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Monday, September 29, 2008

Tax Thermometer

Ranking Member Charles Grassley posted this Tax Thermometer on the Senate Finance Committee website:

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http://taxprof.typepad.com/taxprof_blog/2008/09/tax-thermometer.html

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Comments

Any statistical data/proof to support this; any basis/criteria for his 'thermometer' provided? I would love to have it, as the liberals of my office for some reason find this thermometer offensive. ?????

Posted by: C.R.Sweitzer | Oct 1, 2008 11:43:40 AM

This is not a very useful chart. Firstly, adjustments for inflation, if any, need to be clearly documented. If one assumes that these numbers are adjusted to recent dollars, the scale represents a very small fraction of the overall budget: the extreme end of $39B is less than 10% of the average annual deficit since George W. Bush took office.

Posted by: Frank Siler | Oct 4, 2008 1:52:20 AM