Here’s the good news: Americans are paying less in taxes than at any time since 1950.
Here’s the bad news: Incomes are down, reducing income tax receipts; employment is down, reducing payroll tax receipts; consumer spending is down, reducing sales tax receipts.
And on the horizon: Perhaps a VAT, increased income taxes next year, increased taxes on medical expenses, medical devices, etc. Oh, and a spending binge that will have to be paid for, oh, somehow. Where does government get money again?
Oh, right — taxes.
So you’ll excuse me if I’m not feeling too grateful to my masters in Washington.