Comment: Good point but...

(See in situ)


Good point but...

I understand his point, and it's a good one, but those numbers aren't exactly true. Total government spending is roughly $6 trillion while total income in the USA is north of twice that.

And the answer to the question is 10-15% of your income should go to taxes. 15-20% to charity. 15-20% to retirement. The rest on your daily expenses and savings. Today we are at roughly 40% of GDP being government spending and we have nothing to show for it.