What Does The Government Use Our Income Tax For?
Posted on 02. Oct, 2009 by Matt Leonard in American Politics
Excerpted from here
At a state level your income taxes may being doing what they are supposed to, but at a federal level, they do the same thing they have for a very long time…please, let me copy and paste from
“PRESIDENT’S PRIVATE SECTOR SURVEY ON COST CONTROL” A REPORT TO THE PRESIDENT (Reagan)
…”Resistance to additional income taxes would be even more widespread if people were aware that:
- One-third of all their taxes is consumed by waste and inefficiency in the Federal Government as we identified in our survey.
- Another one-third of all their taxes escapes collection from others as the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding taxpayers, promoting still more underground economy-a vicious cycle that must be broken.
- With two-thirds of everyone’s personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government. “
That’s right, not “one nickel is spent on the services which taxpayers expect…” they are all simply absorbed by THE INTEREST of the Federal Debt…Thank the IRS and Fed Reserve, and of course our govt for being so helpful to them, for taking the time to set up such a great fat money system where no surplus can ever happen, where our actual worth has been turned into nothing but debt).
