Skip Navigation

The Daily Dish - 2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

$1,000,000,000,000

By The Daily Dish
Mar 4 2009, 1:25 AM ET

Tyler Cowen flags this post by James Hamilton:

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.



Presented by

More at The Atlantic

Here's What Humbert Humbert Looks Like (as a Police Composite Sketch) Is This What Humbert Humbert Really Looks Like?
The Myth of Energy Independence: Why We Can't Drill Our Way to Oil Autonomy Why We Can't Drill Our Way to Oil Autonomy
'Chronicle' Shows Us Teenage Superheroes With Daddy Issues A Tale of Teen Heroes With Dad Issues
Anne Rice, 'Secret World of Arrietty': The Week Ahead in Pop Culture The Week in Pop Culture
Using the Internet as Matchmaker: The Drawbacks to Online Dating Internet as Matchmaker: The Drawbacks to Online Dating
Special Report
Election 2012 Reuters Election 2012
The destination for full politics coverage, from the primaries to the White House. Read more ›

Just In

View All Correspondents

The Biggest Story in Photos

The Civil War, Part 3: The Stereographs

Feb 10, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)