Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, and had the largest middle class in the history of the world, predominantly with a one-earner income and Mom stayed home to raise the kids. What happened? Can we spell ‘greedy, power-grabbing politicians?’
Tax his cow, Tax his goat,
Tax his pants, Tax his coat.
Tax his ties, Tax his shirt,
Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink,
Tax him if he Tries to think.
Tax his cigars, Tax his beers,
If he cries Tax his tears.
Tax his car, Tax his gas,
Find other ways To tax his a** (bootie).
Tax all he has Then let him know
You won’t be done till there’s no dough.
When he screams and hollers, Then tax him more,
Tax him till He’s good and sore.
Then tax his coffin, Tax his grave,
Tax the sod in Which he’s laid.
Put these words Upon his tomb,
‘Taxes drove me to my doom…’
When he’s gone, Do not relax,
Its time to apply the inheritance tax.
STILL THINK THIS IS FUNNY?
Most of us, when pressed will mention Federal and state income tax, and sales taxes and let it go as far as taxes go. A few will mention property, inheritance, gas and cell phone taxes, and that’s about it… Well, folks, there’s more already on the books. A partial list follows:
Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax
Corporate Income Tax Dog License Tax Excise Taxes Federal Income Tax
Federal Unemployment Tax (FUTA) Fishing License Tax Food License
Tax Fuel Permit Tax Gasoline At (44.75 cents per gallon) Gross Receipts Tax
Hunting License Tax Inheritance Tax Internet Service Provider (ISP Access) Tax
Inventory Tax IRS Interest –IRS Penalties (tax on top of tax)
Liquor Tax Luxury Tax Marriage License Tax Medicare Tax Personal Property Tax
Property Tax Real Estate Tax Service Charge Tax Social Security (FICA) Tax
Road Usage Tax Sales Tax Recreational Vehicle Tax School Tax State Income Tax
State Unemployment Tax (SUTA) Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax Telephone Federal tax
Telephone State and Local Surcharge Tax Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax Telephone Usage Charge Tax
Utility Tax Vehicle License Registration Tax Vehicle Sales Tax
Watercraft Registration Tax Well Permit Tax Workers Compensation Tax 9-1-1 tax
Now, if the two current Bills in the House and Senate – Healthcare Reform and CAP&TRADE (read Tax) are passed, we will be adding a minimum 1.5-9.5% or more additional taxes! In my own case, CAP&TAX will add 5.1% (House version) and 7.6% Senate version, based upon little over minimum wage, and current expenses. In the US Senate, Harry Reid as of 7/28/2009 stated it was too hard to pass as a stand-alone Bill, so was planning on adding it as an Amendment to existing legislation, then had a change of heart when he saw Healthcare is holding up the process.
Figure your new taxes added costs if CAP&TRADE passes. Replace the figures prefilled with your own household budget figures. Multiply by 1.5 if the Kerry-Boxer version of the Bill passes the Senate. The worksheet is for the Waxman version of the House that passed : http://www.taxfoundation.org/capandtrade
Healthcare Reform would cost me an additional 2.5-8%, or possibly federal jail time – makes it really easy (sarcasm) to be competitive in client bids. Plus, the ‘wealthy’ will be taxed income surcharges of 1.5-5.4% to help pay for this…and, both the Senate and House are considering a Value Added Tax!
Let your Congress and President know whether or not you want to continue to do your ‘patriotic duty’ and voluntarily add to your tax burdens.