Christopher R. Jarvis, MBA

As of this writing, our federal government has committed over $11 trillion in bailouts designed to help the U.S. economy. Some commentators have argued that this dramatic infusion of liquidity has saved our economy from a freefall into a financial abyss. Of the bailout funds announced so far, only about $3 trillion has been spent. Reasonable persons will recognize that this money has to come from somewhere; here we examine some facts about the tax obligations of higher-income Americans and corporations, to see how much of this burden will fall on doctors and similar earning taxpayers.