It's Tax Day. We will join The Dallas County Tax Rally. Millions will march in "tea parties" across the country.
Why?
Memo to Pres Obama: We don't want the US to look like Western Europe, i.e. high taxes, stagnant economies and no job creation.
It's a reminder that we are sick and tired of taxes.
The Wash Post has a good editorial called Who Pays Taxes:
"In 2006, the top 20 percent of earners paid 70 percent of all federal taxes.
On average, they paid 26 percent of their income to the government.
The very richest -- the top 1 percent of taxpayers, with household incomes of over $332,000 -- paid 28 percent of all taxes, with an effective tax rate of 31 percent.
The middle three quintiles paid rates of 10, 14 and 18 percent.
The lowest 20 percent of households paid only 0.8 percent of all federal taxes -- and the bottom 90 percent of households paid only 4.5 percent.
Based on these numbers, it would be hard to argue that the country doesn't already have a significantly progressive tax system."
That's right! We have a very progressive tax system. The top earners are clearly paying the bulk of taxes in the US.
Don't misunderstand. I'm OK with the rich paying a lot of taxes.
I just detest the ugly class warfare, specially the class warfare that comes from the Obama White House.
Perhaps, we can simplify our tax code.
I have always a favored a national sales tax and the elimination of our federal income tax.
We have a US$ 15 trillion GDP. I think that we can run our federal government with a national sales tax.
P.S. We've always enjoyed The Beatles' "Taxman", a rare George Harrison lead vocal and composition:
"One, two, three, four... Hrmm!
One, two, (one, two, three, four!)
Let me tell you how it will be;
There's one for you, nineteen for me.
'Cause I"m the taxman, Yeah, I"m the taxman.
Should five per cent appear too small,
Be thankful I don't take it all.
'Cause I"m the taxman, Yeah, I"m the taxman.
(if you drive a car, car;) - I"ll tax the street;
(if you try to sit, sit;) - I"ll tax your seat;
(if you get too cold, cold;) - I"ll tax the heat;
(if you take a walk, walk;) - I'll tax your feet. Taxman!
'Cause I"m the taxman, Yeah, I"m the taxman.
Don't ask me what I want it for, (ah-ah, mister Wilson)
If you don't want to pay some more. (ah-ah, mister Heath)
'Cause I"m the taxman, Yeah, I'm the taxman.
Now my advice for those who die, (taxman)
Declare the pennies on your eyes. (taxman)
'Cause I"m the taxman, Yeah, I"m the taxman.
And you're working for no one but me."
