Today is National Tax Freedom Day, an Orwellian notion to signify that we have paid all our taxes on this day and thus are now free from the burden of government. Here in California, we actually have to wait until the 20th for our state taxes to be paid up.
So while the IRS expects tax returns on the 15th every year, National Tax Freedom Day changes from year to year and budget to budget. But another way to look at it is in terms of an 8 hour workday, 28.2% of which is 2 hours and 15 minutes, every workday, all year long.
But 28.2% is a fiction. The real number is 40.8%. Why? Because that's how much is actually being spent. The other 12.6% is deficit spending. 40.8% of a workday is 3 hours and 15 minutes. So I really don't start earning money for my family until after lunch.
This is why taxes should be voluntary. What crime have I committed and been duly convicted of to warrant such a tax burden?
Instead, we've been tricked. If I ask people how much they pay in taxes, many of them would say they got money back. They don't even know how much they pay because the system took more than they owe all year then give them a "refund."
And don't tell me about the Fair Tax. Read my article on the topic.
Tax Freedom Day answers the basic question, "What price is the nation paying for government?" An official government figure for total tax collections is divided by the nation's total income. The answer this year is that taxes will amount to 28.2 percent of our income, and the stretch of 103 days from January 1 to April 13 is 28.2 percent of the year. Income and tax data are then parsed out to the states, yielding 50 state-specific Tax Freedom Days.
So while the IRS expects tax returns on the 15th every year, National Tax Freedom Day changes from year to year and budget to budget. But another way to look at it is in terms of an 8 hour workday, 28.2% of which is 2 hours and 15 minutes, every workday, all year long.
But 28.2% is a fiction. The real number is 40.8%. Why? Because that's how much is actually being spent. The other 12.6% is deficit spending. 40.8% of a workday is 3 hours and 15 minutes. So I really don't start earning money for my family until after lunch.
Neither slavery nor involuntary servitude, except as a punishment for crime where of the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.Source: 13th Amendment, US Constitution
This is why taxes should be voluntary. What crime have I committed and been duly convicted of to warrant such a tax burden?
Instead, we've been tricked. If I ask people how much they pay in taxes, many of them would say they got money back. They don't even know how much they pay because the system took more than they owe all year then give them a "refund."
And don't tell me about the Fair Tax. Read my article on the topic.
2 comments:
I heard it would take til June now to pay our taxes... This is out of control.
Yep. Totally.
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