When I was passing out flyers at the farmers market today, someone wanted more details about how much money would be needed without a federal income tax and how much would be saved without the wars. I didn't have exact numbers other than re-quoting that the budget from the 90s would work without today's income tax.
GPO shows the budget for 2012:
- $2.627 trillion receipts
-- $1.141 trillion income tax
- $3.729 trillion outlays
http://en.wikipedia.org/wiki/2012_Un...s_and_spending
So that means finding a budget outlay under $1.486 with no income tax. Bill Clinton's budget submitted for 1996 shows that the actual outlays and not estimates $1.461 trillion real outlays in 1994. So that means we would have a balanced budget with 1994's outlays with today's receipts with no income tax -- as opposed to today's $1.1 trillion deficit.
http://www.gpoaccess.gov/usbudget/fy96/browse.html (Budget -> Summary tables pg 174)
Do people have numbers for stopping the wars? The Department of Defense for 2012 is $707 billion, and one might be able to estimate the wars as a third of that, so almost $250 billion a year (not including savings from closing down other bases and bringing home troops).
Are these accurate short summaries to tell people?
- $1.1 trillion income tax now
- $1.1 trillion budget deficit (not the total debt)
- Quarter trillion removed from outlays from ending wars
- $1.5 trillion outlays from about 15 years ago, i.e., receipts without income tax today
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