Quote:
Originally Posted by knobish
If you want a really nice picture of our long term financial position, especially dealing with taxes, lookup and read the grace commission report.
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I could not resist adding perspective.
http://wearechangecoloradosprings.or...ission1984.pdf
"Resistance to additional income taxes would be even more widespread if people were aware that:
-One-third of all their taxes is consumed by waste and inefficiency[stolen] in the Federal Government as we identified in our survey.
-Another one-third of all their taxes escapes collection from others as
the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding tax payers, promoting still more underground economy -- a vicious circle that must be broken.
-With two-thirds of everyone's personal income taxes wasted or not collected 100 percent of what is collected is absorbed solely by interest on the Federal debt and by the Federal Government contributions to transfer payments. In other words,
all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government"
And thats why I'm moving to Holland at the first opportunity