Also only a tiny percentage of the IRS's income is from individuals who make less than $100k/yr. So little that it's not at all necessary to tax those people.
This is something I forgot about when I made the post. Much more tax revenue from the rich and from business small and large (i.e those that will not go along with a tax rebellion).
Edit: Actually this doesn't pan out. Top %ers pay more, but their numbers are so much less so revenue is less. Look at the Income taxes paid and Share of taxes paid rows:
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)