I wrote/mailed tax checks today...


Now I’m gonna spend the little play money left over in the 3 for $10 bins.

Ain’t got nuthin left over for the Tech Das Air Force One.

It’s a sad day. The IRS is one of the few reasons I keep a checkbook.

 

tablejockey

Showing 2 responses by mijostyn

@ghasley , under a VAT system there are ways to protect those at the bottom of the ladder for food and cloths. 

In this system if you paid more in taxes you made more money so in a sense be happy that your tax bill is higher. Most people have it easy. They are W2ed. Self employed people have to pay quarterly and have much higher exposure to the process not to mention what we spend on accountants. 

One issue I find very irritating is the lay thought that wealthy people dodge taxes. That is BS of the highest order. The vast majority of wealthy people have no idea what is going on. They pay whatever their accountants tell them to pay. Criminals dodge taxes. Wealthy law abiding citizens do not and have no need to. I do not mind paying taxes. I mind what my taxes are spent on. I would love to buy a missile to fly up Putin's a-s. I do not like paying for artists to make offensive art.    

I think the Europeans have this one right. VAT makes sense on several levels. You make the choice to pay taxes when you purchase XYZ, the IRS has to collect from several million businesses instead of 330 million of us, and lastly the wealthy spend more money so a VAT system is very progressive. If you want Americans to save money punish them for spending not working!