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VodkaPundit

Tax THIS!

May 12th, 2010 - 2:17 pm

Here’s the good news: Americans are paying less in taxes than at any time since 1950.

Here’s the bad news: Incomes are down, reducing income tax receipts; employment is down, reducing payroll tax receipts; consumer spending is down, reducing sales tax receipts.

And on the horizon: Perhaps a VAT, increased income taxes next year, increased taxes on medical expenses, medical devices, etc. Oh, and a spending binge that will have to be paid for, oh, somehow. Where does government get money again?

Oh, right — taxes.

So you’ll excuse me if I’m not feeling too grateful to my masters in Washington.

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