Our founding father Benjamin Franklin, who was a publisher, inventor, and statesman uttered the famous words, “The only thing for sure in life is death and taxes.” They say he was too nice to run a business and Americans till the end of time will cherish his name, and say it with a smile. Taxes are necessary for a nation to collect to ‘provide for the common defense, promote the general welfare and secure the blessings of liberty for ourselves and our posterity do ordain and establish this constitution of the United States of America”. Taxes are a necessary evil like surgeons, police, and even lawyers and when they are needed, nothing else will do so the people by the grace of God levy taxes.
Taxes are necessary but when is something too little or too much? After World War 2, President FDR created the income tax. All investments and instruments created before federal taxation are exempt from their application. All the excellent mathematicians of the United States found employment through the dark forces that created the income tax system. Now, in the twenty-first century, taxation has become a marauding Juggernaut that defrauds the poor and favors the rich and is so complex that most people can’t figure out how they can be or be used by them at all. The fact is this: the 20% must pay higher taxes than the 80% because they require more of the tax base for their establishment and protection, after all, they live in mansions and gated estates. To begin, this author feels that income taxes should be based on net income and that there should be no cap on the required amount. Ronald Reagan was probably shot outside of a hotel because he insisted on a flat tax to bolster his supply-side economic theory. This is conjecture, but our president was shot because he insisted on a flat tax and the upper 20% didn’t like it. Oh my gosh, shades of JFK.
If a scholar or tax man with State accreditation heads to the irs.gov site, at the top, above all else are forms and publications in a click on scroll down menu. In the menu are hundreds of forms for tax men and accountants to fill out, and add the good old form 1040. Because these forms were created by genius mathematicians under the guidance of the dark power, few can understand how to use them or even why to use them. Using a trusty calculator and perusing each form individually, the mathematics yield a savings rate for all citizens who use the forms from 10-30%. Using these trusty, excellent forms, an accountant can shelter, hide, or obfuscate income above the green line. To all of us bookworms this means gross and underneath the green line net. The bonus from using income tax forms is that if you are the 20% and use these forms, they can save or hide money from net gain or net loss, and employ a person who has the intelligence to use the complex things. This is a win-win for the landed gentry and a thumbs down for the working citizens and soldiers who work by the hour and forward up to a third of their income to social security withholding and medical insurance. The medical plans make money on their withheld money. This is America and how can we make taxation more Equitable?
All income tax is based on income in a straight-line stratagem
All forms and publications on the irs.gov site are deleted
All withheld money by corporations is used by the Government to invest and disperse. Not private corporations.
The buzzword of Democracy is equity. All people follow the same rules, follow the same laws, and pay the same taxes. If there should be a tax that targets a given economic group which is unconstitutional and prejudiced in Supreme Court meanderings, it should be a luxury tax. Cars, boats, recreational vehicles, condominiums, airplanes, and second houses should be taxed at a high rate. Estate taxes which all the rich want because they keep the poor, are unconstitutional not because they prey on a single economic class, but because the 20 percent move their money to where it cannot be taxed be it to another state or even another country. Estate tax only affects the middle class who need an inheritance so they can house, feed, and educate their progeny. The 20% do not pay inheritance tax. This author has heard, and it may be a lie or hearsay, that the 20% in the state of Pennsylvania, which is a state with estate tax, keep their money in another state so it can not be taxed. Luxury tax for moguls who jet around in planes around the world and eat at five-star restaurants, and no estate tax for the working public who try to save money in their 401k so they can send their children to an Ivy League university to obtain an excellent education. The only honest tax is a progressive sales tax, so let the citizens of the United States play with the devil, pay their taxes, and get their due.