27 online
Most Popular Choices
Share on Facebook 12 Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds   

Does the U.S. Government spend all our income?

By       (Page 1 of 1 pages)   1 comment
Follow Me on Twitter     Message Zak Maymin
Become a Fan

This was also published on www.publicani.com. 

It looks like the U.S. Government takes in taxes at least about 50% of the national income, and borrows another 50%. If this is true, it means that the entire national income - everything that we earn - the government spends on the project it deems important, such as Iraq.

It’s pretty serious. I’ll tell you what my sources are - please let me know if I am making a mistake in my numbers.

The first quote is from Harry Browne, who referred to the U.S. Census Bureau:

“Today federal, state, and local taxes consume 47% of the national income. “

In fact, it is a very conservative estimate because it is based on the year 1995, after which the government publications stopped publishing this series. I suspect the percent of the government intake did not become smaller after the nineties.

Another reference is from another Brown, Gordon Brown:

“Net debt is now … 47% in America,…”

Where do I go wrong?


Rate It | View Ratings

Zak Maymin Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Dr. Maymin is the author of Publicani ($7.95)................... "A Riveting, Entertaining Read Publicani is not a book to pick up lightly. It is a riveting page turner that could, if it affects you like it affected me, (more...)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Cheburashka Scheme: Obama's Publicani Are Asking for Tools

Six simple steps to fix our healthcare

The Giuliani Connection to the TASER Abuse Explosion

Nine Best Arguments Against Obama on Torture and Why I Support Him

If you are pro-life or pro-choice, watching this will make your blood boil. Nothing to do with abortion.

Passover, Tea Parties, Slavery, and Redistribution

To View Comments or Join the Conversation:

Tell A Friend