Your money

KN: Here is an interesting link. 
To see where your tax money goes click on the link below.
tax-rates-spending

Petraeus N.H. Speech Fuels Presidential Speculation

Friday, 12 Mar 2010 05:17 PM

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Gen. David Petraeus is headed to New Hampshire -- a move certain to fuel rumors that he’s considering a dark horse bid for president either in 2012 or 2016, according to The Hill.

The man often credited with turning the tide in the Iraq war will give a speech at the New Hampshire Institute of Politics on the campus of St. Anselm College on March 24, the Hill reported, citing the Saint Anselm Crier.

Petraeus, who has a habit of wowing both journalists and politicians with his poise and intellect, has said he's not interested in running for president. But that doesn’t stop people from talking about it.  
Newsmax.

Kliphnote:  Gen. Petraeus is a great military man. 
But what has he run besides the military?
Has he ever had a budget to balance?
What we don't need is another inexperienced person
in the White House. 
And it seems like all war hero's lose elections.
Besides would he run as a Liberal or Conservative?

January 29, 2007

Ten Myths About the Bush Tax Cuts

by Brian M. Riedl

Backgrounder #2001

The Democratic majority in the U.S. House of Rep­resentatives must decide whether to write a budget extending, expiring, or repealing the Bush tax cuts. These tax cuts have provided a convenient scapegoat for the nation's budget and economic challenges. Despite a 42 percent spending increase in 2001, critics charge that the tax cuts have starved popular pro­grams. Despite surging economic growth and 5 million new jobs since 2003, critics also charge that the tax cuts have not helped the economy. Finally, despite making the income tax code more progressive, critics charge that the tax cuts have widened inequality.

Nearly all of the conventional wisdom about the Bush tax cuts is wrong. In reality:

• The tax cuts have not substantially reduced cur­rent tax revenues, which were in fact not far from the 2000 pre–tax cut baseline and over the 2003 pre–tax cut baseline in 2006;
• The increased child tax credit, 10 percent tax bracket, and fix of the alternative minimum tax (AMT) reduced tax revenues much more than most of the "tax cuts for the rich";
• Economic growth rates have more than doubled since the 2003 tax cuts; and
• The tax cuts shifted even more of the income tax burden toward the rich.

Setting optimal tax policy requires governing with facts rather than popular mythology, which is why it is important to set the record straight by debunking 10 myths about the Bush tax cuts.

Read more here: Bush Tax cuts.

Check the tax rate history here: Taxfoundation