[Teacher317]

I am for bringing back the tarrifs that used to support us before we stupidly bought into the income tax.

Income taxes only account for about 35% of federal revenues. They rake in over $1,300,000,000,000 (trillion with a T) without income taxes. I think they can get by on that.

[Always Right]

Income taxes only account for about 35% of federal revenues.

Well more than that. Personal Income tax accounts for roughly $1 Trillion, Payroll taxes account for another $720 Billion, and Corporate Income taxes add another $230 Billion. All other forms of federal taxation combine add up to less than $100 Billion.

[RobFromGa]

Here are the figures for Source of Federal Income:

2004
Income Taxes 809 billion (43%)
Payroll Taxes (SS/Medicare) 733 billion (39%)
Corporate Taxes 189 billion (10%)
Other Taxes 148 billion (8%)
Total 1.88 trillion

So, income and payroll taxes were 82% of the revenue for the US government in 2004.

2005 est
Income Taxes 927 billion (43%)
Payroll Taxes (SS/Medicare) 794 billion (37%)
Corporate Taxes 269 billion (12.5%)
Other Taxes 153 billion (7%)
Total 2.142 trillion

Payroll plus income taxes still are 80% of the revenue.

[calex59]

Yep, I believe you are correct! The US government and the states need to reign in spending and forget about raising taxes!