Notes on the Atrocities
Like a 100-watt radio station, broadcasting to the dozens...


Thursday, October 02, 2003  

Three more items for your consideration:

1. Projected US deficit for federal fiscal year 2004: $480 billion.

2. Amount of profit US companies have legally "deferred"--that is, sheltered from the 35% corporate tax rate: $400 billion.

3. Tax rate Congress is planning to assess on those deferred profits in a one-time window to lure companies back: 5.25%.

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Bonus Item! - Net loss to US coffers: $119 billion.

posted by Jeff | 8:16 AM |
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