Tomorrow, May 3, is
the day when you stop working for the government and start working for
yourself, according to the national Tax Foundation, a nonpartisan, nonprofit
group that studies such things.
Actually, that's true
only if you're average. If your income is above average, you pay a higher
percentage of that income in taxes, and therefore you'll still be engaged
in slave labor for a few more days.
Then again, May 3
is a national figure, and actually Georgians get a bit of a break. Our
freedom day was actually Saturday; that is, those of us who are average.
I'm sure some folks
consider a concept like Tax Freedom Day kind of silly. After all, we don't
really work until April 28 for the government and then start working for
ourselves. And if you look at your paycheck and add up the taxes, the
numbers don't even work. Taxes are a lot lower than groups like the Tax
Foundation claim.
But that sort of thinking
just underscores the Tax Foundation's point. People don't know how much
they're paying in taxes, because so many taxes are hidden from us.
Go to www.taxfoundation.org
and you'll see just how devious our political leaders can be when it comes
to hiding taxes from us.
For instance, there's
a list of how many days a year you have to work in order to pay several
categories of taxes, some of which show up on your pay stub and many of
which do not.
Of the 123 days the
average American worked to pay taxes last year, only 60 of those were
for personal income taxes, both state and federal.
Social Security, Medicare
et. al. take up 29 days, and the rest of the tax burden comes from sales
and excise taxes 16 days; property taxes 10 days; corporate income taxes
12 days; other business taxes three days; all other taxes two days.
Now, some of you deep
thinkers out there have already latched onto one inconsistency in this
theory, you think. "I don't own a corporation, don't pay corporate
income taxes, so I gain 12 days," you're thinking.
Sorry to burst your
bubble, but corporations do not pay taxes they merely act as collection
agencies to take them from you and me in the form of higher prices for
the goods and services we buy and lower wages from the corporations we
work for.
I've heard estimates
that about 40 percent of the price of an automobile is taxes. Never checked
it out, but I wouldn't be surprised.
What all of this does
is simply to illustrate that taxes are too high not a little bit too high,
but way, way too high. Get the boot of government off the necks of this
country and its people and there's no telling what we might be able to
accomplish.
That's why the president's
tax cut proposals are so important. They're too little, but at least they're
a start toward restoring some semblance of balance.
Which brings me to
another point. An otherwise very intelligent gentleman informed me the
other day that he agrees that taxes need to come down, but insists that
we pay off the national debt first.
A. If we lower taxes
enough to stimulate the economy, the resulting growth will increase tax
revenues and we can pay off the debt faster.
B. Do you really believe
that the government will pay off the debt if we don't reduce taxes? If
so, please send me $1,000 and I'll send you a prayer cloth, a cure for
cancer and three magic beans.
One other interesting
piece of information from the Tax Foundation, for those who think the
Bush tax cut proposal is too large. If Congress somehow reverses itself
and accepts Bush's entire tax cut proposal, ten years from now we will
still be working for the government later in the year than we are now.
The Tax Foundation's
figures show that Tax Freedom Day will move from May 3 to May 10 over
the next ten years, even with the proposed cuts.
How can that be, you
say? Simple. It's the result of the cruelest, most inhumane system we
have in this country, the graduated income tax. If all goes well, we will
achieve more and earn more money, and we will be punished for it with
larger taxes.






Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…