PH408014@BROWNVM.BITNET (Tim Johnson) (02/08/90)
Jimbo -
I'm looking for a follow up. At one point you suggested
that the government actually derived only a small fraction
of its income from personal income taxes. I remember seeing
an article in our Providence journal suggesting that the
total from personal income tax was upwards of 40% of the income.
(Perhaps more...my memory is hazy on this.)
The issue came up when you were discussing how you would
realistically reduce taxation.
Could you please back that up, or tell me I'm delirious and
didn't really hear you say that at all....
-TimJWALES3@UA1VM.BITNET (Jimbo) (02/09/90)
On Wed, 7 Feb 90 22:44:14 EST Tim Johnson said: >Jimbo - > At one point you suggested >that the government actually derived only a small fraction >of its income from personal income taxes. I remember seeing >an article in our Providence journal suggesting that the >total from personal income tax was upwards of 40% of the income. >(Perhaps more...my memory is hazy on this.) > Could you please back that up, or tell me I'm delirious and >didn't really hear you say that at all.... > > -Tim O.k. The number I had was something like 30% of government revenue. I could chop that much out of the budget in about 5 seconds. I got the number from Libertarian propaganda, though, and freely admit that it may be wrong. --Jimbo
MARK@UCF1VM.BITNET (Mark Woodruff) (02/10/90)
In article <90039.1654.JWALES3@UA1VM>, Jimbo <JWALES3@UA1VM.BITNET> says: > >O.k. The number I had was something like 30% of government revenue. The figure I saw in a summary of '91 budget was that 42% of the federal gross revenue comes from personal income taxes. mrk