JGalt
Diamond Member
- Mar 9, 2011
- 73,368
- 89,925
- 3,635
Depends on how much I spend.
30% seems high.
Or a flat 15% income tax for everyone, no exceptions.
10% is what God asks for, government shouldn't ask for one cent more
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Depends on how much I spend.
30% seems high.
Or a flat 15% income tax for everyone, no exceptions.
10% is what God asks for, government shouldn't ask for one cent more
As long as all tax expenditures are removed as well that could work.
Not certain that would pay for the just the Defense portion of the budget.10% is what God asks for, government shouldn't ask for one cent more
Not certain that would pay for the just the Defense portion of the budget.
I am saying a 10% sales tax would drop the collections side.Why not? The US collected $4.9 trillion dollars in tax revenue in FY 2022
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjk8-qezNb8AhWEj4kEHQr8CAwQFnoECAoQAw&url=https://fiscaldata.treasury.gov/americas-finance-guide/&usg=AOvVaw0PV0QQNZ6fwDj7xYDbS9fc
Discretionary outlays by the federal government totaled $6.27 trillion in FY 2022...
Fiscal Data Explains Federal Spending
Are you saying they couldn't cut spending by $2 trillion dollars and balance the budget?
They can't balance the budget in a way that would be fiscally sound (you know, without completely gutting vital programs, without curttng miltary spending, medicare, and social security, the three prohgrams that get the vast majority of funding.Why not? The US collected $4.9 trillion dollars in tax revenue in FY 2022
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjk8-qezNb8AhWEj4kEHQr8CAwQFnoECAoQAw&url=https://fiscaldata.treasury.gov/americas-finance-guide/&usg=AOvVaw0PV0QQNZ6fwDj7xYDbS9fc
Discretionary outlays by the federal government totaled $6.27 trillion in FY 2022...
Fiscal Data Explains Federal Spending
Are you saying they couldn't cut spending by $2 trillion dollars and balance the budget?
I am saying a 10% sales tax would drop the collections side.
Thats my point, you can't.Then drop the disbursement side and make it even.
You would need to gut many vital programs, including defense, social security and medicare in order to balance the budget at that point.Then drop the disbursement side and make it even.
You do know your 'true fiscal conservatives' are a minority group within a minority party don't you?That so called right-wing fringe are true fiscal conservatives and not RINOS.
The reason we have such high debt is because of reckless spending by RINOS and Democrats.You do know your 'true fiscal conservatives' are a minority group within a minority party don't you?
You underestimate the evil of those mooching parasites.Not without an IRS.
Well let’s at least start showing SOME concern for all the overspending. We can cut 1% (more, actually) from all programs just by eliminating waste and redundancy. I worked one year for the government, and never in 40 years of working have I seen such total disregard for spending.You would need to gut many vital programs, including defense, social security and medicare in order to balance the budget at that point.
Republicans have never shown any real concern about overspen. In fact republicans tend to run the country in a higher deficit. The last time this country actually had a balanced budget and was running at a surplus with under Clinton. If trump ran the country at a multi trillion dollar deficit from most of his presidency.Well let’s at least start showing SOME concern for all the overspending. We can cut 1% (more, actually) from all programs just by eliminating waste and redundancy. I worked one year for the government, and never in 40 years of working have I seen such total disregard for spending.
As far as SS and Medicare, we MUST make some changes or both systems run out of money. We can take an initial baby step by shifting everything back by 6 months, in terms of retirement age and Medicare, so that SS can begin starting at 62.5 and Medicare 65.5, as well as taxing Income up to $175,000. These small changes can make a significant difference.
You would need to gut many vital programs, including defense, social security and medicare in order to balance the budget at that point.
Not an answer to the question but do you think unfunded tax cuts might be a factor?The reason we have such high debt is because of reckless spending by RINOS and Democrats.