"NO TAXATION WITHOUT REPRESENTATION" Oh oh. I can already tell where this one is going.
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Your income is taxed 35-45% and then you spend it at a store and pay taxes on the sale. The business owner pays 35-45% income tax on that. He then spends the income at a store and it starts over again. For every dollar the Federal Gov't spends it gets back $8.00. That's why the government issues bonds/borrows money and then spends it.