Sunday, November 25, 2012

IS THAT A TURKEY BONE IN YOUR THROAT?

INTEREST ON THE FEDERAL GROSS PUBLIC DEBT OF 14,764.2 TRILLION IN 2011 WAS $454 BILLION DOLLARS!  WHAT IS THE PERCENT OF  INTEREST ON THE TOTAL DIRECT REVENUE OF $2,303.5 TRILLION?  THE PERCENTAGE IS 20%.

THE INTEREST AS A PERCENTAGE OF INCOME TAXES IN 2011 WAS 42%.  SO, 42 CENTS OF EVERY DOLLAR RAISED IN INDIVIDUAL INCOME TAXES WAS PAID IN INTEREST!

OF SOME CONCERN IS THAT THE CORPORATE TAX REVENUES ARE ONLY $181 BILLION OR JUST 7.9% OF THE DIRECT REVENUE.  

SO LET'S THINK THIS THROUGH … WHERE WILL THE DIRECT REVENUE (TAXES) COME FROM … CORPORATIONS OR INDIVIDUALS … ?

CLICK HERE FOR THE SOURCE