Posts Tagged Tax Holiday
I see Republicans talking about a “tax holiday”. but wouldn’t that be a huge amount of debt?
g asked:
I mean, if you’re not collecting tax dollars, you’re not bringing in income…
I mean, if you’re not collecting tax dollars, you’re not bringing in income…
and we bring in about $2.6 tril in assorted taxes a year… if you stopped collecting the taxes… where does the income come from?
just put it on the debt?
and since, as many Republicans are fond of constantly repeating, the wealthy pay like 70 percent of taxes… wouldn’t this be geared majorly toward the wealthy, which wouldn’t address some of the actual problems?
and that $2.6 tril (or 1.3 trill for a half year) wouldn’t count the projected 1 tril deficit will will also probably have… so that’s like 2.5 to 4 trillion more in debt…