A friend and fellow blogger of mine, DaTechGuy.com, has pointed out that the arithmetic we are being given on the battle for the tax cut in Congress is not quite accurate.

He points out:

An 8 week extension of the payroll tax (forgetting the expense the short-term change would cost) would generate 8 x 40 or $320.

A 52 week extension that the GOP has already passed would generate 52 x $40 or $2080 dollars.

Therefore the House bill gives a net profit of 2080-320 or $1760 dollars more to the avg taxpayer.

Instead of asking people what they would do with $40 that the house is keeping from them, perhaps they should ask what they would do with the #1760dollars that the tea party house has approved and the senate has not?

Aside from the fact that it is not a tax cut–it is a raid on Social Security–that is a very interesting way of looking at it.