The "tax cuts expire" sounds less painful than "new tax hikes" in 2011.
My take is that for every dollar you give the government, they like to spend a buck-fifty. I'm rounding, of course. Maybe it's more, maybe it's less. But the money get spent in different ways that you and I might spend that money. That's a little less efficient use of the money.
Maybe we'd go buy iPhones and take vacations. Maybe we'd save for kids' college or retirement. Instead, the government may spend it on a museum in Pittsburgh or a study of insects mating habits.
All of these help create jobs. But if you and I had the money maybe instead of the museums and the insect study, those folks would be building Tech facilities and studying ways to make longer-lasting batteries.
But absent congressional action, tax rates will increase in 2011. And to assist you with the elevated tax rates, here are some Air Asia stewardesses.
