You're missing the fact that ~$90k/yr puts you in the top 25% and they pay 86% of personal taxes, which then account for only 50% of federal revenue. Everyone under 90k paying no tax would mean the gov would have to cut the budget by about 7%.
This ignores the social security ponzi scheme of course.
You're missing the fact that ~$90k/yr puts you in the top 25% and they pay 86% of personal taxes, which then account for only 50% of federal revenue. Everyone under 90k paying no tax would mean the gov would have to cut the budget by about 7%.
This ignores the social security ponzi scheme of course.
(post is archived)