Tag Archives: U.S. Taxes

U.S. National Debt – Cause and Effect

By Patricia L Johnson and Richard E Walrath Each year the CBO, Congressional Budget Office, releases a report titled The Budget and Economic Outlook with their projections for the period beginning the year it’s released and containing projections for the … Continue reading

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How Many Legs does Herman Cain’s 9-9-9 Tax Plan Have?

By Richard E Walrath Cain states his 9-9-9 plan would replace the current IRS tax system with a flat 9 percent income tax, 9 percent corporate tax and 9 percent consumption tax. Various news reports have stated Herman Cain’s new … Continue reading

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What Was the Intent of Our Founding Fathers on Taxes for the Rich?

By Richard E Walrath and Patricia L Johnson The very first year the U.S. began taxing there were 7 tax rates beginning with the minimum tax rate of 1% and a maximum tax rate of 7%. It appears our founding … Continue reading

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