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Uncle Sam Is Picking Your Pocket With High Taxes. Democrats Want to Raise Them Even Higher.
The Daily Signal ^ | December 27, 2019 | David Ditch (FOX News)

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 don’t 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 they’re already spending. Looking back over the last decade, it’s clear they’ve already entered the “drunken sailor” stage.

From 2010 through 2019, U.S. households sent an average of $228,000 to Washington. Here’s 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 household’s 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. That’s 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 ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Editorial; Government; News/Current Events; Politics/Elections
KEYWORDS: biggovernment; collapse; congress; debt; deferredtaxes; deficit; democrats; greennewdeal; marxism; medicareforall; revenue; runawayspending; shtf; socialism; spending; states; taxes; taxhikes; thievery; unclesam
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To: kosciusko51

Death and taxes: It never changes.


21 posted on 01/05/2020 3:59:16 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Tolerance Sucks Rocks; All

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.


22 posted on 01/24/2020 5:29:55 AM PST by PGalt (Past Peak Civilization?)
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