I had half forgotten that taxes are due tomorrow, since we filed our taxes months ago, but then I read the local Willamette Weekly cover article on 9 Things The Rich Don’t Want You to Know About Taxes.
It’s really in depth, and pretty darn infuriating. Since I know you all won’t take the time to read the full article, here are the tax myths that he tries to dispel:
- Poor Americans do pay taxes
- The wealthiest Americans don’t carry the burden
- In fact, the wealthy are paying less taxes
- Many of the very richest pay no current income taxes at all
- And (surprise!), since Reagan, only the wealthy have gained significant income
- When it comes to corporations, the story is much the same – less taxes
- Some corporate tax breaks destroy jobs
- Republicans like taxes too
- Other countries do it better
Not surprisingly, it was the last section that really got me going, wondering for the umpteenth time why I live in a country that likens taxes to torture and can’t understand how creating a system of mutual support is a good thing. I wrote last tax season about green taxes and taxing priorities, and have made my socialist tendencies known. Call me socialist, but I’d happily pay into a system that provides a safety net and makes many predictable expenses less expensive. Instead families are stuck wondering how to budget for unpaid maternity leave, save for college and retire with a reasonable standard of living.
What gets me is that all these tax myths are being created by those who pay the least proportionally. Obama is proposing a modest tax increases on the wealthy, but it’s still no where near equality. I try to be an optimist in my personal, but politics lately are getting under my skin, and the tax debate reminds me of how much better I think we could do for our families.
Would you pay more taxes for more services?
Sustainable Family Finances
The story of a family creating an abundant and sustainable life.