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Years to Repay our Debt to China
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It would take 3,000 (yes thousand!) years to pay back every trillion dollars we borrowed from China. This calculation is based on every man, woman, and child in America giving $1 each year. If that doesn't upset you, fill in the blanks below:
$___ Trillion ÷ ___ Million/Billion = ___ Thousand Years.
( 1 Billion = 1,000,000,000 1 Trillion = 1,000,000,000,000 )
Now How do You Feel???
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Other Facts You Should Know
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- The Fairtax Bill has been in legislation over 10 years, and was developed by 3 guys having lunch.
- Not only will you be able to keep your entire paycheck, but you will receive a monthly check as well for basic necessities. See current prebate schedule at fairtax.org
- The FairTax would enable retirees to keep their entire pension.
- The FairTax will eliminate personal, estate, capital gains, social security, medicare, self-employment, and corporate taxes.
- $787 Billion Dollars of stimulus would have given every man, woman and child in the U.S. $2600. Household of 4 =$10,400
- Top 1% of income earners pay 41% of federal income taxes
- Largest tax hike in history will occur in January 2011 Or maybe it wont...will congress extend the Bush tax breaks?
- Capital Gains tax will rise from 15% to 20%
- Dividends tax will rise from 15% to 39.6%
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