Sunday, April 15, 2007

Happy Income Redistribution Day

It's the most wonderful time of the year.

I'm quite convinced that if elections were held in April instead of September, Steve Forbes would have nabbed the nomination in either '96 or '00.

In following up the last post, the more carping there is about low-skill households and low-income families being left behind in the tax debate, some new Heritage research is interesting.

if the costs of direct and means-tested benefits, education, and population-based services alone were counted, the average low-skill household had a fis­cal deficit of $22,449 (expenditures of $32,138 minus $9,689 in taxes). The net fiscal deficit of the average low-skill household actually exceeded the household's earnings. If interest and other financial obligations relating to past government activities were added as well, the average deficit per household rose to $27,301.

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