As a tax specialist, I constantly deal with tax planning for our clients…Really, tax avoidance. The sad truth is that it has become increasingly difficult to lessen tax burdens for families. When the word taxes are mentioned, our minds quickly go to income taxes. The politicians know this too and, if they seek re-election, they know it is taboo to negatively fiddle around with income taxes too much.
So, to support their ferocious appetite for spending, the government has, through the years, quickly implemented numerous “stealth taxes” or hidden taxes that quietly empty your pocketbooks. The following poem reminds me of our plight:
The Tax Foundation estimates Tax Freedom Day for the average American will be April 13th. What is yours?
Tax his land, tax his bed,
Tax the table at which he’s fed.
Tax his tractor, tax his mule,
Teach him taxes are the rule.
Tax his cow, tax his goat,
Tax his pants, tax his coat.
Tax his ties, tax his shirt,
Tax his work, tax his dirt.
Tax his tobacco, tax his drink,
Tax him if he tries to think.
Tax his cigars, tax his beers,
If he cries, then tax his tears.
Tax his car, tax his gas,
Find other ways to tax his ass.
Tax all he has, then let him know,
That you won’t be done till he has no dough.
When he screams and hollers, then tax him some more,
Tax him till He’s good and sore.
Then tax his coffin, tax his grave,
Tax the sod in which he’s laid.
Put these words upon his tomb,
“Taxes drove me to my doom…”
When he’s gone, do not relax,
It’s time to apply the inheritance tax.
I challenge each one of you hard working Americans to figure out how much of the year you have to work just to live in this country before each dollar you make you can actually keep?
Accounts Receivable Tax
Alternative Minimum Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Estate tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (42 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Probate Tax
Property Tax
Real Estate Tax
Sales Tax
Service Charge Tax
Social Security Tax
State Income Tax
Road Usage Tax
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-Recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids. The cost of complacency is very high.
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