2 votes

Does the income tax really only cover 38% of the budget?

One of my favorite Ron Paul interviews was the one he gives in 1988 while running for president as a libertarian. In this particular interview he mentions that the income tax only covers 38% of next year's budget. That was 1988. My question is, is that still the case? And where can I go to find evidence to support this?

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Good video - short, concise & to the point

http://www.youtube.com/watch?v=EW5IdwltaAc

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

I like OMB and the tables at

I like OMB and the tables at the link below. Personal federal income taxes as a percentage of revenues or expenses vary depending on whether you count social security.

http://www.whitehouse.gov/omb/budget/Historicals

10-15 million more voters need to believe in non-interventionism (liberty) at home and abroad to change America. Minds changed on Syria. Minds changing on privacy. "Printing money" is part of the dialogue. Win minds through focus, strategy.