We should honor Ronald Reagan. Ronald Reagan left office in 1989, the year the Berlin Wall fell. I would like to honor Ronald Reagan, by repealing the income tax and thus immediately bringing the federal budget back to its 1989 spending level. Thats right... Elliminating the income tax would only bring us back 15 years in spending. According to the Whitehouse's own numbers http://www.whitehouse.gov/omb/budget/fy2005/pdf/hist.pdf) the federal government collected $1,782,342,000,000 from all sources in 2003. Individual income taxes were the source of 44.5% of that enormous sum. If we were to subtract individual income taxes from the total, we are left with $989,199,810,000. That is almost exactly how much the federal government collected in 1989. Who thinks elliminating the income tax and replacing it with nothing is a great idea?