The US debt has just reached 100 percent of the GDP. This is the total of what is produced and sold in society. Unfortunately, this is a major marker in America’s history, especially since a debtor nation is considered “bad off” with more than 50 percent of their GDP in debt. Here’s a quick, funny video putting the US debt crisis into
One thing I learned starting a business is the government games all the numbers to make a business look like it’s making as much money as possible. That way the government can collect taxes at the highest rate as soon as possilbe. While I have no experience with large corporations that can lobby the government
Illinois just passed a law that taxes Internet retailers differently than other states do. They also increased personal income tax and have some of the highest sales tax in the nation. Here is a video showing how they pushed an Internet coupon company to the breaking point, and they moved across the border to Wisconsin.
When we hear debates on spending cuts or tax increases needed for the government, it’s sometimes hard to grasp the issue. The only way to get a grasp on what’s possible and realistic is to look at historical numbers. After all, when I see that we’re spending taxpayer dollars to continue funding Anthony Weiner’s $1.2 million
