I could go dozens of directions from that statement but one of the areas they continue to demonstrate their belief that we are the unwashed ignorant masses is with regard to TAXES. They fan the flames of public ignorance in hopes of it morphing into full-blown hatred so they can exploit those emotions and advance their cause. The one thing we must all remember is, their cause is ALMOST NEVER our cause or the best good for the Republic. Their cause is to solidify their power, advance globalism, and enrich themselves financially and politically. Neither are good for WE THE PEOPLE who voted for them expecting them to be our advocates in Washington. The demagoguery in Washington regarding taxation is a particular case in point and illustrates my title statement.
The rhetoric and spin of today and virtually all bygone eras by liberal politicians and some so-called Republicans is that any TAX CUT is a “tax cut for the rich” as they argue the rich do not pay their “fair share.” It does not take rocket science or exhaustive investigation to learn their diatribe is rooted in ideology rather than fact. I’ve debated this many times before and every time I hear, “The rich are not paying their fair share” I laugh because it is better than getting angry or crying.
The latest information provided by the Internal Revenue Service regarding the payment of Income Taxes is interesting and not something politicians want you to know or even think about. WHY? Because if you truly examine the facts you will see their rhetoric for what it is, political gamesmanship. The Top 1% of income earners, which is listed as those having an adjusted gross income of $480,930 per annum, pay 39% of ALL Federal Income Taxes. That equates to 892,000 Americans footing the bill for 39% of all federal taxes. If we look at the Top 10% or those who have an adjusted gross income of $138,031 per annum, pay 70.6% of ALL Federal Income Taxes. That means that 10% of the population pays over 70% of ALL the federal income taxes paid. How is that for FAIR SHARING? The same statistical data reveals that the bottom 50% of income earners, those who have an adjusted gross income of $39,275 or less pay 2.83% of ALL Federal Income Taxes. We know that 37 MILLION tax filers pay ZERO in TAXES and the estimate is that 45.5% of households WILL PAY NOTHING in federal income taxes this year.
With that information, how can anyone reasonably argue that the rich and I would argue that $140,000 is a far cry from rich do not pay their fair share and those paying nothing are paying their fair share. This is one of the major reasons I continually argue for a FLAT or FAIR Tax and believe that everyone should have skin in the game even if it is minimal. The sad reality is that many who PAY NOTHING have ZERO concern about Big Spending and Big Government because it costs them nothing. I wonder how many in that category view Tax Cuts as threats to their freebies rather than a genuine concern about fair share.
I laugh and cry when politicians talk about the COST of Tax Cuts and how they are going to PAY for Tax Cuts. If we had a Zero-Based Budget rather than a Base Line Budget that would not be an issue. However, our Base Line Budgeting system has a built-in increase in the federal budget every year and many of the increase is around 10%. Therefore, when politicians say they are seeking a 5% budget cut they are saying they are only going to increase the budget by the remaining 5% rather than the full 10%. That is not a cut it is an increase, as any Economics 101 student would tell you. What they don’t tell you is that when Taxes are cut for those investing and creating jobs, more money flows to the lower end of the spectrum as well as the upper and middle sections creating more revenue and thereby more taxes. Rather than costing to cut taxes it is beneficial for the federal coffers as well as American citizens who are working. Of course, if you are entrenched in entitlements and are on the government dole rather than seeking gainful employment you are opposed to Tax Cuts because they threaten your bird nest on the ground.
Our nation’s corporate tax is a whopping 39.1% which is the 4th highest in the world. The House has proposed it be reduced to 20% although some members of Congress argue for a 15% Corporate Tax Rate. Corporations DO NOT pay taxes. The “tax incident” as it is referred by economist levied on a corporation is passed on to consumers. One of four responses or a combination of several takes place when corporations are taxed. They raise the price of their goods or services, lower dividends, cut salaries or lay off workers. Who bears the burden of the Corporate Tax? You guessed it, WE DO. Corporations are merely tax collecting entities for the federal government if you look at it realistically.
Don’t you love it when politicians insist they are not going to tax individuals but corporations? If you understand that when they tax the corporation we are the ones who ultimately pay the freight, you know their argument is simply political chicanery, not the truth. The tax code in America is more like an encyclopedia having more rules, regulations, and loopholes than any individual could ever know. Americans spend upwards of $380 MILLION annually in tax-related accounting costs and in 2011, American spent more than 6 BILLION hours trying to comply with the Tax Codes. That is ridiculous.
The Internal Revenue Services is a bureaucracy that needs to be dismantled from its present form and strip politicians of this political weapon. This department is the vehicle for politicians to confiscate our earnings and redistribute them according to their political objective and agenda. That is a situation we should not be willing to tolerate any longer. HOW DO WE FIX THIS? We cannot REFORM the Tax Code or REFORM the Establishment, Corrupt, Deep State Politicians we must REMOVE THEM from office and REPLACE THEM with those who understand they are Citizen Representatives and amenable to We the People and subject to the Constitution. Anything less will only kick the can down the road and I’m done with can kicking. I will work to see a CLEAN SWEEP of Establishment Politicians in both parties in 2018 and 2020. That, in my view, is our only hope of salvaging the Republic and restoring her to the Constitutional Status our Framers and Founders envisioned and established.
God bless you and God bless America is my prayer and desire!