Quote:
Originally Posted by dellinger63
From Huffington via NY Times
"$60 Billion: The approximate amount that extending the Bush tax cuts on income above $250,000 a year -- which Congress seems on the verge of doing -- will cost a year, in inflation-adjusted terms."
So instead of swallowing the $60 billion per year or $120 for 2. He adds $780 billion to even things out?
http://www.huffingtonpost.com/2010/1..._n_792140.html |
Counting money not collected is money lost is only available to the govt.
In simple terms, if you make 200k a year and now your taxes arent goig to be raised 3%, the govt says it lost 6 k on you even though they never had that money. Imagine if we could do that?
The problem with our govt isnt that it collects too little, the problem is it spends too much.