lol… i know.
10% wouldn’t fund dick.
Assuming that every American spends 100% of his income, a 10% flat tax would generate 490.93 billion dollars for 2006. Bush’s proposal for the FEDERAL budget ALONE for 2006 was $2.57 TRILLION DOLLARS. That EXCLUDES the spending of individual states, municipalities, and extra-budget spending, and that’s the proposal of a conservative executive, NOT the higher budget that congress wanted.
The TOTAL income of every American is estimated at $4.91 trillion dollars. Federal spending alone is over $2.57 trillion annually. We would need a well-over 50% flat tax to generate the same tax income we generate now.