Cost of tax cuts
Posted on:: September 11th, 2003
According to a column by Scot Lehigh in the Boston Globe:
Phasing out the estate tax alone, for example, will cost the treasury $138 billion over 10 years, notes Robert McIntyre, director of Citizens for Tax Justice. Rate reductions for families earning more than $225,000 will equal $81 billion over three years, adds McIntyre, while the new break for dividend income will reduce the federal coffers by $70 billion over the same period.
Those are some big numbers.
Categories: Uncategorized dw
It’s about time! The Federal Government does not have the right to use our tax money for anything other than the purpose of protecting our borders – national defense and having a court system to determine cases between states.
Time for a simple consumption based tax system that collects for the Feds and all states.