Econ Comments
RCM | To Fix the Corporate Tax, Tax Gross Receipts
A change in direction in this area could potentially free up a lot of capital, all the while reducing a great deal of waste.
Investors | Budget Balance Shouldn't Mean A Hike In Taxes
Estimated federal tax revenue for 2011 is $2.2 trillion and federal spending is $3.8 trillion, leaving us with a $1.6 trillion deficit.
WSJ | As Budget Battle Rages On, a Quiet Cancer Grows
This year the U.S. will spend more than $200 billion—roughly the gross domestic product of Chile—merely paying off that interest [on national debt].
