Yippee, Skippy!
Another tax cut is practically on its way!
This one's geared toward people who can afford to invest in more than a mortgage, utilities, food and gas each month.
("I ain't sayin'. I'm just sayin'. Know what I'm sayin'?")
For the person or household that makes $50 thou a year, this could mean $46 bucks a year. That's a whopping 88.4 cents a week…cold cash!
Of course the banner hung over our dugout still reads "Loser Circle" because these little cuts every now and again that amount to nickel and dime cash in hand for the majority of everyone… are creating a cash deficit for the systems, both federal and local that we as tax payers have to make good on in the form of real folding money.
While we continue to still choke up the taxes for often, even basic government services such as record keeping, issuing licenses, educating the children, putting out a house fire and police response, now we get to pay even higher prices for filing fees, use permits, public area usage fees and higher state/local/property and general taxes demanded for over the counter sales and for the privilege of working and having any income at all.
I figure just the announcement of this latest "cut" is going to have them salivating in the state capitals and city halls across America.
That $46 bucks a year is going to look a lot like more increased fees for local government services on the very real street level. And with an even greater cost than local gov't could have ever asked or hoped for originally from the "pollies" on Capital Hill. You see "We the people" have no recourse but to accept and pay a tax notice, while bills for funding before congress can be vetoed and defeated by our illustrious, always looking out for us, "representatives".
The food chain looks something like this:
The feds hide behind these tax cuts and give less to the states. The states then have less to give to the counties. As a result the counties then have no choice but to give less for basic operational funding to the cities… The money has got to come from somewhere, folks. And it "trickles down" on us.
Thus, a lousy $46 bucks, that appears to be a win for the little guy (that can invest)turns into at least that much being asked for basic services, individually, from all three of the above mentioned sources, turning that $46 windfall into a $150 to $200 deficit in most mid to low income homes.
People making $20,000…$30,000 or $40,000 per year aren't even in the running for this "tax cut". Yet they will surely have to foot the bill asked by state and local authorities for the dwindling funding.
People who are millionaires will retain approximately what any two of these households will live on, (before taxes) for a year.
If no one has noticed the rises in state/local government taxes and fees for services since the first "tax cut" went into effect some 3 or 4 years ago that yielded on average a dollar per day to the median household in America, then maybe my house is the exception to the rule and I'm making a point about nothing at all here but a very isolated and individual problem. The law of averages is against that being the case however; and you must know that.
And so, in this instance the deepest cut is hardly limited to the first, as the song and old adage would suggest. Each and every "cut" that meets legislative approval is akin to the death of 1000 cuts for the average home in this country and a benefit to the affluent.
But the myth will continue that we all have taxation with representation.
Some of us may gain some small amount of pocket change…less per week than what could get you on public transportation for a day, …in return everyone will be shelling out 3 to 4 times that amount once again for the exaggerated figures needed to make up for the diminishing federal funding for our local government services.
Yippee, Skippy!
Another tax cut is practically on its way!
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