Thursday, April 15, 2010

Today is Tax Day! Ow, that hurt

April 15th is U.S. tax day. Supposedly the day all Americans pay their taxes. This is such a false assumption.

As reported on the Tax Foundation.org website, April 9th is the day that theoretically Americans have stopped working for the government and they can now earn their own money. Half of America has never been working for the federal government. They pay no federal income taxes. Unfortunately, many people think if their refund this year is larger than last year’s must mean that they have paid less taxes.

Americans really need to grasp how much they actually pay in taxes, at all levels. This includes income, sales, property, auto tags, and on and on and on. We don’t realize how much we really pay. Add in to the mix that businesses never pay taxes. All of those obligations are passed on to the consumer through product prices.

I think that government needs to learn a lesson who pays the bills. We need to reduce our withholding to a minimum and pay taxes due next year. Some states are not refunding overpayments to residents because they don’t have the cash available.

It is time that we taxpayers took more control over government revenues, specifically how we pay our taxes to the government!