American Economy: Fact or Fiction

14 Responses | Created by LIPULSE |
  1. 1

    Minimum wage (adjusted for inflation) is higher than 40 years ago.

  2. 2

    The amount allocated in the federal budget for unemployment is up this year.

  3. 3

    US currency is backed by gold.

  4. 4

    The oft-heard and much maligned earmarks are a major contributor to the federal deficit.

  5. 5

    George Washington insisted his portrait be on the 1-dollar bill.

  6. 6

    On average, Americans spend more on healthcare than on housing.

  7. 7

    If you’re self employed you only have to file taxes once per year (April 15) just like normal folks.

  8. 8

    As a US citizen you are not required to include offshore income on your personal income tax returns.

  9. 9

    In some cases, you are not required to file a federal tax return.

  10. 10

    44 US states have filed for bankruptcy.

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