Let’s Talk Taxes

Are they too low? Too high? Just right?

Some folks, mostly of Republican stripe, cry loud and long, complaining that personal and corporate income tax rates, and other forms of taxes, are TOO HIGH, even excessive. Yet in the mean time, many folks, aka The Common Man, feel more than just a little pinched, and stressed out not just by inflation which has affected everything from groceries to housing, but by the cost of everything in general… even before inflation took its toll.

And, at the end of the day, for many, particularly our most vulnerable — the elderly, children, the impoverished, veterans, the homeless, those without healthcare insurance, etc. — there are more bills than there is money.

Kitchen table economics are real.

And though our nation sorely needed it, very few — exactly 19 Senators, and 2 Representatives — voted FOR the Infrastructure Investment and Jobs Act (H.R.3684). Maybe

The U.S. Economy In 6 Simple Pictures

Picture #1:

It’s fairly explanatory. American corporations are making profits hand over fist. They’re making more profit now, than before the “Great Recession.” In fact, they’re making more than DOUBLE from their lowest during that time.

Corporate Profits After Tax