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Originally Posted by KMA-628
Our current system does not and cannot collect revenue from tax evasion and the undergound economy (estimated to be over a trillion dollars). Consumer spending is roughly $7.7 trillion dollars.
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Based on the 2004 Federal Budget, the govt spent 2.3T. In order to get 2.3T out of 7.7T consumer spending, the tax rate would be 29.8%. That is if you tax EVERYTHING.
You still said nothing about how all of the taxes that would be repealed affect the rich way more than the poor. I wonder why.