"only" one-third? 33% of federal revenue is a HUGE chunk. Huge. Hey, i like to sit around and bitch about taxes as much as the next guy, but the idea of doing away with the income tax seems pretty untenable.
On Tue, Apr 26, 2011 at 1:44 PM, Casey Dougall < [email protected]> wrote: > > On Tue, Apr 26, 2011 at 2:37 PM, Casey Dougall < > [email protected]> wrote: > > > > > > > Ron Paul has a better chance than Donald Trump. > >> > > > > > > http://www.ronpaul.com/on-the-issues/taxes/ > > On May 7, 2001, Ron Paul wrote the following column: > > *The Case Against the Income Tax* > > Could America exist without an income tax? The idea seems radical, yet in > truth America did just fine without a federal income tax for the first 126 > years of its history. Prior to 1913, the government operated with revenues > raised through tariffs, excise taxes, and property taxes, without ever > touching a workers paycheck. In the late 1800s, when Congress first > attempted to impose an income tax, the notion of taxing a citizens hard > work was considered radical! Public outcry ensued; more importantly, the > Supreme Court ruled the income tax unconstitutional. Only with passage of > the 16th Amendment did Congress gain the ability to tax the productive > endeavors of its citizens. > > Yet dont we need an income tax to fund the important functions of the > federal government? You may be surprised to know that the income tax > accounts for only approximately one-third of federal revenue. Only 10 years > ago, the federal budget was roughly one-third less than it is today. Surely > we could find ways to cut spending back to 1990 levels, especially when the > Treasury has single year tax surpluses for the past several years. So > perhaps the idea of an America without an income tax is not so radical > after > all. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336852 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
