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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (11528)9/8/2004 10:56:20 PM
From: yard_man  Read Replies (1) of 116555
 
that means if the U.S. Treasury had seized all wages and salaries in 2003 with a 100% income tax, there still would have been a deficit! The outlook for fiscal 2004 numbers is even worse

Income taxes haven't been about funding government operations for years ... one of those little modern delusions that keeps the wheels turning.
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