The U.S. has not run a budget surplus since 2001. Federal debt is more than 100% of GDP, the highest in over 60 years. When the present value of social security and healthcare liabilities is taken into account, the debt-to-GDP ratio may climb to more than 300%.
Find out how additional tax increases could impact your lifelong investments and portfolios at http://www.tinyurl.com/BFM-tax-022013