Good Evening Everyone,
Tonight I would like to address the topic of taxes. When you earn a paycheck the government takes a portion of it via taxes. Then when you spend you paycheck the government again taxes your purchases via sales tax. Then when you decide to save and invest your money, the government will take more money from your interest through taxes. When you purchase your house you will continue to pay taxes on your property even if you own your house outright. If you desire to hand down your property and assets to your children, the government taxes this inheritance. The truth is that we are being taxed to our limit. The government has decided that they are better able to spend your money than you.
I researched the cost that it takes to run the IRS and it is apprx. 12-15 billion dollars a year. Billions of dollars to simply collect your money. It is unbelievable.
So, I started doing some calculations as it pertains to taxing the citizens of the United States. We have over 300 million people in the U.S. Let's say that 200 million of our citizens are working. The average salary in our country is appx. $35,000. Some stats say it is higher while others say it is a little lower, so, let us split the middle and use $35,000 dollars as our calculation starting point.
If our government would abolish the IRS and implement a 23% across the board flat tax with no loop holes and no deductions. Every person and business pays 23% then we would have a family tax burden of $8,050 a year. When you multiply this collected tax times 200 million our government would collect 1.61 trillion dollars simply on the flat tax. Now this doesn't really consider large businesses and coorporations who use tax loop holes to get out of paying their fair share.
This year our federal budget is around 3 Trillion dollars. But if you look at where our tax dollars are going and if you calculate the taxes that people and businesses shield from the tax man, we would be able to collect over 2 trillion dollars.
The government's responsibility is to come up with a budget that operates within the taxes collected. There are numerous programs that you as taxpayers are funding that have absolutely no benifit to the operation and functioning of our government. Our legislative and executive branches need to learn how to live within a stream lined budget.
It seems that our government has the approach that we all work for them. That is backward thinking. The government is suppose to work for us. Our government is to keep us safe from all enemies foreign and domestic and provide for certain interior structures like the interstate system, police, and fire departments. Most programs outside of these two mandates can be eliminated thus, cutting cost.
I would like to say that enough is enough. We are tired of our hard work and income being stolen from us so that the government can spend recklessly. I believe a flat tax with no exemptions for anyone or any business should be implemented and government spending needs to be drastically reduced. I have faith that the American people can spend their money much more efficiently than the goverment.
I pray that you are well,
God Bless,
Jeff
13 years ago
Your idea is so obvious and it's one that my husband and I have said before. It's a wonder, though, why this isn't being implemented.
ReplyDeleteIt seems like there is a lot of "muck" out there clogging up the workings of most every part of our country. We just need a good cleaning.
Thanks for your insight.
OK,
ReplyDeleteIf you don't run for office when you get back we're going to send you back to Iraq.
:-)
Sara and Lost,
ReplyDeleteThank you so much for checking in. You guys are awesome. I sometimes feel like my grandfather who used to sit on the porch and go on and on about the oppressive nature of our govenment. I hope that I don't spend my days like that. I pray that we can do something to change the stability and purpose of our government. Again thank you for checking in.
God Bless,
Jeff