Ernst & Young Reports US 64B Q1 Spending Says Levy from CNBC
The US has been in a recession for the past 7 years and it’s time to stop spending money that we don’t have. President Trump is trying to cut taxes and reduce government spending but Congress is blocking his efforts. The Q1 Levy from CNBC will be $132.6 Billion and 51% are going to the IRS, $30 Billion to the State, $18 Billion to Localities, and $7.6 Billion on a Tax Cut Plan. The top 15% will pay an average of $26,000/yr.”
Ernst & Young has released their Q1 Tax Rates for the United States.
Ernst & Young has released their Q1 Tax Rates for the United States.
The company says that it expects to see a slight increase in its tax rate this year, due to an expected increase in corporate taxes as well as higher personal income tax rates on high earners.
The company expects that some US companies will be subject to an effective rate of 25 percent or more under current laws and regulations, which could lead to a hike in the federal revenue collected from corporations this year.
The Q1 Levy from CNBC will be $132.6 Billion and 51% are going to the IRS, $30 Billion to the State, $18 Billion to Localities, and $7.6 Billion on a Tax Cut Plan.
The Q1 Levy from CNBC will be $132.6 Billion and 51% are going to the IRS, $30 Billion to the State, $18 Billion to Localities, and $7.6 Billion on a Tax Cut Plan.
The top 15% pay an average of $26,000/yr while the bottom 60% pay an average of $21,000/yr. The top 1% pay an average of $1,000,000/yr while the bottom 60% pay an average of $21,000/yr. The top 15% pay an average of $26,000/yr while the bottom 60% pay an average of $21,000/yr.
The top 15% will pay an average of $26,000/yr. The bottom 60% will pay an average of $21,000/yr.
Ernst & Young has released its first-quarter spending report, and it shows that the top 15% of Americans are paying more than the bottom 60%.
The top 10% of earners pay $26K/year for their health care and other benefits. The bottom 60% pay only $21K/year–and may not be able to afford these out-of-pocket expenses at all!
The US needs to make some changes
The US needs to make some changes.
The US needs to cut spending.
The US needs to cut taxes.
The US needs to find a way to make the tax system more fair and efficient.
Conclusion
The US needs to make some changes. It should reduce the number of people in high-tax states and lower the salaries of government employees. The next step is cutting military spending, which will also result in lower taxes for everybody else on Earth (and no wars). This will happen if we stop having a tax system based on wealth redistribution instead of ability level.
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