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Here it is in simple terms....
Tax Revenue 2,100,000,000,000
Government Spending 3,800,000,000,000
Deficit 1,700,000,000,000
Debt 16,000,000,000,000
Now lets assume this is a household income by dropping some zeros (8 zeros)
Family income 21,000
Your Family spending habits 38,000
Your shortfall 17,000
Your...more
The IRS now mandates that all preparers be registered and subject to continuing education (except for attorneys and CPAs, who have their own continuing-ed requirements).
This statement alone should tell you that the Tax code is to complicated. If you simplify the tax code then you don't have to spend all that money...more
While you would have done better in the market with your 30K over the last 30 years her numbers are a little overstated. You would have only ended up with about $270K if invested in the DOW.
7/29/2009
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