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

Answer 1

US gov't doesn't need to increase income, they need to cutail spending. But, that being said...
It has been shown that if you reduce income taxes, the citizens have more money to spend on things that are taxed, resulting in a higher revenue stream for the government. Also, the less you tax corporations and businesses, the more people they are able to hire, and they hire at higher income levels. Which means people can spend more. Which means there is more revenue.
The income tax makes little or no sense.

Answer 2

via reducing taxes, monetary growth is inspired. This ends up in greater guy or woman and organization paying for capacity. for this reason the tax base genuinely will enhance with out elevating taxes. permit's say you bought a tax destroy and now had an further $a hundred on the tip of the month. permit's additionally anticipate you purely shopped at one million keep. even nonetheless you may save the countless money, lots of it would be spent contained in the keep - which enhances the keep's sales and for this reason, that is taxable earnings. the keep will pay greater taxes, yet on the decrease fee. however the internet consequence is larger sales for the government. Multiply that via seventy 5 million workers and you will see what I recommend. Now evaluate what might ensue if there replaced right into a tax enhance and you had $a hundred. much less to spend each and each month ....

Answer 3

The US government would take in more tax money simply through a growing economy. As revenues increase both individually and corporally, there's more taxes to be collected, even if you simply held tax rates at current values.

Another way to keep more money is to limit spending. Then there's more money left over to do other things, or stash it away for a rainy day.

Answer 4

Actually CUTTING the marginal tax RATE results in MORE tax REVENUE. By allowing people to keep more of what they earn, you increase the incentive to do things that earn money. When the tax base (the total amount of whatever you tax) increases, the tax collected increases as well. Study tax revenues before and after changes in tax rates and you will find this works EVERY time it is tried.