Random commentary and senseless acts of blogging.
The first Republican president once said, "While the people retain their virtue and their vigilance, no administration by any extreme of wickedness or folly can seriously injure the government in the short space of four years." If Mr. Lincoln could see what's happened in these last three-and-a-half years, he might hedge a little on that statement.
Prisoners of Azkaban
Wednesday, July 10, 2002
Conservative blabbers in recent years have spent a lot of time talking about 'Tax Freedom Day', the theoretical day up until which you're wroking for the government and after which you get to keep your money.
One reason why Tax Freedom Day is so late for individuals is that it comes so early for corporations. This article gives a good description of some of the breaks being given to hard-pressed small businesses like Ford, Microsoft, and GE. Although for these guys actually every day is Tax Freedom Day, it allows me to calculate what the day for 2002 would be, based on their 1999-2000 tax rates, and including only federal taxes. (In several cases, the day is actually in 2001, because credits left them paying a negative tax.)