Tax Tea Party Time, Part Two

Forbes by Bruce Bartlett | Apr. 16, 2009 (Opinion)

many protesters implicitly assume that that the deficit has increased solely as a result of Barack Obama's policies. But in fact, the Congressional Budget Office was projecting a deficit of more than $1 trillion this year back in January, before any of Obama's policies had been enacted, and a cumulative deficit of $4.3 trillion through 2019. (CBO made no assumptions about what his policies might be in making its projection.) Full Story »

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1.4
 by Chris J. Breisch - Apr. 17, 2009

The problem with this article is the same as most articles about taxation. It looks at ONE of the hundreds of ways that Americans are taxed and concludes we're not overtaxed. What about unemployment taxes, property taxes, vehicle excise taxes, sales taxes, etc.? My personal income tax burden is about 16%. But when I include all these other taxes, it zooms well past 30%. Without the rest of this data, the article is meaningless.

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