- The Enterprise
- The Recorder
There are many ways to raise revenue without causing too much heartburn. For instance, let’s tax the 47 percent of Americans who pay no taxes. If they were required to pay a minimum of $100 or $200 each year, that would amount to approximately $8 to $16 each month. I assume most of them would be on food stamps or other welfare programs, but many would be affected by this decrease. But I also know there are many church organizational food pantries and other charitable organizations that could make up the difference without causing an additional load on tax paying citizens.
If we could assume there are 200 million taxpayers, then 47 percent would amount to 94 million people. If they aid $100 in taxes, that would amount to $9.4 billion, or at $200 in taxes, $18.8 billion. This is one way to cut entitlements and raise revenues, which may seem drastic to some, but it’s not that overbearing. I work each week at the Calvert Churches Community Food Pantry, which provides approximately $50 to $60 of food each month of mostly donated food for those in need. These savings are just peanuts to what we need to do as a nation to attack our financial problems, but that can be multiplied many times by our government if it just had the statesmanship to do it.
How much could we save our country if we all paid a $20 co-pay on our Medicare? I don’t have the figures on that, but I know it would be a staggering amount, and no one would feel the pain.
Ron Hunter, Sunderland