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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Knighty Tin who wrote (24513)	1/12/2005 5:10:00 PM
From: Elroy Jetson	Read Replies (1) of 110194

Have you ever wondered why the Federal income tax raises only 7.5% to 8.0% of all income in America? How did you get your Federal tax up to 35%? Most income earned by Americans is not taxed. Only a small portion of that non-taxed income is earned by the poor. If everyone paid income tax on *ALL* of their income without deductions, a flat tax would be 8% or a very progressive tax rate could top out at 15%. Did you know that the Monetarist Tax, the periodic additions to the money supply by the Federal Reserve which subsidizes the banking system and borrowers, raises more tax money from savers than all collections by the income tax. .

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