SamSaid!

It's tax time again

     When George Bush identified a tax reduction as a major plank in his Presidential Campaign platform, I signed on in a hurry. Paying Federal taxes is not one of my favorite sports. I was convinced that his tax message would resonate throughout the country and it did  –  but not to the extent that I had imagined. I was sort of puzzled over a public reaction that was lukewarm. Then I spotted an article which published 1999 IRS data obtained from the Joint Economic Committee of the Congress. Mind you, this is 1999 data.

     The top 1% of all US earners paid 36% of all of the personal income tax. The top 10% of earners paid 67% of the personal income tax and   –  get this  –  the top 50% of earners paid 96% of the personal income tax that year. Conversely, that means that the lower 50% of the earners in the US paid only 4% of the personal income tax. It figures that folks who pay little or no income tax don't get too excited about a tax reduction.

     Obviously, you have to pay taxes in the first place in order to qualify for a reduction. How do you get a reduction from taxes you didn't pay? But of course, the Gebhart/Daschle “tax and spend” Democrats quickly dubbed George's program as a tax break for the rich. And of course we might also include some Republicans spenders who are hot on subsidies. When a tax reduction is in order, don't you start with the people who paid the taxes  –  or is that too simple? But Dubya's message did resonate  –  with real tax payers.

     Sweeping all of the camouflage aside, the kernel of the issue is that the Congressional big spenders want no part of slowing down the revenue headed for Washington. These guys have never seen a tax dollar they couldn't spend. Our tax structure functions to send more and more money to Washington without changing so much as a comma in the tax code. Percentages and brackets are their allies. When you get a raise, a promotion, or a bonus, better discount it up front. Big Uncle will get his share  –  for sure..

     A battle cry for the American Revolution was “taxation without representation”. Now we have taxation WITH representation. I guess we are better off  –  or are  we? It's tax time again, so while you struggle through the forms think about your noble sacrifice as one of the 50% who assume 96% of the country's income tax burden. We all can accept taxes up to a point. But maybe enough is enough.  Yet, we know that our tax dollars will be well spent  –  right??     

www.— ALPHA

     I have a wife, three daughters, a son, and the right number of in-laws. Over the past 3-4 decades I have freely shared with them my views on a wide variety of subjects. On occasion, some of them actually ask for my opinions; however, I never allow the absence of a request to deter me from relaying information they need to know.

    Over time, many of these conversations have been the equivalent of “preaching to the choir” since for the most part they are quick studies. Not all, mind you, but most of them. So, a while back, my software wizard son volunteered that I should get my own website so that I could offer my views to others. Through computer gyrations I cannot hope to understand he has set me up with “SamSaid” which is now my avenue to the rest of the world. I suppose that there will be those who take issue with my comments, but I don't mind that since somebody has to be wrong.

     I didn't get to substantive matters today since I was playing golf. Everyone has priorities and golf is one of mine. Certainly not half-pipe skiing. I'll probably pick the subject when I get up tomorrow at 5AM  –  and before I go back to bed at 5:10AM.

     I hope nothing important happens between now and then!!

Our coming trip to Hawaii!

Jake will be with us in 2 weeks. We will be vacationing in Waikoloa and his wife will be with him. They do not golf but that is ok. They will likely walk the beach with us.

This is the first post to the newly created SamSaid! Web Site.  Stay tuned for the upcoming content!