The Leviticus 25 Plan – the most powerful economic acceleration plan in the world: economic scoring summary.
3. Federal Income Tax Recapture
The scoring model assumes that 80% of U.S. citizens will participate in The Leviticus 25 Plan.
Participants must give up their tax refunds through the Plan’s recapture provisions for the 5-year target period (2025-2029).
According to 2023 IRS Filing season statistics, through Dec 29, 2023:
105,734,000 total refunds were paid out for a total of $334.861 billion.
Refund totals have increased by ~$31.2 billion over the past six years, from $303.761 billion (2018) to a current (estimated) $334.861 billion (2023), representing an average increase of $5.2 billion per year.
A conservative estimated average of $5 billion per year (2025-2029) will be used for this recapture calculation.
2023: $334.9 billion
2024: $339.9 billion
2025: $344.9 billion
2026: $349.9 billion
2027: $354.9 billion
2028: $359.9 billion
2029: $364.9 billion
Total: $1.775 trillion
Total recapture X 80%: $1.775 trillion X .8 = $1.420 trillion
Total recapture per annum (2025-2029): $1.42 / 5 = $284.0 billion
Source(s): https://www.irs.gov/newsroom/filing-season-statistics-by-year
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4. Means-tested welfare / Economic Security Programs – Recapture
Participants in the Plan will forego Economic Security Program benefits and select means-tested welfare benefits for the period 2025-2029.
Economic security programs: About 8 percent (or $522 billion) of the federal budget in 2023 supported programs that provide aid (other than health insurance or Social Security benefits) to individuals and families facing hardship. Economic security programs include: the refundable portions of the Earned Income Tax Credit and Child Tax Credit, which assist low- and moderate-income working families; programs that provide cash payments to eligible individuals or households, including unemployment insurance and Supplemental Security Income for low-income people who are elderly or disabled; various forms of in-kind assistance for low-income people, including the Supplemental Nutrition Assistance Program (formerly known as food stamps), school meals, low-income housing assistance, child care assistance, and help meeting home energy bills; and other programs such as those that aid abused or neglected children.1
Source: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go
Assuming 2% growth / year:
2023: $522.0 billion
2024: $522.0 billion + $10.44 billion = $532.44 billion
2025: $532.440 billion + $10.649 billion = $543.089 billion
2026: $543.089 billion + $10.862 billion = $653.951 billion
2027: $653.951 billion + $13.079 billion = $667.030 billion
2028: $667.030 billion + $13.341 billion = $680.371 billion
2029: $680.371 billion + $13.607 billion = $693.978 billion
Total projected federal means-tested welfare outlays 2025-2029 = $3.238 trillion
Assuming 80% participation: $3.238 trillion x .8 = $2.590 trillion
Total Means-tested Welfare recapture during the 5-year target period (2025-2029): $2.590 trillion
Source: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go
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