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Originally Posted by Spexxvet
I think you need to be specific. How much income and what tax rate, specifically?
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Quote:
Originally Posted by lookout123
The very least amount necessary to cover the expenses. Of course, those expenses should be lowered as we cut unnecessary programs and fraud, waste, and abuse from the budget. I'm fairly certain I've convered that somewhere.
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Good answer lookout. That's the best possible answer at this juncture. No one knows what the expenses will be, nor what the revenue will be. Living within our means is the goal here, and I believe that should be undertaken from BOTH directions.
Related, but also bothering me---
I hear lots of conversations about taxes. And two very common themes are debt reduction and revenue neutrality. These two ideas are not interchangeable. They're different. And anyone, even Paul Ryan, who suggests that our debt reduction can be achieved by revenue neutral actions alone is wrong. Our government needs revenue. To suggest otherwise ridiculous. And our debt can not be retired without increasing that revenue.