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CREATED BY chris • LAST EDITED BY chris 6030 days AGO
John Walker: 'One of the most striking examples [in Ron Paul's book] is the discussion of abolishing the personal income tax. "Impossible", as other politicians would immediately shout? Well, the personal income tax accounts for about 40% of federal revenue, so eliminating it would require reducing the federal budget by the same 40%. How far back would you have to go in history to discover an epoch where the federal budget was 40% below that of 2007? Why, you'd have to go all the way back to 1997!'
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