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Out of curiosity, does the 250 million taxpayers include tax paying businesses?
by sosborn 8y ago
Out of curiosity, does the 250 million taxpayers include tax paying businesses?
- kibwen 8y agoNope, and although that suggests that $150 would be an overestimate (if we disregard the huge portion of taxes that are earmarked for social security, individual income tax contributes 80% of government revenue), this is countered by 1. the fact that the $1 trillion price tag is a low-ball estimate, 2. the fact that the tax base was 50 million fewer 30 years ago, and 3. the unlikelihood that the price tag is adjusting for inflation, which would increase the real value of contributions over the past 30 years (according to CPI, prices in 2017 were 87% higher than prices in 1990).
- belltaco 8y agoAren't the same tax payers paying for the business taxes as well through the increased price of goods?