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retired benefits major hike
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<blockquote data-quote="Fred&#039;s Myth" data-source="post: 5670601" data-attributes="member: 55587"><p>I’ll try to break it down to your level:</p><p>Example, the citizens of Anystate, USA, vote to allow their state to tax them a maximum rate of 30%. They then vote to allow the Federal government to tax their state a maximum of 35% of its tax revenue. Both State and Federal revenues are thus capped, and can only be changed by a vote of their citizens, or a declaration of war. Thus the citizens have 70% of their earnings to live on, while the State and Federal governments have to allocate their revenue to the powers enumerated in their constitutions.</p></blockquote><p></p>
[QUOTE="Fred's Myth, post: 5670601, member: 55587"] I’ll try to break it down to your level: Example, the citizens of Anystate, USA, vote to allow their state to tax them a maximum rate of 30%. They then vote to allow the Federal government to tax their state a maximum of 35% of its tax revenue. Both State and Federal revenues are thus capped, and can only be changed by a vote of their citizens, or a declaration of war. Thus the citizens have 70% of their earnings to live on, while the State and Federal governments have to allocate their revenue to the powers enumerated in their constitutions. [/QUOTE]
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