Wednesday, July 25, 2012

Taxes: We Don't Need No Stinkin' Taxes

Balance of Power in America These Days - Out of Whack

As seen in this excellent segment, taxes and everything surrounding that topic (cuts, spending, who to cut, what to cut and how much) represents it as the #1 weapon of choice for politicians in office and for those striving to get into office.

Let's face it, no one likes taxes especially when they we examine their pay stubs twice a month, and a month of so before April 15. However, taxes are a part of life, and let's face that too, they are needed to pay our bills for many things we all enjoy. Let's also face the fact those with the most political power and connections, over time,pay less than most of us.

Those things are at the heart of this post: Who pays taxes, how much in reality, how do they get so many damned breaks, when is a tax cut a tax hike and vice versa, why hands off some areas (DOD) and not others in tough budget times?

Sounds complex doesn't it? Well it is and now factor in that #1 weapon aspect I mentioned above and we can see that it is done and maintained by careful political design, and that is the worst part.

For example: (1) We must let the Bush taxes expire. No, we can't do that. It would be a tax hike, rather than being honest and saying, no, it's going back to the old rates that could have prevented the events since 2008. However, (2) letting the Obama stimulus bill tax breaks expire would hamper the lest vulnerable and hurt the low-income and working folks, that would be a tax hike.

However, the GOP does not comprehend that (wink/wink). Stay tuned.

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