Monday, April 12, 2010

Tax Rates to Pay Off the National Debt

Here's what you and I would have to pay if the government decided to tax at the rates necessary to pay off the national debt:

Current Tax Rate (left)
New Rate Required (right)

10% 24.3%
15% 36.4%
25% 60.6%
28% 67.9%
33% 80.0%
35% 84.9%

Nuff said.

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