When it comes to federal taxes, I compare Congress and our federal government to a burglar who breaks into your home and steals your food from your refrigerator and kitchen cupboards after you just bought them at the grocery store.
Millions of Americans just paid their federal taxes before or after April 15. Congress and the federal government does not have an approved budget from which to work nor is it ever balanced. Yet, they keep taxing Americans for money they can’t manage. The new year, 2013, is almost here and the burglar, Congress and the federal government, will be trying to steal more money from you again. We are working with an outdated, non-reformed, broken tax system. The IRS has wasted billions of dollars on fraudulent overpayments for years.
American taxpayers pays way too much in taxes to the federal government. All totaled, individual American taxpayers pay 66 percent of federal revenue in taxes. American corporations and Wall Street pay only 12 percent of the federal tax revenue. The remaining tax revenue comes from imports and miscellaneous sources. What is wrong with this picture?
Corporate America and Wall Street have most of the wealth, cash, stocks, bonds, and real estate in this country. Plus, they own tax-exempt businesses overseas. For sitting on $2 trillion plus for four years, job creation has been scant at best. Worst of all, we bailed them out.
The American people need to quit paying for corporate America’s tax bills. Corporate America needs to pay the 66 percent and not you and me. Corporate America, Wall Street, and the federal government are all in your kitchen stealing your food. When will this robbery end?