The Taxation Contradiction

I was reading through some different articles over the weekend, hoping to find something interesting to comment on, when I happened to stumble upon a series of several articles in a row dealing with taxation. The articles had nothing to do with one another. They just all happened to have taxation in some form or another as the main topic. Each taken on its own painted a picture in support of this plan or that. And all were, in general, the intentions or sales pitches from the Democrat point of view. But my random order of articles revealed to me a disturbing double standard in from the White House in their message. No, double standard isn’t correct. Contradiction fits better. Two articles that I read back to back in particular drew my attention to the contradiction, which I am ashamed to say that I never put together before. It seems that the White House, specifically the President, believes that we should reward the wealthy who conduct business in the US, while at the same time stating that those who are wealthy in America should be taxed higher than they are…
More of Politicians Talking Out of Both Sides of Their Mouth

Advertisements

Tax Day Special… The False Hope of Code Changing

Like many Americans, I approach Tax day each year a little more annoyed than the year before. I have done my own taxes for many years. And once I was married, I took over preparing taxes for two. It is not a new concept for me. I feel like I have a simplistic grasp on the process, although I would never come close to qualifying as an expert. What I find is that each year it becomes more complicated than the year before. New tax codes, special breaks, and searching for documentation for every nickel you might have earned over the last year all come together to create a headache for anyone sitting at their computer attempting to figure it all out. I find this fact troubling for one specific reason…. I am a pretty smart guy. I don’t want to toot my horn too loudly. But I have managed to keep a 4.0 GPA through all my degrees, I have an IQ that qualifies me for special groups, I have a tremendous memory, and I generally can figure out just about anything I want to figure out. So why is it that what should be the simple act of filing my taxes is enough to make me feel like I am back in “Quantitative Application of Statistical Theory” again?
The Myth of Taxation Made Simple