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Where Does the Federal Government Get All That Money?

Where Does the Federal Government Get All That Money?

Did you understand that the UNITED STATE federal government accumulates greater than $3 trillion in tax obligations yearly? Where does all that cash originated from? Find out in this brief video clip. Donate today to Prager U! JoiningPrager U is cost-free! Sign up currently to obtain all our video clips as quickly as they’re launched. This video clip becomes part of a collective company as well as business economics task with Job CreatorsNetwork To discover more regarding JCN, see DownloadPragerpedia on your apple iphone or Android! Thousands of resources as well as realities within your reaches. apple iphone: Android: JoinPrager United to obtain brand-new boodle every quarter, unique very early accessibility to our video clips, as well as a yearly To wnHall telephone call with Dennis Prager! JoinPrager U’s message listing to have these video clips, cost-free product free gifts as well as damaging statements sent out straight to your phone! Do you go shopping on Amazon? Click as well as a portion of every Amazon acquisition will certainly be contributed to Prager U. Same fantastic items. Same small cost. Shopping made significant. BROWSE THROUGH Prager U! FOLLOW us! Facebook: Twitter: Instagram: Prager U gets on Snapchat! SIGN UP WITH Prager COMPEL! ForStudents: SgPaX. JOIN our Educators Network! Script:. Every year the UNITED STATE federal government accumulates greater than $3 trillion in tax obligations, as well as nearly fifty percent of that originates from you as well as me, the specific earnings taxpayers. These are the tax obligations that appear of your income or perhaps you pay quarterly. Either means– it’s a great deal of cash, so it deserves discovering more regarding! So below are 5 points you really did not find out about the specific earnings tax obligation:. Number one: The specific earnings tax obligation has actually been the biggest resource of federal government profits because 1950– bookkeeping for 47.3 percent of profits in2016 Number 2: While the name “specific earnings tax obligation” indicates that just specific Americans pay the tax obligation, several local business go through it too. A bulk of local business are established as “pass-through” entities, which indicates that company earnings are consisted of on the proprietor’s specific tax obligation sheet as well as is therefore strained at the specific price which is greater than the prices huge companies pay. Number 3: According to 2016 information from the Tax Policy Center, 44 percent of Americans– or approximately 77 million individuals– do not pay any kind of government earnings tax obligations in all. Number 4: A consolidated 2.6 billion guy hrs is invested annually submitting income tax return. That’s approximately 17 hrs per American tax obligation filer. If time actually does equivalent cash, we’re paying a lot more than we believed to UncleSam And last but not least number 5: According to one of the most current information from the Tax Foundation, the leading one percent of taxpayers add approximately 40 percent of all government earnings tax obligations gathered. And all-time low 50 percent of taxpayers was in charge of much less than 3 percent. That’s a great deal of tax obligations paid by extremely couple of individuals. The specific earnings tax obligation is what makes a lot of the advantages as well as programs supplied by the federal government feasible, yet having actually the price established too expensive can have significant repercussions on the monetary scenario of people as well as their family members, along with general financial development. Small company tax obligation cuts is not a partial concern, it’s an American concern. Both Republicans as well as Democrats ought to have the ability to support regulations that increases work production, elevates salaries, as well as reinforces neighborhoods. It’s a win-win plan.
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Liam Naddell - posted on November 12, 2018 2:29 pm

"Will somebody think about the billionaires?"

Purple Elizabeth - posted on November 13, 2018 7:15 pm

please do a video on where the income tax actually goes. we do not get funding from the income tax. the income tax goes directly to pay back the federal reserve for lending our government money to pay for welfare and other socialist benefits. our taxes never reach the government, but the private corporate bank. lets talk real in terms of what the income tax really is. it is slavery. lets talk freely about abolishing the fed and gaining control of our income and outrageous tax invasion.

John Sergei - posted on November 16, 2018 2:11 am

What about the Grace Commission

Mikey Norris - posted on November 22, 2018 3:14 am

S-corps accommodate small business owner’s tax issues.. Also US tax inefficiencies is technically good for the economy. Paying professionals is still “consumer-spend” ha!

roman noodles - posted on December 1, 2018 11:05 pm

I love finding educational channels. I learn more than I do in school

TANVIR - posted on December 12, 2018 10:31 am

You skipped oil stealing

chuk ezigwe - posted on December 25, 2018 12:23 pm

When in England you have a soccer star N'Golo Kante pay more in taxes than Amazon and Google combined (FACT) then this video wouldn't make sense in England. Warren Buffet tax rate is probably less that the rates of the cleaners in his office. Nah don't think Prager telling the full story on this one, just picking out the bits that support their argument. Don't get me wrong, sometime Prager does make sense, just not this time (no one makes sense all the time)

One Man's Opinion - posted on December 30, 2018 9:15 pm

Thank you for the accurate information the MSM will not show us!!

zepbigfoot bearcove - posted on January 21, 2019 3:31 am

From the magic money machine they keep in the federal reserve. It’s magic y’all. Don’t worry.

Keanu Reeves - posted on February 15, 2019 2:16 am

now aoc wants to tax the rich at 70%

Crazy Cowboy Studios - posted on February 17, 2019 4:56 am

77 million don’t pay any!!! Are those including children?

Kenneth T Bello - posted on February 23, 2019 4:04 pm

this video should be renamed where does the american government get some of their money!!!!!!!!!!!!

Kurtis Mitchell - posted on February 27, 2019 4:55 pm

The government is a scam.

Isabela Frossard - posted on March 10, 2019 5:16 pm

Taxation is theft. That's all for been against it.

Norrin Radd - posted on March 22, 2019 1:42 am

The video only talked about 1 piece of the pie. Is this part 1?

Ben Chesterman - posted on April 19, 2019 9:40 am

Taxing half small and medium business owners profit

Daniel Malloy - posted on May 5, 2019 1:09 pm

47% dont pay federal income tax, BUT they pay FICA and sales taxes, gas, tax etc.

Daniel Malloy - posted on May 5, 2019 1:14 pm

Only Prager U could make poor people feel bad about not paying taxes….eat the rich

owen wang - posted on May 6, 2019 8:35 pm

Anyone k why the 10to5% pay less than the 5to1percent

youth freakzzz - posted on July 14, 2019 6:52 pm

Does Democrats look like donkeys idiot, don't know how to edit ??

Eric Colvin - posted on July 22, 2019 6:49 pm

to be honest, I think the government wants to run you high and dry and leave you with no money save up

never_was_there_ never_was_there_ - posted on August 6, 2019 1:59 pm

Government shouldn’t have all that money and good reasons ( that I can’t say but it’s true ) well kinda but it’s actually a good thing to talk about with them ?

YoWarrior - posted on August 7, 2019 2:21 pm

They Get It From Bugha LOL

Tom McDonough - posted on September 11, 2019 9:58 pm

They seemed to have left-out the most important things about the income tax.
#6) The income tax was designed SOLELY to tax CORPORATE PROFITS.
#7) Wages paid in exchange for individual work performed ARE NOT TAXABLE and are considered by the IRS to be VOLUNTARY.
#8) There IS NO LAW, NOR HAS THERE EVER BEEN A LAW, stating we must pay taxes on personal income.
#9) Not ONE SINGLE NICKEL of the $3 trillion collected for annual income taxes is used to help finance ANYTHING in the United States.

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