Friday, August 5, 2011

It's a spending problem.

Corporate profits were 1.4 trillion last year after taxes.

http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=economic_indicators&docid=f:08jn11.txt.pdf

Government deficit is 1.6 trillion this year.

http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=economic_indicators&docid=f:32jn11.txt.pdf

You could tax 100 percent of corporate profits every year and there would still be a deficit.