we are all being taxed into oblivion. It is like death by a thousand paper cuts. Our politicians have become extremely creative in finding ways to extract money from all of us, and most Americans don’t even realize what is being done to them. By the time it is all said and done, a significant portion of the population ends up paying more than half of what they earn to the government. Yet despite all of this oppressive taxation, our local governments, our state governments and our federal government are all absolutely drowning in debt. When the federal income tax was originally introduced a little more than 100 years ago, most Americans were taxed at a rate of only 1 percent. But once they get their feet in the door, the social planners always want more. Our tax code has exploded in size. We have roughly 100 different taxes we pay every year. . . and thats us little guys,.... who dont make $500K.
Why do we have to have the most convoluted tax system in the history of the planet?