I like the message of the cartoonist, though, I’m sure many may attempt to argue the math.
I’m a little conflicted on the proposed tax cuts, myself, but, at the end of the day, it is always better to let people keep what they’ve earned.
As the cartoonist implies, congress spends our money in most wasteful ways. I would like to pretend that if they had less revenue they’d be more frugal and spend in a wiser manner. But, they won’t. They’ll simply continue adding to our debt. It’s gotten so bad that some of those idiots are pretending that there will never come a day when we have to pay it all back. That day is coming sooner, rather than later.
show of hands….how many think our government has grown ertirely too big?
Heh. Like camel thru the eye of a needle too big?
So big that it’s no longer ‘our’ government.
Yes and at all levels, too; not just the Federal parts.
You guys are under attack from foreigners, and from your own politicians. Use those freakin guns we gave you, ya knuckleheads.
Easiest way to get a tax cut. Outlaw withholding.
Next easiest way to get one is eliminating deductibility. I understand why it is done. Who wants to pay taxes twice, after all. Still, deductibility of taxes allows people to avoid the pain of high rates. That’s the point, people. I think 10% is more than enough to pay in taxes at all levels, total. If the governments can’t live within that, then they have to do what the rest of us do. We sell stuff and we cut spending. We cut it most on the things that are the lowest priority. That’s why governments threaten to cut high priority things, so that they avoid making tough choices. Never mind that makes life tougher for the people not in government.
If someone asked me what I’d be willing to cut, I’d say if something is really popular, people would pay for it themselves, and cut out the unnecessary middle man (government). True enough, some of this stuff has been around so long that the transition would be problematic. Okay, sell off stuff then. Let people who know how to operate it for a profit, do it.
We’re targeting the wrong industries. NFL? Hollywood? Should be boycotting the business that takes forcibly, and at an absurd excessive rate, for a product many will never use, if even available to us.
@CD – the problem with eliminating deductions is the lobbying from those who benefit (high tax states, realtors, etc.). And it does not affect ALL tax payers.
Withholding is something everyone would see and scream about. Even the low tax folks, when they had to write a check for $1000, would get very upset.
True, and even Milton Friedman (who was involved in getting withholding in place during WW2 with the high surtax and the dozen or more brackets already there) said that it was a mistake.
Yet it does affect all tax payers because of the dynamic effect high rates have on future economic decisions.
When I said it did not affect all Payers, I meant not all take the deductions. So eliminating them would not make the ones not taking them see any difference. A subsequent or in tandem change in the rates would. But I was talking about how to get most Americans (even those not currently paying taxes. albeit only temporarily) to back a tax cut.
Friedman was very smart. But no one is infallible.