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To: onedoug

How about this. The House passes a new tax. It is called the Debt Tax. It is a head tax. The governments takes the current debt cost and divides by the number of adults. EVERYONE pays their share!

Based on 200,000,000 adults that would be roughly $2,080.00 per year.

I suspect that people would be demanding action on the debt very quickly.


17 posted on 10/07/2013 10:22:49 AM PDT by BillM (.)
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To: BillM

The trouble with your proposal is the mathematics. You have the math wrong. 200,000,000 adults paying $2,080 each is only $416,000,000,000, or in words $416 billion. This is not enough to cover the national debt. If the debt ceiling is raised to $16 trillion, using 200,000,000 adults, the tax would need to be more like $80,000 per adult. At that level, I think you’d have a serious non-compliance problem since $80,000 per year is greater than 100% of annual income for the majority of Americans.


38 posted on 10/07/2013 10:41:54 AM PDT by stremba
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