Should be scrap the IRS and the Federal Income Tax?

Question

The amount of money collected from private individuals through the Federal Income Tax is about the same amount as the INTEREST on the debt. If we weren't deficit spending, we wouldn't even need a Federal Income Tax! Isn't it time we held politician's feet to the fire and FORCED them to do what we all have to do? Create a BALANCED BUDGET? (By the way, Ron Paul is the only candidate who has never voted for an unbalanced budget!)

Answer 1

I'm a very strong supporter of Ron Paul and I'm about as liberal as you can get. If the Republicans nominate him I will vote for him hands down.

Answer 2

If Ron Paul can abolish the Federal Reserve, the government would have to create it's own money and they'd have spend "within their means". In that event, we'd have no debt and no need for an income tax.

Ron Paul all the way in '08

Answer 3

Note that a "balanced budget" requires drastic cuts in government spending, which would reduce services that people have come to expect.

And I'm not sure how you figure that even that would eliminate the need to collect taxes. The "interest" you refer to is on the EXISTING accumulated deficit, not on each year's deficit.

Answer 4

Yes. IRS regulations cause every individual, partnership, and corporation in the country to maintain a false set of books that does not clearly reflect those entities financial status. This causes all banks, including the Federal reserve to improperly evaluate everyones financial situation.

Answer 5

Great idea!