Thursday, March 5, 2009

Abolish Income Tax Withholding

Hi Folks,

Not any more to it than that. I think we should do away with income tax withholding. Why? It is tyranny, plain and simple. In our representative government, we supposedly have agreed to the repressive and oppressive sums we fork over to the Federal Conglomerate each payday. Perhaps we DID agree. Perhaps we didn't. It is hard to know when we are beset with so many different taxes and fees, that are automatically withheld before we ever see the paycheck remainder we are allowed to keep.

So my solution is simple. And I think it will tell us in a heartbeat whether we really agree to the confiscatory tax levels currently imposed on us. We repeal income tax withholding, and simply write a check or three each payday. That's it. No changes to tax rules or levels. No cuts, increases, stimulii, or credits. Simply look at your pay stub, record the gross amount, and then write two or three checks: one to the federal government for the income, social security, and medicare taxes, and one to each state that claims a portion of your income. Drop them in the mail and forget about it until next payday.

My prediction is that if we did this, within the space of one year our tax burden would be drastically reduced as our state and federal representatives were faced with public lynchings over the gross theft that is our current system.

Picture this: A family wage-earner earns $4,800 every 2 weeks - pretty well paid, right?
After all reductions, the net check is for $3500. Whoa, he or she would say, except that he or she has grown used to not looking at the stub, and accepting the net as the "way of things."

Now say that individual deposits $4,800 to his or her bank account.

S/he rubs hands together thinking about the nice new flat-screen to be purchased. Oops, but first, write a check to the federal government for $1,000 for income, FICA, and medicare taxes. Now we have $3,800. Now write a check to the state for $300, and we are down to $3,500.

Still cool, right? Then we take out for the mortgage, the car(s), the groceries, clothes, utilities, and credit card payments. Suddenly there are only a few hundred left for entertainment and unexpected expenses. Wouldn't that extra $1,300 have been useful? Heck - give the governments $800 and wouldn't the extra $500 have been useful? Heck, give the governments $1,000, and wouldn't the extra $300 have been useful?

Yes amigos, a few months of this, and there would be a sea of pitchforks outside of city hall and outside of the Capitol Building, protesting government greed.

We are asleep, and we are hearing [N]Obama tell us he is about to dramatically increase taxes in businesses and individuals. We won't know when enough is enough, because we aren't watching.

Remove the stealthy income withholding, and we will wake up, I predict, and shortly thereafter, our "representatives" will wake up as we discover we don't NEED to spend money on all ths pork, and that we demand better accounting and demonstrated results for the money we DO spend.

Study cow flatulence? It is to laugh. Fund Viagra for senior citizens? Abortions for Latin Americans? "Tax cuts" for those that do not even work? Nope, nope, and nope. Pay farmers not to grow things? Huh-unh. Subsidize losing mass transit systems such as AMTRAK? Negatory.

I predict we will also start watching how our individual representatives spend money on themselves with perks, trips, and undebated salary increases. I bet we start demanding they account for every dollar they want spend via some public forum, such as a town-hall discussion.

I bet the economy would heal up in a heartbeat.

I bet....ah, well. It is only fantasy. How could this land of sheeple ever stand up to the tyranny of withholding? It's too scary. It's too much work. Let somebody else do it.

Jimmy

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