IRS Taxstats 2009

[Jeff Tumbarello]

The 2009 summary of US income and taxation
http://www.irs.gov/pub/irs-soi/09in11si.xls

To balance just one year's Federal budget, everybody's income tax would have to AVERAGE 50% to just break even with spending. To actually pay down the Federal debt, add whatever you'd care to add to reduce the balance due.

Since the lower-income 49% of the nation's "taxpayers" pay no Federal Tax, the actual rate on the rest would have to be 100% or greater to even touch the problem. That's not the "millionaires", that's EVERYBODY who pays income tax today.

Note taxes paid were only $865MM, nowhere near the outflows seemingly based on inflows. The balance of tax revenue comes from many sources (import duties, corp taxes, fuel/excise, etc.), generally bringing in a total of something around $2T/year as a near-term historic average

Now play with the rest of the data at will -the answers won't be mood-enhancing, but they'll sure be enlightening.

PS: "THEY" ALL KNOW THIS - every single "guru" making statements without a shred of basis knows this and many other absolute facts of the current debacle and the folly of any level of taxation as its cure.

the problem's quite clear, the answer is even more clear - SPENDING is the problem.

:idea: :lol: :cool: