Ace Wisdom

Tax Heaven!

March 18, 2008

Our fore-fathers formed a whole new government over 200 years ago and one of the platforms was that we would not have taxes without representation. Well we've got representation and our taxes are higher than ever.

We have a Presidential election in 8 months and you can bet that taxes are going to go up. We are living under lower federal tax rates enacted 4-5 years ago. So when you make out your Federal Income Tax forms, you are paying less tax on earned income, dividends and capital gains. All the reduced tax rates expire in 2010 and tax rates will return to higher levels experienced in the early 2000's. So if our representatives do nothing, in 2010 we will all get automatic tax increases.

Don't stop there! Hiliary wants healthcare for all and will get it through higher taxes. She also proposes raising the tax rates on top of the automatic tax increases that will happen. Obama has a modified healthcare program. I'm not sure what McCain stands for!

There are plenty of hidden taxes. You pay a 15% gas tax as prices at the pump approach $4 per gallon. If you buy a gas guzzler SUV you will pay up to $7700 special dealers tax (I'm not sure this is a bad tax). There are local hotel taxes. If you smoke, you pay a cigarette tax. There is a beer tax. Can you believe that? How about taxes on guns, fishing equipment, and food products protected by import tariffs.

Add in a 5% State sales tax. Did I mention local property taxes.

Look at your pay check. You pay a social security tax (as does your employer) along with a medicare tax and an unemployment tax.

So you see, we got just what our forefathers wanted. We have taxes but we are well represented by our Senators and Congressmen. How is it working for you?

The lesson Grasshoppers is that you should stay informed on what your representatives are doing in Congress and if you enjoy having you taxes increased, keep voting for the same pompous assh----.

Love,

Dad

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