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So that means the government is taking more than 1/5 of all the money generated by the US. That’s crazy and no wonder the nation is going bankrupt
by edgyquant 2y ago
So that means the government is taking more than 1/5 of all the money generated by the US. That’s crazy and no wonder the nation is going bankrupt
- airstrike 2y agoIt reminds me of the Portuguese court taking 1/5 of all the gold mined from colonial Brazil: https://pt-m-wikipedia-org.translate.goog/wiki/Quinto_do_ouro?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp https://pt-m-wikipedia-org.translate.goog/wiki/Quinto_do_our...
- s1artibartfast 2y agoState and local governments also take their cut. I believe the total is about 35%. Important to note that outlays do not equal federal taxes, because spending exceeds revenue by a substantial margin.