Quote:
Originally Posted by nation-x
#notmeanttobeafactualstatement
Tax receipts for 2010 were $2.162 Trillion
Logic should dictate that if we were taxing people at 100% that number would be more like $8-10 Trillion
According to REPUBLICANS, people earning $100K+ pay around 70% of federal income tax revenues (the top 20% of earners). Considering that 70% of $2.162 Trillion is about $1.5 Trillion you can see how the statement you made was false.
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Your numbers are wrong since as of 2009 there were only around 8 trillion us dollars in the world.
Although unknown.
http://money.howstuffworks.com/how-m...-the-world.htm
Quote:
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All told, anyone looking for all of the U.S. dollars in the world in July 2009 could expect to find around $8.3 trillion in existence.
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Plus I believe the number of 70% includes businesses.
(I was actually hoping to see some hard facts either for or against what he said because I can not find them anywhere lol)