How to Collect $1.4T in Unpaid Taxes
nytimes.com
How to Collect $1.4T in Unpaid Taxes
1–10 of 12 posts
Re: How to Collect $1.4T in Unpaid Taxes
#2Or we could cut federal spending back to the Clinton eras 19% of GDP, instead of the bloated 25-30% it’s been since GW Bush.
Re: How to Collect $1.4T in Unpaid Taxes
#3> Unreported income is the single largest reason that unpaid federal income taxes may amount to more than $600 billion this year, and more than $7.5 trillion over the next decade. It is a truly staggering sum — more than half of the projected federal deficit over the same period.
Wow, even managing to collect 100% of these taxes would still result in the US adding 7.5 trillion to the debt.
Re: How to Collect $1.4T in Unpaid Taxes
#4> Unreported income is the single largest reason that unpaid federal income taxes may amount to more than $600 billion this year, and more than $7.5 trillion over the next decade. It is a truly staggering sum — more than half of the projected federal deficit over the same period. Wow, even managing to collect 100% of these taxes would still result in the US adding 7.5 trillion to the debt.
I read it as saying that collecting 100% of federal income taxes would add $7.5 trillion in revenue over the next decade
Re: How to Collect $1.4T in Unpaid Taxes
#5Or we could cut federal spending back to the Clinton eras 19% of GDP, instead of the bloated 25-30% it’s been since GW Bush.
Clinton flew on convicted sex trafficker and pedophile Jeffrey Epstein's Lolita Express 26 times. Bill Gates also visited the island several times. Lets pretend that Democrats are great people and ban anyone who disagrees.
I expect this comment to be shadow banned immediately.
Re: How to Collect $1.4T in Unpaid Taxes
#6Or we could cut federal spending back to the Clinton eras 19% of GDP, instead of the bloated 25-30% it’s been since GW Bush.
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Re: How to Collect $1.4T in Unpaid Taxes
#7Or we could cut federal spending back to the Clinton eras 19% of GDP, instead of the bloated 25-30% it’s been since GW Bush.
There’s no dichotomy here. We could collect the unpaid taxes and reduce spending.
Re: How to Collect $1.4T in Unpaid Taxes
#8Or we could cut federal spending back to the Clinton eras 19% of GDP, instead of the bloated 25-30% it’s been since GW Bush.
Why do people respond to the taxation of the wealthy by suggesting that we cut spending?
The apologist approach to the taxation the wealthy is just baffling.
The rich have been allowed to accumulate wealth because of tax laws that favor them.
Re: How to Collect $1.4T in Unpaid Taxes
#9Or we could cut federal spending back to the Clinton eras 19% of GDP, instead of the bloated 25-30% it’s been since GW Bush.
Why do people respond to the taxation of the wealthy by suggesting that we cut spending? The apologist approach to the taxation the wealthy is just baffling. The rich have been allowed to accumulate wealth because of tax laws that favor them.
The rich accumulated wealth because they earned it. You are angry that our tax laws didn’t take as much as it could from them.
Still doesn’t change the fact that federal spending is out of control.
Re: How to Collect $1.4T in Unpaid Taxes
#10> Unreported income is the single largest reason that unpaid federal income taxes may amount to more than $600 billion this year, and more than $7.5 trillion over the next decade. It is a truly staggering sum — more than half of the projected federal deficit over the same period. Wow, even managing to collect 100% of these taxes would still result in the US adding 7.5 trillion to the debt.
Not sure where you’re getting that, it’s saying there is more than $600 billion in income going unreported (untaxed).