It never ceases to amaze me at the absolute euphoria people exude, when they get their check from the IRS. Everything from a down payment on a new car or furniture or other household trappings are purchased. It maybe money spent towards a vacation, or maybe to pay off some credit card bill that you have had to carry a balance on. They seem to have forgotten that this was their money to begin with and that they are getting a small part of it back!
The parasites are also out to capitalize on your “good fortune” as well. Tax preparation services who only charge a “small percentage” to get you the most back from the “evil” IRS. Then there are the check cashing folks who only charge a “small percentage” to cash your government issued check. While there, the tellers will try and sell you lottery tickets instead of allowing you to take your money and run. There are businesses’ that will cash your check at their store, in hopes that you will buy stuff at their store. My favorite however this year is the “bunny ranch”
Dennis Hof who owns and runs a “legal brothel” in Nevada will cash your government issued checks by trading it for “bunny bucks.” He gives you two bunny bucks for one government dollar (so the story goes) which in today’s economy isn’t a bad trade except of course, the only place to spend bunny bucks is well on “professional services” at his brothel. www.bunnyranch.com
I personally would like (one) bunny buck, just to hang up next to my million dollar “fake bill” as that is what it is worth outside of the ranch. My hats off to his “entrepreneurial spirit.”
If your employer just gave you the money you earned, and then let you settle your taxes every two weeks with the different agencies both state and federal, we might hear a little louder scream from those who think that the government is currently doing a good job. The simple facts are that you never see it, everything happens behind the scenes through the payroll department. Unless you work in that department, you really have no clue how much of your weekly pay is going to someone else. They are simply numbers on a stub. Much like the “Paper or Plastic” article, that I wrote earlier, what you don’t handle you don’t really miss. It doesn’t make that much of an impact!
Consultants often do work that way. They are giving something called a 1099 which reports to the IRS that you were paid X amount of money and by April 15th they have to come up with everything that is normally taken out of others paychecks and then some as there is the “self employment tax.” I would guess that those folks have a very keen understanding and appreciation of our “tax code.”
If you really want a wake up call, something to stir you inner emotions about the current tax code, do this. Add up all of the taxes and things taken out of your check everyweek. Next time you are at the bank, withdraw that amount, whatever it is and take it home and look at it. Count it a few times. Understand exactly how much you are giving away to “who knows where.” Now multiply that pile of money by 52 if you are a weekly employee and imagine what that pile of money would look like then!
Puts a little different spin on that windfall now doesn’t it. The simple facts are that revising the tax code is long over due. If you really want your head to explode start looking at how the government is spending your money. Really pay attention to where it is going and for what. Protracted wars fighting for people who hate Americans. Green power companies that go bankrupt after using all of the taxpayers money up. Million dollar golf outings to play with Tiger Woods. Sending tanks and aircraft to Egypt, to the Muslim Brotherhood. Who made that deal?
I could be wrong but I think his Ivory tower is so tall, that he really has lost sight of those that he is supposed to be working for. Maybe it is the thin air up there as I remember he had issues with that in Colorado during the 1rst debate.
According to the CCH Standard Tax Reporter, the U.S. tax code began with about 400 pages in 1913. Twenty-six years later there were still only 504 pages, but then it exploded to 8,200 pages by 1945. This blossom of growth was caused in part by finding ways to fund WWII.
It got to over 60,000 pages before the end of the first term of President George W. Bush, and it has now reached over 72,500 pages by the end of the third year of President Barack Obama’s current term of office. Politicians and bureaucrats are consistently adding or modifying this document, making it the monster that it is.
Does this seem like it is getting simpler to you?
In speaking with accountants who know this stuff they are left scratching their heads and searching through new books and guidelines to figure out the correct answer. The only people who can afford to do their own taxes are the people who don’t own a home, possibly rent and have no real property. Folks, we are going the wrong way with laws and taxes.
Every candidate running for office always talks about making it easier, flat tax and so forth and now you can see; that was never the plan. Today we learned that we will be printing $40 Billion a month with no end date. That works out to $1.1 Trillion a year! Feel your money shrinking yet? Wait till bread is $100 a loaf; then maybe the rest of the people will get the message.
-Best to you and those that you care about!