The IRS collects about 1.2 trillion from personal income taxes.
The real stimulus would be to eliminate these taxes for 12 months putting 1.2 billion back in the hands of taxpayers. While this won't give a tax credit to those who haven't paid into the system (also known as welfare or a hand out), it will give taxpayers money to pay their bills, buy new cars, maybe afford a house, etc.
Unfortunately, this would not allow our POTUS to own car companies, banks, etc. I'm pretty sure that if SEIU, Teamsters, and other unions like this idea it would be promoted in a hearbeat.
By the way (and on a different subject), I don't like Pelosi because she's a liar and a socialist, but because she's white (that's for Al).
Rick
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ILIAA
Training, Community, Support, and Success
Independent Life Insurance Agents Assn
rick@iliaa.org
Last edited by GreenSky : 09-22-2009 at 03:00 AM.
Reason: corrected the dollar amount they steal from us
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