That’s right. On April 15th, I messed up big time. Actually, I figured it out on Monday, the 14th, as I did my taxes on a vacation day. How badly had I booted it the previous year? Yeah, I’m getting a refund. Which means that I failed – I just gave Obama an interest free loan for the year for the US Government, after taking my money from me legally by the 16th Amendment (which was originally sold as “just target the few highly rich people”).
Sidenote: “After all, the first tax ranged from merely 1% on the first $20,000 of taxable income and was only 7% on incomes above $500,000….(Ed. note: Expressed in 1994 dollars this sentence would read, “the first tax ranged from merely 1% on the first $298,000 of taxable income and was only 7% on incomes above $7,460,000.”)…The collection process was greatly facilitated in 1943 by a device created by FDR to pay the costs of WWII. It was called “withholding from wages and salaries”. In other words, the tax was collected at the payroll window before it was even due to be paid by the taxpayer. Economists point out that this device, more than any other single factor, shifted the tax from its original design as a tax on the wealthy to a tax on the masses–mostly the middle class.”
So, I’m mad at myself for not doing the right calculations and mad that, once again, we see the Left’s persistence on incrementalism – create a man-made need based on ideology (as opposed to solving a real life problem),
Read more