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by Taniwha
1508 days ago
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yeah here in NZ we pay 39% marginal over $180k, 33% $70k-180k - no state tax - mostly free public health (5$/drug $100 max per year, $30 to visit GP, nothing for hospital/urgent care/everything else) What we don't do is spen d all our money on a military industrial complex |
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I know it's a bit of a meme, but military spending is far from our only problem. We could cut military spending to $0 and not even make a dent in the defecit, let alone be able to cut taxes. Social security, Medicare, and medicaid together make up 42% of federal spending. (Not to mention food assistance, housing assistance, unemployment, or the dozens of other programs). The US spends a lot on social programs! We just don't get much of anything for it.
EDIT: for completeness - defense spending was 12% of the federal budget in 2021.
[1] https://www.thebalance.com/u-s-federal-budget-breakdown-3305...