Idiot.com Blog

Taxes, taxes, taxes

Posted in Uncategorized by idiotwebmaster on November 15, 2010

Obama says he’s not caving on tax cuts – CNN.com

I met with my financial adviser and tax guru last week for a seminar.  Yes, taxes are going up for everyone next year.  All the tax brackets are changing.  Be prepared to bend over.

What I do not understand is how government, from local to national, seems to forget that us little people pay their salaries and fund stupid programs these same politicians “earmarked” into bills.  We pay.  We do not pay if we do not work.  Simple enough.  Tax businesses until they go out of business.  Businesses not in business do not hire people.  People not hired or working do not have money to pay taxes.  Get it? 

My mind is way to simple to comprehend all this stuff.  Maybe I need to drink or something. 

One Response

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  1. racqueteer said, on December 10, 2010 at 12:49 pm

    Please explain why the theory hasn’t worked over the past 20 years.

    1990’s: Taxes were raised, businesses thrived, 22 million jobs created, rise in middle class, budget balanced, 4 years of surplus.
    2000’s: Taxes were lowered (twice!), 2.5 million jobs created, worst financial crisis since 1929, housing market craters.
    2010’s: “If you raise taxes to 1990’s levels, businesses won’t create new jobs! We’ll have a double-dip recession!” All evidence to the contrary…


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