How about reading a history book about the USA? If you ever did you’d find out that the federal government was funded by tariffs before the disastrous income tax started to replace it.
Funny how you are a fan of the income tax but hate the best consumption based tax: the tariff.
Here is some math for you. Most of the federal govt spending goes to SS and Medicare. We could argue about those but FICA covers that. In case you don’t know FICA are also called payroll taxes. The rest of federal discretionary spending could easily be covered by tariffs and a National Retail Sales Tax.
So you accept my deal?
Because I think I’ve been pretty clear I OPPOSE the income tax.
I just know that the reality is that there is NO WAY the numbers can ever reasonably add up without making the deficit even larger.... but, I don’t personally care (I do care for my kids/grandkids) but by all means, do it.
But as for a government dependent like you? Explaining FICA and Medicare taxes to me? Save your breath and save yourself from looking foolish. I know exactly what I’ve paid in FICA over my lifetime and I’ve also done the math: I’ll be getting screwed. Even ignoring the employer match? I figured years ago, I’d probably need to live to nearly 200 in order for my government social security deductions to pay out what I’d be able to make if I had been allowed to keep the money.
But of course... the government needs my money. To pay YOU.