Miles Davis Ars longa, vita brevis

How Much Is $1 Trillion?

03.13.2009 · Posted in Hell in a Handbasket

A trillion dollars is about the total amount collected in income taxes by the U.S. federal government in fiscal year 2006– $1.04 trillion, if you’re curious to use the exact number. That gives me a simple rule of thumb for personalizing these numbers. If I want to know what an additional trillion dollars in government borrowing or spending will mean for me, I just imagine what it would be like to pay twice as much in federal income taxes for one year.

http://feedproxy.google.com/~r/clusterstock/~3/_lLieVsBW4I/how-much-is-1-trillion-2009-3

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