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Interestingly, the United States government’s federal taxing and spending, as percentage of the country’s GDP, has been nearly similar in the last four decades, as seen in the two graphs below. Continue Reading…

On the heels of one of this year’s most highly contested policy changes — raising taxes on the top 2% of income earners through changes in the American Taxpayer Relief Act (the fiscal cliff deal) — the argument that the wealthy are footing too much of the bill still reigns as a benchmark argument in Washington.

Are the wealthy really paying too much, or are they “not paying their fair share,” as many congressional Democrats still insist?

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