Subj : Re: Um...no comment?
To   : Angus McLeod
From : Finnigann
Date : Wed Sep 21 2005 05:38 pm

-=> Angus McLeod wrote to Finnigann <=-

 AM>   Re: Re: Um...no comment?
 AM>   By: Finnigann to Deuce on Tue Sep 20 2005 06:37:00

 >  De> Not sure how taxes are set up in the USA... but my understanding of the
 >  De> flat tax number crunching is that a flat tax of 20% would replace the
 >  De> federal portion of income tax.  State and municipal (county?) taxes
 >  De> would need to be in addition to that.
 >
 > Some estamates I have seen it could be as low as single digets.

 AM> How much tax a government must take is dependent upon how much they are
 AM> spending on an unethical, foreign war.

While the unbudgetted expenditures in Iraq are large they are only about 50% of
the shortfall. Yes reducing that item or eliminting it all together would go
along way to easing the tax burden.

It seems short-sitedness in regards to in-border expenditures have fallen thru
the cracks also. We are not getting our money's worth. But rather than fixing
the problem many folks would rather bury their heads in the sand and pretend
that everything is alright, when it's not.

The interest on the deficet is not a small number either. President Clinton
handed over a surplus and it was pocketed almost immediately by the top teir of
wage earners... wait, that's not right wage earners make no where near the tops
in our society... Anyway it's gone now and we have a budget that is in shambles
and a bunch of hyenias liking their chops at the rest.


Interest, this year alone is $ 335,528,344,667

I believe this is more than all of the give aways or entitlements combined.

http://www.federalbudget.com/

This guy makes his case for continuing the national debt... look for 'My
presntation' link.

It very interesting reading.



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  ³ "We live in a society exquisitely dependent on science and technology,
  ³  in which hardly anyone knows anything about science and technology."
  ³                    - Carl Sagan
  ³


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