listen here

Or you can mail donations to Henry Shivley at P.O. Box 964, Chiloquin, OR 97624

President’s Private Sector Survey On Cost Control -1984

President’s Private Sector Survey On Cost Control
A Report to The President (Reagan)

January 15, 1984. Available from the Congressional Research Service. The excerpt below can be found on page 12.   

  • “Importantly, any meaningful increases in taxes from personal income would have to come from lower and middle-income families, as 90% of all personal taxable income is generated below the taxable income level of $35,000.
  • Further, there isn’t much more that can be extracted from high income brackets. If the Government took 100% of all taxable income beyond the $75,000 tax bracket not already taxed,
    it would get only $17 billion, and this confiscation, which would destroy productive enterprise, would only be sufficient to run the Government for several days.
  • Resistance to additional income taxes would be even more widespread if people were aware that:
  • With two-thirds of everyone’s personal income taxes wasted or not collected, 100% of what is collected is absorbed solely by interest on 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.”
This entry was posted in News. Bookmark the permalink.
891

One Response to President’s Private Sector Survey On Cost Control -1984

  1. will E coyote. Super genius says:

    And yet these heathens are walking around alive?

Leave a Reply

Your email address will not be published. Required fields are marked *