Thursday, April 15, 2010

Tax Day Tidbit

I caught this today:
The percentage of Americans who will pay no federal income taxes at all for 2009 has risen to 47 percent.

That isn't the worst of it. The bottom 40 percent not only pay no income tax, but the government sends them cash or benefits financed by the taxes dutifully paid by those who do pay income tax.

I don't know how accurate these stats are, but this is astounding if true. And 'No' I'm not blaming the Obama Administration for this. Obama just got to office, so that blame isn't purely his. I blame the previously administration and Congress for letting this happen. What happened? Why are we subsidizing more and more people who aren't carrying their weight? The more the government gives them, the more of them there will be. How hard is this to understand?



The reverse is true too. The more you tax, the less there will be. When you tax me more and more, the less incentive I have to work hard to make more money. You tax a business too much and the business will leave. Why work hard when I get absolutely no benefit from my labor? At some point, I will stop working so the fucking government can take care of me and the tab can be paid by the remaining few (or is it fool?) who want to continue to work.

Sigh...

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