Quote:
Originally Posted by ZuneIt
During FY2014, the federal government collected approximately $3.02 trillion in tax revenue, up $246 billion or 9% versus FY2013. Primary receipt categories included individual income taxes ($1,395B or 46% of total receipts), Social Security/Social Insurance taxes ($1,024B or 34%), and corporate taxes ($321B or 11%). Other revenue types included excise, estate and gift taxes.
Notice that SSI taxes was 73.4% of all individual income taxes in FY2014. The SSI taxes is what keeps this country from bankruptcy, since it still has a surplus. When Clinton claimed to have balanced the budget, it was because the surplus of SSI taxes made up for the deficit in spending. In exchange, the govt. gave us pieces of paper that said "I.O.U." & when the interest is due, gives us another piece of paper that says "I.O.U."
The defense budget is money well spent. Do you want to have another World War without the United States taking the lead. The wages of our defense contractors are probably 5X the average of these other countries.
The U.S. dollar, stock certificates, debt, and home mortgages are all IOUs. They are all unit of account or record keeping. Home mortgage debt is really no different that SSI debt. That is why SSI checks are so small, mismanagement.
I will vote Hillary or Sanders over Ted Cruz. When you say you want to transfer land to Nevada, what you are saying is you are giving the fishing, hunting, camping, solar, water, and grazing rights to some rich arrogant ranchers. The BLM generates a profit for the U.S. and that does not include all their revenues. There is plenty of land East of the Mississippi for Bundy and his posse of clowns to go if they want private land. But there they have to buy it, from some other hick that believes in private ownership of land.