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I'm going to argue something a bit different: the overall tax revenue is roughly equal to government spending. The complexity of the tax code is to some extent
by moomin 10y ago
I'm going to argue something a bit different: the overall tax revenue is roughly equal to government spending. The complexity of the tax code is to some extent a distraction. It's complex, and has winners and losers, but ultimately you'd need to raise the same amount whatever you did.
If you really want lower taxes, you need to be honest: you'll be taking that money from someone else. Even then, it's amazing how many politicians trailblaze cuts in spending that don't really make a difference.
Want to make a huge difference to the US tax base? Take a look at defence spending. And don't pretend it won't cost some people dearly if you cut it.
- thomastjeffery 10y ago> If you really want lower taxes, you need to be honest: you'll be taking that money from someone else. s/lower/raise Taxation is theft. > Take a look at defense spending. And don't pretend it won't cost some people dearly if you cut it. I grew up on a US Army base. I can honestly tell you from firsthand experience that an absurd amount of that money goes to waste. 550 billion dollars is an insane amount of money.
- djrogers 10y ago> the overall tax revenue is roughly equal to government spending. Not even close - spending FAR outpaces tax revenues. That's what the federal deficit comes from. Last year we got about $1.20 in spending for every $1 in taxes collected.