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Posts Tagged ‘CBO’

Someone, likely influenced by the high excise taxes on products he was consuming, told me that excise taxes were the biggest source of government revenue.

What does the Congressional Budget Office report? From “The Budget and Economic Outlook: Fiscal Years 2010 to 2020,” published on January 2010:

Individual income tax receipts are the largest source of federal revenue, averaging about 45 percent of the total during the past 40 years. Those receipts and receipts from corporate income taxes (which are the third-largest source of revenue) have accounted for most of the historical variation in total revenues, and they account for most of the projected changes in revenues between 2010 and 2020.

It is the assessment of this author, as well as those in the Tax Honesty Movement, that income taxes, as currently structured in the United States, are unlawful. The reasons are best conveyed to most people in this digitalĀ era by the documentary “America: Freedom to Fascism.” I will elaborate on what I find to be the most compelling reasons for its unlawful nature in a future article.

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