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This Simple Graph Compares Reagan’s and Obama’s ‘Recoveries’
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Copperhead |
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Check out the other story linked in the original; "Warning: This contains a bunch of mind-bogglingly gigantic numbers that we’ll try to make understandable! The non-partisan Congressional Budget Office just released its analysis of the budget proposal that President Obama presented last month. The result: it would yield the highest level of sustained taxation in the history of the country. Over the next 10 years, taxes would grow from 17.6% of gross domestic product to 18.7%. As current GDP is just under $17 trillion, that means annual taxes would be $3.1 trillion, or $9,804 for every American." Here’s a graph showing taxes as a percentage of GDP since 1930: [ link to www.ijreview.com]
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