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The Double Trouble of Taxation

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posted on Apr, 24 2008 @ 09:17 PM
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By Ron Paul

22/04/08 "ICH' -- - Taxes were on the forefront of many Americans’ minds this week as they scrambled to meet the April 15th deadline to file their returns. Tax policy in this country hurts taxpayers twice – once when they pay taxes, and then when the government spends the money. Americans are sick and tired of the financial burden and the endless forms to fill out. To add insult to injury, after collecting this money the government does some very detrimental things to the economy.

The burden of complying with the income tax is tremendous. Since its inception in 1913, the tax code has gone from 400 pages to over 67,000. The Tax Foundation estimates that around $265 billion dollars and 6 billion hours are spent just on compliance. That expense amounts to about 22 cents of every dollar the IRS collects. Imagine the boon to the economy if we spent that time and money expanding our businesses and creating jobs!

Aside from the direct loss of money and productivity, the funds from the income tax enable the government to do some very destructive things, such as vastly over-regulating economic activity, making it difficult to earn money in the first place. The federal government funds over 50 agencies, departments and commissions that formulate rules and regulations. These bureaucracies operate with little to no oversight from the people or Congress and generate around 4,000 new rules every year and operate at a cost of about 40 billion dollars. There are some 75,000 pages of regulations in the Federal Register that Americans are expected to know and abide by. Complying with these governmental regulations costs American businesses more than one trillion dollars per year, according to a study by Mark Crain for the Small Business Administration. This complicated system drives production to other countries and shrinks our job market here at home.


www.informationclearinghouse.info...

If Ron Paul really cared about the Constitution as he state, he would have had bush and cheney impeached and tried for the war crimes they have committed! Ron Paul is inconsistent and historically challenged....other than that the old kook has some pretty good ideas.




posted on Apr, 24 2008 @ 09:25 PM
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well.. my wife works as a payroll admin and she told me today that they were talking about bonuses they give at work and the taxes connected to them...

The tax on a US $500.00$ bonus is about 28%. (paid by the employer)
The tax on a US $1000.00$ bonus is.............58%! (paid by the employer)

for a real down to earth snap shot of reality.



posted on Apr, 24 2008 @ 09:40 PM
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reply to post by Master_Wii
 


Today quite plainly, quite honestly.

We are taxed far more then England EVER taxed us as a percentage.

And EVERY single product in our lives are taxed..

I say they need to study their ancestors...

Before I give them my own version of a reminder.



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