"Monday the President will be in state to rally with us against business killing taxes and regulations. Smart move on his part. The good people of Minnesota will be ripe for tax protestation on April 15th. Change is in the air. Let's just hope it is the right kind of change."
This is probably a good time to ask this question. Unless you knew you were getting oodles of money back from overpaying your taxes, this is the week you probably filed and paid. And chances are, you are not a happy camper right now. Besides the fact that our government servants don't know spit about how to manage our money, the fact we are overtaxed, rubs many the wrong way. Why? The basic unfairness of our taxes. Both on state as well as federal. So what do you do with an unfair system? Replace it with a Fair Tax system.
I mean, these socialists who are trying to take over our government, want to take our unfair tax system and make it even more unfair. Like a top rate of 70% or higher. Or like Elizabeth Warren said, "Let's go after people's wealth." So first we take the income, and then go after whatever wealth is left over. Then on the news this morning, some nut ball on the Democrat side running for President, wants to strip companies of their profits and give every person in this country $1,000/month. Huh? Welcome to crazy town folks.
The Fair Tax however, is just that. Not an income tax, it is a tax on what you consume. The more you consume, the more taxes you pay. The reverse is also true. The IRS goes away. April 15th becomes just another day again. The down side? The goods we buy would be more expensive. The up side? The wages you make would be 100% yours - no taxes withheld.
Me? I would love to see the Fair Tax initiated along with a balanced budget amendment. Why conflate the two? Our finances in the federal government are a mess right now. Zero discipline. That is why we have a national debt of over $20T and headed for $25T. We tax too much and spend too much. We are breaking the backs of the taxpayers so we can waste the money collected, and print more of what cannot be collected.
Monday the President will be in state to rally with us against business killing taxes and regulations. Smart move on his part. The good people of Minnesota will be ripe for tax protestation on April 15th. Change is in the air. Let's just hope it is the right kind of change.