# Tax cuts... **URL:** \ **Category:** PittSpeed Off Topic\ **Created:** [November 14, 2006, 4:59pm UTC](https://forums.speedlife.net/t/tax-cuts/186233 "2006-11-14T16:59:35Z")\ **Posts on this page:** 1\ **Showing post:** 19
**Author:** ![ShalerPunk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/shalerpunk/32/5976_2.png) [@ShalerPunk](https://forums.speedlife.net/u/ShalerPunk)\ **Post date:** [November 15, 2006, 11:21am UTC](https://forums.speedlife.net/t/tax-cuts/186233/19 "2006-11-15T11:21:52Z")
> [@Confessions From A Former Enterprise Rental Salesman](https://forums.speedlife.net/t/confessions-from-a-former-enterprise-rental-salesman/25853/8): > > oh god, the flat 10% tax rate… good to hear the economics majors are in full force today… 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. --- _[View the full topic](https://forums.speedlife.net/t/tax-cuts/186233)._