These are numbers reported from Wikipedia and they look to be close to what I can find.
It is virtually impossible to get any sensible numbers from any government documents.
US Federal Budget 2007 from Wikipedia
Total Receipts
Estimated receipts for fiscal year 2007 are $2.4 trillion. Percentages in parentheses indicate percentage change compared to 2006. This expected income is broken down by the following sources:
$1.1 trillion (+12.1%) - Individual income tax
$884.1 billion (+7.4%) - Social Security and other payroll taxes
$260.6 billion (+15.5%) - Corporate income tax
$74.6 billion (+1.3%) - Excise taxes
$28.1 billion (+0.7%) - Customs duties
$23.7 billion (+9.2%) - Estate and gift taxes
$48.4 billion (+14.0%) - Other
OK, now the spending side of it:
$699 billion (+4.0%) - Defense
$586.1 billion (+7.0%) - Social Security
$394.5 billion (+12.4%) - Medicare
$367.0 billion (+2.0%) - Unemployment and welfare
$276.4 billion (+2.9%) - Medicaid and other health related
$243.7 billion (+13.4%) - Interest on debt
$89.9 billion (+1.3%) - Education and training
$76.9 billion (+8.1%) - Transportation
$72.6 billion (+5.8%) - Veterans' benefits
$43.5 billion (+9.2%) - Administration of justice
$33.1 billion (+5.7%) - Natural resources and environment
$32.5 billion (+15.4%) - Foreign affairs
$27.0 billion (+3.7%) - Agriculture
$26.8 billion (+28.7%) - Community and regional development
$25.0 billion (+4.0%) - Science and technology
$20.1 billion (+11.4%) - General government
$1.1 billion (+47.6%) - Energy
Replace it with nothing!! Nothing!! We don't need it...
Remove spending for:
- Iraq $481 billion (estimated) (per note in Wikipedia; portion of defense spending)
- Ending the Federal Reserve allows for eventual removal of a large portion of our debt. Say $150 billion this year.
Reduction in the size of the Federal government can cut waste, eliminate entitlement programs and reduce administration costs. Look at the list; what is general government and why are spending $20 billion dollars on it? Is that what America is about?
So Dr. Paul is right! We don't need to replace the Income Tax. Adhering to a sensible spending policy, minding our own business and reducing the Federal government to its proper role (defense, security and infrastructure) allows the STATES to provide for themselves. That is what the Founding Fathers intended; that is freedom......
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