Why Millions of Americans Feel Like They Have No Power
Re: Why Millions of Americans Feel Like They Have No Power
by Libertarian602 » Thu May 07, 2015 11:02 am
On a year to year basis the Feds take in 3.2 trillion in income and payroll taxes, which is 33% of our GDP. The states take in 1.7 trillion, and that's 17.2% of GDP.
So half of all GDP in the U.S. goes to government.I know the argument is about who pays what, but I'd like to hear what are expectable taxation rates.
So half of all GDP in the U.S. goes to government.I know the argument is about who pays what, but I'd like to hear what are expectable taxation rates.
“Liberty has not only enemies which it conquers, but perfidious friends, who rob the fruits of its victories: Absolute democracy, socialism.”
-Lord Acton
-Lord Acton
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Libertarian602 - Senator
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Re: Why Millions of Americans Feel Like They Have No Power
by Libertarian602 » Thu May 07, 2015 11:30 am
So you're under the impression that taxation has kept the middle class thriving, interesting.
Where does loss of manufacturing, and globalization fit into that picture??
Either way, the question was what are exceptable income and payroll taxes.
Where does loss of manufacturing, and globalization fit into that picture??
Either way, the question was what are exceptable income and payroll taxes.
“Liberty has not only enemies which it conquers, but perfidious friends, who rob the fruits of its victories: Absolute democracy, socialism.”
-Lord Acton
-Lord Acton
-
Libertarian602 - Senator
- Posts: 1304
- Joined: Mon Sep 22, 2014 4:29 pm
- Gender:
- Has thanked: 177 times
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