A lifetime (and beyond) of paying taxes
They say that there is a season for everything. I am into hunting season, but the rest just seem to flow by. Now they have one that is called “tax season.” That’s supposed to strike fear into our hearts. The penalties for late filing are substantiated. Failure to file can even result in jail time and/or substantial fines.Some people wait in great expectation for their tax refund. This is a generous gift from the government, right? In reality, the government has been borrowing your money and is now paying it back with no interest. It’s really a forced loan with no interest.We used to pay it all at the end of the year, but now they start with your first check.When they came up with Social Security, it was supposed to be self-sustaining in about 10 years. Our “shepherds” decided to use it and not pay it back. Now we have a “Social Security crisis” that is one of the fear tactics of government. When you pay into Social Security, you pay income tax. Then you’re taxed again when you draw it out.
The whole idea of tax season is a real joke. In reality, every day of the year is tax season. Virtually every time you write a check, use your credit card or pay cash for anything, you are paying a tax. When you buy gasoline, about 40 cents per gallon is state and federal tax. Remember, however, that the refinery, the trucker, the advertiser and the retailer are also paying employee tax, property tax, road tax, income tax, and several other fees, and it all gets passed on to the guy that buys the gallon.This applies to every product or service you purchase, and amounts to in excess of half of the retail price. This, in effect, means that the sales tax you pay is, to a great extent, a tax on the taxes.Also keep in mind that every fee, permit or license is a tax that you pay either directly or indirectly. Look at your phone bill. It has nine or 10 “taxes” in addition to your base charge. Buy a new car and you can pay a fee of several hundred dollars to the county every year. You just think you own the car. And by the way, the price you pay also includes everyone’s taxes in the process, from the iron miner to the retailer.You don’t pay direct property tax? Remember that the landlord’s tax is part of your rent.
You put all this together and then realize that when you die, your heirs have to pay a large “death tax” on all the stuff that you have been paying taxes on for years. That’s adding insult to death. Thanks a lot!There is a joke about the senator who was speaking to the Senate. He said, “Gentlemen, let me tax your memories.” A colleague in the back said, “Dang, why didn’t I think of that?”In Colorado, they are proposing a bill to forbid retailers from discounting merchandise. Guess what? Discounted stuff generates less sales tax.The push to raise minimum wage is really to just generate more withholding tax.
Small businesses take a big hit on every piece of equipment. They are taxed when they buy it and then pay government rent (property tax) on it every year. I actually rent my desk and chair from the government even though I paid for it. That’s not rent to own, it’s own to rent. Isn’t it interesting that government rewards failure and penalizes success? They don’t teach any of this stuff in school. Thomas Jefferson said, “I place the economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements.” This is all happening under the pretense of caring for the people – the shepherds claim that we are too stupid or we are up to something.Welcome to tax season!Ross L. Talbott lives in New Castle.
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