health Care Surtax Will Shrink Federal Income Tax Base .

[Diana in Wisconsin]

I’m speechless at the stultifying stupidity of all of this!

And I’m rarely speechless...

[Reeses]

the actual economic cost of our income tax system is at least $1.10 for every dollar the government collects

A very careful study showed that every 1% of GDP increase in taxes causes the total GDP to drop 3%. I think that's equivalent to every $1 the government collects does $3 in economic damage. It's amazing how leftists think the sky will fall if CO2 increases from 0.03% to .04% of the atmosphere yet think tax increases have little effect.

[CPOSharky]

"The notion that the total burden is nearly twice the revenue collected should give lawmakers some pause when considering these higher tax rates," said Tax Foundation Senior Fellow Robert Carroll, Ph.D., who authored the paper.

The libtard commie congress critters do not care how much tax revenue they collect, they just want to take as much money as possible away from the ones who earn it.

[socialismisinsidious]

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