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How to Collect $1.4T in Unpaid Taxes

17 points by rafaelc 6y ago

valuearb 6y ago
Or we could cut federal spending back to the Clinton eras 19% of GDP, instead of the bloated 25-30% it’s been since GW Bush.
- sillyconesally 6y ago
  Clinton flew on convicted sex trafficker and pedophile Jeffrey Epstein's Lolita Express 26 times. Bill Gates also visited the island several times. Lets pretend that Democrats are great people and ban anyone who disagrees. I expect this comment to be shadow banned immediately.
- deleted 6y ago
  [deleted]
- eutropia 6y ago
  There’s no dichotomy here. We could collect the unpaid taxes and reduce spending.
- watertom 6y ago
  Why do people respond to the taxation of the wealthy by suggesting that we cut spending? The apologist approach to the taxation the wealthy is just baffling. The rich have been allowed to accumulate wealth because of tax laws that favor them.
  - valuearb 6y ago
    The rich accumulated wealth because they earned it. You are angry that our tax laws didn’t take as much as it could from them. Still doesn’t change the fact that federal spending is out of control.
kgin 6y ago
> Unreported income is the single largest reason that unpaid federal income taxes may amount to more than $600 billion this year, and more than $7.5 trillion over the next decade. It is a truly staggering sum — more than half of the projected federal deficit over the same period. Wow, even managing to collect 100% of these taxes would still result in the US adding 7.5 trillion to the debt.
- rafaelc 6y ago
  I read it as saying that collecting 100% of federal income taxes would add $7.5 trillion in revenue over the next decade
- spaceisballer 6y ago
  Not sure where you’re getting that, it’s saying there is more than $600 billion in income going unreported (untaxed).
  - kgin 6y ago
    They said uncollected taxes over the next decade would total 7.5 trillion and that sum would be equal to half the total deficit over the same time period. To me that sounds like the total projected deficit over the next 10 years will be will be 15 trillion (assuming no additional taxes are collected, but 7.5T if 100% were collected)
haspoken 6y ago
http://archive.is/3jf0b http://archive.is/3jf0b

17 points by rafaelc 6y ago

Or we could cut federal spending back to the Clinton eras 19% of GDP, instead of the bloated 25-30% it’s been since GW Bush.

sillyconesally 6y ago
Clinton flew on convicted sex trafficker and pedophile Jeffrey Epstein's Lolita Express 26 times. Bill Gates also visited the island several times. Lets pretend that Democrats are great people and ban anyone who disagrees. I expect this comment to be shadow banned immediately.
deleted 6y ago
[deleted]
eutropia 6y ago
There’s no dichotomy here. We could collect the unpaid taxes and reduce spending.
watertom 6y ago
Why do people respond to the taxation of the wealthy by suggesting that we cut spending? The apologist approach to the taxation the wealthy is just baffling. The rich have been allowed to accumulate wealth because of tax laws that favor them.
- valuearb 6y ago
  The rich accumulated wealth because they earned it. You are angry that our tax laws didn’t take as much as it could from them. Still doesn’t change the fact that federal spending is out of control.

kgin 6y ago

> Unreported income is the single largest reason that unpaid federal income taxes may amount to more than $600 billion this year, and more than $7.5 trillion over the next decade. It is a truly staggering sum — more than half of the projected federal deficit over the same period. Wow, even managing to collect 100% of these taxes would still result in the US adding 7.5 trillion to the debt.

rafaelc 6y ago
I read it as saying that collecting 100% of federal income taxes would add $7.5 trillion in revenue over the next decade
spaceisballer 6y ago
Not sure where you’re getting that, it’s saying there is more than $600 billion in income going unreported (untaxed).
- kgin 6y ago
  They said uncollected taxes over the next decade would total 7.5 trillion and that sum would be equal to half the total deficit over the same time period. To me that sounds like the total projected deficit over the next 10 years will be will be 15 trillion (assuming no additional taxes are collected, but 7.5T if 100% were collected)

haspoken 6y ago

http://archive.is/3jf0b http://archive.is/3jf0b