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Essay

Surplus

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Issue:

Business

 

Written by:

Theresa S

 

Date added:

August 17, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 725

 

Was viewed:

2142 times

 

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Essay content:

When President Clinton took office, federal Taxes consumed 17.8 cents out of every dollar earned in the United States. Now the federal Government's take is 20.6 cents out of every dollar. (USA Today) Budget projections indicate that over the next ten years, the federal government will have huge budget surpluses totaling about $3 trillion...
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If we have a surplus at a high tax rate, why can't the government take what it needs and lower the tax rate? We need to lower taxes to a rate where the government does not take more than it needs. An example of how these types of practices are unheard of anywhere else is as followed; If I were to go to a bank and ask for a car loan of $10,000 and the car only costs $8,000 the bank would demand that I lower the loan amount to $8,000...
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