Taxed 2 Debt!

Link to digest:

Farmers fall victim to the Estate Tax.

From the article linked above: “Moreover, farmland close to urban centers is often lost forever to development when estate taxes force farm families to sell off land to pay taxes,” and also this: “It would be a travesty if the next generation was forced to abandon the farm, just to pay the taxes.“

Unique visitors to post: 0

Tags: Debt and Taxes, estate tax, Taxation

“These are the highest tax increases ever,”

The article above talks about how strapped states are for cash, and how every tax is about to go up.  Depressing.

It also goes on to talk about something we’ve been harping on here at Taxed2debt: taxing through class warfare.

Rich people owe us something, right?  They must owe somebody something, because they’re about to get a big chunk taken out of their collective hind-parts.  Listen, I’m not rich, last time I checked.  But I want to keep the rich people in our country.  It’s good to have them buy things and literally spread the wealth around. And just because someone has earned more with their own hands, this should not put open the floodgates of burdensome tax increases for them–which will stifle spending, innovation, new businesses.

New York state and California are great examples of high taxation causing  people to leave.  Now, more than ever, people have the freedom of mobility, so if you’re about to lay burdens down on some, you better be ready for true change.

—————

It would seem like this is a new problem, but in truth it was not.  It’s a problem as old as early colonial America.  In the early Plymouth colony, circa 1625, there was an epiphany by the local people.

The colony went from a collective farming system to an individual farming system.  The results were two-fold: first, production among the farms sky-rocketed.  Secondly, those men who were not working previously, content to let the women raise the kids and till the fields, were now having to get back in the game.

Socialism/Communism does not work–because people aren’t going to bust their tail for Ed.  Who is Ed?  That’s the problem–we don’t know.  People work hard to feed themselves and their own.  Conservatism, it is common sense.

–Pilgrim information is from The Mayflower, Philbrick

Unique visitors to post: 1

Tags: history, Taxation

A Breakdown of the Possible VAT Tax

Unique visitors to post: 1

Tags: Taxation, VAT tax

The Income Tax Won’t Be Enough

A look at the history of the Income Tax:

In a way, the income tax can seem like one of the easiest taxes to get out of.  Bums pay no income tax.  If you don’t work, you don’t pay–an ironic outcome considering the idea of taxes are to promote the benefit and growth for the country.  Ratified permanently in 1913, the Income Tax was a way to get a piece of all that money people were earning, instead of solely on indirect taxation.

Imagine sitting in on a meeting where this idea was pitched  “We’ve got them already coming in, how do we get them leaving now?”  Some would argue that they had to come up with an idea such as an income tax at all, but most would not argue the reason: national debt.  When the nation was spending money, albeit one bill was the Civil War a few decades before, a necessary expense, but when the nation was spending money, it wasn’t fun to think about the future.  Spend it and live in the moment–that’s how we’re wired.

But eventually, when the fun wears out and you realize you’ve got to pay that bar tab, you have to raise the capital.  And that’s what the income tax was born, due to large amounts of national debt.  The government was in a hole and had to find a way to tax the people twice on every dollar.

Now that’s a weird statement, you might say.  Twice on every dollar.  Imagine you lived somewhere where the government was paid off of the things you purchased.  And you generated income in order to purchase more things, ergo the government was paid more when you bought more.  That was the United States of America before 1913 more or less, but afterward you were not only taxed on the things you bought, but that income you raised to buy those things.  In the sales industry, that’s called getting them twice, the extended service warranty and the rust proofing of the undercarriage.

But this won’t be enough to carry the burden that’s about to be placed on our country, that is now placed on our country.  New taxes, creative ways to dip into other people’s money will be created.

Unique visitors to post: 1

Tags: Tax and Government Frustration, Taxation

Calling Dr. Pepper

There is a proposed soda tax out there, some editions of the health bill has it.  Most of the plans out there will raise the price of soda 45 percent.

Here’s my question: is this about a true concern for the children of America?  Because, to be honest and practical, these people should be focused on feeding the kids by not taxing small business owners to debt.  When innovative people are freed of the current tax burden, they’ll be able to start up more companies and more jobs.  Once every kid is fed by private individuals, then any politician is welcome to go door to door ride a peace rainbow and give out pamphlets telling them not to eat things.

There’s not even a Surgeon General’s warning on soda.  Most juices have sugar amounts comparable to soda.  What about Kool-Aid, Tang, Hi-C, Gatorade, Beer?  That’s right I said Tang.  You best keep your taxes off my Blue Bell. This is a tax on the middle class, something we were promised would not occur in the next four years.  It’s a lie and a tax.  A lax.

Unique visitors to post: 0

Tags: sin tax, Taxation