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Wednesday, June 8, 2011

220 more tax facts that will make your head explode

http://www.businessinsider.com/20-more-tax-facts-that-will-make-your-head-explode-2010-4

Gus Lubin and Gregory White

If your head didn't explode from Reason's awesome tax video, then take a look at the new list.
Pundits talk a lot about the growing tax share of the rich, and the 47% of Americans who don't pay income tax. These arguments are somewhat unfair because they ignore the growing wealth disparity.
But they're just two of many ridiculous facts that emerge in the bureaucratic mess of taxing the world's biggest economy.
Most people are having a bad day. Thanks to inefficiency, everyone in America faces a rotten future.

There are 21 slides, and I just cannot post them all here.  Be sure to check out that link!!


From the comments:

Slide 6 is factually wrong:
54% of your federal income tax goes to the military

54% of the "Discretionary" Federal budget goes to the Military. The total Federal Budget, this is less than a Quarter, once you factor in Non-Discretionary spending, such as Social Security, Medicare, Medicaid.


http://www.nytimes.com/interactive/2010/02/01/us/budget.html

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