Monday, July 25, 2011

Number of the Day

$716 billion: The additional amount of revenue the federal treasury would be collecting annually if "corporations and households taking in $1 million or more in income each year were now paying taxes at the same annual rates as they did back in 1961. In other words, if the federal government started taxing the wealthy and their corporations at the same rates in effect a half-century ago, the federal debt to investors would almost totally vanish over the next decade."