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Not collecting a tax does not increase debt. Outlays increase debt. If it did, then not taxing Apple 100% of its profits would be "costing" us all a fortune.
by phil248 8y ago
Not collecting a tax does not increase debt. Outlays increase debt. If it did, then not taxing Apple 100% of its profits would be "costing" us all a fortune.
- EvilEndures 8y agoPlease read a government budget sometime and look at current law vs exceptions to current law in the form of targeted tax breaks. It is called a tax expenditure. Aka an expense or an outlay. Making up an absurd position that requires redefining financial terms is a poor strategy. Appying your logic, collecting $0 in taxes from everyone does not create any debt because you can simply reduce expenses to $0. Please apply your position to your own life ($0 in income and $0 in expenses) and let me know if your position is a real one. I suspect the lack of shelter and food will convince you otherwise.