Posted on 01/04/2020 5:53:26 PM PST by Tolerance Sucks Rocks
Some politicians running for federal office make it sound as if the biggest problem facing our country is that we dont send enough of our paychecks to Washington, D.C.
They propose increasing or creating new federal taxes on income, payrolls, business profits, carbon emissions, financial transactions, wealth, and more.
Before they start trying to spend more and more of our money, they would do well to consider just how much theyre already spending. Looking back over the last decade, its clear theyve already entered the drunken sailor stage.
From 2010 through 2019, U.S. households sent an average of $228,000 to Washington. Heres the math.
The Office of Management and Budget reports that federal revenues totaled $29.3 trillion during that period. The Census Bureau estimates there are currently 128 million households in the country. Thus, each households share of the tax burden comes out to around $228,000.
And this number is conservative, as in low. Adjusting for inflation and the smaller number of households at the start of the decade would cause the estimate to go even higher.
The federal government collected an average of $27,000 in revenue per household in 2019.
According to the latest data from the Congressional Budget Office, federal revenue hit an all-time high of $3.46 trillion in 2019, or roughly $27,000 per household. The vast majority of the haul comes from individual income and payroll taxes. Thats money directly out of your pocket.
The federal bill is hefty enough. When we consider state and local taxes, the full burden of government grows larger. The Tax Foundation estimates that workers need January, February, March, and half of April just to cover their full tax bill.
Federal revenue in 2019 matched the combined economic output of 13 states. It is difficult to comprehend the total amount.
(Excerpt) Read more at dailysignal.com ...
Death and taxes: It never changes.
Great thread. The CRIMINAL STATE has stolen our time of life via debt/taxation. Zero accountability. Zero representation.
STFU. Surrender your sons for war, your daughters/wives for degradation/rape. Work, pay taxes, DIE. Do not look at or question us. We are the United Criminals of America. You are our pawns/play toys. We are NEVER held to account. We can deflect/counterpunch all criticism better than anyone throughout history.
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