10 yeras ago

[phatsuit]

When RP says that 10 years ago the gov had enough revenue to go withiut the income tax if spending didnt increase. What are the federal gov's other revenue sources and where can I find a link detailing this?

 

[AmyPA]

other revenues: corporate taxes, employment taxes, estate and gift taxes, excise taxes (gas, tobacco, etc.)

Can't help with the numbers though, sorry.

 

[phatsuit]

If anyone else knows, please get me the facts. I am convinving some peeps....

 

[AceNZ]

Try Wikipedia.

Google is your friend.

 

[phatsuit]

Try Wikipedia.

Google is your friend.

Dude, you think that I didnt try that? If you know post it...

 

[2orb]

Go to the search function on this forum. It's been discussed before.

 

[phatsuit]

Can you please just give me a link ???? WTF, I am trying to help our cause...

 

[AceNZ]

Have a look at this thread for a discussion of this year's numbers:

http://www.ronpaulforums.com/showthread.php?t=76545


First, the Revenue: $2.5671 trillion

* $1,163 billion - Individual income tax
* $869.6 billion - Social Security and other payroll taxes
* $370.2 billion - Corporate income tax
* $65.1 billion - Excise taxes
* $26.0 billion - Customs duties
* $26.0 billion - Estate and gift taxes
* $47.2 billion - Other

Expenditures: $2.8874 trillion total

* $586.1 billion (+7.0%) - Social Security
* $548.8 billion (+9.0%) - Defense[2]
* $394.5 billion (+12.4%) - Medicare
* $367.0 billion (+2.0%) - Unemployment and welfare
* $276.4 billion (+2.9%) - Medicaid and other health related
* $243.7 billion (+13.4%) - Interest on debt
* $89.9 billion (+1.3%) - Education and training
* $76.9 billion (+8.1%) - Transportation
* $72.6 billion (+5.8%) - Veterans' benefits
* $43.5 billion (+9.2%) - Administration of justice
* $33.1 billion (+5.7%) - Natural resources and environment
* $32.5 billion (+15.4%) - Foreign affairs
* $27.0 billion (+3.7%) - Agriculture
* $26.8 billion (+28.7%) - Community and regional development
* $25.0 billion (+4.0%) - Science and technology
* $23.5 billion (+0.0%) - Energy
* $20.1 billion (+11.4%) - General government

 

[phatsuit]

Thanks Ace!!!!

 

[jkm1864]

Shame how welfare is more than defence looks like we can cut that by 2/3 just by enforcing something called child support. force farmers to grow corn for ethanol and pot on the off season to convert to ethanol could save 27 billion there. Could save 32 billion on foreign affairs. Also could save on justice if You release all the un violent criminals " Drug pot related" ..

 

[kyleAF]

Shame how welfare is more than defence looks like we can cut that by 2/3 just by enforcing something called child support. force farmers to grow corn for ethanol and pot on the off season to convert to ethanol could save 27 billion there. Could save 32 billion on foreign affairs. Also could save on justice if You release all the un violent criminals " Drug pot related" ..

Ethanol's crap. It only came to the forefront of new energy owing to subsidies for political purposes.

Takes too much energy to produce the energy.