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Originally Posted by noodles  The whole idea of stimulating the economy by increasing our debt is a joke. |
It really won't make much of a difference either way. One of the big misconceptions out there is that Income Taxes are a large percentage of the government revenue. It's actually around 40%. On top of that, even though the vast majority of tax payers will be getting refunds, those that do account for over 50% of Personal Income Tax Revenue won't be getting anything. I'd have to do some research to see just what percent of Personal Income Tax Revenue is really being returned.
Another point to note is that the Personal Income Tax Revenue is pretty much equal to the amount the budget has increased since the early 90's. Could you live with the level of government service from the '90's?
Ray