Friday, October 24, 2014

Obama Tax Hikes Drive Federal Tax Revenue Above $3 Trillion for First Time Ever

http://dailysignal.com/2014/10/21/thanks-obamas-tax-hikes-tax-revenue-surpasses-3-trillion-first-time-ever/

Clearly, the government continues to spend too much. We should tax enough to fund the legitimate functions of government, like national defense, homeland security, public health and others, but no more.
The new record also shows us that, absent policy changes, the amount of revenue the government takes out of the private sector keeps getting bigger. Tax revenue grows as income grows, no matter what kind of tax system is in place. A progressive system like ours, with higher rates on higher levels of income, results in a bigger increase in revenue during economic expansions than a flat rate system would. Alternatively, when the economy enters a recession, a progressive system reduces revenue intake at a faster clip.

 Democrats - The Party of EBOLA, DEATH, LIARS, RINOs, TAXES, ACORNS, Corruption, Haters, progressives, liberals, weasels, gimmiedats, cowards, perverts, racists, atheists, drought, black Panthers, gang-bangers, homosexuals, prostitutes, drug addicts, illegal aliens, transsexuals, moochers, welfare moms, freeloaders, navigators, the rest of the dregs of society, and the lowest of all, corrupt politicians, all grouped together behind a fruity little narcissist.

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