Federal spending and revenue

This chart shows — in 2005 dollars — the average American’s share of individual federal income tax revenue from 1940 to 2011. This is how much Uncle Sam takes every year from each of us:
Federal income tax revenue per capita, 1940-2011, in 2005 dollars
This chart shows — in 2005 dollars — the average American’s share of federal spending from 1940 to 2011. This is the tab Uncle Sam sticks us with every year:
Federal spending per capita, 1940-2011, in 2005 dollars
Some very intelligent friends of mine focus so intently on whether “the rich” are paying “their fair share” of taxes that they end up missing the big picture. Both taxes and spending are ridiculously high and getting higher.
We must reverse course, and Barack Obama is lying when he says he intends to do just that.

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