# 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:** 23
**Author:** ![beat90tsi](https://avatars.discourse-cdn.com/v4/letter/b/43a26b/32.png) [@beat90tsi](https://forums.speedlife.net/u/beat90tsi)\ **Post date:** [November 15, 2006, 1:05pm UTC](https://forums.speedlife.net/t/tax-cuts/186233/23 "2006-11-15T13:05:00Z")
> [@Someone from here?](https://forums.speedlife.net/t/someone-from-here/25839/38): > > 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. He said 10% may not be right, and the elimination of the IRS and other “tax” organizations would reduce the budget significantly, the whole point of the flat tax is to eliminate waste so we do not need the same tax income we generate now. Do you know how much we spend collecting taxes? Oh yeah, most Americans spend MORE than they make. --- _[View the full topic](https://forums.speedlife.net/t/tax-cuts/186233)._