Quote:
Originally Posted by retiredguy123
I think that one thing that some people don't seem to understand is that almost all tax revenue comes from private businesses that make a profit. Our Government does not generate income. So, any taxing policy to raise revenue must take into account that it cannot prevent or impede private businesses from succeeding, or you will lose your income source.
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About 48 percent of federal revenue comes from individual income taxes, 9 percent from corporate income taxes, and another 35 percent from payroll taxes that fund social insurance programs. The rest comes from a mix of sources.