1/3 revenue from taxes!

[Tyler19]

how does the goverment earn the other 2/3$ ?? besides income tax.

[uncloned21]

earn?

[lx43]

Corpate Income Taxes
Capital Gains Tax
Excise tax on gasoline, cigerates, etc
Your half of the FICA Tax. Look at your paycheck you really have two income taxes damn it

Your employers half of the FICA tax

unemployment tax

God this is depressing Must I go on???????

[Tyler19]

Care to help or no?

[Bradley in DC]

http://en.wikipedia.org/wiki/United_States_federal_budget,_2007

[lx43]

BTW the govt doesn't earn anything. It steals (uhhh did i say steal) I mean takes it from you and me.

[ctb619]

earn?

:D

[ThePieSwindler]

earn?

lol. well played.

[Tyler19]

http://en.wikipedia.org/wiki/United_States_federal_budget,_2007


Thats what im fkin looking for WOOT! You just converted people to ron paul. Thanks for the ammo.

[10thAmendmentMan]

earn?

Bravo!

[Sabin]

Corporate income tax, Excise taxes (gas, cigarettes, alcohol) Tariffs

[Kregener]

NONE of the money raped out of our paychecks goes toward "running" the country.

Every cent of it goes to the privately-held "Federal" Reserve Bank in interest payments.

The money to "run" the government comes from foreign borrowing.

[Tyler19]

people i know the government does not earn it. Jesus...... I was trying to answer a question that i was asked.

[SlapItHigh]

http://mwhodges.home.att.net/mwhodges.htm

[lx43]

This is before a RP presidency:

$699 billion (+4.0%) - Defense
$586.1 billion (+7.0%) - Social Security
$394.5 billion (+12.4%) - Medicare
$367.0 billion (+2.0%) - Unemployment and welfare
$276.4 billion (+2.9%) - Medicaid and other health related
$243.7 billion (+13.4%) - Interest on debt
$89.9 billion (+1.3%) - Education and training
$76.9 billion (+8.1%) - Transportation
$72.6 billion (+5.8%) - Veterans' benefits
$43.5 billion (+9.2%) - Administration of justice
$33.1 billion (+5.7%) - Natural resources and environment
$32.5 billion (+15.4%) - Foreign affairs
$27.0 billion (+3.7%) - Agriculture
$26.8 billion (+28.7%) - Community and regional development
$25.0 billion (+4.0%) - Science and technology
$23.5 billion (+0.0%) - Energy
$20.1 billion (+11.4%) - General government




This is after he leaves office.

$100 billion---Defense


lol This is my dream federal budget

[max]

Corpate Income Taxes
Capital Gains Tax
Excise tax on gasoline, cigerates, etc
Your half of the FICA Tax. Look at your paycheck you really have two income taxes damn it

Your employers half of the FICA tax

unemployment tax

God this is depressing Must I go on???????

You forgot the inflation tax (i.e. Fed "printing money" to buy bonds to cover deficits)

tariffs
Your employer's half of FICA..

with a constitutional government and a debt free currency, we could run the whole thing on reasonable tarriffs , gasoline, and maybe booze and cigs...

just imagine how well off we'd all be...less pressure...less divorce...less social divisions...

we buy our health care and probably wouldnt need mortgages..

heck..my parents immigrated here in 1954 and NEVER had a mortgage...

just work...save...and buy after you build up capital..

with an honest money system, a good home would sell for 80,000 or less

[pdavis]

how does the goverment earn the other 2/3$ ?? besides income tax.

The government doesn't earn its revenue it steals it. Anyways the government gets most of its revenue from tariffs on imports, estate taxes, gift taxes, corporate taxes, and excise taxes (excise taxes are taxes on items such as gas, tobacco and alcohol).

[max]

This is before a RP presidency:

$699 billion (+4.0%) - Defense
$586.1 billion (+7.0%) - Social Security
$394.5 billion (+12.4%) - Medicare
$367.0 billion (+2.0%) - Unemployment and welfare
$276.4 billion (+2.9%) - Medicaid and other health related
$243.7 billion (+13.4%) - Interest on debt
$89.9 billion (+1.3%) - Education and training
$76.9 billion (+8.1%) - Transportation
$72.6 billion (+5.8%) - Veterans' benefits
$43.5 billion (+9.2%) - Administration of justice
$33.1 billion (+5.7%) - Natural resources and environment
$32.5 billion (+15.4%) - Foreign affairs
$27.0 billion (+3.7%) - Agriculture
$26.8 billion (+28.7%) - Community and regional development
$25.0 billion (+4.0%) - Science and technology
$23.5 billion (+0.0%) - Energy
$20.1 billion (+11.4%) - General government




This is after he leaves office.

$100 billion---Defense


lol This is my dream federal budget

we could get away with 50 billion on defense and a well armed militia of RP supporters

[Stealth4]

I've heard this 1/3 number is not correct!

It may be 1/3 of the budget, which includes a huge percentage of borrowed money, but Im almost positive its not just 1/3 of government revenue.

The wikipedia link I think actually proves that. Even if you eliminated social security spending/taxes the income tax is > 50% of government revenue.

Can someone prove me wrong here?

[10thAmendmentMan]

This is after he leaves office.

$100 billion---Defense
$300,000--Cookies for all!

lol This is my dream federal budget

I snazzed your budget up a bit.

[OptionsTrader]

http://www.gpoaccess.gov/eop/tables06.html

[OptionsTrader]

Federal receipts and outlays, by major category, and surplus or deficit, fiscal years 1940–2007
http://a257.g.akamaitech.net/7/257/2422/15feb20061000/www.gpoaccess.gov/eop/2006/B80.xls

Federal receipts, outlays, surplus or deficit, and debt, fiscal years 2002–2007
http://a257.g.akamaitech.net/7/257/2422/15feb20061000/www.gpoaccess.gov/eop/2006/B81.xls

[max]

I've heard this 1/3 number is not correct!

It may be 1/3 of the budget, which includes a huge percentage of borrowed money, but Im almost positive its not just 1/3 of government revenue.

The wikipedia link I think actually proves that. Even if you eliminated social security spending/taxes the income tax is > 50% of government revenue.

Can someone prove me wrong here?

well, we have to payoff the National Debt because interest is such a huge component...

I'd sell off Federal lands...the state owns something like 1/4 of the US land mass?...I'd also seize the assets of the European Central Bankers who have swindled us...then hang them...

[lx43]

I snazzed your budget up a bit.



I think I can live with that. If you had gone over 1 cent It would have to be vetoed.:D

[Tyler19]

I've heard this 1/3 number is not correct!

It may be 1/3 of the budget, which includes a huge percentage of borrowed money, but Im almost positive its not just 1/3 of government revenue.

The wikipedia link I think actually proves that. Even if you eliminated social security spending/taxes the income tax is > 50% of government revenue.

Can someone prove me wrong here?

Can someone please address this question seriously.

[max]

Can someone please address this question seriously.

I'd say thats correct...Income Tax is about 33% of the budget, but about 50% of actual revenue..with the difference being borrowed money..

a 50% cut in spending balances the budget AND eliminates the income tax...

That would leave us with a government as large as it was in the early 1990's.

We still have tons of unfunded liabilities and the 9 trillion dollar national debt to deal with.

Let's not kid ourselves...RP is right. We really need to change our entire philosophy before ANY president can make these changes. We are going to face hard times and RP is gonna have time bombs exploding on his watch.

RP is not going to save our economy. It's too late.

But what he can do (assuming Congress supports him!) is manage the crisis a lot better than any of these other clowns so that we can emerge as a free and prosperous economy on the back end of the coming disaster.

[lx43]

Do the math.

The income tax is 1.1 trillion divide that by the total expenditures of 2.8 trillion = 39%

The income tax brings in 39% of total federal expenditures. not much difference in 1/3

[max]

Do the math.

The income tax is 1.1 trillion divide that by the total expenditures of 2.8 trillion = 39%

The income tax brings in 39% of total federal expenditures. not much difference in 1/3

yes..but 20% comes from borrowing.....we have to assume that the deficit is closed before the income tax is abolished.....hence...we need about a 50% cut in spending to cover ..

we can easily do that by dismantling the warfare and welfare states.....gonna take plenty of fireside chats by RP to get the masses to follow him on that...but he can do it...(the MSM will be slamming him at every opportunity)

[lx43]

Max your right about cutting spending to eliminate the deficit.

[Davebo]

Thats what im fkin looking for WOOT! You just converted people to ron paul. Thanks for the ammo.

I read that Wiki article and it has only the defense dept. budget as a source -- I'm in agreement that Gov't is WAY too large but I won't trust the article till it cites some more sources

[MikeStanart]

This is before a RP presidency:

This is after he leaves office.

$100 billion---Defense
300,000 Cookies for all!





300,000 for cookies is not enough.... Those cookies would only cost 1 cent each.

Considering these are Chocolate Chip Cookies.... preferrably bakery fresh.... we need to account for at least 20 cents per cookie. (Wholesale Cost)


There are 300 million people in the US, therefore the cost for 1 cookie per person would equal $60,000,000




To put things into perspective..... if it would cost 60,000,000 to make a cookie for every person in the US.... imagine how much it would cost for Universal Healthcare... LOL

[Shellshock1918]

http://en.wikipedia.org/wiki/United_States_federal_budget,_2007

Those are not even the real figures. According to Paul, supplemental bills are not counted into the budget. The government does tricky math.