[harryh]

You're talking about quite literally like 80% of the entire tax revenue generated by the government.

This is wrong.

$50k/yr is below median household income so we're talking about eliminating income taxes for the bottom half of taxpayers (less than that actually, but whatever). The bottom half pays roughly 3% of income taxes.

Now, that number gets somewhat bigger when you take into account payroll taxes but it's nowhere close to 80%.