This was the horrible week in which millions of Americans paid their
taxes to the ever increasing and intrusive federal government. This year, the
tax burden has grown with Tax Freedom Day appearing on April 24, meaning that
Americans will spend approximately one third of the year working for government
before they can provide for their families.
Taxes are certainly oppressive in this country. Compared to last year,
tax revenue increased 4.3% to $1.478 trillion in the first 6½ months of the
2015 fiscal year. Even worse, the insatiable federal government continues to
spend money with reckless abandon. Through April 1 of this year, the budget
deficit was an astounding $439 billion, a significant increase from 2014.
Not only are taxes and deficits increasing, but the actual size of the
federal tax code is exploding. When the income tax was created in 1913, the tax
code was only 400 pages. It increased to 26,000 pages by 1984 and has tripled
in size in the last 30 years. Since the implementation of Obamacare in 2010,
the federal tax code has increased another 3,300 pages, resulting in more rules
and regulations for Americans to decipher. Today, the federal tax code is over
74,000 pages of bureaucratic nonsense, making it impossible for the average
American to complete their own tax return. It is no surprise that 94% of
Americans need professional assistance in finishing their tax return.....To Read More......
No comments:
Post a Comment