Talk of The Villages Florida - View Single Post - The Federal Deficit
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Old 11-04-2019, 08:07 AM
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Quote:
Originally Posted by xNYer View Post
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.
Where do you think those individuals get their income to pay income and payroll taxes? They get it from the profit made by corporations and other businesses. Or, if they are Government employees, they get their income from the Government who got it from corporations and other private businesses. I think that almost all wealth and income in the country comes from the profits made by private businesses.