January 28, 2011 - 8:55 pm
Over on my personal blog, The View from Flyover Country, this week I examine taxes and how taxation is so simple a coworker’s 12-year-old gets it…
“So they tax you on what you make?”
“Yes.”
“Then they tax you on the food you buy?”
“Yes.”
“Then you pay taxes on your car?”
“Yes.”
“Then you have to pay taxes on your house?”
“Yes.”
“That’s stupid!”
Amen brother, preach on!
Ann Althouse a href=http://blogs.forbes.com/ashleaebeling/2011/01/27/dont-let-your-kids-do-their-own-taxes/ rel=nofollowlinked to this story /aabout he problem when your kid files a tax return. But she missed the best quote:
blockquote“It’s a good life lesson to file your first tax return and recognize there are consequences to earning money, but you need to talk about the strategy,” she adds./blockquote
Yes Timmy, making money has consequences, adult consequences.
Completely agree with that 12 year old. Also I was just wondering but why do we need so much insurance? Home, car, flood,earthquake, health, to mention a few, cant help but think that our government and insurance companies are working together to take as much of our money as possible. Oh yeah, and lawyers!
The problem with taxes is that they fund government.
And government is always, ALWAYS the high-cost, low-service, out-dated provider. It’s a built-in function, and 100% inevitiable, for many reasons.
Any government enterprise is bound by the law, and therefore it takes an act of Congress to make a change. Government is always behind the curve of change.
Any government enterprise is bound to hire “equitably” instead of by talent and capability, and therefore the workforce is, by definition, sub-standard to private enterprise.
Any government enterprise is bureaucratic, and therefore staffed with people who’s incentives are tied to growing bureaucracies instead of lowering costs and improving service.
Any government enterprise kills competition, and once competition is killed off, corruption is inevitable, because there is nothing to hold the bureaucrats accountable except the government itself, which always puts growth ahead of accountability.
It’s so simple, a child can understand it.
My daughter worked as a Sunday school teachers aide in her first paid job. She was proud to get her first paycheck, but surprised it wasnt as much as shed been expecting. I explained tax withholding.
I worked for that money! she said. Thats my money!
Live and learn.