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calendar   Friday - August 07, 2009

TAX AND SPENDING AND LOTS OF BOTH

Check this site daily. This fellow is good.

By Alan Caruba

We sometimes forget that the primary reason we live in the United States of America and not some British Commonwealth nation is that the people who fought our Revolution got fed up with all the taxes that King George and Parliament kept imposing on them. No taxation without representation was the rallying cry.

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Now all we seem to have, whether at the federal, state or local level is endless taxation on virtually everything we purchase, use or own. In many cases those taxes have risen obscenely in recent days.

The new tax on tobacco products is, we’re told, intended for our own good, making them so expensive we will give up smoking. Other proposed taxes on “fast food” and even soda are passed off as being an incentive to eat in a more healthy fashion. Our personal health is our business, not the government’s and surely not an excuse to tax us!

There have always been “sin” taxes on things like tobacco and alcoholic beverages, but thanks to the profligate spending of all legislatures everywhere, these taxes are rising to obscene levels, unrelated to anything than a desperate effort to fill gaps in the budget.

Neither the states, nor the federal government seem to understand the need to STOP SPENDING. Every new “entitlement” program, like the proposed healthcare “reform” just imposes more and more taxation, and creates larger debt.

Here’s a list of just some of the taxes we pay:

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline TaxGross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges re IRS Penalties
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property TaxService Charge Tax
Social Security Tax
Road Usage Tax
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

In my home state of New Jersey, the tax per gallon of wine and spirits increased 25% this month. That’s about $5.50 for liquor and 87.5 cents per gallon of wine. New Jerseyeans are famous for being among the most taxed citizens in the nation. No wonder some of us drink! We have exorbitantly high property taxes, along with income and sales taxes. Born and bred here, I remain mostly out of inertia and old age.

Now, in President Obama’s words, “we’re broke” and the answer he and Congress propose is to raise taxes while increasing the national debt by trillions so that your children’s children will be born having to pay it off.

The history of the Great Depression and sheer common sense argue against this.

At the same time, the federal government is taking ownership of a large piece of the automotive industry, owns a majority interest in a huge insurance company and is owed billions in TARP money by banks, investment houses, and AIG.

The Democrats want to take over healthcare in America.

The Democrats want to put a tax on all energy use.

The Democrats are even proposing to set how much executives can be paid.

There is a word for this. It’s communism.

There has long been talk of “a flat tax” and a “value-added tax.” The former is advocated by Steve Forbes and, if he’s for it, it is probably a good idea. The latter is favored by European nations and is a form of sales tax.

The great problem with all taxes is that, once imposed, they are rarely, if ever, repealed. The profligate spending by state and federal legislatures is the problem.

What is wrong with this picture? EVERYTHING!

WARNING SIGNS BLOG


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Posted by peiper   United Kingdom  on 08/07/2009 at 11:05 AM   
Filed Under: • EconomicsEditorialsTaxes •  
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