We already do just print the money to run the government.  $70 billion is mailed out each month in Social Security checks, but there is no "money" in the account - Social Security is literally a file cabinet full of IOUs in Parkersburg, West Virginia.  

http://usatoday30.usatoday.com/news/wash...fund_x.htm

We could absolutely reduce everyone's taxes to zero, since zero of the income tax collected goes to run the government.  Please read the 1982 Grace Commission Report to confirm this fact. 

The 1913 Income tax was invented to give a sense of value to the worthless 1913 Federal Reserve Notes which replaced legal US Currency.  The Federal Reserve is a private corporation.  Their Notes cannot be redeemed for lawful money = defined in the 1792 Coinage Act as 371.25 grains of fine silver.

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