That's some history on the MUCH QUIETER increases in the debt ceiling since 2001, with further history on how it was instituted.
Every year, I've been getting back HUGE refunds, including rebates for things like installing new hi-eff furnace and the like. All told, my federal income tax ends up being about 7% of my gross pay. That seems pretty small, and multiplied by the huge number of people in my earnings bracket, must be staggering. I'm with Obama on some sorts of tax increases; none of them makes a difference in my own standard of living or my savings.
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Date: 2011-08-09 05:57 pm (UTC)That's some history on the MUCH QUIETER increases in the debt ceiling since 2001, with further history on how it was instituted.
Every year, I've been getting back HUGE refunds, including rebates for things like installing new hi-eff furnace and the like. All told, my federal income tax ends up being about 7% of my gross pay. That seems pretty small, and multiplied by the huge number of people in my earnings bracket, must be staggering. I'm with Obama on some sorts of tax increases; none of them makes a difference in my own standard of living or my savings.