Month: February 2021

The “Feckless Business”

February 25, 2021

The “Feckless Business” is a business that is managed irresponsibly and lacks initiative.  Or another way of putting it, a business that has no budget or strategic plan and just exists day to day with ownership and management dealing with problems of their own making.   It is easy being a “Feckless Business” with no…
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Chart of Federal Tax Receipts as a Percent of GDP from 1929 to 2020

February 16, 2021

Tax season may have you questioning if the Federal tax burden increasing or decreasing. The chart shows aggregate U.S. Federal tax receipts as a percentage of Gross Domestic Product (GDP). Apart from the large increase during World War II, otherwise there is no real trend. The US uses a progressive income tax rate:  As a…
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