Who Pays the Taxes in the United States? And Why?

Today is Tax Day, and you’ve probably noted a few different narratives swirling around concerning taxes. One narrative is that the top earners in the US pay a disproportionate amount of taxes. This is known as a progressive tax rate. But other commentators have noted that the progressive tax rate applies for Federal income taxes […]

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Total US Debt Over $18 Trillion

The total US debt has just jumped over the $18 trillion mark for the first time ever. With all of the other major problems we are facing as a country, this one might be the crow bar that finally shatters the camel’s back: It also means that total US debt to nominal GDP as of […]

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