How can the U.S. government increase their yearly income without taxing its citizens even more?

Answer 1

conquer other nations.

Answer 2

By reducing taxes, economic growth is stimulated. This results in more individual and business purchasing power. Therefore the tax base actually increases without raising taxes.

Let's say you got a tax break and now had an extra $100 at the end of the month. Let's also assume you only shopped at 1 store.
Even though you would save some of the money, much of it would be spent in the store - which boosts the store's revenue and therefore, it's taxable income. The store will pay more taxes, but at the lower rate. But the net result is higher revenue for the government.

Multiply that by 75 million workers and you'll see what I mean.
Now consider what would happen if there was a tax INCREASE and you had $100. Less to spend each month ....

Answer 3

The government collects revenue from a variety taxes and fees. These taxes and fees are paid by citizens and non citizens also businesses that do business in the United States. The best thing the American Government can do is cut program spending to a level that can be paid for by the taxes and fees it levees. It must stop borrowing because when the government borrows it must pay the debt with interest. This comes from future earnings because of the size of our national debt and our deficit spending. It's like if you have a savings account and a checking account. When you get income you put some in checking for expenses and some in savings for the future, but when you over spend your checking account and borrow from your savings you are jeopardizing your future. If you borrow to much and cannot pay it back you are in danger of going bankrupt. When you try to live on borrowed money you are living on borrowed time. Everything comes due, and most likely when you are not ready.

Answer 4

First and foremost, decrease salaries of our elected officials by 20% or more. They make too much for the little they do. I say they do little because of all the down time, missed votes, vacations, and special interest activities. Start with the President and work down the list.
Second, take away the special "perks". They should pay for any services they use.
TAX the big businesses! Really tax them, no loopholes and no way to pass the tax to the consumer. Any company that posts billions in profits should be subject to a much higher tax bracket, without the comsumer footing the taxes.
Stop the "special interest" spending. Pass a bill and only a bill; not a bill with some senators campaign promise attached.
Stop our elected officials from voting themselves a pay raise and take away those ridiculous perks. Put them on a pay for performance system. If you do that, not one of them would draw a full paycheck, thereby saving money.
No need to estasblish committees and pay them to research the wants and needs of the public. Just listen to them.
Stop sending money to every country that has problems and start making those countries that owe the U.S. money pay it back.
Bottom line: Listen to the pulse of this country. Pay attention to what the American public has been saying for years.

Answer 5

Unfortunately there are only two ways to increase income: Raise taxes or cut spending. SInce the wealthiest top 2 percent of Americans already control the majority of the wealth in America, giving them any more tax cuts is not the answer. Bush has made sure the gap between the wealthy and the poor continues to grow when he did this. The republicans will cut spending, but they only want to do it the areas of social programs, education, health care, etc. To summarize, there really is no good answer. One area of another gets hit unfortunately....

Answer 6

Stop waging unneccesary wars.

No pensions and free health care to retired politicians. Let them invest in their own 401K and use medicare like everybody else.

No more corporate welfare of any kind.

Abolish the IRS and institute a flat sales tax. Turn over health care, education, social services and transportation to the states. Let the states keep most of the tax money (to be fair, put it all in a pool and divvy it up according to the population of the states, so that richer states do not have an advantage over poorer ones) and give the feds an allowance to cover basic expenses and national security (and I do mean national security - not nation building)

The federal government is bloated and corrupt. Bulldoze Washington D.C.

Answer 7

They can't, the US government's income comes from taxes alone, so its impossible. Balancing the budget better is not a solution, it doesn't increase income, only prevents wasteful outcome.

I suppose they could do things to increase American's income without raising taxes; the increased income translates to more total taxed income.

Answer 8

Unless there is a major increase in imports (and therefore a major increase in duties, tariffs etc) then creating more income (and I'm going to assume you mean spending money) is by borrowing - from the Federal Reserve.

Too bad the taxpayers foot the bill for that one through inflation.

Answer 9

1. Eliminate loopholes in tax code which benefit high incomes.
2. A flat tax would help insure all people paid their fair share.
3. A National sales tax.
4. Ask us what where we want our tax money to go.
5. Eliminate lobbyists and PAC's
6. Better control government wasteful spending.

Answer 10

By reducing spending.
Reduce foreign aid.
Reduce defense spending
Stop rebuilding Iraq and divert the money to the US infrastructure.
Reduce the size of the Government bureaucracy.
Privatize things like the Prisons and Health care.

Answer 11

Stop our good-paying jobs from going overseas. The higher our income, the more they'll make in taxes without increasing the percentages.

We have Clinton and NAFTA to thank for the hemorrhaging of our manufacturing jobs. That's what got the ball rolling.