Tilted Forum Project Discussion Community - View Single Post

dc_dux · 04-15-2008, 01:55 PM

I agree that controlling spending is a good thing...the question is how?

Eliminate FICA taxes (35% of current revenues), corporate income tax (15% of current revenues) and value added (excise) taxes (3% of current revenues) and you eliminate over 50% of the revenue to the federal government....at the same time that over 60% of spending currently pays for entitlements (33% of current outlays) and interest on the debt (10% of current outlays), and defense (20% of current outlays).

Its not really that difficult to "game" the impact of this proposal.

The only solution to make it revenue neutral is to eliminate pretty much everything else! Good luck with that.

04-15-2008, 01:55 PM	#17 (permalink)
dc_dux Location: Washington DC	I agree that controlling spending is a good thing...the question is how? Eliminate FICA taxes (35% of current revenues), corporate income tax (15% of current revenues) and value added (excise) taxes (3% of current revenues) and you eliminate over 50% of the revenue to the federal government....at the same time that over 60% of spending currently pays for entitlements (33% of current outlays) and interest on the debt (10% of current outlays), and defense (20% of current outlays). Its not really that difficult to "game" the impact of this proposal. The only solution to make it revenue neutral is to eliminate pretty much everything else! Good luck with that. __________________ "The perfect is the enemy of the good." ~ Voltaire Last edited by dc_dux; 04-15-2008 at 02:32 PM..