Quote:
Originally Posted by TheMercenary
And added up, we would have much more in income collected..
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Got a cite for that...or is it just fuzzy math?
I have not seen any reliable source that would suggest a flat tax at a 20% rate of wages (with or w/o non-wage income like capital gains) would come close to covering even the basic current costs of defense, payment on debt and entitlements (combined nearly $2 trillion/year)...and that excludes any discreationary spending on domestic programs.