I would find that statement hard to believe. Individual and corporate income taxes account for less than 60% of the Federal government's revenue, so it seems unlikely on its face that this statement could be true.
I would find that statement hard to believe. Individual and corporate income taxes account for less than 60% of the Federal government’s revenue, so it seems unlikely on its face that this statement could be true.
If I remember the numbers from one of the studies in a link on this thread, we are only dealing with less than 15 percent of the total Fed income being returned to the States. The number was around 600 billion actually returned. So I could very easily see it as a true number. The real answer might be hiding in the total amount individual taxpayers contribute to the Fed.
As you and others have stated, it is a very complicated subject, that perhaps should be greatly simplified.