Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Free Education

April 26, 2011March 24, 2017

WHERE YOUR TAX DOLLARS GO

Here it is, based on your own income level. Seeing it this way helps to focus the discussion of what and how much to cut.

(I would cut things the military doesn’t want, for starters. But the biggest impact I’d make on the deficit is, as Alan Greenspan suggested on “Meet the Press” a couple of weeks ago, just reverting to the Clinton tax rates.)

HOW HEAVILY ARE WE TAXED?

“In a survey of 28 developed nations by the Organization for Economic Development and Cooperation,” writes blogger Ted McLaughlin, “it was shown that only two of those 28 nations have a lower tax burden than the United States — Mexico and Chile. Currently all taxes totaled together (federal, state and local) comprise about 24% of U.S. Gross Domestic Product (GDP) — by comparison, Great Britain’s tax burden is 34.3% of GDP, Germany’s is 37%, and Denmark’s is 48.2% (the highest of all 28 countries).”

Ralph Mason: “I engaged in a debate recently with someone who claimed that the American economic dynamo has been increasingly hampered by big government from Wilson on down, made much worse especially by the New Deal and the Great Society. I looked up GDP per capita since the Civil War to see if there were evidence for this. The result surprised even a liberal like me. Apparently the modern era of ‘big guv’ment’ has been the best thing that ever happened to us.”

WHERE TO GET A FREE EDUCATION

Bill Gates thinks Salman Kahn has the answer, in 12-minute modules. And it’s here now, free. Here’s converting fractions into decimals. Here’s natural selection and the owl butterfly. Here’s the Fed funds rate. Here’s U.S. history from Jamestown in 1607 to the Civil War (in 18 minutes). There are more than 2,000 of these in all; knock yourself out. Yet think about it: if you can’t afford Tulane but have access to the Internet – and you did 20 videos a day (three to four hours worth) – you’d have done them all in a long summer. And still have time to make some money lifeguarding.

Post navigation

← Would Warren Buffett Use Delta Bonus Miles To Buy FCSC?
Taxes, Progress, and Censorship →

Quote of the Day

"I can calculate the motions of heavenly bodies, but not the madness of people."

Isaac Newton

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Bankrupting Yet Another Enterprise; Threatening Your Life

    August 11, 2025
  • Don't Miss Today's Last Item: What A Soft Coup Looks Like

    August 8, 2025
  • The Mozart Of Math

    August 7, 2025
  • A Few Words About Death

    August 6, 2025
  • Paul Krugman -- And The Gospel Worth Spreading

    August 5, 2025
  • She's Not My Type

    August 4, 2025
  • Far Worse Than The Job Numbers . . .

    August 2, 2025
  • Gambling + Gaza

    July 31, 2025
  • For All The Marbles

    July 30, 2025
  • Of Sound Mind And Body

    July 30, 2025
Andrew Tobias Books
  • Facebook
  • Twitter
©2025 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams