Commodity Trade Mantra

Posts Tagged ‘IRS’

How Inflation Picks Your Pocket

The Federal Reserve that’s responsible for inflation (a redistribution of wealth from late-receivers, who are taxed, to support early-receivers), is more like a pickpocket & you don’t even see its hand in your pocket. Of course the government itself is among the earliest receivers, so it is one of the chief beneficiaries of inflation.

US now Spending 26% of available Tax Revenue just to pay Interest

In Fiscal Year 2013, the US collected $2.49 trillion in tax revenue & after deducting payroll tax of $891 billion (tied directly to funding Social Security & Medicare), had $1.599 trillion available to pay for its operations & total US interest payments were a whopping $415 billion – That’s Approximately 26%

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