Re:A majority of Americans support raising the top tax rate ...
by thatoneuser on Wednesday January 16, 2019 @04:11PM
(#18925303)
Doesn't seem like much of an impact then.
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Re:A majority of Americans support raising the top tax rate ...
by ceejayoz on Wednesday January 16, 2019 @04:16PM
(#18925348)
The government is currently shut down over a $5B disagreement, so I'd say $72B isn't something to scoff at.
Re:A majority of Americans support raising the top tax rate ...
by Jach on Wednesday January 16, 2019 @04:40PM
(#18925604)
The disagreement would likely persist even if it was $5M. I haven't heard anyone object to the issue because of its price. The US government spent $4T last year. So yeah, an extra $72B does seem like a drop in the bucket.
Re:A majority of Americans support raising the top tax rate ...
by ceejayoz on Wednesday January 16, 2019 @04:44PM
(#18925673)
7-8% of our budget deficit is not a small number. $72B would let you triple the NIH's budget, quintuple NASA's...
Re:A majority of Americans support raising the top tax rate ...
by Jach on Wednesday January 16, 2019 @04:51PM
(#18925764)
Looked at from the deficit, I suppose. Though I'm not persuaded by arguments based on what extra funds could do; there's a lot we could do by just rearranging the already ginormous amount the government collects. It's not going to happen, though.
Re:A majority of Americans support raising the top tax rate ...
by samdunham on Wednesday January 16, 2019 @10:03PM
(#18927966)
You don't actually think that's what they would do with the money, do you?
Re:A majority of Americans support raising the top tax rate ...
by dogma1138 on Wednesday January 16, 2019 @06:07PM
(#18926481)
$72 billion is more than the GDP of some EU member countries.
Re:A majority of Americans support raising the top tax rate ...
by CaptainJustin on Thursday January 17, 2019 @07:58AM
(#18930419)
If the government received [1] $3.422 trillion in revenue last year, this could increase it at most by 2%.
I'm not convinced they could achieve much with 2% more.
[1] https://www.thebalance.com/u-s-federal-budget-breakdown-3305...