Doing some quick google searches, government taxes collected in 2018 were about 225 billion. Another google search suggests that the 2020 deficit is projected to be 340 billion. So every personal and corporate tax rate at every bracket would need to go up 50% for 2020 if we wanted money to be ‘fine’
Might not work out quite like that because the free money being handed out is all taxable itself.. But theoretically most of the free money is given to people who are in the lower tax brackets or possibly non taxable.
I’ve suggested before that the people who really […]
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