Simple Economics

Why America is failing explained in simple English

US Gross Domestic Product:                                   $14,580,000,000,000

Income for the top 20%:                                             $13,559,400,000,000

Income for the bottom 80%:                                    $1,020,600,000,000

Taxes for the top 1%:                                                                                   15%

Taxes for the bottom 99%:                                                                    40%

United States Tax Revenue:                                     $2,170,000,000,000

Fed Budget:                                                                        $3,820,000,000,000

Now, remove 8 zeroes and pretend it’s a household budget

Annual Family Income:                                                                   $145,800

Dad’s Income:                                                                                          $135,594

Mom’s Income:                                                                                         $10,206

Dad’s Household Contribution:                                                          15%

Mom’s Household Contribution:                                                      40%

Combined Household Contribution:                                      $21,700

Total Household Expenses:                                                          $38,200

Amount Dad is willing to pull from his Vegas fund,                                   for Grandmas’ doctor and our kid’s education:                     $0

Stop the insanity. If the rich don’t want to pay their fair share, it’s time for them to find a new place to live!

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