Doing some math on break-even points for a federal flat percentage income tax with a dollar value offset. Most numbers pulled from Census data for 2010/
First, average household income times the number of households gives us:
60,528×114,235,996 ~= 6,914,476,366,000 or about 6.9 trillion dollars. That... seems too low.
Lets compare it to per capita income times total number of peoples:
27,334x308,745,538 = 8,439,250,536,000, about 8.4 trillion, which seems a bit better.
I
think this is income from all sources, though, as with the rest of this, exact details are hard to find.
Lets give a flat monthly distribution offset of 800 per person,
half that for dependents, which is more than livable. Not enjoyable, maybe, and it might mean you can't live where you want with the lifestyle you want, but at the very least it gives a solid base and vastly improved bargaining power on the part of individuals looking for employment or engaged in community work that might not otherwise pay well, and allows them the flexibility to make their own life choices about what they value. This value might actually be a bit high or low, it's just a starting point.
(Note: Dependent information proved impossible to find recent data for, so ignoring for now)
Total pop x offset
308,745,538x800 ~= 246,996,430,400 or about 247 billion dollars, which really seems like a drop in the bucket of government expenditures.
Total government expenditures (from
http://www.usgovernmentspending.com/total)
are ... 5.9 trillion, total? Woah. That's nearly total income - that seems impossible. Though I suppose a good chunk of that expenditure IS income... Anyway, we're only concerned with federal income, which is pegged at ~3.5 trillion
(3.5 Trillion + .3 trillion for our offset) / 8,439,250,536,000 ~= .45, or an effective 45% federal tax rate to cover all government expenditures. Not counting the money saved from getting rid of those welfare programs that are no longer needed.
I think I could live with that.
What do people think of the flat tax + offset system? (A variant of the NIT I suppose) Is it workable?