Paying off the National Deficit

Seems impossible, right?

WRONG

We can look at this mathematically…

By just doing some research online, you can find that this

is possible

IF EVERYBODY

CHIPS IN!

Click on the link below…

to sign a petition

OKAY

Here’s how the math

works

According to NPR.org, last year the government collected

$1.1 TRILLION dollars

This money was JUST from individuals

NOT CORPORATE

NOT PAYROLL TAX

JUST FROM INDIVIDUAL INCOME TAX

NOW

What does this mean?

Let’s take a look at the total personable income made in

the USA last year

According to UNM.edu, the TOTAL PERSONAL INCOME

last year for the USA was$12,949,905,000,000

Or to translate,$12 Trillion!

So, to recap, out of $12 Trillion

Only $1 Trillion went to the government

Or approximately

12.95%

Feels like it is a lot more out of your paycheck,

right?

But, most of us get a

government tax return

Which who doesn’t look

forward to?

ANYWAYS

TO GET BACK ON TOPIC

According to BLS.gov, there is approximately 240 MILLION employed people in the USA.

That is the Civilian Noninstitutional Population

OR YOUR AVERAGE JOE

You, and Me

This means, out of the $12 Trillion made every year by us

Out of 240 Million employed, the average person makes

about $54,000 a year

Now, I don’t make that, I make far LESS than that

BUT THAT IS THE STATISTICS

So HERE is where the

math comes together

My idea is to put in place a TEMPORARY

Debt Tax

If we put in place a 10%

TAX

Just to pay off the deficit

Which is currently over

$16 Trillion

And not use this TAX for ANY OTHER

PURPOSE

We would have the deficit PAID OFFin 13 Years

Did I read that right?

YES, you did.13 Years.

This tax would not affect the current

tax table

So, people that are struggling

(poverty line)would not pay this tax

It only would apply toTAXABLE INCOME

And here’s the math if you don’t believe me.

240 Million Employed$12 Trillion Income

10% Debt Tax =$1,294,990,500,000

collected A YEAR

Or roughly$1.3 Trillion collected for the 10% Debt Tax

What is our current deficit?

Over $16 Trillion?

$1.3 Trillion x 13 Years

$16.9 Trillion

That sounds like enough to pay off the

deficit, doesn’t it?

This would mean America would be

back in the hands ofAMERICANS

And not foreign countries

Please sign the petition in the link

below if you believe in this cause.

We only have untilFeburary 14th, 2013 to

get 100,000 Votes.

Thanks for watching!