...and the national debt would be paid off in less than 81 years, would you do it?
There were 307,006,550 people counted in the 2009 census.
If 57% are paying taxes, and 43% are not, then what would happen if the non-payers paid 500.00 at the end of each year, and the other 57% paid just 600.00 more? (Sure beats the average 1500-1900 more we'd be paying if the tax cuts expired)
That would generate approx. 171,002,648,350 dollars per year! That would pay the national debt off in about 81 years. That's not even considering the amount of taxes already paid in, that could go toward the debt if it wasn't being spent the way it is now.
600.00 per year would be 50 per month
500.00 is about 41.00 per month.
Is it worth it to spend that much each month to get our country out of debt? It is to me, IF I believed that that's where the money would go! Unfortunately, I'm afraid the folks on Capitol Hill would see all of that money coming in and think it was payday. I digress.
Answer by Anonymous at 8:48 PM on Dec. 6, 2010
Answer by UpSheRises at 8:48 PM on Dec. 6, 2010
Answer by m-avi at 8:49 PM on Dec. 6, 2010
Like you said, there is no guarantee that the money would be used for this. I have a hard time agreeing to any tax increases simply for the fact that I think we are padding the politicians' pockets way too much already.
Answer by scout_mom at 8:49 PM on Dec. 6, 2010
Answer by Anonymous at 8:49 PM on Dec. 6, 2010
Answer by jewjewbee at 8:52 PM on Dec. 6, 2010
I would gladly pay 600 more a year. I would want it to be invested in helping the economy right now, then we can worry about the deficit. There are some people that 41$ a month would put a strain on their financial situation. So I don't think they could do it, but I would be glad to.
Answer by mommom2000 at 8:55 PM on Dec. 6, 2010
Answer by Anonymous at 9:00 PM on Dec. 6, 2010
Answer by jewjewbee at 9:00 PM on Dec. 6, 2010