Monday, November 3, 2008

According to One "Economist," the Threshold Will be Much Lower

I want to thank Dave for sending along an opinion piece from the WSJ by an economics professor named Adam Lerrick. In the article, Mr. Lerrick explains how the tax burden for the socialist programs (my phrase) will be shifted to those in the $75,000 range. The number of those paying no tax at all will increase by 9%. You can have all the endorsements you want from a publication called "The Economist," but the numbers don't add up. Educated, small business might want to check your earnings in November to see if you need to take the month of December off. We wouldn't want to be productive, now would we?

Check out the article :