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Posted: 8/11/2011 5:27:15 PM EDT
He is suggesting that we are "under taxed" in this country. Since over 38% of my income last year was taken from me I respectfully vehemently disagree. Here is his explanation:

In 2001 the CBO estimated that net US public debt would be negative 2.5 trillion. Then George W. Bush cut taxes, started 2 wars with no provision to pay them, and significantly expanded the size of the Federal governm...ent - in Bush's last budget (which many blame on Obama incorrectly) the US had a 1.2 trillion dollar annual deficit and we were inevitably headed to the current situation. Spending at 25% of GDP and taxing at 15% of GDP is both overspending and under taxing (when long-term averages of taxation are ~20% of GDP).

How would you reply? Smartass answers welcome along with the serious ones!
Link Posted: 8/11/2011 5:29:37 PM EDT
Originally Posted By inGobwetrust:
He is suggesting that we are "under taxed" in this country. Since over 38% of my income last year was taken from me I respectfully vehemently disagree. Here is his explanation:

In 2001 the CBO estimated that net US public debt would be negative 2.5 trillion. Then George W. Bush cut taxes, started 2 wars with no provision to pay them, and significantly expanded the size of the Federal governm...ent - in Bush's last budget (which many blame on Obama incorrectly) the US had a 1.2 trillion dollar annual deficit and we were inevitably headed to the current situation. Spending at 25% of GDP and taxing at 15% of GDP is both overspending and under taxing (when long-term averages of taxation are ~20% of GDP).

How would you reply? Smartass answers welcome along with the serious ones!


Tax the 51% of Americans who pay nothing to the .gov at 38%, including the poor, rich, and the old. In other words, flat tax. Until then I'd say to get their "progressivist" head out of their ass.
Link Posted: 8/11/2011 5:31:37 PM EDT
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