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Economics and taxes are boring subjects. So much so, that when people talk about it they speak in rhetorical, vague terms to make it interesting. Politicians do this all the time. Nobody really cares about the numbers, it’s too boring. Unfortunately, arguments based on rhetoric appeal to our emotional senses, but fail to solve any problems and often only makes them worse.
So in light of this, here are some extremely boring figures courtesy of the non-partisan Congressional Budget Office. If you are tired or sleepy in anyway, STOP READING NOW! Otherwise, for those with the fortitude, you may find some things here that will directly contradict the baseless arguments we hear so often in the news media.
- In 2007, the top 1% richest Americans paid 39.4% of the individual income taxes. In
2000, under the previous administration,...
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