It is my personal belief that if every time we got a paycheck, we had to turn around ourselves write a check to the Federal government. Add to that a check to the state; a check to Social Security; a check to Medicare; then our property taxes too. And even more, a general check for sales taxes. We would have a clear understanding every month of the amount of money you give up for taxes.
If we saw those checks written monthly I would, we would go ballistic!
When you think of the money that is lost in the deep hole of Washington D.C. it is horrendous; and it is our money! We don’t see it in our paychecks; so sometimes we don’t miss it. But if we had to write those checks monthly, it would be a real honest-to-God revolution. When we pay Federal, State, Social Security, Medicare, property, sales taxes - all for what exactly? How big a return are we really getting on those investments?
And how can you have a 20,000 page tax code that increases every year? I want to know who ever read it! But we allow this folly to go on.
I’m for a straight tax. Are you? Just imagine if every American paid a flat 15% tax? I can hear the screaming lobbyists now…
Thanks for letting me vent, this has been a bee in my bonnet for a while now! Listen to today's podcast of our discussion with tax experts below!
FULL AUDIO: Angela talks taxes with CPA Jay Rabalais, tax attorney John Butler, economist Will McBride, and Thomas Fontes, owner of Accounting Services Unlimited