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JoeBlowToo

(253 posts)

2. And the solution is collecting revenue...

Reply to Gravitycollapse (Reply #1)

Tue Mar 12, 2013, 07:32 AM

Mar 2013

The tax burden facing Americans is lower than it has been in more than 50 years, according to an analysis by USA Today.

Bureau of Economic Analysis data shows that Americans are now paying 23.6 percent of their income to cover federal, state and local taxes. In the 1970s through 1990s, they were paying about 27 percent of their income in taxes.

Taxing at that rate today, USA Today reports, "would mean $500 billion of extra taxes annually today, one-third of the estimated $1.5 trillion federal deficit this year."

http://www.cbsnews.com/8301-503544_162-20060440-503544.html

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We don't have a deficit problem, we have a security state & revenue problem. nt [View all] grahamhgreen Mar 2013 OP

No, we definitely have a deficit problem. Gravitycollapse Mar 2013 #1

And the solution is collecting revenue... JoeBlowToo Mar 2013 #2

Beyond what the other poster has said el_bryanto Mar 2013 #3

Exactly. drm604 Mar 2013 #4

The job of the government during a rescission IS to spend money. RC Mar 2013 #5

That's the way the R's would frame it. Truth is increasing revenues end the deficit. grahamhgreen Mar 2013 #6