Why we do not need income taxes

Why an Income Tax is Not Necessary
to Fund the U.S. Government

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Devvy Kidd
Originally published and copyrighted in June 2001
Changes in text (c) 2005

Can this statement possibly be true? In order to answer this question, Americans must first understand what is the source of the money that funds the government and where it goes. Contrary to the sound bites issued by the two mainstream political parties, the reality of how the system actually works will not only open your eyes, but hopefully stimulate the American people to demand that the thievery underway come to an end.

Where do your "income" tax dollars go?

The best place to look for an answer to this question would be a government report, so let's take just one at random:

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.

Pretty self explanatory for anyone who cares to read this.

SOURCE

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here is another good link for a little further understaning...

www.rayservers.com...

Thanks for the link. I will surely read it as well, when I get through the entirety of this one... there are lots of links on the end of that source I posted.