AuthorsDen.com  Join (free) | Login 

     Popular! Books, Stories, Articles, Poetry
   Services MarketPlace (Free to post!)
Where Authors and Readers come together!

Signed Bookstore | Authors | eBooks | Books | Stories | Articles | Poetry | Blogs | News | Events | Reviews | Videos | Success | Gold Members | Testimonials

Featured Authors: Myles Saulibio, iWendy Laing, iGerald Grantham, iCraig Nagasugi, iWill Clark, iShoma Mittra, iTheodore Soderberg, i
  Home > Essays > Articles
Popular: Books, Stories, Articles, Poetry     

Dan Ronco

· Become a Fan
  Notify me of new titles
  added by this author.

· 43 titles
· 9 Reviews
· Share with Friends!
· Save to My Library
·
Member Since: Nov, 2007

   Sitemap
   Contact Author
   Message Board
   Read Reviews

Books
· 2031: The Singularity Pogrom

· PeaceMaker: A Thriller

· Unholy Domain


Short Stories
· A View of United States Energy Supplies in 2028

· Softrware Keeps Getting Smarter

· The Unique Structure of my Novels

· Dan Ronco Interviewed on Fascinating Authors

· Listen to Dan introduce Unholy Domain

· Listen to Dan Read from PeaceMaker


Articles
· My Favorite Television Sci-Fi Characters

· On Science Fiction Characters

· Looking for a New Member to Join our Writing Group

· Where does the Darkness come from?

· Protect Your PC: Part Two

· Will Humanity Survive the Singularity?

· Where Will the Engineers Come From?

· Will YouLive to be 100?

· Lifeblogging

· What Makes A Great Thriller?


News
· Midwest Book Review: 2031: The Singularity Pogrom

· Material Witness: a story that develops at breakneck speed and is cinemati

· Win a Free Copy of Unholy Domain

· Book Chase: Unholy Domain is a rollercoaster ride

· Soulless Machine Review: UD is an Action Packed Coming of Age Story

· NothingBinding.com: Unholy Domain almost screams Look around you!

· J. Kaye's Book Blog: Unholy Domain is a real page turner.

Dan Ronco, click here to update your web pages on AuthorsDen.

What Do We Get for Our Taxes?
By Dan Ronco
Last edited: Friday, November 30, 2007
Posted: Friday, November 30, 2007



Share    Print   Save  Become a Fan
Recent articles by
Dan Ronco

• Where Will the Engineers Come From?
• Superhumans: The Next Step?
• Long Term Friendships
• Looking for a New Member to Join our Writing Group
• The Future is not Star Trek
• Will Humanity Survive the Singularity?
• My Favorite Television Sci-Fi Characters
           >> View all 34
They tax you when you earn, they tax you when you buy and they tax you when you die. Whatever you do, the Taxman has his hand in your pocket. If they could figure out how to do it, theyíd tax you for bodily functions. So what do you get for all this tax money?



Tax time is coming around again. Iím reminded because I just placed my order for the 2007 version of TurboTax, which is a software application that guides me through federal and Pennsylvania tax return preparation. The damn tax code has become so complex, you really need either a good accountant or a tax package to get it right.

Taxes are everywhere, on everything. Federal income tax, Social Security, Medicare, federal death tax, Medicaid, state income tax, state sales tax, state death tax Ö let me catch my breath. Certain cities or counties get you for an income tax or a wage tax or maybe even a sales tax. Then there are the smaller but still irritating levies like federal and state gasoline taxes, the state automobile registration tax, the hotel room occupancy tax (talk about taxation without representation!) and the federal telephone taxes (check out your phone bill for the beloved Federal Subscriber Line Charge and the smaller, but still irritating Federal Universal Service Fee). And if you have a small business, well, I wonít get into that.

They tax you when you earn, they tax you when you buy and they tax you when you die. Whatever you do, the Taxman has his hand in your pocket. If they could figure out how to do it, theyíd tax you for bodily functions. Maybe a little meter on the toilet. Two cents per flush. Wireless, of course.

And think about the skillions of hours that are wasted on tax planning, preparation and collection. Tax attorneys, tax accountants, tax return software, IRS employees, state and local tax collectors, they are all working day and night on our taxes. While youíre sleeping innocently in your bed, an IRS computer is selecting you for an audit. And if you are in a hotel, youíre paying tax to sleep while that IRS computer is humming away. Your federal government at work.

I read somewhere that the top half of earners pay 96% of federal income taxes while the lower half pays 4%. The principle that a person with a larger income should pay more in taxes is fair, but 96% seems a bit extreme. Every citizen with a decent income, it seems to me, should pay something in taxes. Even if itís only a couple of bucks withheld from each paycheck, at least youíre holding up your end as best you can.

My personal choice would be for a flat income tax. No tax on the first twenty five grand, then 15% on everything after that. Or something similar. Allow a few deductibles such as spouse and children, mortgage and medical. Keep it really simple, so that a normal person could file their return without screaming. Thatís right, tax prep would become the no scream zone. Maybe even no cursing Ö okay, I lost my head. Anyway, I enjoy cursing at my return.

Itís interesting that our government has too much money and yet not enough. A duality that would interest a quantum mechanics researcher. Hereís the issue: the government needs more money to fund entitlements such as Social Security and Medicare, but a big tax increase might plunge the economy into recession. And recessions are not good for incumbent politicians.

The simple truth is that people should be allowed to keep the bulk of the money they earn. They know what they need better than a government bureaucrat. Plus, the more an entrepreneur can keep, the more likely she is to invest her money in a small business, and thatís what drives the economy. JFK knew that and so did Reagen and Bush 43.

Entitlements are out of control. Already Medicare has more money going out in benefits than tax payments coming in. Social Security is still in the black, but economists predict 2017 as the date it goes into the red. To fund these deficits, the government has to increase its borrowing, raise taxes or divert funds from other programs. These are not good alternatives, so why donít we actually try to fix these creaky old programs. To put it bluntly, they suck. No rational young person would invest his money in Social Security if he had a choice. Letís fix the damn thing! Unfortunately, itís not going to happen. Hereís a bold prediction ó theyíll eventually put together a bipartisan, blue ribbon, lip smacking panel of old pols and theyíll recommend Ö hold your breath Ö raising Social Security taxes.

Letís face it, we fifty plus citizens are pretty demanding. We coughed up money supporting prior generations, so we want our fair share of the benefits when we get older. Without these entitlements, many baby boomers will have a tough retirement. If you can afford to retire.

But letís be fair and look at it from the point of the twenty something working stiff. The ratio of retired persons to workers is getting worse year by year. A young guy or gal has forty or fifty years of ever increasing Social Security taxes to pay. They are not happy and I donít blame them. Especially if the benefits are cut back or the retirement age raised to, letís say, 112. Iím all for working with these youngsters so that we can cut them a fair deal. Just as long as you donít touch MY retirement benefits.

So how do we reduce taxes? The government has to find a way to fund Social Security, Medicare and other entitlements. Thatís the bulk of the federal budget. We certainly need the Defense and State departments and, to some degree, the regulatory agencies. That doesnít leave too much to cut, but there are a few items that make no sense.

Take agriculture subsidies. Why the frack do we pay farmers to NOT grow food? (Love the sound of the word frack ó got it from Battlestar Galactica)These subsidies go into the pockets of big, rich agriculture corporations. Itís not 1930, with Oakies starving on their little farms. Agriculture is Big Business, just like Insurance, Computers or Finance. Should we pay Microsoft to not develop software? No wisecracks, please, Iím just trying to make a point.

Then there are the natural disasters, like Katrina. Iím all for emergency aid, but the government went way overboard. I read that more than 80 billion dollars has already been committed. Now if you choose to live below sea level or on the coastline, okay, you can take a chance, but donít expect the taxpayer to rebuild your home if a flood washes it away. At least buy fracking flood insurance. Itís cheap (government subsidized, of course). Can you believe they are rebuilding New Orleans without improving the levies! Who pays when it floods again? Spell it t-a-x-p-a-y-e-r-s.

So we have to find a way to reduce the cost of providing necessary services, while eliminating the handouts. Thereís no solution unless entitlement programs are restructured, and Iíll discuss this in future posts.

Fracking A!

Web Site Website of Dan Ronco
f

Want to review or comment on this article?
Click here to login!


Need a FREE Reader Membership?
Click here for your Membership!



Books by
Dan Ronco



Unholy Domain

Buy Options
Signed copy!
Amazon, more..




PeaceMaker: A Thriller

Buy Options
Signed copy!
Amazon, more..




2031: The Singularity Pogrom

Buy Options
Signed copy!
Amazon, more..


Popular
Essays Articles
  1. Vituperative Recriminations
  2. Environmental Greenies Are Very Dangerous
  3. Unforgettable Moments in Life
  4. Earth Day 2015--Promises To Be Kept
  5. Wall Street Protesters Don't Value America
  6. Capitalism, Is This the Best We Can Do?
  7. Death by Dishonor
  8. Silent Sky: From 9/11/202
  9. Obama, a Modern Caesar?
  10. The God Particle
  11. Boredom Can Kill
  12. You Should Write a Book
  13. Of Conspiracies, Terrorists, War and Econo
  14. Abortion?
  15. What a class clown looks for in a novel
  16. A Meaningful Life
  17. Science Trumps Belief
  18. I'm Afraid to Write!
  19. Coal: Energy and Pain in Eastern Kentucky
  20. America: Change it or Lose it, Part II

You can also search authors by alphabetical listing: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



Featured Authors | New to AuthorsDen? | Add AuthorsDen to your Site
Share AD with your friends | Need Help? | About us


Problem with this page?   Report it to AuthorsDen

© AuthorsDen, Inc. All rights reserved.