The 10M Reserve & The Work Tax

Day 2,218, 15:33 • Published in USA United Kingdom • by actualguns


After reading The Work Tax Explained by WildOwl, I felt like I should look a bit deeper into the thinking behind the work tax. Utilizing the public forums, national economy page, and a variety of other resources, I have learned that our nation is doing a splendid job at remaining fiscally solvent and ahead of the pack.


Trust, But Verify.

Seeing as I like providing sources for claims I make, this list will provide all of the information I utilize in this publication.

Budget of the United States of America
Fiscal Solvency Protection Act
US National Economy Page
Personal Google Spreadsheet
Congressional Budget Office

ACT I: THE FISCAL SOLVENCY PROTECTION ACT OR PUBLIUS' TURRBL ELITISM?



On September 19th, a day that will forever live in infamy (for someone out there!) Publius proposed that Congress should raise the 'Work Tax' to 10% as to build a 10,000,000 to 15,000,000 'reserve'. This reserve would be used in case of invasion or if there was a sale on the necessary items of governance (see: hookers and blow)

ACT II: THE BUDGET OF THE UNITED STATES OF AMERICA OR HOW TO SPEND MORE MONEY THAN OBLIGE HAS.

After heading the forums -- I decided to look for the budget which is surprisingly quite public (despite some naysayers saying that 'elitists keep the common man down). I screenshotted said budget just in case those elitists might show up (I noticed that Pfeiffer was looking at me strangely, I think he was coming on to me!) and will post that here for your benefit.



A simple and straightforward budget, I must say... however it was missing something. A-ha! The Irish deal! So, after noticing this missing expenditure I have decided to add that into the equation and have made my own version of the budget in comparison (in daily terms, of course).



Now armed with this information, we can figure out how much we are actually making per day in tax revenues!

ACT III: TAXATION WITH REPRESENTATION IS OK OR HOW WE BROKE AWAY FROM THE BRITS FOR A MEASLY 2 PERCENT TAX AND END UP PAYING 45% ON AVERAGE

I must admit having the National Economy page is actually quite useful and as such, I have done some lovely numbercrunching (er, Google Docs has anyway!)



This shows an average daily tax yield of $54,142.10. This means that we spend 54.75% of what we take in which is actually kind of impressive. Using this date, I have constructed a little chart that shows how much we are building our reserves by in any stretch of time.



(Yes, I included fortnights. I enjoy saying that!)

ACT IV: HOW MUCH DO WE HAVE IN RESERVES ANYWAY OR I CAN'T BALANCE MY OWN CHECKBOOK

Utilizing readily accessible data I have built the following table:



The gold in the national treasury actually may hold more value than .005g if for some reason the USD gains value(which is highly unlikely) due to the fact that governments can print currency for .005g and gold can no longer be donated to the national treasury.

ACT V: PAY YOUR TAXES OR HOW LONG DO I HAVE TO PUT UP WITH THIS?

Taking these numbers as they are (prior to the effect of the Irish Deal and hopeful tax increase it will bring) I have concluded that the $10M Reserve will take 129 Days to build -- or that you will continue to pay the 10% Work Tax until Thursday, April 24, 2014 or Day 2347 -- whichever floats your boat!

ACT VI: FIN

I hope you enjoyed my flimsy cardboard paper here and I do hope to see you again.

Yours Faithfully,
Uncle Shylock