Tax day approaches, and though it is not on the traditional day of March 15th anymore, the extra month the government gives us doesn't really make a difference. What is that saying about life...ah yes, "The only certain things in life are death and taxes."
Well, as it turns out, that is not true for quite a few Americans. According to the Tax Research Center 47% of people will pay no taxes for 2009. In fact they state:
"The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment."This is ridiculous. I know I got gouged for thousands of dollars in taxes even while being laid off for 4 months of the year. Who are these people? We essentially have a wealth redistribution system in which the top 10% of earners give money to the lower 50% with the big bad government acting as the middle man. These people are getting a paycheck for doing nothing. They are being rewarded for underachieving while those who are successful are being punished in excess.
The US Tax code is roughly 17,000 pages. Hell, the instructions on how to fill out your tax form are 305 pages long. All those pages add up to a $12,600,000,000 budget for the IRS. That is about $50 from every man woman and child in the country. Well, actually, since most people don't pay any taxes the ones who do are charged extra to support the people who take their money. Awesome.
You want a solution that will save taxpayers billions and restore economic freedom to all Americans?
Flat tax.
Flat tax!
FLAT TAX!
5 comments:
I pay my accountant thousands of dollars in order to save myself thousands of dollars in taxes.
When the government acts as "middle man" in any transaction they take a huge cut of the take. It is estimated that any money appropriated regardless of the reason, the federal takes 45 cents on every dollar for themselves. Obama is taking it up a notch -- the "stimulus" money was never for the economy, rather it was to buy votes for healthcare and pay off his cronies. This is by far the most corrupt administration in our history. Now they are floating trial balloons for a Value added tax, getting statements from people in the administration that we "have to do this." America has been bankrupted in just 15 months. November cannot come soon enough.
I used Turbo Tax and guessed on every answer.
I paid a HR Block person $200 and got $4700 back. That was about 1/3 of what we didn't get back.
I drive a 1990 S10. Doesn't the government think I should keep that money to buy myself a better vehicle? Guess not.
Well, 47% of Americans may not pay at all... but according to this new poll 48% of Americans say the amount they pay in taxes is "about right".
http://www.gallup.com/poll/127346/Americans-Split-Whether-Income-Taxes-High.aspx
Post a Comment