# 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:** 20
**Author:** ![Blackbelt](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blackbelt/32/5998_2.png) [@Blackbelt](https://forums.speedlife.net/u/Blackbelt)\ **Post date:** [November 15, 2006, 11:39am UTC](https://forums.speedlife.net/t/tax-cuts/186233/20 "2006-11-15T11:39:24Z")
> [@Someone from here?](https://forums.speedlife.net/t/someone-from-here/25839/38): > > 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. That isn’t true, since we generat that much with the current tax system. What you fail to take into account is the ‘underground economy’, that does not pay any tax…however it would under a national sales tax. One thing that is VERY clear from your number though, is that those asswipes spend WAY the fuck too much of our money --- _[View the full topic](https://forums.speedlife.net/t/tax-cuts/186233)._